Day: December 3, 2020

Visa Announces Plans to Integrate Ethereum-based USDC Stablecoin to Its Payments Network

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As part of its Fast Track program, payments giant Visa is working with Circle to integrate the USDC stablecoin making it simpler for businesses worldwide to make instant payments in USDC. On Tuesday, December 2, payments and credit card giant Visa Inc (NYSE: V) announced that it will integrate the Ethereum-based USDC stablecoin to its global payments network consisting of over 60 million merchants. USDC is a USD-pegged stablecoin developed by Center, the joint consortium between Circle and Coinbase. We’ve been closely following the growth of stablecoins for the past…

ABEY Chief Scientist Highlights the Future Of Crypto At Future Blockchain Summit Dubai

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When Bitcoin ballooned to $20,000 the last time around, the network became so congested, slow transactions put a damper on the excitement surrounding the cryptocurrency industry, and the hype and the valuations it drove all came crashing down. A similar situation happened over the summer with Ethereum, where gas fees for using the smart contract platform became outrageously expensive due to how congested the network was. And with Bitcoin embarking on a bull run again any day now, there’s a chance the cryptocurrency is destined for the same fate considering…

Theta Labs Launches Its Blockchain Video Delivery Platform in Beta

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Theta Labs is moving forward with its vision of democratizing content delivery with the beta release of its decentralized video streaming platform. Announced Thursday, the Theta Edgecast platform aims to reward its users while lowering cost of video content delivery by using a distributed network. Edgecast is a decentralized application (dapp) built on Theta’s peer-to-peer video blockchain technology, powered by the Theta Edge Network. According to the announcement, the network currently consists of over 2,000 nodes worldwide. Building a decentralized video platform has been the firm’s core aim since 2017,…

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Oldest Bitcoin mining pool ‘immortalizes’ bullish Reuters headline

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Slush Pool, the world’s oldest mining pool, put a Reuters headline about Bitcoin’s 2020 bull run in a block on Dec. 2. “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak” is now part of Bitcoin block number 659678. Announcing the news on Twitter, Slush Pool said that the pool’s miners wanted to “immortalize” the bullish Bitcoin (BTC) headline from mainstream media, making it live forever on the Bitcoin blockchain. Our miners asked us to immortalize it. Block 659678: Reuters 01/Dec/2020 Dollar plummets on U.S. stimulus hopes; bitcoin hits all-time peakhttps://t.co/pmzK3HXhpw pic.twitter.com/LKpvlj9TC4 —…

The Controversial Cyberpunk 2077 Delay Has Seemingly Paid Off

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Cyberpunk 2077 streamed by one lucky player yet again yesterday. The player who live-streamed the gameplay reportedly captured it on a base model PS4. It’s not perfect, but bodes well for the game’s launch next week. There’s been some concern, sparked by news that CD Projekt Red’s most recent delay was due to hurdles optimizing the game for PS4 and Xbox One, that the performance of the soon-to-be-released Cyberpunk 2077 may leave those playing on last-gen consoles disappointed. A new gameplay leak, presumable courtesy of one of the retail copies…

Roll-ups to preserve Ethereum’s DeFi monopoly despite competitors: Messari

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Crypto data aggregator Messari believes that roll-ups will beat out Layer 1 solutions in the race to scale Ethereum. Although Eth2’s beacon chain genesis successfully took place on Dec. 1, analysts predict the upgrades spanning the Ethereum 2.0 overhaul will not be completed until 2022. As such, Messari recently asserted the wait for Eth2’s completion “leaves an opportunity for other low-fee, low-latency competitors to eat into Ethereum’s monopoly.” “Those snake-bitten by rising fees will inevitably explore alternative platforms with better transaction throughput and lower fees if they haven’t already.” Despite…

65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: Survey

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At least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28 million stores supported by the payments company throughout the world. According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the respondents said they have already traded bitcoin (BTC) via their Paypal accounts since the firm started offering crypto services in October. Of these, the majority are the ones who showed readiness to utilize bitcoin for…

Introducing Valid Points: The Risks and Rewards of Staking on Eth 2.0

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It’s alive! Welcome, everyone, to the first edition of Valid Points, CryptoX’s ongoing effort to chronicle the evolution of Ethereum 2.0. You can sign up for the newsletter here. Today we’re commemorating the launch of Ethereum 2.0, which marks the beginning of Ethereum’s live transformation into a proof-of-stake blockchain. The new blockchain is said to be several times more efficient, scalable and secure than the current decentralized application network.  While Ethereum 2.0 will take years to build out fully, its first phase of development, phase 0, is now officially underway.…

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