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Blockchain Network With Dynamic Fees Says It Triples TPS, Overpassing Ethereum and Bitcoin

Blockchain network ARK has released Core V2, the second version of its core system. “ARK was forked seamlessly in the background and the code is now fresh,” the startup says. The company emphasizes that ARK has become “the first and the only” delegated proof-of-stake-based (DPoS) service with dynamic fees. The users decide how much they want to pay for transactions ...

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Crypto Classified as ‘Crypto-Assets’ to Prevent Confusion With Legal Tender

The Japanese Financial Services Agency (FSA) has placed cryptocurrencies into a new legal category called “crypto-assets,” English-language local media The Japan News reports Dec. 15. By classifying cryptocurrencies like Bitcoin (BTC) this way, the government reportedly “hopes that traders will no longer purchase them believing that they are legal tender recognized by the government.” On Friday, an FSA advisory panel ...

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Tether Bank Statements ‘Suggest’ Company Has Full Fiat Reserves: Bloomberg

Cryptocurrency stablecoin Tether (USDT) really does have fiat reserves equal to the value of tokens in circulation, Bloomberg claimed in a report today, Dec. 18. Citing “bank statements” it had “reviewed,” the publication became the latest source to add fuel to the controversy surrounding Tether, which has raged online since a series of legal tussles and banking reshuffles began last ...

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Blockstream Launches 5th Satellite Streaming Bitcoin Blockchain From Space

Blockchain development firm Blockstream has expanded its satellite service and is now broadcasting the Bitcoin (BTC) blockchain to all of Earth’s major land masses, Forbes reported Dec. 17. The wider coverage — which comes via the addition of a fifth leased satellite — brings potential internet-free Bitcoin transactions and information sharing to crypto users in the Asia Pacific region. The ...

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A Year After $20K All-Time Highs, Bitcoin Price Sees a Small Rally Above $3.5K

Bitcoin (BTC) saw a sudden surge Dec. 18 to regain support at $3,500, sparking a fresh round of gains across major cryptocurrencies. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 confirmed the unexpected reversal in Bitcoin’s fortunes, the largest cryptocurrency having previously traded around 15-month lows. At press time, BTC/USD hovered around $3,516, up 2.5 percent and ...

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Original Crypto Anarchist Who Was Displeased With Crypto Hype

Timothy C. May, co-founder of the cypherpunk activist movement and author of “The Crypto Anarchist Manifesto” has passed away at the age of 67. That information was first shared on Dec. 15 by alleged cypherpunk member Lucky Green via Facebook. According to Green, May had most likely died of natural causes earlier last week at his home in Corralitos, California, ...

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Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks

The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17. The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at entrant banks. UBF’s chairman, ...

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