Financial company Power Finance plans to launch a digital version of the Power Dollar, which will be powered by distributed ledger technology (DLT). Power Finance is led by Dave Corbett, partner at audit and consulting firm PwC. He said the Power Dollar will be developed without the participation of the New Zealand government and will be similar to the USDT stablecoin. The Power Dollar will be pegged to the NZ dollar at a 1: 1

Cryptocurrency exchange Gate.io has released the Wallet S1 hardware wallet. This is the first such device developed by a marketplace. Wallet S1 is equipped with a fingerprint sensor – the user does not need to come up with and enter complex passwords, just put his finger to verify the transaction. Also, thanks to the fingerprint scanner, the hardware wallet is protected from a brute-force attack. The device supports over 10,000 different digital assets including BTC,

Updates to improve the privacy and scalability of the Bitcoin network – Taproot and Schnorr signatures – are embedded in the Bitcoin Core code. The mechanism for activating updates has not yet been determined. The privacy and scaling updates of Taproot and Schnorr signatures have been rolled out to Bitcoin Core today, according to version history on GitHub. Once the updates are activated, more complex types of transactions will become easier to use and the

The Algorand Foundation has launched the Algorand Europe Accelerator program, under which it will provide grants to startups and application developers on the Algorand blockchain. As the name suggests, the program is intended for European companies. The foundation is already accepting applications for a grant, and in general the program will last 12 weeks. Grant funding was provided by Eterna Capital and Borderless Capital. Companies entering the program will receive $ 15,000 each, and the

Bloq, led by Jeff Garzik, is releasing a new product for investing in decentralized finance (DeFi) projects through cryptoasset staking. Bloq’s new platform, Vesper, is marketed as an easy-to-use tool for DeFi products. Through Vesper, users will be able to block ETH, wBTC or USDC for staking from mid-November using one of the “storage pools”. Bloq co-founder, former Bitcoin Core developer Jeff Garzik, said that after depositing cryptoassets, users can choose the level of staking

Ethereum Foundation developer Christoph Burgdorf has introduced a new programming language called “Fe” for creating smart contracts. Most Ethereum applications today are written in the Solidity language. Providing developers with a wider choice of languages ​​will help develop the Ethereum ecosystem more efficiently. Fe is a reworked version of the Vyper language that is used to work with the Ethereum Virtual Machine (EVM). Therefore, at the initial stage, the differences between Fe and Vyper will

Coinbase officials said Jeff Horowitz, head of corporate governance at Coinbase, is leaving his post. The reasons for his departure are unknown. Horowitz began his career at Lehman Brothers and Citigroup and took up a senior position at Coinbase in 2018. According to the exchange staff, he made a huge contribution to the establishment and improvement of procedures aimed at combating money laundering and customer identification. Horowitz has also helped Coinbase comply with the Financial

Ethereum 2.0 developers have successfully launched the Zinken testnet and tested the creation of the ETH 2.0 genesis block. Zinken launched after a failed deployment of the Spadina testnet. According to the developer of Ethereum 2.0. Danny Ryan, today’s launch of the Zinken testnet went smoothly. Zinken is the latest planned “dress rehearsal” for ETH 2.0 testing to create a Genesis Block – the first block in a new chain before the Proof-of-Stake network goes

Blockchain will boost the global economy by $ 1.76 trillion over the next decade, with the greatest economic impact going to be seen in Asia, according to a new report from consultancy PwC. PwC economists predict that a tipping point will come in 2025 if blockchain is widely deployed around the world. In addition, blockchain applications are expected to drive global gross domestic product (GDP) growth of $ 1.76 trillion (1.4%) by 2030. Blockchain will

Crypto ATM operator LibertyX stated that devices with the BTC purchase function appeared at three Tesla enterprises. However, Elon Musk doubted this information. Fold payments platform CEO Will Reeves tweeted Saturday that Tesla’s gigafactory has a cryptomat. However, Tesla CEO Elon Musk questioned this statement. “I think this is inaccurate information,” Musk tweeted. Soon, the ATM operator, LibertyX, confirmed the launch of three ATMs at three Tesla gigafactories in the United States. The confusion seems