Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up
Ray Schuetz
Ray Schuetz received a Masters Degree in computer science from The University of Texas (Austin). Ray has been working as a full-time blockchain consultant for the past 3 years. In his spare time, Ray enjoys writing for EthereumCryptocurrency.com and other crypto news publications.
Arweave, a blockchain network meant for the permanent storage of data, has released a completely new approach to smart contracts. In short, smart contracts on Arweave, much like must of the code on websites today, will be run by users’ computers rather than the blockchain itself. Released Thursday, SmartWeave is an approach to smart contracts
Ethereum (ETH) continues to gather pace after an impressive start to the year. The second-largest cryptocurrency by market cap has already risen to a two-month high of $165 after a 13% rally this week. Over the past month, the cryptocurrency has rallied by more than 35% and is showing no signs of slowing down. Ethereum
Tether has launched a new stablecoin backed by physical gold reserves called Tether Gold (XAU₮), according to a press release published on January 23. One coin will be equal to one troy fine ounce of physical gold, currently worth approximately US$1,550. Tether Gold is available as a TRC20 token on the TRON blockchain as well
Decentralized blogging is coming to a URL near you thanks to a partnership between Unstoppable Domains and Protocol Labs. Launched Thursday, San Francisco blockchain firm Unstoppable Domains has released its decentralized blog (dBlog) service hosted on Protocol Lab’s InterPlanetary File System (IPFS), complete with the .crypto domain. “No one can take it down,” Unstoppable Domains
Craig Wright, the self-professed creator of Bitcoin (BTC), has been accused of abusing attorney-client privilege in order to block documents from being used as evidence in the ongoing trial against him. Australian computer scientist and businessman Craig Wright is being sued by the family of his deceased business partner Dave Kleiman for US$10 billion in
Former Ethereum developer Virgil Griffith has pleaded not guilty to conspiracy charges filed against him by the US Attorney’s office in relation to a speech he gave at a blockchain conference in North Korea in April 2019. Griffith was arrested on Thanksgiving at Los Angeles International Airport after the FBI alleged that he breached the
The problem with paying gas to run transactions is that it discourages lots of transactions. The advantage of paying gas to run transactions, though, is that it discourages lots of transactions. This contradiction is captured well in a new paper examining transactions on EOS, Tezos and XRP Ledger (XRPL) over a seven-month period ending in
Key Highlights: Ethereum price has bounced back above $550, holding down a key support at that price level. Earlier in the day, ETH/USD formed two bullish trend lines, the latter of which tested a resistance level at $575. ETH/USD had a reversal from its latest bearish run at the $550 support. Ethereum Holds Support At
Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin. Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up
As the Ethereum 2.0 upgrade approaches, users have been showing an increasing interest in the staking process, which would allow them to make a passive income by validating the new network. This is evidenced by the growing number of Ether (ETH) wallets and ETH deposits on cryptocurrency exchanges. According to a recent report published by
Over the years, the Ethereum network has slowly but surely grown into one of the most influential blockchain networks in the industry. Over the years, plenty of institutions have established their proprietary networks on the Ethereum blockchain, and that is one of the major reasons behind this blockchain network. In a new development that will
Ethereum was created to carry out complex applications Bitcoin supposedly couldn’t handle. A new app brings the idea full circle. Pseudonymous developer Fiatjaf has created Etleneum, which he describes as a “centralized” version of Ethereum that runs on payments from Bitcoin’s Lightning Network. Hence the name, a portmanteau of “Ethereum” and “Lightning.” (If that’s too
Key Highlights: Ethereum price broke past the $550 level earlier this morning, now trading at around $575. A major resistance level was established at $580 following this morning’s bullish run. ETH/USD is now moving higher to test the resistance once again. ETH/USD Moves Higher, Tests Major Resistance On Thursday morning, Ethereum price moved past the
January was the second-best month for CME’s Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40% as blocks, showing signs of
Shares in Grayscale Investments’ Ethereum Investment Trust, or ETHE, are trading at a 750% premium over the market rate of their underlying asset on the secondary markets, according to data published by crypto analysis firm Messari. The premium on Grascale’s fund has aggressively widened since the start of the year, with ETHE shares trading at