on the blockchain
Bitcoin is no longer the money-laundering currency of choice
Now, it’s the in-game digital currency of Fortnite called V-Bucks. | learn more
Tag: currency
on the blockchain
Almost $500k of Ethereum Classic stolen by forking its blockchain
The news is interesting, and what’s maybe even more interesting is that the price of the cryptocurrency hasn’t collapsed since. “The heist was the result of carrying out what’s known as a rollback attack, which allowed the attackers to reorganize […]
on the blockchain
Stablecoin project Basis is shutting down.
They had raised $133MM. They’re returning the majority of capital raised to investors who included Bain Capital Ventures, GV, Andreessen Horowitz, Lightspeed Ventures. | learn more
on the blockchain
Charter currencies.
“Today, your citizenship determines the currency you hold, earn, and spend. … But now, there’s a glimmer of a new paradigm. A paradigm of competitive monetary policies, where individuals can exercise autonomy and choose their currency — or currencies.” | learn more
on the blockchain
The promise of the Lightning Network.
Bitcoin in its current state is a lousy currency. Transactions are expensive and slow. The Lightning Network would allow for increased transaction volume at lower costs, but its adoption isn’t guaranteed and its development will take more time. | learn more
tech, startups, internet
China’s central bank testing a digital currency.
“A digital fiat currency—one backed by the central bank and with the same legal status as a banknote—would lower the cost of financial transactions, thereby helping to make financial services more widely available. This could be especially significant in China, […]