China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
Bitcoin, as any other type of money, is able to act as a means of payment. Bitcoin payments are supposed to be fast, secure and private, but there are some complications. Since every Bitcoin transaction must be recorded in the blockchain, the growing amount of strain on the network has resulted in transactions taking nearly four days to complete. As miners are paid with the fees from recording transactions, larger fees could help speed up your transaction, but this makes it unreasonable to pay with Bitcoin for small purchases, which are always the majority of transactions. These problems resulted in a hard fork and the establishment of Bitcoin cash, which is much faster and cheaper for payments. Other cryptocurrencies were made as an alternative for Bitcoin payments, by storing them in public blockchains or by getting rid of established mining pools, possibly resulting in the ability to double-spend a Bitcoin, if a successful 51% attack is performed.
The Justice Department's November 2020 suit has reversed the planned merger.17783
The trade war with China homes in on the country's thriving digital payments industry.15253
Many gamblers may no longer need to use Bitcoin ATMs in casinos, as they could transfer their crypto directly to casino gaming accounts.21063
Despite past claims, Dash insists that it's no more private than Bitcoin30944
Dash Core Group has announced the release of new updates for the Dash platform as well as the DashPay smartphone wallet app.13732
India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding digital currencies in the country.14893
Australia's crypto ecosystem thrives despite the pandemic, with DeFi booming, a five-year blockchain roadmap and institutional adoption.15432
Noted blockchain expert Professor Ken Huang explains some of the key issues that are holding the industry back — and how they can be fixed.2669
Sweden is examining the risks and consequences of moving its economy to its e-krona digital currency.8421
Another crypto player has taken steps to go mainstream, but a lot of work still remains ahead.4886
A crypto payments network now allows mobile airtime and data to be purchased in 163 countries, with top-ups for electricity meters offered in five African nations.6598
The social media giant has rebranded in hopes of scoring regulatory approval.10752
Much like Santa himself, Bitcoin is magic.4063
The decision on how to launch a digital euro could still be a long time coming.4340