Bank of Japan (BoJ), one of Japan’s central banks, has put the development of a central bank digital currency (CBDC) on top priority since July, according to a report in Japan Today. As per the report, members of BoJ hoped to see its digital currencies operate seamlessly during times of natural disasters and especially during...Read More
Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart explores the synthetic asset landscape as well as other notable news in the space. Today, most Decentralized Finance (DeFi) applications look like copies of traditional financial products. You can swap one token for another, borrow or lend...Read More
San Francisco-based venture company Blockchain Capital filed a lawsuit against another similarly named Florida based firm on Thursday for infringement on its trademark. The other company which goes by the name Blockchain Capital. Management LLC (BCM) was owned by one Fareed Iftikhar whose company also operated in the financial services sector. According to case papers...Read More
Decentralized network, Chainlink was under attack by a spammer who targeted select few node operators on Sunday, with the intention of disrupting the network through unnecessary on-chain computation. Chainlink nodes are oracles that allow smart contracts that reside on the Ethereum to interact with external software. Chainlink community member further said in the thread that...Read More
Cryptocurrency exchange Binance announced today the launch of its “centralized” Automated Market Maker (AMM) pool called Binance Liquid Swap, which will have different liquidity pools that will allow liquidity providers to earn interest and income from trading fees. Founder and CEO of Binance, Changpeng Zhao said that he was taking cues from the DeFi trend and...Read More
Brazil Central Bank President, Roberto de Oliveira Campos Neto, announced that plans to have a digital currency by 2022. In an interview with Bloomberg Markets’ Editor, Erik Schatzker, Neto said that Brazil’s central bank digital currency or CBDC will modernize the country’s banking system. According to Neto, Brazil’s central bank leadership in 2019 led to...Read More
Coinbase, the San Francisco based cryptocurrency exchange announced in a blog today that it has now “temporarily” listed Celo under the CGLD ticker symbol, which is also available on the iOS and Android apps of the exchange. Celo (CGLD) is launching at https://t.co/u9kzBrgZWx and in the iOS and Android apps within the next 15 minutes....Read More
In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the public to use for traditional payments as he believed that the majority of the retail public still does not understand the usage of digital currencies. According...Read More
Companies and individuals in Switzerland can now pay taxes up to 100,000 Swiss francs (about $110,000) paid in Bitcoin or Ether. Authorities in Switzerland announced today that it planned to accept premier cryptocurrencies Bitcoin (BTC) and Ether (ETH) for tax payments from February 2021 onwards, according to a report from the Associated Press. The decision...Read More
The California based financial services company, Robinhood Markets Inc faces a civil fraud investigation by the U.S Securities and Exchange Commission over its deals with high-speed trading firms, according to a report in the Wall Street Street Journal. Robinhood allegedly failed to fully disclose its practice of selling clients’ orders to high-speed trading firms, the...Read More
BiLira (TRYB), Turkey’s first stablecoin which is backed by the Turkish fiat currency lira announced on twitter that the token has been listed on the Bittrex Global crypto exchange. The announcement detailed that the ERC-20 token will be available for trading starting from today. Global Bittrex, a U.S based cryptocurrency trading platform, also joined the...Read More
Crypto wallet and gateway to blockchain apps, MetaMask has announced in a tweet that it will soon launch its mobile apps on the App Store as well as Google Play. In case you missed @mattleising’s article, #MetaMaskMobile is coming very soon! Register here to get notified when the app is available in the Apple App...Read More
Coro Global, a Florida-based company that allows customers to exchange, send and save gold as well as U.S. dollars announced the launch of its payment app ‘CORO’ that runs on Hashgraph’s distributed ledger technology. With this move, Coro Global which has a large customer base in the U.S became the first company to formally license...Read More
Roger Ver today announced in his tweet that deadalnix will be forking from Bitcoin Cash on 15 November, 2020. The tweet did not mention the name of the new coin that will be created as a result of the fork, but twitter users were quick to chime in with suggestions like BCASH. Bitcoin ABC and...Read More
Bitcoin and cryptocurrency research development group, Chaincode Labs has hired developer and co-founder of Blockstream, Pieter Wuille, who will now work on protocol improvements to Bitcoin. The coder and engineer posted a tweet in which he said he would continue to collaborate with the research team at Blockstream. Very excited to announce I’m joining Chaincode...Read More
