Blockchain Association will discuss with the Biden administration the development of the cryptocurrency industry

Cryptocurrency NewsBy 08/03/2021

The Blockchain Association, an American advocacy group, will discuss with the administration of US President Joe Biden the possibility of creating favorable conditions for the development of the cryptocurrency industry in the country. The Blockchain Association includes cryptocurrency exchanges Circle, Binance.US, Kraken and investment company Grayscale. Blockchain Association Executive Director Kristin Smith announced meetings with senior White House politicians, including US Treasury Secretary Janet Yellen, candidate for deputy secretary and former BlackRock chief Wally Adeyemo,…

Ethereum Developers included EIP with “burning fees” in July hardfork London

Cryptocurrency NewsBy 08/03/2021

Ethereum developers have decided to include EIP 1559 in the London hard fork scheduled for July. EIP 1559 implies burning ETH when paying commissions. Based on the results of the last meeting of Ethereum developers, it was decided to include EIP 1559 in the London hard fork in July this year, despite the dissatisfaction of the miners. Five more EIPs could also be included in the update. EIP 1559 will greatly change the transaction –…

Ripple is testing closed version of XRP Ledger for issuing government cryptocurrencies

Cryptocurrency NewsBy 05/03/2021

Ripple is testing a closed version of the blockchain that will provide central banks with a secure, controlled and flexible solution for issuing and managing government cryptocurrencies. According to an article on Ripple’s blog, the company is testing a new proprietary version of the XRP Ledger, which is specifically designed to issue government cryptocurrencies. According to the company, this is a “revolutionary solution” based on the same technology as the original blockchain. CBDC Private Ledger…

Meerkat Finance project on Binance Smart Chain closed one day after launch

Cryptocurrency NewsBy 05/03/2021

The Meerkat Finance decentralized finance project on the Binance Smart Chain blockchain reported the theft of $ 31 million worth of crypto assets. There are suspicions that the organizers of the project could have stolen them. The startup closed just a day after launch. The Meerkat Finance team reported in Telegram that a hacker attack was carried out on the vault, during which about 13 million BUSD and 73,000 BNB were stolen for a total…

Tata Power Uses Power Ledger Blockchain To Sell Solar Energy

Cryptocurrency NewsBy 04/03/2021

Indian energy company Tata Power DDL and India Smart Grid Forum (ISGF) are working with Power Ledger to test a blockchain-based platform for selling solar energy. Tata Power DDL serves over 7 million residents of North Delhi. The firm is a joint venture between Indian energy giant Tata Power and the National Capital Territory of Delhi. ISGF is a think tank that includes many of India’s ministries, utilities, technology providers and researchers. The pilot project…

Banco de Bogotá will start conducting cryptocurrency transactions

Cryptocurrency NewsBy 04/03/2021

Banco de Bogotá, one of the oldest Colombian banks, will participate in a pilot cryptocurrency project under the control of the Colombian Financial Authority. The management of Banco de Bogotá announced that testing of the project will begin this month, and certain clients of the bank will become its participants, who will carry out cryptocurrency transactions in a limited volume. Banco de Bogotá customers will have the opportunity to purchase cryptocurrencies for Colombian pesos and…

Litecoin Creator compared the NFT market to the 2017 ICO boom

Cryptocurrency NewsBy 03/03/2021

Litecoin creator Charlie Lee criticized the non-fungible token (NFT) industry, comparing it to the ICO boom in 2017. Lee believes the surge in NFT’s popularity has a lot to do with the ICO mania in 2017 and even the altcoin craze in 2013. According to Lee, the similarity of NFT, ICO and numerous forks of 2013 lies in the absence of barriers to their creation, and all this is aimed at massively attracting people to…

Chinese lawmakers will discuss the further development of the digital yuan

Cryptocurrency NewsBy 03/03/2021

At the annual meeting in Beijing, Chinese legislators will discuss the possibilities of the digital yuan, as well as its further testing and use cases. The meeting will be organized by the People’s Political Consultative Council of the People’s Republic of China (CPPCC) and the National People’s Congress of China (NPC). More than 5,000 local politicians will take part in the discussion, during which the priority tasks of the state for the year will be…

Chinese BSN platform will add support for the TON protocol

Cryptocurrency NewsBy 02/03/2021

The Chinese government platform Blockchain Service Network (BSN) has announced a partnership with TON Labs to develop applications based on the TON protocol. TON Labs will provide BSN developers with access to the Free TON blockchain, created on the basis of Telegram developments, which will allow creating various applications based on TON technology. The protocol will be adapted in accordance with the requirements of Chinese law, and will be integrated with BSN as an open…

OLB Group added support for cryptocurrency payments for 8,500 US merchants

Cryptocurrency NewsBy 02/03/2021

New York-based e-commerce provider OLB Group has added support for BTC, ETH, USDC and DAI payments for 8,500 US merchants through the OmniSoft business management platform. According to the company, customers wishing to pay with cryptocurrency in-store or with a mobile phone can make payments in BTC, ETH, USDC and DAI through their cryptocurrency wallet. All payments are processed through SecurePay, a payment gateway that authenticates the transaction, converts the cryptocurrency into USD and confirms…

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