2.1 Million Transactions Cause No Surge in Fees

The Bitcoin Cash (BCH) network experienced over 2.1 million transactions on September 1 as a result of the recently launched BCH stress test, according to data from BitInfoCharts. Bitcoin Cash transactions historical chart. Source: BitInfoCharts The “stress test” is a community driven test of the BCH mainnet and its services, according to the BCH stress test website. The test aims to process “millions of minimum fee transactions” within 24 hours in order to prove the Bitcoin Cash blockchain’s capacity and scalability, as well as to provide data for developers and…

How Venezuela Came to Be One of the Biggest Markets for Crypto in the World

Venezuela has been living with hyperinflation since at least 2014. Its national currency — the Venezuelan bolívar — hit an official inflation rate of 57.3 percent in February 2014, while independent currency analysts were reporting that, by that September, the real inflation rate had already topped 100 percent. In other words, the bolívar (VEF) was depreciating rapidly in value, and ordinary Venezuelans needed something to fill the void it had left as a one-time viable means of exchange. By definition, hyperinflation is a state in which, as described by the…

Both Eminem and Yahoo Finance Embrace Bitcoin in Wins for Crypto Adoption

Top Stories This Week Yahoo Finance Integrates Bitcoin, Ethereum, and Litecoin on iOS App Yahoo Finance has integrated BTC, ETH, and LTC on its iOS app this week, with a version briefly appearing and disappearing on its desktop version despite Yahoo noting that the desktop, mobile web, and Android version won’t be available for several weeks. A Yahoo Finance press release notes that users that wish to trade crypto on Yahoo Finance will have to link a broker account via integrated third party service TradeIt. “Operation Cryptosweep” Produces More Than…

BTC/USD Surges Towards Wedge Resistance

Bitcoin price on Sunday continued to stick to its uptrend path, recording as much as 4 percent gains against the US Dollar. The BTC/USD began the Asian trading session with a small upside push in continuation of the overall bullish momentum. As the day progressed, there was visibly a weaker selling sentiment towards the interim resistance targets. The European session confirmed it by forming higher highs towards 7425-fiat, followed by a feeble bearish correction attempt. As we now enter the US session, the BTC/USD is attempting a rerun towards the…

Dogecoin Drops 35 Percent as Dogethereum Sentiment Wears Off

Dogecoin today fell as much as 35 percent from its highest peak since March. The DOGE/USD yesterday established the intraday high near 0.00692-fiat after rising by more than 70 percent in just two days. Just before the yesterday’s close, the pair had undergone a bearish correction towards 0.00540-fiat. The Sunday’s trading session began on a bounce back from the said low, jumping as high as 0.0066-fiat. However, sellers began to take control during the mid-Asian, early-European session near the top. As a result, just before the beginning of the US…

Crypto Exchange Bittrex Invests 10 Percent Stake in Malta-Based Blockchain Firm Palladium

Bittrex, one of the top cryptocurrency exchanges worldwide, has recently invested in Malta-based blockchain company Palladium, local news outlet Times of Malta reports September 2. The U.S.-based Bittrex, now the 18th top crypto exchange by total average trade volume, has bought a 10 percent share in Palladium. In July, Palladium had announced plans to distribute $150 million in tokens in the world’s “first” Initial Convertible Coin Offering (ICCO) in partnership with Bittrex and Unikrn eSports bookmaker, scheduled to begin on July 25. Current shareholders of Palladium include Investar Holding and…

Japan’s Financial Regulator Enhances Risk Screening Process for Crypto Exchanges

Japan’s financial regulator, the Financial Services Agency (FSA), will fortify the process of registration screening for cryptocurrency exchanges, local media outlet The Japan Times reports September 2. The FSA has ungraded the registration process, revising the Payment Services Act — enforced since April 2017 — in order to “to see whether they [crypto exchanges] are properly conducting risk management,” sources told The Japan Times. The financial watchdog has added several new features to the previous act’s legislation, increasing “the number of questions asked when screening applications to about 400 items,…

The rise of crypto in higher education – The Coinbase Blog

When David Yermack, the finance department chair at New York University Stern School of Business, first offered his course on blockchain and financial services in 2014, 35 students signed up, eight fewer than the school’s typical elective. By spring 2018, the number of enrolled students climbed to 230, forcing Stern to move the class to its largest auditorium. This academic year, Yermack will teach the blockchain course both semesters to meet interest from students. Yermack says he first developed the class because he was interested in bitcoin and how quickly…

Understanding Web 3 — A User Controlled Internet – The Coinbase Blog

Coinbase breaks down the motivation and technology behind the development of Web 3 This 3-part post focuses on the why, what and how of the latest chapter in the world wide web’s history, called Web 3. Part 1 explains shortcomings of today’s web and how Web 3 represents an improvement; Part 2 focuses on what the Web 3 stack is; and Part 3 focuses on how developers can build on it. Today’s world wide web, or the internet, has two key missing properties: It doesn’t hold “state”, independent of trusted operators…

Experimental art, presidential campaign donations, and Yale economic research

A curated selection of meaningful moments in August that are bringing us all closer to realizing an open financial system for the world. Artists Ai Weiwei and Kevin Abosch create conceptual art called Priceless on the Ethereum blockchain Artists Kevin Abosch and Ai Weiwei. Source: https://whatispriceless.com/ Berlin-based Chinese artist Ai Weiwei has partnered with New York-based Irish artist Kevin Abosch to explore the concept of value in a work called PRICELESS. The work is largely made up of two standard ERC-20 tokens on the Ethereum blockchain, with PRCLS as its…