A draft of the European Union Data Act would require a smart contract kill switch that could have a profound effect on the use, and even usefulness, of commercial blockchain technology. Smart contracts are self-executing agreements that, once created, are effectively unchangeable and unstoppable. They’re...
It’s hard to argue that the case for bitcoin as a store of value that, like gold, provides a hedge against inflation has been badly battered in recent months. Having plummeted as much as 50% in the past three months, the price of bitcoin has...
Web3 browser Opera has integrated with Ethereum Layer 2 exchange DeversiFi, a decentralized exchange (DEX) powered by Starkware’s Layer 2 scaling solution, to provide lower-cost, real-time transactions within Opera’s mobile browser wallet. Starkware’s StarkEx scalability engine makes Layer 2 transactions “instantaneous and 100-times cheaper” than...
Not all that long ago, blockchain was the answer to every problem in financial services, to every problem in connectivity. But reality — chiefly the length of time getting projects off the ground, and the urgency of other technologies amid the pandemic — may be...
Investors have committed a half-billion dollars to El Salvador’s forthcoming bitcoin bond, according to Blockstream Chief Strategy Officer Samson Mow. Mow, who developed the novel bond, told industry news site BeInCrypto that “the bond had received more than $500 million in verbal commitments at the...
JPMorgan Chase, Toshiba and telecom equipment company Ciena say they have demonstrated the “full viability” of a first-of-its-kind Quantum Key Distribution (QKD) network for metropolitan areas. The companies announced the test in a news release Thursday (Feb. 17), saying the network could resist quantum computing...
A bipartisan group of lawmakers introduced legislation in the U.S. Senate Tuesday (Feb. 15) to diminish risks to the nation’s financial system by El Salvador’s adoption of bitcoin as legal tender. The Accountability for Cryptocurrency in El Salvador (ACES) Act was introduced by Sen. James...
A recent research report by Bank of America indicates that Chainlink, the industry standard oracle network across all blockchains, could be the game-changer that generates mainstream adoption of next-gen blockchain use in sectors like finance, insurance, supply chain, gaming and gambling. Chainlink was the likely...
Throughout this series of articles, we’re looking at the top blockchains in crypto to help you make sense of the alphabet soup of so-called “altcoins” that exists beyond that of Bitcoin’s BTC and Ethereum’s ETH. We will look at what they are, how they work,...
