Tag Archives: blockchain

US Congressman Drafts Bills to Aid Blockchain Development

US Congressman Drafts Bills to Aid Blockchain Development

U.S. Representative Tom Emmer wants to support the development and use of blockchain technology and cryptocurrencies. To that end, the lawmaker announced a trio of blockchain-focused bills Friday, saying he intends to introduce them into Congress in the coming weeks. The bills tackle a range of issues around the blockchain space, including development, miners and cryptocurrency-related taxes. […]

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not […]

Cryptocurrency Prices Will “Slowly Recover” Due to “Real Utility,” Blockchain Professional Says

Cryptocurrency Prices Will “Slowly Recover” Due to “Real Utility,” Blockchain Professional Says

Josh Fraser, co-founder at Origin Protocol, an Ethereum-based peer-to-peer (P2P) solution for enabling economic transactions without intermediaries, recently told MarketWatch he thinks cryptocurrency prices will “slowly recover.” Fraser explained in an email to the financial information website that the “shift towards development” will “see real utility, versus speculation” in the volatile crypto ecosystem. The Clemson University computer science graduate wrote […]

BLOCKCHAIN TO PREVENT ANOTHER ECONOMIC CRASH?

BLOCKCHAIN TO PREVENT ANOTHER ECONOMIC CRASH?

Like any other system, the global economy is susceptible to failure at many different points. Unfortunately, due to the interconnectedness of the world, an economic crisis in one country could have disastrous consequences for other countries. This was the case during the United States economic crisis of 2008 in which the stock market crashed. Economic […]

An Introduction to Lightning Network Apps (LAPPs): Scaling Bitcoin

An Introduction to Lightning Network Apps (LAPPs): Scaling Bitcoin

Unbeknownst to a majority of crypto-enthusiasts, one of the most exciting features of the recently-implemented Lightning Network is one of the least discussed: the ability to build decentralized-like apps (known as Lightning Network Apps or LAppps) on top of the Lightning Network mainnet. But Bitcoin isn’t turing-complete & doesn’t have smart contracts? No matter. Due […]

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public […]

John McAfee Bound for Malta Blockchain Summit

John McAfee Bound for Malta Blockchain Summit

Malta has recently earned the name ‘Blockchain Island’, being the first jurisdiction in the world to adopt blockchain regulations. The island has already attracted the two largest crypto exchanges, Binance and OKEx, and most recently ZB, now opening offices in the rising crypto hub. The massive scale of the Malta Blockchain Summit is a reflection of […]

Gemini Dollar (GUSD) vs. Paxos Standard (PAX)

Gemini Dollar (GUSD) vs. Paxos Standard (PAX)

What GUSD and PAX Have in Common Both of these are: the world’s first-ever regulated stablecoins, approved and regulated by the New York State Department of Financial Services (NYDFS); subject to the stringent requirements of the NYDFS, which means, for example, that Gemini and Paxos must “implement, monitor and update effective risk-based controls and appropriate BSA/AML and OFAC controls”;  “implement, monitor […]

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]