Jerome Powell, chairman of the US Federal Reserve System (Fed), agreed that some global cryptocurrency could eliminate the need for reserve currencies, the main one being the US dollar. He stated this at a hearing in the Banking Committee of the US Senate. “It is possible, but in reality we do not see mass adoption. Bitcoin is a good example. Almost nobody […]
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The complexity of the extraction of the first cryptocurrency has reached an absolute historical maximum at around 9.06 trillion. Thus, when recalculating, the growth was 14%. It happened on July 9th. At that moment, the hashrate was slightly below the historical record reached earlier, at 69.3 EH / s. At the time of writing, the aggregate computing power in the Bitcoin network has decreased to 58.1 EH / s, reflecting the price movement of the asset. […]
The US Securities and Exchange Commission (SEC) approved the distribution of 187 million Props tokens between content creators and YouNow streaming platform users for internal activity in order to influence their degree of involvement. This decision was made by the department in accordance with the established provision "A +", according to TechCrunch. So, tokens will allow people to form a reputation, earn Bars domestic currency for […]
Venture firm IDEO CoLab has launched a business accelerator for entrepreneurs and startups in the blockchain industry Startup Studio. The initiative has already been supported by the investment company Fidelity Investments, consulting giant Deloitte, Amazon and 20 other organizations. It was a start-up studio that […]
As part of the e-voting experiment to be held at the elections of deputies of the Moscow City Council of the seventh convocation in the fall, the accounting of ballots will be transferred to the blockchain system. Today, July 11, the system is tested by students of Moscow universities. This was stated by Deputy Head of the Information Technology Department of Moscow Artem Kostyrko, reports TASS. “The key difference of our electronic voting system from all others is that the human voice […]
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 […]
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 New York State Attorney General’s Office (NYAG) has again filed accusations against the Bitfinex cryptocurrency exchange and Tether. This time, the agency saw signs of unregistered securities in UNUS SED LEO tokens. It is reported by CoinDesk. “The recent“ initial exchange offer ”has signs of issuing securities that are subject to Martin law. There is reason to believe that the release of LEO tokens […]
The platform for instant exchange of cryptocurrency ShapeShift, the launch of which took place five years ago, introduced a new version of its platform, designed to be a comprehensive solution for managing cryptocurrency capital. Five years ago the ShapeShift has been launched to the world … today the new ShapeShift emerges into open beta. "Building a Bridge to Financial Sovereignty by Erik Voorhees" https://t.co/VaIQKCtDpW #bitcoin #ethereum […]
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 […]