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Blockchain Bites: Libra’s Future, Elrond’s ‘Trial by Fire’ and LocalBitcoins’ Volume

An unknown wallet holder mistakenly, it seems, sent a $2 million transaction fee on the Ethereum blockchain, Elrond is testing its network in a “trial by fire” and Libra’s Dante Disparte thinks governments entering the stablecoin race is good for Libra. Here’s the story: You’re reading Blockchain Bites, the daily roundup of

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Blockchain Bites: Why UN and Federal Reserve Experts Think CBDCs Could Kill Commercial Banking

U.N. and Federal Reserve experts independently researched central bank digital currencies and found they could effectively compete with the commercial banking system. Meanwhile, New York State and France have entered into a regulatory agreement and Europol is concerned about the bitcoin privacy wallet Wasabi. Here’s the story: You’re reading Blockchain Bites, the daily

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Blockchain Bites: Bitmain’s Shakeup, Bitcoin’s Resilience and Ethereum’s Anonymity

[sociallocker id="55298"] Bitcoin underwent a protocol update to make the network more resilient to state attacks, while researchers separately found Ethereum may be losing its anonymity. Elsewhere, “Crypto Mom” Hester Pierce has been tapped for a second term at the SEC, and an ex-Yang advisor is making crypto a cornerstone to

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Blockchain Bites: Avanti’s Angel Round, Civil’s Closure and a Data Breach

Data BreachCoincheck has fallen victim to a data breach after attackers accessed one of its domain name accounts and used it to impersonate the cryptocurrency exchange. The Japanese firm said Tuesday that an unknown third party gained access to an account it held with domain registration service Onamae.com. An incident notice suggested

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Blockchain Bites: Magic’s Raise, Compound’s Distribution and Trump’s Twitter War

The case for decentralized platforms has never been clearer, as President Donald Trump goes on the offensive against big tech platforms like Twitter and Facebook, said lawyers and technologists surveyed by CryptoX. Meanwhile, decentralized identity service Magic has raised $4 million from heavy-weight investors including Naval Ravikant, SV Angel and

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Blockchain Bites: BlockTower’s Returns, Minecraft Goes Blockchain, ID2020 Shakeup

BlockTower Capital, a digital asset hedge fund, managed to more than double its lifetime return in the first four months of 2020, according to investors and documents reviewed by CryptoX. This news comes a day after Goldman Sachs denounced cryptocurrencies as an investment. Meanwhile, Samsung and Minecraft have rolled out new

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Blockchain Bites: Google Validates Theta, Coinbase and BitGo Eye Crypto Prime Brokerage

Top ShelfBase-Layer TechGoogle is teaming up with Theta Labs to help the video delivery network onboard users through Google Cloud. As part of the partnership, the tech giant is assisting Theta with its Mainnet 2.0 launch, and will become the platform’s fifth validator. Polkadot is now live following the mining of its first “chain

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Blockchain Bites: Facebook’s Calibra Facelift and Tencent’s ‘New Infrastructure’ Investments

We’re happy to be back after a recharging long weekend. Let’s get to the news. India’s central bank has clarified its crypto stance, Tencent is looking to invest in “emerging technologies” including blockchain and Facebook’s digital wallet subsidiary announced a rebranding and new details. You’re reading Blockchain Bites, the daily roundup of

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