Europe could lead the world in developing the Internet of Things (IoT) by harnessing the potential of stablecoins, the Digital Euro Association argues in a new report. Machine-to-machine (M2M) payment is a field poised for growth, and stablecoins, in particular, offer advantages for it, the report says. There are growing use cases for M2M micropayments in industrial and home or office…
The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed dissatisfaction with the technology being referred to as a rollup,…
The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed dissatisfaction with the technology being referred to as a rollup,…
The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally be behind us. The decentralized stablecoin space has only proved effective with ETH, USDC and BTC backed stablecoins. The failure of…
The U.S. Trustee in FTX’s bankruptcy case pushed back against a recent court order by Judge John Dorsey Monday, filing an appeal against the judge’s decision not to appoint an independent examiner to look into the bankrupt exchange’s collapse. Previously, a motion made by the U.S. Trustee—who was selected by the Department of Justice to maintain the integrity of FTX’s…
The Shanghai upgrade is a set of changes to the Ethereum protocol that will allow users to unstake, or withdraw, their staked ether (ETH). Before the Shanghai upgrade, any ETH dedicated to staking remained locked within the Ethereum blockchain. The Shanghai upgrade will include a change to the Ethereum protocol that allows this staked ETH to be unlocked for the…
The Shanghai upgrade is a set of changes to the Ethereum protocol that will allow users to unstake, or withdraw, their staked ether (ETH). Before the Shanghai upgrade, any ETH dedicated to staking remained locked within the Ethereum blockchain. The Shanghai upgrade will include a change to the Ethereum protocol that allows this staked ETH to be unlocked for the…
Calling the crypto industry a roller coaster would be an understatement. From unbelievable highs to incredible lows, it takes a strong stomach and thick skin to stay in the game. For Omer Amsel, Head of Web3 at Fireblocks, that rollercoaster is what drives the space forward. “You have your bull markets, bear markets, and then bull markets,” Amsel told Decrypt…
press release PRESS RELEASE. London – Alvey Chain, a decentralized Layer 2 Blockchain built on Ethereum Chain, also a leading provider of blockchain technology solutions, is proud to announce the launch of its next-generation Virtual Reality Multiverse Exchange. The new platform offers a secure, reliable, and scalable solution for users. They can trade, open as many as 50 charts, use…
Another day, another SEC crypto crackdown case. Today, the U.S. regulator announced emergency action against investment adviser BKCoin Management in connection with an alleged fraud scheme. The SEC alleged on Monday that Miami-based BKCoin Management raised $100 million from at least 55 investors to plug into cryptocurrency—but instead used it to splash on luxury items and make “Ponzi-like payments.” One…
