Blockchain

Blockchain
Solana Reports Network Issues, ‘Excessive’ Transactions
January 23, 2022

Amid a major crypto market selloff, blockchain network Solana has reported network issues, including “excessive duplicate transactions,” according to a Bloomberg report Sunday (Jan. 23). The Bloomberg report notes there’s been a broad pullback in tokens, ranging from bitcoin and ether to polkadot. Solana itself...

Blockchain
Elon Musk Does Not Object to Twitter NFTs, He’s Just Venting at Spambots
January 21, 2022

Tesla and SpaceX CEO Elon Musk does not have a problem with Twitter adding the ability of users to use a nonfungible token (NFT) as their profile picture — putting it in an octagonal window rather than a circle. The point of the change is...

Bitcoin
El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
January 21, 2022

Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of...

Bitcoin
Bitcoin’s Slide Casts Doubt on Its Usefulness for Payments
January 21, 2022

Bitcoin has transformed from a cryptocurrency into a store of value on par with gold as an inflation hedge. So said Wall Street and institutional investors diving into BTC and the broader crypto market in 2021 — Gold 2.0. It’s a narrative many in the...

Blockchain
PYMNTS Crypto Basics Series: What’s a Blockchain and How Does It Work?
January 20, 2022

Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of since the industry exploded into the mainstream public consciousness in 2021. Over the course of this series of articles, we’ll be delving into the basics of the industry, providing an introduction...

Blockchain
PYMNTS Blockchain Series: What is Avalanche?
January 19, 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 that of Bitcoin’s BTC and Ethereum’s ETH. We will look at what they are, how they work,...

Bitcoin
Bitcoin Miner Rhodium’s S-1 Cites Halving as Bitcoin’s Biggest Systemic Risk
January 18, 2022

As more bitcoin mining moves to the U.S., Texas-based Rhodium Enterprises is asking cryptocurrency supporters to bet $1.7 billion on a liquid-cooled, solar- and wind-powered operation that will mine more BTC while creating less pollution. In an S-1 filing with the Securities and Exchange Commission...

Blockchain
China Is Building Its Own NFT Behind the Great Firewall
January 14, 2022

Nonfungible tokens (NFTs) are so hot, China can’t ignore them anymore. So, it’s building a more controllable platform for digital collectables. And only the digital yuan is welcome. NFTs are platforms for media like art and videos, which allow the creator to make an immutable...

Blockchain
PYMNTS Blockchain Series: What Is Solana?
January 13, 2022

Over the course of this series of articles, we are going to look at the top blockchains in cryptocurrency, with a goal of helping you make sense of the alphabet soup of so-called “altcoins” that exists beyond that of bitcoin’s BTC and Ethereum’s ETH. We...