OmiseGo, a leading cryptocurrency payment processor and exchange, has launched their second version of the OMG network, Samrong. In a blog post, May 19, 2019, OmiseGo offers some insight on the updates to the Ari platform and what’s to come for Samrong. Upgrade for OMG Network Since the launch of Ari in February 2019, OmiseGo
. , Bitcoin, Blockchain & Cryptocurrency News
In another twist, MakerDAO‘s Interim Risk Team has decided to initiate a proposal to reduce the stability fee from 19.5 percent to 17.5 percent, as per a blog post from May 17, 2019. This is the eighth fee change in three months and the second in May 2019. Finding Solid Ground MakerDAO has backtracked on
. , Bitcoin, Blockchain & Cryptocurrency News
This week, Blockstream launched the Liquid Network, a sidechain built on Strong Federation technology to facilitate quick and seamless transfer of bitcoin (BTC) between exchanges. Their website indicates they hold “emergency keys” to bitcoin held on Liquid, but there’s more to it. A Reddit thread offered both sides of the story; the anti Liquid and clarification
. , Bitcoin, Blockchain & Cryptocurrency News
In laymen’s terms, the Lightning Network (LN) is a protocol built on top of the Bitcoin, Litecoin, and Monero blockchains; these protocols are called “layer two protocols” because they run on top of an existing network. By moving away from the main chain, layer two protocols help the overall network experience less latency as it
. , Bitcoin, Blockchain & Cryptocurrency News
Zulu Republic, an ecosystem of digital platforms powered by Ethereum, has launched its Lite.IM bot, to enable Whatsapp users to seamlessly send and receive bitcoin (BTC), litecoin (LTC) and its native ZTX altcoin on the go, according to a tweet on May 19, 2019. Zulu Fostering Bitcoin Adoption In a bid to promote widespread adoption
. , Bitcoin, Blockchain & Cryptocurrency News
USD Coin (USDC) released its audit report attested by Grant Thornton LLP, which offered insight on the state of token issuance and fiat backing for April 2019. The report, released on May 18, 2019, is part of a monthly disclosure and makes USDC one of the most transparent fiat-backed stablecoins in the crypto ecosystem. Audited,
. , Bitcoin, Blockchain & Cryptocurrency News
On May 17, 2019, major cryptocurrency exchange Coinbase announced that it has expanded its Coinbase Earn initiative to more than 100 countries. Towards a More Inclusive Cryptoeconomy The U.S.-based cryptocurrency exchange platform introduced Coinbase Earn in 2018, which allows users to earn digital currencies for answering quizzes, completing simple tasks, and testing new blockchain-powered protocols
. , Bitcoin, Blockchain & Cryptocurrency News
Social media firm Facebook has set up a new financial technology firm in Geneva, Switzerland, Reuters reports, May 17, 2019. Facebook Quietly Sets up a Fintech Firm According to a filing with the Geneva Commercial Register, on May 2, 2019, Facebook Global Holdings II LLC registered a firm named Libra Networks LLC. The blue and
. , Bitcoin, Blockchain & Cryptocurrency News
First reported in 2017, the Swiss bank UBS-led project to create a digital cash settlement system is expected to get an investment of $50 million from some of the largest banks around the world. Unnamed sources linked to the project told Reuters May 17, 2019. Research and Development Almost Complete The promise of magical Internet
. , Bitcoin, Blockchain & Cryptocurrency News
According to a press release published May 17, 2019, sports and entertainment blockchain startup Chiliz (CHZ) partnered with Binance Chain to give the crypto industry exposure to popular global brands in the sports industry. Bringing Crypto onto the Football Pitch Looking to bridge the gap between mainstream culture and the rapidly developing cryptocurrency industry, Chiliz
. , Bitcoin, Blockchain & Cryptocurrency News