Tag: Cash

Bitcoin Cash enables CashTokens upgrade on its network

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The Bitcoin Cash (BCH) network underwent a major upgrade, allowing developers to create tokens with the same properties as BCH. These are called “CashTokens,” and they can be issued by anyone using the network.  The network successfully upgraded the blockchain at the BCH block height of 792,772. According to BCH developer Jason Dreyzehner, the new upgrade includes support for CashTokens, which the developer believes to be a “tool for expanding financial access.” The upgrade also includes other features like future-proof multiparty vaults and technical improvements for transaction validation. Congrats on…

Bitcoin Cash Achieves Milestone Upgrade, Unleashing Cashtokens’ Transformative Features  – Bitcoin News

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On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer electronic cash platform. Bitcoin Cash fans believe the transformative changes are set to revolutionize the blockchain’s ecosystem. Bitcoin Cash Network Takes a Leap Forward With 4 New Ruleset Changes At Bitcoin Cash block height 792,772, the network successfully upgraded the blockchain. The upgrade is more developer focused…

Bitcoin Cash (BCH) Jumps 6% Ahead of ‘CashTokens’ Fork

Other proposed improvements already locked in include smaller transaction sizes – which help speed up transactional times – and smart contracts functionality that could allow Bitcoin Cash-based applications built that offer recurring payments, derivatives trading, and crowdfunding opportunities, among other uses, to Bitcoin Cash users. Source

Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation – Economics Bitcoin News

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Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are already warning about the dangers of deflation, even calling on the Chinese government to deliver cash handouts in order to push consumer demand. Low Inflation Numbers in China Worry Analysts China, one of the biggest economies in the world, has registered its lowest inflation numbers in more than two years, according to data coming from the National Bureau of Statistics (NBS).…

Snapchat influencer turns simps into cash using an AI doppelganger

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A 23-year-old Snapchat influencer has seemingly taken a leaf out of the SimpDAO book by launching an Artificial Intelligence (AI)-based girlfriend version of herself via OpenAI’s chatbot ChatGPT. The influencer in question, Caryn Marjorie, has 1.84 million subscribers on Snapchat, along with 215,000 followers on Instagram. Dubbed CarynAI, the project was built by Forever Voices, which utilizes more than 2,000 hours worth of audio from Marjorie’s deleted YouTube videos to create the virtual girlfriend. It comes in a text and audio-based format, with the AI closely replicating her actual voice…

Bitcoin Cash Rises 11% but Gains Could Be Short-Lived

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Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review – The Weekly Bitcoin News

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Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest regional organization, the Shanghai Cooperation Organization (SCO) plans to switch to settlements in national currencies, moving away from the U.S. dollar. This and more, just below, in the latest Bitcoin.com News Week in Review. Bitcoin Cash Smart Contracts ‘Comparable to Those on Ethereum’ Possible via May Upgrade, ‘1000x Efficiency Advantage’: Dev Jason Dreyzehner Pro-freedom technologies…

Attacker behind AnubisDAO rug pull transfers another $5.9m to Tornado Cash

An address linked to the 2021 AnubisDAO rug pull has reportedly moved another 3,000 ethereum (ETH) valued at about $5.9m via Tornado Cash, a token mixer. AubisDAO attacker moving funds to Tornado Cash According to a May 6 alert from blockchain security firm Certik, an address linked to the AnubisDAO rug pull deposited 3,000 ETH into the sanctioned crypto tumbler Tornado Cash, almost a year after it laundered 1,018 ETH, then valued at $1.18m, through the same platform. The latest transfer comes barely a month after Peckshield, a blockchain data…

Block’s Cash App Q1 report reveals $2b in BTC revenue

Jack Dorsey’s Block recorded a stunning $2.16 billion in bitcoin (BTC) sales in Q1. The fintech company’s main product, Cash App, generated 25% more bitcoin income yearly. The shareholder letter states that the multi-billion dollar bitcoin revenues were attributed to an increase in the quantity of bitcoin sold to customers” and were “partially offset” by a bitcoin market price reduction compared to the same period in 2022. Block’s 2023 Q1 findings The financial technology company had a 26% year-over-year increase in sales during the first quarter, and it also posted earnings per…

Block Releases Q1 2023 Report Showing Cash App Bitcoin Revenue Rise 18% from Q4 2022 to Over $2B

Block saw increased earnings on several fronts for Q1 2023 due to the success of its other businesses, including Cash App and Square.  Block (NASDAQ: SQ) announced its Q1 2023 earnings report, which showed $2.16 billion in Bitcoin (BTC) revenue realized from its Cash App service. Block reported in a shareholder letter that BTC revenue grew 18% from $1.83 billion in the fourth quarter of 2022. In addition, the Jack Dorsey-founded multinational tech conglomerate also reported that its latest Bitcoin revenue haul was up 25% year-over-year (YoY).  Block Highlights Q1 2023 Performance in Shareholder Letter  For…