BLOCKCHAIN

Stablecoins Are Evolving Traditional Finances

[ad_1] Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European Central Bank nourished this viewpoint by stating that the institution should be proactive when it comes to digital assets. On Dec. 12, Christine Lagarde tweeted:  “My personal conviction on the issue of stablecoins is that we better be ahead of the curve. There is clearly demand
BLOCKCHAIN

The Evolution of Bitcoin’s Technology Stack

[ad_1] Over the last 10 years, the Bitcoin ecosystem has attracted developers to dedicate thousands of hours to improve and revamp most of its underlying codebase. Yet, Bitcoin (BTC) is largely the same. The reason for this is that its core set of consensus rules that define its monetary properties, such as its algorithmic inflation and hard-coded supply, remain unchanged.Time and time again, factions have attempted to change these core
BLOCKCHAIN

SEC Calls Out Status of Telegram’s TON, Doubting Development

[ad_1] In the latest from U.S. Security and Exchange Commission’s (SEC) ongoing lawsuit against Telegram for its offering of Gram tokens, the commission bashes the messaging service’s blockchain and related token.In a lengthy filing with the court of the Southern District of New York the SEC responded to Telegram’s earlier motion for summary judgment. In it, the SEC disparaged the Telegram Open Network (TON) — Telegram’s blockchain — as well
Business

Jack Dorsey’s Square Awarded Patent for Real-Time Crypto-to-Fiat Swaps

[ad_1] Financial services and mobile payment company Square thinks it has found a way to turn fiat into crypto in real-time point-of-sale transactions. How it works On Jan. 21, the United States Patent Office awarded Square a patent for a technology that the team argues cracks a present barrier in merchant transactions: “All cryptocurrencies face the same drawback in that they are not widely accepted. Presently, cryptocurrencies, like bitcoin, are not accepted by
BLOCKCHAIN

Is Samsung About To Partner With This Crypto Startup?

[ad_1] It’s funny what business leaders can and can’t tell the press.Cointelegraph caught up with Alexander Drummond, co-founder of crypto-enabled payments company GatePay, at the 50th edition of the World Economic Forum in Davos, Switzerland this week. Drummond was one of several crypto entrepreneurs presenting his company on stage at the CV Labs event on Tuesday.Drummond’s pitch for GatePay goes something like this: retail customers should be able to pay
BLOCKCHAIN

India Central Bank Says It Hasn’t Banned Crypto

[ad_1] The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban.In a Jan. 21 article, The Economic Times of India cited a document the RBI submitted to the country’s supreme court in September, which said:“Firstly, the RBI has not prohibited VCs (virtual currencies) in the country. The RBI has directed the entities regulated
ALTCOIN

Apple’s iCloud Is “Now Officially a Surveillance Tool”

[ad_1] Pavel Durov, founder and CEO of major encrypted messenger Telegram, argues that Apple’s cloud service iCloud is “now officially a surveillance tool.”Citing a Jan. 21 Reuters report, Durov claimed that applications like WhatsApp — which rely on iCloud to store private messages — are “part of the problem.” Telegram CEO delivered his verdict in a post on his official Telegram channel on Jan. 21:“iCloud is now officially a surveillance
Business

Venezuelans Selling Petro on LocalBitcoins at Half the Official Price

[ad_1] Venezuelans are reportedly selling the state-launched Petro (PTR) cryptocurrency that was airdropped to them recently. Though the government claims to have fixed the value of one PTR at $60, the market price on LocalBitcoins is reported to be only half of that.According to a Reddit thread, Venezuelans are turning to LocalBitcoins to sell their airdropped Petro amid disastrous economic conditions. This follows an airdrop to a claimed 6 million
Business

As Australia Burns, Cointelegraph and Oxygen Seven Raise Relief Funds

[ad_1] As megablazes ravage Australia, destroying vast amounts of land and wildlife, Cointelegraph and Oxygen Seven have partnered in a Bitcoin fundraising effort to benefit recovery efforts in the country.Fighting fire with fundraisingThe announcement between Cointelegraph and Oxygen Seven came last week. Through a page on Cointelegraph’s website, users can make anonymous or attributed donations in Bitcoin. The Bitcoin wallet address belongs to Oxygen Seven, which in turn is contributing