Payments News
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Systems

Cash May Not Be King, but It’s Still Royalty

“Yet digital’s gain isn’t necessarily coming at the expense of cash. The overall pie still appears to be growing. Only two countries, Russia and Sweden, had a net substitution of cards for cash from 2007 to 2016, with cash in circulation shrinking as card payments grew, according to the Bank for International Settlements. In other […]

On The Web

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Systems

With deletion of one wallet, $280M in Ethereum wallets gets frozen

“Digital currencies and the wallets that hold them have become an increasingly attractive target for digital pickpockets, resulting in millions of real dollars’ worth of lost currency. A $50 million heist of Ethereum currency last year exploiting weaknesses in the cryptocurrency’s underlying software threatened to break the Bitcoin competitor. But a new security bug in a popular […]
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Global

The Blockchain Won’t Save Venezuela

“Investors will have to overlook confusion about how the currency will operate. The white paper says the Petro is built on the Ethereum network, while the user guide the government published says it’s on the Nem network.”
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Systems

Coinbase Suspends Ethereum Classic After Blockchain History Rewrites

“Crypto exchange Coinbase has halted all ethereum classic transactions, withdrawals and deposits due to a series of blockchain history reorganizations on the network. Ethereum classic saw more than 100 blocks “reorganized” during a potential 51 percent attack late Sunday, according to at least two different block explorers – Bitfly (Etherchain) and Blockscout. Coinbase said in its blog post that it detected some […]

On The Wires

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Systems

Unchained Capital Open-Sources Multisig Ethereum Smart Contract and dApp

“Unchained Capital today announced that they have released an open-source multisig contract for Ethereum. The smart contract enables Ethereum holders and services to take part in multisig transactions safely and simply using their hardware wallets. The smart contract can easily be accessed via a hosted dApp. As part of the release, Unchained is also running a bug bounty program with potential […]