Cryptocurrency - news

The creator of Ordinals proposes a new fungible token protocol to replace BRC-20, designing it to be much more efficient with blockspace and more secure.

As the world of cryptocurrency continues to expand, Bitcoin remains the most well-known and extensively used digital currency. It has established itself as a valuable store of value and a potential inflation hedge. However, many fans and investors are wondering whether Bitcoin can transition from being solely a store of wealth to a mainstream form of payment in 2024 and beyond. The Evolution of Bitcoin: From Digital Gold to Digital CashSatoshi Nakamoto, the enigmatic developer of Bitcoin, envisioned it as a peer-to-peer electronic payment system. It has undergone considerable changes over the years, with many now perceiving it as digital gold or a long-term store of value rather than a medium of exchange for everyday transactions.The limits of Bitcoin's blockchain technology contributed to the shift from a digital currency system to a digital gold narrative. Because of scalability concerns and transaction fees, the Bitcoin network was less viable for modest, everyday transactions when [...]

Ripple's newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government.

The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.

The company behind the XRP Ledger crypto wallet, Xumm, unveiled its plans to launch an “Infrastructure Overhaul” for the network. The company claims the upgrade will push the XRPL to the next level. According to an official announcement shared with Bitcoinist: This isn’t just a technical upgrade; it’s a strategic move to reshape the very foundation of the XRPL, ensuring a sustainable, efficient, and inclusive future for all participants. Related Reading: XRP Price Prediction – Will Recent Correction Trend Push XRP Under $0.50? XRP Ledger Upgrade Goes Beyond? Implications For The Network Xumm believes the XRP Ledger has an “advanced” infrastructure, but they aim to address some key issues impacting “flexibility” and performance. The company believes that with its present capabilities, the network has difficulty processing transactions and fetching historical data. In the long run, these issues could affect the ledger’s capacity to onboard new users and use cases. Xumm’s new update is [...]

The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings.

MoneyGram International, Inc. has announced plans to launch a non-custodial digital wallet. Slated for release in the first quarter of 2024, this wallet aims to enhance cross-border payments. It offers consumers a bridge between fiat and digital currencies.This announcement came during MoneyGram's Chief Executive Officer, Alex Holmes', presentation at the Stellar Development Foundation annual Meridian conference.MoneyGram Eyes Blockchain TechnologyHolmes stated: "The MoneyGram non-custodial digital wallet advances this mission even further. We're thrilled to have the vision, strategic plans, innovative technology and expansive retail network in place to continue offering consumers access to the digital economy." "As a global fintech, the work we're doing on the blockchain is one of the many ways we're thinking differently about how MoneyGram's services can play a broader role in the lives of consumers globally. We're excited to continue to share more in the coming months."Building [...]

After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well.

An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.

Being fully aware of both the strengths and weaknesses of bots can help traders leverage them with optimal success.

Taiwan's Financial Supervisory Commission (FSC) has introduced a set of stringent rules, effectively banning unregistered foreign cryptocurrency exchanges from operating within the country. This action occurs as part of Taiwan's commitment to enhancing investor protection and promoting responsible practices within the crypto industry.The FSC has outlined key measures to regulate the cryptocurrency market within its borders. These guidelines, released on September 26, specifically target virtual asset service providers (VASPs) operating in Taiwan. The rules include industry-standard practices such as segregating the exchange's treasury assets from customer assets and establishing mechanisms for listing and delisting crypto assets.Notably, the FSC has imposed strict restrictions on foreign VASPs, preventing them from offering their services in Taiwan unless they have received the necessary approvals and registrations from the regulatory authorities. "Overseas virtual asset platform [...]

Coin Fam????????☀️ In the last article we teased VESA being in Switzerland, and how the country is advancing leaps and bounds in the eyes of the international crypto community, but today we will give you the lowdown on what the Swiss Web3 Fest was all about and who are the people in the ecosystem behind it. To preface why the following is important, it’s good to mention something. VESA has been working with a bunch of people, from big to small companies and beyond, and what is quite frightening is the ratio of competent people even in big organisations, who have their shit together. It is  R A R E. So, let’s get to it.The Crypto Oasis founders (from left) Saqr, Ralf, and Faisal with us at the Art In Space gallery in Dubai earlier From Crypto Oasis to Crypto Valley and back ???? If you have been connected to the crypto scene in Dubai at all, you must have heard of Crypto Oasis. The spearhead pack is the fastest growing crypto ecosystem in the world, but not everyone knows of their [...]