Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early Bitcoin (BTC) adopter Hal Finney helped develop Pretty Good Privacy or PGP, which allowed users to encrypt various digital mediums, including emails. Unstoppable Domains co-founder Bradley Kam told Cointelegraph that the email service is not decentralized…
Day: September 16, 2020
Fed expects near 0% interest rates for years, potentially boosting BTC’s value proposition
The U.S. Federal Reserve’s game plan going forward includes short-term interest levels between 0% and 0.25%, as decided by Fed brass in a Sept. 15 and 16 gathering. The independent body plans to maintain low interest rates in order to increase inflation, based on a Sept. 16 report from CNBC. Such news shines a light on Bitcoin as a store of value. The blockchain-based currency is largely immune to such actions, as it is protected against inflation by its permanent cap of 21 million coins. A majority of the Fed’s…
Charles Hoskinson’s treasury concept is about to get its first real-world test drive with ‘Project Catalyst’
IOHK has distributed $250,000 worth of ADA to Project Catalyst. These funds will be allocated to several Cardano-based projects proposed by the community. Project Catalyst is one of the building blocks of Cardano’s Voltaire era, which is expected to bring decentralized governance to the ecosystem. According to IOHK’s press release, Project Catalyst is expected to control $70 million worth of Cardano’s ADA cryptocurrency in the future. Charles Hoskison is a big proponent of decentralized treasuries, which he believes to be one of the greatest innovations of our time. The idea…
Binance’s crypto Visa card is now available all across EEA countries
The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe. According to a Sept. 15 blog post, the Binance Visa Card is now available to everyone in the European Economic Area, or EEA, countries. To celebrate the launch in Europe, Binance is offering up to 7% cashback from purchases with the card. According to the firm, this is the highest cashback rate available in the market to date. Binance noted that Binance Visa Card converts user crypto funds into a local currency…
Avalanche blockchain network to launch full mainnet
Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell University’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday. With the mainnet launch, the Avalanche (AVAX) token — the platform’s native token — can be listed on crypto exchanges, although Ava Labs did not specify which ones. As previously reported, the AVAX token will serve as a tool to secure the Avalanche network through staking, pay for operational fees, transfer value peer-to-peer and create…
Why technology assurances are a must for crafting EU crypto regulation
When Malta set out to provide a regulatory framework for the cryptocurrency sector, policymakers and advisers recognized how blockchain, distributed ledger technology and smart contracts, as well as related technologies, imposed new challenges to providing consumer protection and to fitting within existing legal structures. Immutability of data — and subsequently code, or rather smart contracts — is a desirable feature to provide guarantees to users that data (and smart contracts) cannot be tampered with. However, this also poses a critical challenge: Often, it is impossible, or infeasible, to change code…
Italian soccer club SS Lazio goes crypto with StormGain exchange
Another major soccer club is entering the cryptocurrency industry by tapping a partnership with a cryptocurrency exchange. SS Lazio, an Italian professional sports club, signed a multi-year deal with crypto trading platform StormGain. Announcing the news on Sept. 16, StormGain said that it is now the “official crypto trading partner” of SS Lazio. According to the firm, the newly announced deal will enable StormGain and Lazio to boost fan engagement through unique giveaways like exclusive VIP suite hospitality at Lazio home matches. As part of the initiative, StormGain will be…
China’s blockchain partner Cypherium gets its own Twitter emoji
Cypherium, a blockchain company involved in China’s Blockchain Service Network initiative, has just launched its own branded Twitter emoji. The New York-based blockchain firm announced the news in a Sept. 15 tweet, adding that the new emoji comes in anticipation of Cypherium’s upcoming public token sale on Sept. 16. With the new feature, all #Cypherium and #CPH tags on Twitter posts automatically get a Cypherium logo, similar to Bitcoin logos when tweeting “#Bitcoin” or “#BTC.” Cypherium’s new Twitter emoji comes in conjunction with the upcoming token sale. As previously announced, the firm is planning…
Privacy coins don’t conflict with anti-money laundering laws
Privacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm. Perkins Coie, a Seattle-based international law firm, published a report devoted to the AML regulation of privacy coins on Sept. 15. In the report, Perkins Coie aims to dispel the purported misconception that privacy coins like XMR are fundamentally incompatible with AML compliance, arguing that regulated entities are capable of complying with AML obligations while supporting privacy coins. According to Perkins Coie, privacy coins ultimately present “no incremental challenges or requirements”…
The Bahamas will launch a digital Central Bank ‘Sand Dollar’ in October
The Bahamas is gunning to become the first country in the world to roll-out a state-backed virtual currency nationwide, and has announced it will launch a central bank-issued cryptocurrency during October. The assistant manager of eSolutions at the Central Bank of The Bahamas, Chaozhen Chen, told Bloomberg that the digital currency, dubbed ‘Sand Dollars’, is intended to drive greater financial inclusion among the remote islands within the archipelago nation. “A lot of residents in those more remote islands don’t have access to digital payment infrastructure or banking infrastructure. We really…