Blockchain

Blockchain
PYMNTS Blockchain Basics Series: What is Polygon? An Ethereum Killer Hedges Its Bets
February 15, 2022

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 bitcoin’s BTC and Ethereum’s ETH. We will look at what they are, how they work, what they...

Blockchain
Web3: Is There Any ‘There’ There? And if so, Where Is It?
February 15, 2022

Cryptocurrency exchange Coinbase announced Monday (Feb. 14) that it plans to hire up to 2,000 product, design and technical staff, with Chief People Officer LJ Brock saying, “We see enormous product opportunities ahead for the future of Web3.” Last month, another top crypto exchange, Crypto.com,...

Blockchain
DeFi Could Be Divided Into Regulated and Unregulated Sectors
February 15, 2022

Decentralized finance (DeFI) could get split into regulated and unregulated segments as watchdogs determine the sector’s risk, according to a report by Fitch Ratings, the New York-based credit rating agency. DeFi has been loosely defined as a global ecosystem of web applications and eWallets that...

Blockchain
Israeli Regulator to Host Blockchain ‘Hackathon’ for Infrastructure Solutions
February 14, 2022

The Israel Securities Authority (ISA) is making plans to regulate the FinTech space, and will be looking at a long-term way to work with cryptocurrency in the country, a report says. The CoinDesk report Monday (Feb. 14) says there will be a “hackathon” for FinTechs...

Blockchain
Voting Power Struggles Plague DeFi’s Efforts to Gain Broader Acceptance
February 10, 2022

Last Thursday, the billionaire founder of the Tron DApp platform borrowed $13 million worth of COMP, the governance token that gives owners a vote on how to run DeFi lending platform Compound. Justin Sun then used those tokens to force a vote on a proposal...

Blockchain
Debunking 4 Myths About Blockchain
February 09, 2022

Although it has been adopted by many multinationals, blockchain is among the least understood forms of modern payment technology. Accurate information about the risks and benefits of adopting blockchain can be difficult to find among the wealth of myths circulating online and in the media....

Blockchain
61% of Businesses See Operational Efficiency as Blockchain and Crypto Opportunity
February 07, 2022

Executives with a deeper understanding of how blockchain technology works tend to use or exhibit openness to using it at a higher rate than those with little or no knowledge of it, according to Cryptocurrency, Blockchain and Cross-Border Payments, a PYMNTS and Circle collaboration that...

Blockchain
African Crypto Exchange Luno Explores Push into US
February 04, 2022

As the biggest cryptocurrency exchange in Africa, Luno is looking to get its offerings in front of some of the world’s largest segment of digital asset investors — those in the U.S. Luno is busy scouring every U.S. state to dig into regulatory requirements and...

Bitcoin
Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
February 04, 2022

The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the cost of implementing the program at 1% of the country’s gross domestic product (GDP). And that’s not counting the cost...