Over Twitter, Ameen Soleimani, CEO of SpankChain, outlined a funding and governance plan for an Ethereum organization that could work to become a member of the Libra Association. Crypto Twitter had a word or two regarding Soleimani’s idea.
Researchers for the IOTA Foundation have released details of their plan to combine proof-of-work algorithms with proof-of-stake algorithms to improve the IOTA network’s ability to avoid congestion and tackle spam attacks.
While bitcoin’s current upward trend has increased the demand for mining rigs, manufacturers are also feeling the heat from established mining operations that need more computing power.
With Bitcoin IRA offering hybrid crypto and fiat individual retirement accounts (IRAs) since 2016, the digital asset IRA firm has partnered with BitGo to launch crypto IRAs, allowing individuals to diversify their holdings among 12 different digital assets.
Speaking at the Crypto Valley Conference in Zug, Switzerland, Thomas Moser, an alternate member of the governing board at the Swiss National Bank, said Facebook’s Libra project has yet to sound any alarms for the Swiss National Bank and that the country’s regulators are “pretty relaxed” about it.
The hunt for $1 million worth of bitcoin began in April, but participants were given a new zk-SNARKs-themed clue this week, which itself holds an additional $70,000 worth of bitcoin.
After an oracle error resulted in a trading bot receiving profits of 1,000 times their actual worth, an agreement between the bot’s owner and Synthetix saw the exchange platform get back 37 million synthetic Ether while the bot owner received a bug bounty.
In PoolTogether’s Ethereum-based lottery, winners receive payment from interest earned on pools of the Dai stablecoin, while everyone else receives the price they paid for a ticket back. Backers of the Libra investment token, Facebook’s token released alongside Libra, will expect to earn a profit in a similar way.
A bipartisan bill introduced today asks that platform’s with more than 100 million monthly users disclose what data is collected, how it is used, and to provide the monetary value of that data once every 90 days.
After Kik claimed its blockchain saw more activity than both Ethereum and Bitcoin, data provider Coin Metrics found that while users were creating Kin accounts, 93% of them remained empty.