Cryptocurrency Analysis and News Portal
Three stories1. Tesla invested $1.5 billion of its cash reserves in bitcoin, according to a U.S. Securities and Exchange Commission annual report. The popular auto manufacturer said bitcoin offers “more flexibility to further diversify and maximize returns on our cash.” The company had more than $19 billion in cash and
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China’s ambitious national blockchain infrastructure initiative, Blockchain Service Network (BSN) will add Casper Network, a proof-of-stake blockchain into both its international and China portals for developers after Casper’s mainnet launch in Q1 2020, CasperLab’s chief executive said today. BSN is one of few government-led and government-owned blockchain networks in the world
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What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the foundation for the cryptocurrency. Since 2008,
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The main challenge companies face when testing and implementing innovative technologies is the need to amend existing legislation. Developing and testing new products based on distributed ledger technology requires special conditions that are often inconsistent with existing regulations.The solution to this problem would be the introduction of a special “regulatory
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Three storiesThe big news of today, in context.1. The crypto-bank connection is strengthening. Seattle-based Protego Trust Bank has received conditional approval for a trust charter from the Office of the Comptroller of the Currency (OCC) to custody digital assets.Protego is the second applicant to receive conditional approval from the OCC
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Welcome to Money Reimagined.A snowy week has left New Yorkers chilly. But ether investors must be feeling cosy. Ethereum’s native token has risen more than 25% on the week to clock new record highs and far outpace bitcoin’s gain, while Ethereum-centric decentralized finance (DeFi) data showed new records for total
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Face-to-face transactions are starting to seem quaintly archaic as many countries continue or even expand lockdowns due to the ongoing COVID-19 pandemic. Since the start of the crisis in early 2020, digital transactions have surged, particularly in e-commerce and digital banking. In contrast with face-to-face transactions, such as a direct
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Three stories1. Qualified investors are plowing money into cryptocurrency-focused investment funds. Yesterday, macro trader Dan Tapiero, most known for his DTAP Capital fund and eye for gold, announced a new $200 million fund called 10T Holdings that will make bids on crypto startups.CrossTower, a Bermuda-based capital markets firm, is launching
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Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, only supports permissioned enterprise blockchains.Thus, the Cosmos integrated to the Chinese-only BSN is an Open Permissioned Blockchain, or OPB,
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This is the third article in a special Forkast.News series on blockchain, Covid-19 and the future of healthcare. To learn more about this series, please see its prologue, Part 1, and Part 2. —————————————————————————— New strains of Covid-19, tighter lockdowns and the spread of more contagious forms of the virus have all
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