Torus, a key-management startup offering one-click logins for decentralized apps (dapps), launched out of beta Thursday, announcing eight initial hosting partners for its Web 3.0 product. Alongside Torus itself, Binance, Ethereum Name Service (ENS), Etherscan, Matic Network, Ontology, Skale, Tendermint Core and Zilliqa will be running nodes supporting the decentralized login system. The move positions
As the bitcoin community gears up for its next likely major code upgrade, students of the cryptocurrency have an opportunity to inspect the changes themselves, with help from core developers. The weekly Bitcoin Core review club has started guiding users through the proposed Taproot/Schnorr code, designed to improve privacy and scalability and boost smart-contract usage
The Internal Revenue Service (IRS) should – but won’t – clarify how taxes are levied on cryptocurrencies and cryptocurrency transactions in the U.S., the government’s top auditing institution said Wednesday. The Government Accountability Office (GAO), a U.S. Congress watchdog, published a report in response to a request from Rep. Kevin Brady (R-Tex.), evaluating the IRS’s
Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar. In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank digital currency (CBDC). “Yes,
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Voyager has acquired the retail-focused Circle Invest app from Circle, the companies announced Wednesday. According to an email sent to Circle Invest users, Voyager is in the process of converting accounts to its own platform, with the process expected to conclude by the end of March (though New York residents may be on a different
Despite being one of the largest crypto derivatives platforms, an eToro executive said he isn’t losing sleep over the U.K.’s proposed retail ban. Over breakfast in a central London restaurant, inside what used to be the Midland Bank, Iqbal Gandham, eToro’s U.K. managing director since 2016, said the country’s decision to ban retail access to
Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal showing in the New Hampshire primary Tuesday. Yang entered the race in November 2017, centering his campaign around his signature “universal basic income” proposal, which would provide a $1,000 per month income to American adult. However, as a candidate, he also created
Bitcoin’s (BTC) price is trending solidly back above the 5-digit figure mark. At around 15:00 UTC on Feb. 11, the price of BTC rose back above $10,000 from around $9,850 to $10,351 within an hour after succumbing to a small sell-off beneath the $10,000 level on Feb 10, CoinDesk BPI data shows. The peak figure
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American computer giant Dell is among 15 companies joining an IOTA working group to explore how the firm’s “Tangle” technology can be integrated into commercial solutions. IOTA and open-source software foundation, Eclipse Foundation announced Tuesday that the new Tangle EE working group will begin working on projects that can help develop viable commercial use-cases for
Blockchain payments provider BitPay is now taking its service into bricks-and-mortar stores. Through a new partnership announced Tuesday, the firm will be offering cryptocurrency payments at merchants’ point-of-sale (POS) terminals. The effort comes via BitPay’s new tie-up with open commerce platform Poynt, which the announcement says already has a network of POS devices online at
The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble. Announced the day before decentralized finance (DeFi) protocol 0x’s 0xpo conference last Friday in San Francisco, founders, lawyers and tokenization fanatics of all stripes said the proposal a boon for both entrepreneurs and
The ethereum network is still looking to boost transaction capacity and the startup Optimism wants to lead the charge. Since the network’s throughput is limited to roughly 15 transactions per second, ethereum can’t become a widespread platform for automating functions, like supply chain management and loans, unless it scales. So Optimism aims to use a
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