Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

Filipínská vlajka

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The article further states that the research team is set to release its findings in the coming month. The committee, which was formed earlier this year, started its research on the policy implications and potential feasibility…

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FC Barcelona’s BAR Token Price Jumps Over 150% on First Trading Day

FC Barcelona

Premier soccer club FC Barcelona has launched a token earlier this week in a token sale that ended in the space of two hours. In it, 600,000 tokens were sold at €2 ($2.25) each, and these tokens are now already trading above €5.6 (around $6.35). The tokens, known as Barça Fan Tokens, were bought by the club’s supporters either through the club’s own “Socios” voting platform or through Chillz, a sports-specific token platform and exchange. The team is, in part, managed by its socios. Total trading volumes for Barcelona’s BAR…

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John McAfee’s Ghost Distributed Exchange Now Live

Ghost Distributed Exchange

John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend. The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions. McAfee clarified on social media that Ghost will replace the McAfeeDEX distributed exchange. The Ghost main net itself is expected to go live on June 22. Ghost has been the subject of contention for months especially after McAfee himself admitted Ghost “copy-pasted” parts of its white paper from PIVX. Even…

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User Pays a Second $2.6 Million Fee in Ether Transaction

ETH Transaction Fee

History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by the Ethermine pool, a unit of Bitfly. Notably, this is a transaction that originates from the same address, of the same customer who paid the same amount of fees yesterday to send just $134 worth…

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Brave under fire for affiliate link autofill

brave browser aff link

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the…

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Atari token finds a home on new blockchain gaming network

Atari Token

Partnership between Atari and Arkane Network will allow developers to integrate the new token for buying, selling, and trading assets. Atari helped kick off the gaming revolution, and now the brand—which has changed hands many times since the 1970s—aims to help lead the crypto revolution in gaming with its recently-revealed Atari Token and online casino plans. Today, the company revealed the next step in its plan to entrench the Atari Token within the gaming ecosystem, announcing a partnership with Arkane Network to implement the token within its blockchain app development…

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Bitcoin Transaction Fees Increased 1250% from April 11th to May 14th

Bitcoin BitInfoCharts

March, April, and May were big months for Bitcoin–after a cliff-dive in the price of Bitcoin on March 12th, Bitcoin has slowly and steadily recovered to nearly $10,000, where it was before the coronavirus pandemic slammed into the global economy. Much of the price rally is attributed to the halving that occurred last week. However, there’s another big change that has taken place on the Bitcoin network over the past month: CoinTelegraph reported that from April 11th to May 14th, the average cost of Bitcoin network transaction fees increased by…

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Binance Invests Undisclosed Sum in Indonesian Crypto Exchange

Tokocrypto

Binance has invested an undisclosed amount in Tokocrypto, a regulated cryptocurrency exchange in Indonesia. Announced on Tuesday, the proceeds will be utilized in accelerating the growth of the local crypto exchange’s business by extending its products and services. It is also planning for technological expansion and nationwide expansion. “This investment in Tokocrypto serves to validate Indonesia’s promising blockchain ecosystem, showcasing the confidence from a leading global player. The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market and accelerate our vision in bringing an open financial…

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Halving Fails To Influence Bitcoin’s Price

Bitcoin BTC

Bitcoin halving, the largest event in the cryptocurrency calendar, failed to trigger any significant impact on its price. Bitcoin halving takes place every four years, which reduces the rate at which new coins are created, to control inflation. According to Bitcoin’s code, written by its pseudonymous creator Satoshi Nakamoto, rewards to miners will continue to halve every 210,000 blocks on the BTC chain. Beating predictions, Bitcoin’s price volatility declined since Monday. There were mixed predictions regarding bitcoin halving’s impact on its price. While a section of experts said that the…

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Coinbase updates mobile app so users can earn crypto rewards

Coinbase mobile app

San Francisco-based crypto exchange Coinbase has expanded its Earn campaign. Users can now earn crypto by learning about it on the user-friendly mobile app. Cryptocurrency exchange Coinbase today announced that its users can now earn crypto from the rewards section of its mobile platform. Previously, users could take part in the rewards program via the platform on a desktop—but not via mobile. Now, the San Francisco-based exchange has made it possible to access all Coinbase Earn campaigns directly through the updated Coinbase mobile app. “Our mission is to create an…

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ECB uses open source blockchain solution Corda to test Digital Euro

corda blockchain platform

The European Central Bank (ECB) conducted an analysis of the economic and societal impact of issuing Central Bank Digital Currency (CBCD) or Digital Euro. In the framework of this analysis, the ECB carried out a ‘proof of concept’ related to the anonymisation of digital currency transactions, by using the open source solution Corda, a blockchain platform for business. In a speech given on 16 January 2017, Yves Mersch, member of the ECB executive board, explained that the Digital Euro, also called Digital Base Money (DBM) “is characterised by two features:…

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Bitcoin loses a quarter of its value in March

bitcoin free pic

The turmoil that rocked financial markets in March also wreaked havoc on the value of Bitcoin, delivering one of the cryptocurrency’s worst months on record. Investors rushed out of riskier assets amid the coronavirus pandemic that is casting a shadow on global growth prospects, with Bitcoin losing about 25 per cent in March to trade below $6,500 (Dh23,874). That puts the digital currency on track for its worst month since November 2018 and also marks seven out of nine months that its value has fallen. Since June, the cryptocurrency has…

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Google Pay adds support for Coinbase’s Bitcoin card

Coinbase Card

Coinbase Card owners can now add a virtual version of the card to their Google Pay wallet, making it easier for them to spend their Bitcoin in shops. Support for Google Pay covers more than a dozen European countries. Coinbase Card is a Visa debit card that was launched by Coinbase back in April 2019. Coinbase debit card users are able to spend 10 different cryptocurrencies directly from their Coinbase balance at any shop that accepts Visa payments. In additional to the physical card, Coinbase users get a virtual card…

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Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath

real estate

Commercial real estate marketplace Red Swan has tokenized $2.2 billion in real estate through security token platform Polymath. According to Red Swan CEO Ed Nwokedi, $780 million of that is available to investors in pre-sale, while the company has another $4 billion in real estate in its tokenization pipeline. The $2.2 billion represents 16 different Class A commercial properties based in Austin and Houston, Texas, Brooklyn, N.Y., Oakland, Calif., and Ontario, Canada. Tokenization has struggled to transform the multitrillion-dollar real estate market as institutions hesitate to re-engineer back offices until…

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13,000 South Korean ATMs to enable Litecoin withdrawals

ATM

Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW). The Litecoin Foundation said it has teamed up with the South Korean peer-to-peer crypto trading provider MeconCash to integrate litecoin into its M.Pay platform. Following the completion of the project, the integration is expected to allow litecoin to be exchanged to Korean won and withdrawn at thousands of…

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