Category Archives: Cryptocurrency News

Boston Fed and MIT will study 30 blockchains to deploy the digital dollar.

Boston’s Federal Reserve Bank will study 30 blockchains for a digital dollar development initiative. The study is being conducted in collaboration with the MIT Digital Currency Initiative. Earlier this month, the Boston Federal Reserve Bank said it is actively testing the digital dollar, a tokenized version of the US dollar, in partnership with the Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI). The collaboration builds on previous research and aims to explore how the…

Power Ledger Announces Launch of Blockchain Platform for Renewable Energy Trading

Australian company Power Ledger has announced the imminent launch of a blockchain platform for renewable energy trading in Thailand and Southeast Asia. The platform is based on joint developments with the Thai renewable energy firm BCPG. One of the earliest Power Ledger and BCPG projects was tested back in 2018, when the firms conducted a pilot green energy sale in the central Bangkok region. Power Ledger continued to work with BCPG and later was joined…

Apptopia: Mobile Cryptocurrency Trading Grows 81% YoY

Cryptocurrency trading via mobile apps grew 81% compared to August last year. The most popular mobile apps are Coinbase, Blockchain Wallet and Binance. According to the latest report from Apptopia, cryptocurrency trading via mobile apps is becoming more popular, with each new month surpassing the previous one in terms of active users and new signups. Among the most popular mobile cryptocurrency trading apps are Coinbase, Blockchain Wallet, and Binance. According to Apptopia, on August 20,…

BIS report: “Interest in government cryptocurrencies has exceeded interest in Bitcoin and Libra”

According to a new report from the Bank for International Settlements (BIS), in 2020, interest in the Central Bank’s cryptocurrencies has become higher than in Bitcoin and the Libra project. In a new working paper, BIS analyzes the global state of research and development of government cryptocurrencies, technical approaches and government attitudes towards this initiative. The comprehensive study draws on more than 16,000 presentations from central bank officials in recent years and evaluates the existing…

Kadena blockchain throughput reaches 480,000 transactions per second

The Kadena blockchain, developed by former JPMorgan employees, has reached 480,000 transactions per second, increasing the number of forked chains on the network to twenty. The developers of the Kadena blockchain have doubled the network throughput to 480,000 transactions per second. In comparison, Ethereum 1.x processes about 14 transactions per second. The Kadena blockchain relies on the same proof of work (PoW) mechanism as Ethereum. However, the Kadena developers said they have solved the scaling…

First BTC transaction with automated reporting conducted in Switzerland

Three Swiss cryptocurrency firms successfully completed the first BTC transaction with automated reporting. The transaction complies with anti-money laundering (AML) regulations. The participants in the deal were Crypto Finance AG and 21 Analytics from Zug, as well as Mt Pelerin from Geneva. 21 Analytics CEO Lucas Betschart reported that the Bitcoin transaction between Crypto Finance and Mt Pelerin was the equivalent of $ 23. To carry out the transfer, the Travel Rule Protocol (TRP) solution…

Ontology, Neo and Switcheo Launch Poly Network Interconnection Platform

Ontology, Neo and Switcheo have announced the launch of the Poly Network, which will provide inter-network interoperability and hosting of multi-blockchain compatible dApps. According to the developers, Poly Network will provide transparent and efficient interaction between blockchains. Businesses using different systems will be able to connect to the Poly Network and collaborate and interact with each other through an open and transparent access mechanism. Ontology co-founder Andy Ji said the Poly Network will provide unprecedented…

China tests digital yuan payments for large commercial transactions

The China Digital Currency Electronic Payment System (DCEP) has entered the testing phase of large commercial transactions and is close to its official launch. Following the first large-scale testing of China’s Digital Currency Electronic Payment System (DCEP) in Shenzhen, China’s Ministry of Commerce announced that it is expanding DCEP testing to more cities. The system will also be tested in the processing of large commercial transactions, including payments in the hospitality industry and e-commerce. The…

ASIC miner makers return to developing chips for AI

The largest manufacturers of ASIC miners have returned to the idea of ​​producing chips for artificial intelligence (AI) due to the decline in mining profits. According to a report by analyst firm TokenInsight, the change in market dynamics has forced the three largest manufacturers of mining devices – Bitmain, Ebang and Canaan – to shift the focus from ASIC miners to chips for AI in the long term. Research and development of microcircuits is the…

Tether to Launch USDT Stablecoin on OMG Network

Tether has announced the launch of USDT stablecoin on the OMG Network, a tier 2 scaling solution for the Ethereum blockchain. As reported by Tether, thanks to the OMG Network, USDT holders will pay fewer fees, and the time to confirm token transactions will be reduced without compromising security. Tether CTO Paolo Ardoino said that making USDT transactions on the OMG Network will reduce costs, improve network performance and reduce the load on the underlying…