Users of Block’s mobile payments platform Cash App can now make instant and free bitcoin payments through the Lightning Network, the company tweeted on Monday. The integration of Bitcoin’s second-layer protocol for faster and cheaper transactions was made possible by the Lightning Development Kit, an open-source project developed by another Read more…
“The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative have come up with an initial design for a central bank digital currency,” reports Yahoo Finance. Reuters cautions that the newly-released research does not suggest that the U.S. central bank will move toward launching a Read more…
Hackers have stolen more than $324 million in cryptocurrency from Wormhole, the developers behind the popular blockchain bridge confirmed Wednesday. The platform provides a connection that allows for the transfer of cryptocurrency between different decentralized-finance blockchain networks. Wormhole said in a series of tweets Wednesday afternoon that thieves made off Read more…
The government of El Salvador on Monday rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender in the Central American country. Treasury Minister Alejandro Zelaya angrily said that “no international organization is going to make us do anything, anything at all.” Zelaya told a local Read more…
If you’ve been watching any TV over the past few months, chances are you’ve seen Crypto.com’s ad featuring Matt Damon. It’s an expensive advertisement, complete with top-notch CGI and heady phrases like “History is filled with almosts” and “Fortune favors the brave.” Jody Rosen dissects Damon’s crypto push in a Read more…
Block Chief Executive Officer Jack Dorsey criticized Meta Platforms’ failed cryptocurrency project, Diem, saying the company’s time would have been better spent focused on advancing Bitcoin. Dorsey said Tuesday that Meta’s approach to Diem, a proposed cryptocurrency formerly known as Libra that came to an unceremonious end this week, wasn’t Read more…
India on Tuesday announced plans to launch a digital currency by next year and tax cryptocurrencies and NFTs as the country moves closer to recognizing cryptocurrencies as legal tender in the world’s second largest internet market. Income from the the transfer of any virtual assets will be taxed at 30%, Read more…