Tag Archives: blockchain

California Agency Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts

California Agency Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts

Under a plan announced Friday, digital tokens will be awarded to participating businesses that cut their carbon footprint by powering electric van sharing, said Eduardo Javier Muñoz, CEO of EVShare, the startup running the pilot. The credits can then be used to pay for electricity consumption, rides and services. Mobility-related transactions will be recorded on […]

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing […]

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10. The move is part of China’s plan to be the one and only infrastructure provider for blockchain firms across the world. That effort resembles the country’s aggressive international expansion in other major emerging […]

In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin

In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin

Wednesday’s Twitter hack would seem to spell regulatory doom for Bitcoin, which is widely distrusted in Washington. Some lawmakers – and U.S. President Donald Trump himself – associate it with crime. In 2019 Trump tweeted he is not a fan of bitcoin and that “unregulated crypto assets can facilitate unlawful behavior.” He also reportedly told Treasury Secretary Steven Mnuchin to […]

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

The dust is still settling, but July 15, 2020, already looks to be one of the worst days in Twitter’s 14-year history. A devastating hack, apparently taking advantage of internal tools, enabled hackers to take control of dozens of high-profile accounts and solicit bitcoin donations. Noteworthy was the delta between the scale of the attack and the […]

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

Revolut customers in 49 U.S. states can now buy, hold and sell bitcoin (BTC) and ether (ETH) on the digital bank’s crypto platform. The British fintech firm entered the U.S. in March and waited until it had already established its core products in the country before launching bitcoin services as well, said Revolut crypto chief Edward Cooper. Revolut gained the regulatory […]

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

The number of whale addresses, or those holding a large number of bitcoins, has declined to a 14-month low. However, the drop isn’t necessarily a price-bearish development and may instead indicate the distribution of bitcoin ownership is shifting. As of Sunday, there were 103 addresses holding at least 10,000 BTC – the lowest since May 2019, according […]

Miners Are Sending Bitcoins to Exchanges Again – And That May Be Bearish

Miners Are Sending Bitcoins to Exchanges Again – And That May Be Bearish

Bitcoin outflows from miner wallets have spiked, with the majority of coins finding their way onto cryptocurrency exchanges. The net flow of coins into or out of miner addresses fell to -2,935 BTC on Tuesday to hit the lowest level since June 2019, according to data source Glassnode. To put it another way, miner wallets witnessed the […]

In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers

In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers

The solution initiated by ING – currently dubbed the Travel Rule Protocol or TRP – has also been backed by Standard Chartered Bank, Fidelity Digital Assets and BitGo, plus a gaggle of other familiar firms from the crypto space. The FATF’s recommendation in October 2018 to include virtual asset service providers (VASPs) within the scope […]

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols that use bitcoin (the currency, with a small “b”) run on the largest rival to Bitcoin (the […]