Five months after the project was unveiled, Binance announced the launch of its Binance Smart Chain blockchain today, which enables creation of smart contracts and allows users to stake BNB, Binance’s very own token. The blockchain is compatible with Ethereum Virtual Machine, which may increase the utility of both Binance Chain and the BNB token....Read More
Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over year and quarter over quarter, but Canaan still suffered a net loss. However, the firm’s gross margin expanded significantly last year as well as in the first...Read More
Daemon Technologies, a firm based in Hong Kong, will now drive the adoption of Stacks technology to support cryptocurrency mining communities in Asia according to its launch tweet. Excited to announce my next chapter in the @blockstack and #stacks ecosystem! https://t.co/JRdZPeDwhi — Xan Ditkoff (@XanDitkoff) August 31, 2020 The firm stated that Asian mining communities were...Read More
Yes, Tron’s Justin Sun just named a meme coin after himself CEO of Tron Foundation, Justin Sun announced the launch of $SUN, Tron Network’s first meme coin that will be mined to fund Sun Genesis Mining, a community-driven decentralized (DeFi) potential of TRON that runs on open-source smart contracts. (1/5) I am glad to announce...Read More
Neo, a public blockchain and smart contracts platform announced that it has integrated with the Coinbase-led open-source project Rosetta. Neo integrates with #Rosetta, an open-source project led by Coinbase. We look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.https://t.co/Nl8nF3OW4G — Neo Smart Economy (@Neo_Blockchain) August 28,...Read More
The international energy company, Equinor plans to repurpose gas flaring from U.S oil fields to support Bitcoin (BTC) mining, according to a new report from Arcane, a cryptocurrency market research hub. Arcane Research said that it received screenshots from Equinor’s blog that detailed the company’s plans to use natural gas, instead of flaring it, in...Read More
Circle, a peer-to-peer technology that enables payments in cryptocurrency and San Fransisco based exchange Coinbase announced that they have upgraded the USDC stablecoin protocol and its smart contract. Both Circle and Coinbase are members of the Centre Consortium that manages USDC. Together, the firms aimed to make the payment process easy for people who use...Read More
By Michael Lodder Zero-Knowledge proofs (ZKPs) are an increasingly popular means of enhancing privacy both in identity and cryptocurrency. The initial zero-knowledge proof ideas were first published in the 1980’s which at the time were dismissed as cryptography that wouldn’t go anywhere. Around that time, David Chaum pioneered the idea of enabling zero knowledge electronic...Read More
How batching payments has benefited our customers, internal operations, and the overall Bitcoin network By Brock Miller Earlier this year, Coinbase rolled out Bitcoin transaction batching. Since launching, we have batched 100% of Coinbase Consumer and Coinbase Pro customer send requests for Bitcoin. Over this time, we’ve realized 75.2% savings in transaction fees and have...Read More
According to Ethereum foundation’s official blog, Ethereum 2.0 validator launchpad testnet version officially went live on 27th July 2020. The development and research with regard to Ethereum 2.0 network have been ongoing for many months now and alongside Consensys and DeepWork Studio, the eth2 research team revealed that validators would be able to keep track...Read More
After five years of intense research and development, the Cardano ecosystem has achieved a major milestone. Shelley has arrived. Well, at least in code. According to the roadmap shared by IOHK’s Charles Hoskinson in the past, the Shelley era essentially involves critical early steps in Cardano’s journey towards optimizing decentralization. The announcement by IOHK revealed...Read More
Bitcoin Cash proponents have been introduced to a new project built using the Simple Ledger Protocol (SLP) framework called mistcoin (MIST). The new token is essentially the first mineable implementation of colored coins on Bitcoin Cash. Mist allows participants to mine the SLP tokens “using proof-of-work to help decentralize allocation of newly minted tokens.” It...Read More
By Michael de Hoog Coinbase was launched 8 years ago as a Ruby on Rails app using MongoDB as its primary data store. Today, the primary paved-road language at Coinbase is Golang, but we continue to run and maintain the original Rails monolith, deployed at large scale with data stored across many MongoDB clusters. This blog...Read More
Why Kubernetes is not part of our stack By Drew Rothstein, Director of Engineering TLDR: Container orchestration platforms are complex and amazing technologies, helping some businesses and teams solve a whole suite of problems. What’s commonly overlooked however, is that container technologies also create a large set of challenges that must be overcome to prevent failures....Read More
https://medium.com/media/0e9016a1eb61254843b184b0ef4e123b/href Bitcoin is often called “digital gold” because just like gold, Bitcoin is a valuable, scarce resource that’s resistant to inflation. But unlike gold, Bitcoin is digital — it can be sent globally almost as easily as sending an email — and its scarcity is known — while it’s estimated that one could fit all the gold ever mined into a...Read More
