Author: hotcrypto
The IOTA Foundation has gained the support of the European Commission. This will allow it to work on research for adapting and improving its protocol to be used in the many possible EBSI use cases. IOTA Foundation Selected for Phase 2 of the EU Blockchain Pre-Commercial Procurement The IOTA Foundation announced earlier today that it had been selected as one of five contractors for the second phase 2A of the pre-commercial procurement. This latest development means that IOTA will be developing and testing prototypes that could bring the most exciting improvements to future versions of the European Blockchain Services Infrastructure…
Electric carmaker Tesla is testing a previously teased Dogecoin (DOGE) payment option, according to its website’s source code. The DOGE payment option was added for testing around three days ago, a software engineer who goes by “Tree of Alpha” on Twitter told The Block. The engineer analyzed Tesla’s source code in the backend and said that the company is “definitely” testing that option. “Most of the code is already present in the latest Javascript files Tesla uses for processing payments, but the part about Dogecoin is forced to return null no matter what happens, thus never showing (basically a way…
ERC-4626: DeFi’s Newest Money Lego CoinDesk This news is republished from another source. You can check the original article here
Blockchains and smart contracts can help perform a whole variety of tasks that are currently done using centralized technology. But in order to effectively do these tasks, vast amounts of data from the traditional web and APIs need to be inputted into blockchains, such as live streams of highly time-sensitive data. This could be on-chain and fiat price data for DEXs or stock prices for synthetics trading dApps. However, there is one key issue in bringing this off-chain data onto any blockchain: blockchains are designed to be secure, but isolated networks, similar to a computer before the internet was widespread.…
In 2021 cryptos stood out for their remarkable performance. At one point in November, the industry’s market value exceeded $3 trillion. But the recent bloodbath on the Street has since knocked the total market capitalization (cap) down to around $2 trillion. Regular InvestorPlace.com readers would know that Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) are two largest digital assets with respective market caps of about $807 billion and $385 billion. Meanwhile, the number of cryptos now stands close to 8,000. Understandably, not all these digital assets have real-life utility. In fact, quite a few are meme coins that have come to prominence in recent months.…
Jack Dorsey says he is planning a nonprofit aimed at paying the legal bills of Bitcoin developers who were sued by an Australian computer scientist who claims to be the founder of the popular cryptocurrency. The former Twitter CEO sent an email on Wednesday to a mailing list of cryptocurrency creators announcing the creation of the Bitcoin Legal Defense Fund. The nonprofit will pit Dorsey’s financial muscle against the litigious Craig Wright, who has targeted a number of crypto developers in the so-called Tulip Trading lawsuit. Last spring, Wright filed suit in a London court alleging that 16 software developers…
US-based financial services company, Visa has announced a partnership with blockchain technology company ConsenSys to develop a module designed to help central banks and financial institutions build user-friendly services on top of central bank digital currency (CBDC) networks, Visa mentioned in its recent blog. Meanwhile, in the crypto world, prices of mainstream and meme coins are green in the last 24 hours, data of coinmarketcap.com showed. The price of Bitcoin (BTC) was up by 1.50 per cent and was trading at $43,760.94 in the last 24 hours. Bitcoin dominance in the global crypto market was 39.84 per cent, down by…
Ethereum Classic (ETC) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has gained 1.87% to $31.49. InvestorsObserver is giving Ethereum Classic a 10 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic! Low Volatility InvestorsObserver gives Ethereum Classic a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will. ETC’s low volatility reading is coupled with a low reading on…
If you’re banking on cryptocurrency, a digital way to get paid, you may have to pay real taxes on the money you earn.>> Read more trending newsThe IRS has changed the 1040 tax form for the 2021 tax year, asking if a taxpayer has either received, sold, exchanged or disposed of digital currency, Market Watch reported.That means that if you received payment in cryptocurrency, did not receive it as a gift, or got it by mining, you may need to pay tax on it, Market Watch explained. If you moved your digital money from one account to another, or from…
Latin American real estate platform La Haus has made its first home sale for bitcoin two months after it announced it would start accepting the peer-to-peer currency as payment for property sales in Colombia and Mexico.A Peruvian woman exchanged 5.78 BTC for an exclusive apartment located in one of the most highly valued areas of the city of Tulum, Mexico’s Riviera Maya, the company announced on Wednesday.“One of the aspects that most seduced us when incorporating this payment method, in addition to the ease it represents, was the possibility of breaking down geographical barriers,” Jehudi Castro, VP of innovation and…