Following a request for input on how crypto and banking can work together, new acting Comptroller of the Currency Brian Brooks talks first priorities in work with the industry. In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms Continue Reading
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Revolut Reportedly Fires Dozens of Employees for Coronavirus Cost-Saving Reasons
European startup Revolut reportedly asked employees to leave as part of a cost-cutting effort amid difficult times. In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired. “Some of the employees allegedly pressured to leave have been left Continue Reading
Patoshi Researcher: ‘Satoshi won’t use his coins ever’
Renowned researcher believes that Satoshi was altruistic and thus will never spend his 1.1 Bitcoins, making it the fairest asset. The researcher who identified 1.1 million Bitcoins (BTC) that Satoshi Nakamoto mined, said that his research makes him believe that Satoshi was altruistic and will never spend his coins. Sergio Continue Reading
Crypto Integration Brings Thousands of New Users to Popular Chat App
The 100k user milestone represents 2% of Kakao’s current user base in South Korea. South Korean company, Kakao, announced that its new crypto wallet function surpassed 100,000 users in less than a day in its chat app, KakaoTalk. The feature went live on June 3. According to the internet giant, Continue Reading
A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC
Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the Continue Reading
Coronavirus Lockdown Boosts Bitcoin Trading in Russia
COVID-19 pandemic seems to be one of the drivers behind the recent sharp increase in Bitcoin trading volume across Russia. On June 4, a new study performed by a number of Russia-based crypto exchanges revealed a significant rise in Bitcoin (BTC) trading across Russia since March amid the COVID-19 lockdown. Continue Reading
Fed Chair Teases Use of Ethereum-Based Interest Reference Rates
U.S. Fed Chair Jerome Powell said an Ethereum-based interest reference rate works, but maybe not for everyone. In a May 28 letter to Senator Tom Cotton (R-AR), Jerome Powell, Chairman of the U.S. Federal Reserve, described an interest reference rate based on the Ethereum blockchain, called Ameribor, as effective for Continue Reading
Both NXT and Algorand Claim to Have Developed First Proof-of-Stake Chain
Algorand claims in its promotional materials to be the first PoS blockchain, but NXT lead developer says his project was first. Cryptocurrency Algorand (ALGO) claims in its promotional materials to be the first proof-of-stake, or PoS, blockchain, but NXT lead developer Lior Yaffe claimed that his project was first. In Continue Reading
What’s Happening in Crypto Markets Right Now? Join Live TA From Big Cheds & Korean Jew Trading
Wondering what’s happening in crypto markets right now? Join live TA with traders Big Cheds and Korean Jew Trading. Welcome one and welcome all to this week’s Crypto Markets Live show featuring traders Big Cheds and Korean Jew Trading. Click the link to head over to the YouTube chatroom for Continue Reading
Ethereum Community Debates Raising the Block Size Limit, Once Again
The Ethereum network has become highly congested since the end of April, leading some to entertain a gas limit or block size increase. Continuing congestion on the Ethereum (ETH) network has led some developers and community members to call for increasing the gas limit, which defines its transaction throughput. Data Continue Reading
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