# Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions

Admin5 years ago04 mins

“# Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions ” Wally Adeyemo, the Deputy Secretary of the U.S. Department of the Treasury, said the department would likely be enforcing more sanctions on companies involved in illicit transactions related to ransomware payments. Speaking at an online event hosted by the Center…

# How to modify or cancel a pending Ethereum transaction

Admin5 years ago015 mins

“# How to modify or cancel a pending Ethereum transaction ” Ethereum is an open-source blockchain-based software platform with thousands of decentralized applications (DApps) that powers its native cryptocurrency, Ether (ETH), that can be sent and received globally without any third-party interference. First conceptualized in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum was designed as…

# The future of the vast oil and gas industry depends on blockchain

Admin5 years ago014 mins

“# The future of the vast oil and gas industry depends on blockchain ” The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage…

# Report: Driven by DeFi, North America’s crypto volume increased 1,000% year-over-year

Admin5 years ago05 mins

“# Report: Driven by DeFi, North America’s crypto volume increased 1,000% year-over-year ” Digital analytics firm Chainalysis reported that the growth in North America’s crypto market has been driven by the rise in popularity of decentralized finance. In its 2021 Geography of Cryptocurrency Report, Chainalysis said the monthly crypto transaction volume across North America grew…

# Bitcoin network tags record high for daily settlement volume

Admin5 years ago04 mins

“# Bitcoin network tags record high for daily settlement volume ” The value settled on the Bitcoin network has been surging recently, reaching a new daily all-time high last week. Bitcoin’s daily settlement value hit an all-time high on Oct. 6, with $31 billion worth of transactions being settled on-chain using the Bitcoin network. The…

# MoneyGram launches USDC settlement using the Stellar blockchain

Admin5 years ago04 mins

“# MoneyGram launches USDC settlement using the Stellar blockchain ” Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. Per a 6 Oct. announcement, MoneyGram has integrated support allowing crypto wallets connected…

# Liquid network block production resumes following transaction processing issues

Admin5 years ago03 mins

“# Liquid network block production resumes following transaction processing issues ” Block production on Blockstream’s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours. In an Oct. 5 update from a Liquid oversight board member identified only as Wiz, Liquid’s failsafe mode was activated yesterday…

# Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution

Admin5 years ago08 mins

“# Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution ” High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels…

# Verifone to enable crypto payments at major retailers through BitPay

Admin5 years ago013 mins

“# Verifone to enable crypto payments at major retailers through BitPay ” Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments. Recent data…

# Ethereum alternatives and layer-1 solutions see steady gains in September

Admin5 years ago05 mins

“# Ethereum alternatives and layer-1 solutions see steady gains in September ” The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees. According to a recent report…