Monthly Archives: May 2020

Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

Cardano is working on a crypto-native microchip that would enable crypto transitions without the internet access, potentially delivering fiat-like experience to the hundreds of millions around the world. In a recent Cointelegraph interview, Charles Hoskinson elaborated on the crypto-native chip that IOHK is working at its blockchain lab at the University of Wyoming that may lead to many groundbreaking use cases, including a cash-like experience for cryptocurrency. Crypto-native microchip It all began when IOHK, the company charged with the development of Cardano (ADA), began exploring supply chain […]

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Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving 

Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later, CME broke records again. Data from the researchers at Skew.com detailed that CME’s regulated bitcoin options open interest is up 10x this month. Deribit’s Massive Options Volumes and CME Group’s Regulated Bitcoin Derivatives Markets Touch New Highs Ever since the halving on […]

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How the Lightning Network Will Grow Following Bitcoin’s Third Halving

The Lightning Network, Bitcoin’s second layer solution for faster and more efficient payments, was integral to the ecosystem’s third epoch — with a number of Lightning-focused projects iterating and expanding upon the technology to establish it as the most promising protocol built upon Bitcoin. Further Reading: What Is the Lightning Network?  It became clear during Bitcoin Magazine’s BitcoinHalving.com live stream that this development is only poised to ramp up following Bitcoin’s third-ever subsidy halving. As leaders from the space’s Lightning-focused projects took the stage, they elaborated on the […]

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UAE Startup Relies on Blockchain Technology to Flatten COVID-19 Curve

Blockchain-based solution may help to contain the growing cases of COVID-19 across the UAE. UAE-based startup incubator, in5, is helping to design blockchain-based methods to contain the COVID-19 pandemic in the country and thus flatten the curve. According to a report published on May 20, Liber Health, supported by in5, is one of the platforms used for patient identification supported by blockchain technology. They are creating a contactless system to recognize the biometric ID data and analyze suspected COVID-19 symptoms. Liber Health hopes that by tracking patients […]

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Blockchain.com to Support Russian Ruble Despite Local Crypto Uncertainty

Blockchain.com follows Binance in listing the Russian ruble, while local government considers strict regulations for the industry. Blockchain.com, a major cryptocurrency wallet and blockchain data provider, plans to support Russia’s national currency, the ruble (RUB). Although some big exchanges like Binance have introduced the Russian ruble, there is still no law authorizing circulation of crypto in Russia. On May 20, Blockchain.com announced its long-term roadmap, “The next era of crypto and 1B wallets by 2030.” In a post authored by Peter Smith, Blockchain.com CEO and co-founder, the […]

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Blockchain Intelligence Firm Wants to Prove Tim Draper Wrong on DeFi

Blockchain intelligence firm asserts that stablecoins are not a replacement of the dollar, instead they present a censorship resistance alternative to fiat. The latest research from Flipside Crypto purports to disprove Tim Draper’s assumption that the advancements in DeFi will displace the U.S. dollar as the world’s reserve currency. The report starts off by quoting Draper: “The DeFi world is almost as technologically advanced as the dollar, and when it is, there will be no one who will want to accept politically manipulable currencies like dollars anymore.” […]

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Several Chinese Media Outlets Setup a “Blockchain-Powered News” Department

A group of media outlets from China established an alliance to operate a news department based on blockchain technology. A group of 12 Chinese media organizations conformed by television stations, local newspapers, radio stations, and web media allied to create a “blockchain-powered news department” on May 21. According to the report published by China Email, the group is made up of media companies from all over the country. They use solutions based on 4.0 and advantage of blockchain technology in favor of the distribution and exchange of […]

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Bittrex Is Puzzled Over 24M Stolen STEEM Tokens on Its Holding Account

Bittrex to carefully review the facts of a 24M STEEM transaction from an unknown Steem account, co-founder Richie Lai says. Soon after an unknown entity “rescued” $5.7 million worth of STEEM tokens from a “New Steem” hard fork seizure, Bittrex confirmed that the funds reached their account. The crypto exchange now faces a difficult decision of what to do with the 23.6 million STEEM tokens allegedly stolen from Steem witnesses. In a May 21 statement, Bittrex co-founder Richie Lai confirmed that the entity of the transaction initiator, […]

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Albania Approves Europe’s Most Comprehensive Crypto Law Yet

Albania passes new comprehensive law written by the Minister of Finance and Economy to regulate crypto activities. Albania’s Parliament signed a bill into law on May 21 plenary session a legal framework for cryptocurrencies. The law, “On Financial Markets Based on the Technology of Distributed Ledgers,” first appeared before the Committee of Economy in October 2019 and was approved today with 88 votes in favor, 16 against and 3 abstentions. Introduced by Albania’s Minister of Finance and Economy, the legislation looks to regulate the conditions for licensing […]

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Recent Unemployment Numbers Might Not Mean Anything for Bitcoin

Millions more Americans posted unemployment status last week, but does that mean anything for Bitcoin? More than two million Americans requested unemployment compensation for the first time last week, which may or may not affect Bitcoin.  Recording its seventh consecutive week of decline, last week hosted 2.44 million new unemployment claims, CNBC said in a May 21 brief. These numbers, however, fall within range of economist expectations. Within the timeframe surrounding coronavirus, Americans have posted 38.6 million jobless claims to date, CNBC said.  Pompliano expresses reopening need […]

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