The Japan-based chat app operator Line will offer customers handouts of its cryptoasset as a bonus when they make fiat payments using its e-pay platform.
Blockchain mining networks are often victims of their success. The two contemporary realities that demarcate the mining landscape and cause blockchains to fall short of what they promise are 1) the ongoing technological arms race driven by inherent competitive greed; and 2) the rising energy costs associated with proof-of-work (PoW) mining. Blockchains built on the PoW consensus have become highly unequal and increasingly centralized in terms of their hash rate. This concentration of mining power in fewer and fewer hands is an attack on the fundamental requirement for distribution and decentralization that blockchains possess.
The CEO of on-chain analysis firm CryptoQuant, Ki Young Ju, thinks that Ethereum (ETH) could outperform Bitcoin (BTC) over the long term.
Ki Young Ju tells his 239,700 followers that Ethereum could hit a new record high before Bitcoin does. Part of the CEO’s reasoning is that Ethereum is closer to its all-time high (ATH) relative to the flagship cryptocurrency.
The National Securities Market Commission, Spain’s chief securities regulator, has issued warning notices against Huobi and some 12 cryptocurrency firms operating in the country after finding them to be operating without the required registration with local authorities. In the latest crackdown from the Spanish authority, the commission issued the warnings as an alert to consumers and operators to encourage the operators to legitimize their status in the country as soon as possible.
Crypto scams are nothing new. As the crypto industry goes through puberty, the scams are hard to identify and even harder to prosecute. The crypto-related rules and policies are still under construction which makes the scammers more brazen in their attempts to defraud the investors.
The mayor of Cool Valley has suggested a massive airdrop that would distribute over 1 million USD in Bitcoin to residents of the Missouri town.
The second half of 2021 just started and there is already a rise in the number of unicorns emerging in the crypto world as years of resistance towards crypto from mainstream investors start to fade.
The Central American nation El Salvador is all set to bring Bitcoin Law into effect from September 7. The Latin American country created history on June 9 after Congress approved Bitcoin as an optional legal tender. The bold decision was met with criticism from the likes of IMF, World Bank, and several other rating agencies. The latest to join the list is Steve Hanke, an economist at John Hopkins University.
Bitcoin Suisse and online payment firm Worldline are launching a crypto payment option called WL Crypto Payments. This collaboration exists to allow more than 85,00 swiss merchants using the Worldline’s network to accept both Bitcoin (BTC) and Ether.