Vitalik Buterin: Proof-of-Stake, Sharding to Make Blockchains ‘1,000x’ More Efficient

Ethereum co-founder Vitalik Buterin tweeted that proof-of-stake blockchains with sharding will be “thousands of times” more efficient in the future. Ethereum (ETH) co-founder Vitalik Buterin declared that future blockchains with sharding based on proof-of-stake (PoS) will be “thousands of times more efficient,” in a lengthy Twitter thread Dec. 10. In the long series of tweets,…

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US CFTC Asks for Comments to Improve Understanding of Ethereum Blockchain, Altcoin

The U.S. Commodity Futures Trading Commission has asked for public comments to improve its knowledge of the Ethereum blockchain. The United States Commodity Futures Trading Commission (CFTC) is seeking public comments and guidance on the Ethereum (ETH) blockchain, according to an official press release published Dec. 11. In order to improve the commission’s understanding of…

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Crypto-Focused VCs Invest $30 Million in Digital Banking App

Good Money, a digital banking startup, has announced it’s raised $30 million in Series A funding. The round was led by Galaxy Digital with investments from Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, Blockchange Ventures, Cross Culture Ventures, Troy Carter, Mitch Kapor, Peter Diamandis, Blake Mycoskie, Justin Rosenstein and others. Also Read: Law Professor:…

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Report: BTC Gets a Health Check in ‘The State of Bitcoin’

Delphi Digital has taken a deep dive into bitcoin core in its first “The State of Bitcoin” report. The 59-page document from the digital asset investment company leaves no stone unturned, covering everything from BTC payments to coin distribution and rolling returns compared to stocks and gold. The report brings together a plethora of interesting…

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Samsung Dismisses Galaxy S10 Crypto Wallet Reports as ‘Rumor and Speculation’

Samsung has refuted it plans to offer a crypto cold wallet on its Galaxy S10 smartphone. Samsung has refuted rumors that it has plans to offer a cryptocurrency cold wallet on its Galaxy S10 smartphone, in comments to Cointelegraph Dec. 11. The Korean-headquartered transnational tech conglomerate had recently filed three E.U. trademarks for blockchain- and…

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Gibraltar Blockchain Exchange Insures Its Crypto Assets With Local Broker

The Gibraltar Blockchain Exchange has insured all of its assets with local insurance broker Callaghan. The Gibraltar Blockchain Exchange (GBX) announced that it is offering insurance on all of the assets listed on its platform, in an official GBX blog post Dec. 10. The exchange reports that it will use local firm Callaghan Insurance Brokers…

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Ukrainian Village Distributes Dividends From Crypto Investment

Despite the market slump, the head of а village council in Ukraine has managed to earn profit from a cryptocurrency investment he made on behalf of the residents of the Elizavetovka, Dnipropetrovsk region. Earlier this year, Maxim Golosnoy bought a small amount of cryptocurrency using his own savings and has recently distributed dividends to the…

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Japanese Lawmaker Proposes 4 Tax Cuts for Crypto Users and Traders

A Japanese lawmaker has proposed four changes to Japan’s tax law to benefit crypto users and traders as well as widen the adoption of cryptocurrency in the country. The current tax rate of 55 percent could be lowered to 20 percent while crypto-to-crypto trading and small payments could be exempt from taxation. Also read: Indian Supreme…

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Galaxy Digital and Block.One Lead $30 Million Funding Round for US Disruptor Bank

The cryptocurrency VC fund has become the latest to pile into the neo-banking sector. Cryptocurrency-focused merchant bank Galaxy Digital and Block.One have led a $30 million Series A investment round in U.S. neo-banking platform Good Money. The news was confirmed by a press release Dec. 10. Aiming to balance user ownership with part donation of…

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Sentiment Analysis Service Predicoin Launches for Cryptocurrency Traders

Keeping abreast of cryptocurrencies means frequently browsing and interpreting vast amounts of content from various online sources. As the crypto markets expands and matures, information overload becomes a problem. Astute traders are increasingly seeking crypto-specific tools that can distill the noisy input data into quality insights. Predicoin is one such potential solution. Also read: Meet…

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