Transaction fees make the bitcoin blockchain go round. The miners are compensated for their efforts, not only through inflationary block rewards but also through fees charged to users for adding their transaction to blocks. While fees on average make up about 4% of the total miner revenue per day, with the lion’s share coming from […]

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Ethereum is being affected by what is popularly known as the “difficulty bomb” embedded in the code – and this month’s upcoming hard fork is expected to once again push its effects further into the future.The piece of code was originally created in an effort to create an incentive – a negative one at that […]

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Chinese search giant Baidu has launched a blockchain platform aimed to simplify commercial deployment of decentralized apps, or dapps.Officially announced by Baidu Cloud on Thursday, the Baidu Blockchain Engine (BBE) platform is touted as a kind of operating system allowing developers to produce blockchain applications “just like mobile apps,” and get around the storage and […]

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While its CEO, Jamie Dimon, is notorious for his critical comments on bitcoin, investment bank JPMorgan is preparing for a future where blockchain is a key part of financial infrastructure with its own cryptocurrency.Called JPM Coin, the token has been developed by engineers at the bank, according to a report from CNBC on Thursday, and […]

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Crypto investors are pushing each other to actively participate in the networks they fund.A segment of the blockchain world has been buzzing since at least last fall about “generalized mining,” an idea that the decentralized web invites users to contribute resources to running different services – all while earning rewards for doing so. Extended to […]

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The Enterprise Ethereum Alliance (EEA) is boarding the tokenization train.The 385-member standards body plans to form a “token task force” this year, executive director Ron Resnick told CoinDesk. The group will work on a specification for tokens that run on top of ethereum and private blockchains based on it, with business uses in mind.Notably, the […]

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Mitsubishi UFJ Financial Group (MUFG) – Japan’s largest financial group and the world’s fifth largest bank by assets – is launching a blockchain-based payments network next year.The firm announced Tuesday that it has formed a joint venture with U.S.-based fintech firm Akamai Technologies to develop the platform “by the first half of 2020.”Called the Global […]

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Stock exchange operator Nasdaq is adding indices for bitcoin and ethereum to its global data service later this month.The company announced Monday that it has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information on the two new indices starting Feb. 25.The Bitcoin Liquid Index (BLX) and the Ethereum […]

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A bitcoin scaling solution called the lightning network may soon come to Square’s Cash App for mobile payments.Twitter and Square CEO Jack Dorsey, an investor in the bitcoin-oriented startup Lightning Labs, recently announced during an interview with podcaster Stephan Livera that there are plans to integrate the scaling technology with Square’s mobile app.“It’s not an […]

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General Motors Financial, the financing arm of the automaking giant, said Monday that it is partnering with blockchain startup Spring Labs on solutions for identity verification.The startup – which counts former Trump economic advisor Gary Cohn on its board of advisors – said that GM is exploring the acquisition of a stake alongside other use […]

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