While people have watched the BTC network surpass 100 exahash per second (EH/s), Bitcoin Cash (BCH) has been steadily gathering hashrate as well. Since the November 15, 2018 blockchain split, which produced the Bitcoin SV (BSV) chain, BCH hashrate has jumped by more than 3x. Bitcoin cash is often more profitable to mine than BTC
There’s been a lot of buzz in the space recently about the importance of user experience. Kim Dotcom’s proclamation that “Mass utility is going to lead to mass adoption,” speaks to this. Peter Schiff’s bitcoin wallet fiasco, CZ’s claim that centralized exchanges are safer than private wallets, and promises of a still undependable Lightning Network
Crypto-friendly Silvergate Bank has made its first hire from the hardcore bitcoin community to support an ambitious roadmap for its business serving digital currency clients. Benjamin Richman, formerly director of business development and partnerships at bitcoin tech startup Blockstream, joined the La Jolla, Calif.-based bank at the end of last month as director of digital
Three executives have left SDX, the blockchain-based digital asset trading venue owned by Swiss stock exchange operator SIX Group, since the year began, including two founding team members. Ivo Sauter, SDX’s head of clients and products, and Sven Roth, its chief digital officer, both left their full-time positions. Roth will continue as an external advisor
The founder of one of crypto’s most buzzed-about projects discusses the origins of Gitcoin, controversy and why open source funding needs to evolve. Ever since announcing its fourth round of grants, Gitcoin has been a major subject of conversation across the Twittersphere. In addition to all the excited buzz from both technical projects and media
British telecom conglomerate Vodafone has become the eighth company to pull out of the Libra Association, the governing council for the Facebook-created global digital currency initiative, CoinDesk has learned. Vodafone and Libra both confirmed Tuesday that the company is no longer part of the consortium. Vodafone will dedicate resources previously intended for Libra to its
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.”
Huobi Group is opening its first digital asset brokerage platform, offering trading products and services to institutional clients and high net-worth customers. Announced Tuesday, the Gibraltar-based Huobi Brokerage is also the first product launched under the company’s Global Institutional Business (GIB) division, according to a company statement. Formed in November 2019, the new division was
Cryptocurrency payment solution BitPay has added support for XRP to its wallet app on Tuesday, after first announcing its intent to do so in October 2019. Ecommerce domain eGifter and humanitarian organization CARE have already announced their adoption of XRP for commerce and donations following the addition, BitPay said. “BitPay continues to expand consumers’ ability
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Square Crypto, the payment company’s bitcoin-focused wing, is building a “Lightning Development Kit” for wallet and app developers to more easily build on the layer-2 solution. Announced Tuesday, the new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their own wallets. Existing bitcoin
Six central banks have formed a working group with the Bank of International Settlements (BIS) to share findings as each investigates potential cases for central bank digital currencies (CBDCs). The group will be comprised of the central banks of Sweden, Canada, Switzerland, the U.K. and Japan, as well as the European Central Bank (ECB) and
Paxos announced Tuesday a new feature allowing customers to automatically wire transfer funds from their bank accounts into either Paxos Standard or Binance USD stablecoins. Conversely, any PAX or BUSD sent to the designated address will be automatically wired back to the individual’s bank account in USD. Zach Kwartler, senior product manager at Paxos, told
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in the entities it regulates, such
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Grayscale Investments’ bid to register its Bitcoin Trust as an Securities and Exchange Commission (SEC) reporting company has succeeded. The trust’s shares are now registered under the Exchange Act of 1934, making the Grayscale Bitcoin Trust the first cryptocurrency investment vehicle to become a reporting company. The trust now has to publicly file its quarterly
Consistently among the top digital assets in the world by market cap, Bitcoin Cash is accepted by most crypto service providers and the list just keeps growing. The latest platform to add BCH support is the popular crypto wallet with over 10 million downloads, Imtoken. Also Read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at
The Swiss government has attempted to strike a more conciliatory tone on the Facebook-led Libra project, weeks after the country’s now-departed president called the project a failure. A government memo, seen by Bloomberg, emphasizes that the country’s regulators have not ruled out the possibility that Libra could one day receive their approval. Swiss officials will
A regulated European startup plans to bring fiat currency transactions onto the Algorand blockchain. Iceland-based Monerium, which has a European Economic Area (EEA) e-money license, has entered into a non-exclusive partnership with Algorand. Announced Tuesday, the deal will see the two companies collaborate on developing “real-world use cases that are enabled by advanced blockchain technology”
View Bitcoin’s case for a rally to $10,000 over the next few weeks looks stronger with the weekly MACD histogram about to turn bullish for the first time since August. Bitcoin is trading in a sideways manner in the $8,460-$8,750 range for the second day. A range breakdown could be followed by a quick slide
The Reserve Bank of India (RBI), the nation’s central bank, has explained that it “ringfenced” financial institutions from dealing with cryptocurrencies over a range of perceived risks. In a response to a petition from the Internet and Mobile Association of India (IAMAI) – which is currently fighting a supreme court case over the issue on
A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia New ‘Centre of Excellence in
Noelle Acheson is CoinDesk’s Director of Research and producer of CoinDesk’s Institutional Crypto newsletter. These opinions are her own. Let’s talk about containers – not the massive cargo ships that cross oceans, but vessels such as bottles, boxes and bins. Things that hold stuff. A reliable container does just that, it holds. It doesn’t transform
The Canadian government has awarded enterprise blockchain startup Mavennet a procurement contract for the development of an on-chain steel-tracking platform. Innovation, Science and Economic Development Canada (ISED), a government agency with the mandate to foster technology innovation, published a procurement award on Nov. 12 that will fund the R&D project for six months with 169,427
The number of stores that accept cryptocurrencies such as BTC and BCH is growing. But while such stores will accept bitcoin alongside existing fiat payments, a handful operate in reverse. These online shops are bitcoin only and they’ve no intention of accepting fiat currency – ever. Also read: How Is Bitcoin Cash Different From Bitcoin
Bitcoin.com is releasing the open source SLP Indexer Server for validating Simple Ledger Protocol tokens as part of its commitment to the development of the token ecosystem. The tool is designed to make SLP token transactions perform as fast as BCH and empower developers to create even greater projects on the Bitcoin Cash network. Also
The United States House of Representatives just proposed a bill to allow any personal crypto transaction to be excluded from capital gains tax as long as **PROFIT** is less than $200. This is ~95% of transactions. Call and email your US Representative IMMEDIATELY! 🚀 Follow us on Twitter: Tweets by AltcoinDailyio Reddit Post Proposed bill
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On January 17, the BCH developer known as Acidsploit announced the launch of the highly anticipated Cashfusion alpha. Interested parties can reach out to the Cashfusion developers via the team’s Telegram group to become an alpha tester. The news of the launch excited the BCH community a great deal, as it means a significant privacy
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