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Jerome Powell, chairman of the United States Federal Reserve System (FRS), believes that the Libra Facebook project to create its own digital currency cannot be launched until the world's largest social network answers the “questions of concern to everyone”. Reported by Reuters. Speaking on Wednesday to the US House of Representatives Financial Services Committee, Powell specifically stated: “Libra […]

South Korean giant LG Electronics is presumably working to create a cryptocurrency wallet, as evidenced by the application on the website of the United States Patent and Trademark Office. The application states that the corporation registers the ThinQ Wallet trademark, which involves several usage scenarios, including a “software computer platform for the blockchain”, a “mobile electronic wallet for cryptocurrencies” and a “payment application for mobile phones”. Remarkably, […]

Representatives of the South Korean technology giant Kakao said that their new blockchain, Klaytn, is 15 times faster than Ethereum, reports The Korea Herald. Also during a press conference in Seoul, blockchain-unit GroundX reported that Klaytn is capable of processing 300 transactions per second. At the same time, the capacity of Ethereum is limited to only 20 transactions per second. The head of GroundX, Han Jae Sung, stated […]

The US rating agency Weiss Ratings first assigned Bitcoin a grade of A-, stressing that at the moment the potential benefits of investing in the first cryptocurrency exceed the risks, its technology is updated, and the network is stable, reports ForkLog.Media. “Bitcoin has come a long way from C + in January 2018 to today. Then the investment risks were extremely high, ”the agency stressed. Representatives of the organization […]

In an attempt to tackle the lack of privacy Ethereum, developer Kendrick Tan developed a mixing service for the second most capitalized cryptocurrency. The basis of its development called Heiswap formed the basic specifications for such a service, described by Vitalik Buterin in May of this year. The mixer itself is available in the Ropsten test network at heiswap.exchange, and as the founder of Ethereum has already noted, this is […]