Monthly Archives: January 2020

With Strike, Zap Rethinks Its Olympus Fiat-to-Bitcoin Feature

The Zap Lightning Network wallet’s Olympus feature is almost ready for launch — well, sort of.  The much-anticipated addition to Zap’s services, which would allow the wallet’s users to buy bitcoin via Lightning with USD for direct deposit into their Zap wallets, is being rolled out in a new form.  “Strike,â€� as it’s now being called, serves the same function that Olympus was supposed to, but through different means. With Olympus, Zap users would have a Lightning Network payment channel “pushedâ€� to them with whatever amount of […]

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Mercedes Will Use Blockchain to Track Carbon Emissions in Cobalt Supply Chain

Mercedes Benz and Circulor are jointly launching a blockchain pilot to bring transparency in carbon emissions in the cobalt supply chain. Major car manufacturer Mercedes Benz and blockchain startup Circulor are jointly rolling out a pilot aimed at the tracing carbon emissions in the cobalt supply chain. According to a Jan. 30 press release, the project by Mercedes and Circulor comes as part of the Startup Autobahn initiative, aimed at identifying next-generation automobiles. The companies will deploy blockchain to trace the emissions of climate-relevant gases and the […]

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Swiss Resort Town Zermatt Accepts Bitcoin for Government Services

Zermatt, a municipality in Switzerland at the foot of the Matterhorn known for its ski resort, has started accepting bitcoin for government services. The Zermatt town hall now has a point-of-sale solution, installed by Zug-based Bitcoin Suisse, to accept the cryptocurrency. A spokesperson for the municipality has shared more details with news.Bitcoin.com. Also read: Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax Swiss Municipality Accepts Bitcoin The Swiss municipality of Zermatt now accepts bitcoin in collaboration with Zug-based crypto financial services […]

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What Does Twitter’s New Decentralized Initiative Mean?

Decentralized social media is not so distant future as it might sound, meanwhile, there are serious obstacles that need to be solved before it becomes our present. Back in December 2019, Jack Dorsey, the founder and CEO of Twitter and payments operator Square, announced a new team dubbed Bluesky, to work on decentralized social media standards. The news has gotten both the crypto and noncrypto communities abuzz — and for good reason. Mr. Dorsey has not only spoken in favor of decentralized protocols but (as proven by […]

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Coinbase Custody and Bison Trails to Lobby Staking Adoption

Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, an organization lobbying for better tax and regulatory treatment of staking rewards. Coinbase Custody and Bison Trails have joined the ranks of the Proof of Stake Alliance (POSA), a Jan. 30 press release announced. Together with the alliance, they will advocate for the adoption of clear regulations on staking proceeds, as well as other development initiatives. The Proof of Stake Alliance is an advocacy group founded in 2019 and featuring more than 18 members. It […]

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As the WEF Warms Up to Crypto, Its Head of Blockchain Talks Empowerment

Cointelegraph talked to the WEF’s head of blockchain several months before the 50th edition of the event. The 50th World Economic Forum is over, and Cointelegraph was happy to cover the most important highlights from the event and reflect on the role of crypto in Davos discussions.  The person who knows more than anyone about the potential that our favorite technology could have on the WEF community is its head of blockchain and decentralized ledgers. Sheila Warren joined the WEF team in 2018, several months before the […]

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Bittrex Secures $300 Million Insurance for Cryptocurrencies in Cold Storage

Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyd’s of London after working with major insurance broker and adviser Marsh. The co-leader of Marsh’s digital asset risk transfer team, Sarah Downey, […]

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Former Coinbase COO Joins Figure, Creator of the Provenance Blockchain Platform

Former Coinbase COO Asiff Hirji will be leading the expansion efforts of Figure, a financial services company using blockchain to replace paper documents. Asiff Hirji has joined Figure, a U.S. lending company utilizing blockchain to process the loans, a Jan. 30 press release revealed. Hirji will be company’s new president, having previously served as president and COO of Coinbase and other financial services companies. During Hirji’s two year tenure at Coinbase, he is credited with growing the company to over $1 billion in revenue and overseeing the […]

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Bank of Japan Must Be Ready to Issue Digital Currency, Says Exec

The deputy governor of the Bank of Japan has said the institution must be ready to issue a CBDC should public demand surge in response to technical developments. The deputy governor of the Bank of Japan has said the institution must be ready to issue a central bank digital currency (CBDC) should public demand surge in response to technical developments. In a strong statement of a future-oriented vision for the bank, Masayoshi Amamiya told attendees at a seminar — as per a Reuters report on Jan. 30 […]

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Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban

Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including a crypto-to-crypto exchange and a way for users to earn passive income. Also read: Hearing Concluded — Indian Supreme Court Reserves Judgment on Crypto vs RBI Case Zebpay Returning to India Zebpay, formerly one of the largest cryptocurrency […]

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