-
Some investors in the Telegram Open Network (TON) are reportedly ready to get their money back. In October, TON investors rejected the option to get around 77% of their money back and agreed to postpone the launch of TON to April 30, 2020.
-
First conceived earlier this year, eThaler gets its name from the thaler, a silver coin used throughout Europe for hundreds of years, from which the word “dollar” is derived. A group of professionals from consulting firms Accenture and InfoSys and the Itau Bank in Brazil, have been working on the open-source project in their free time for the past six months to explore the future of central bank currency issued on a blockchain.
-
The Bank of Uganda is encouraging banks and mobile network operators to further reduce fees on mobile money transactions and other digital payment charges to limit the use of cash and bank branch visits, increase daily transaction and wallet size limits for mobile money transactions, to make the cost of money for the business community and commercial banks low.
-
The Bitcoin network hash rate has just taken a steep plummet and is now down almost 45% from its 2020 peak. The hash rate measures the number of calculations that the network can perform each second. A higher hash rate means greater competition among miners to validate new blocks; it also increases the number of resources needed for performing a 51% attack, making the network more secure.
-
March 27 will see the expiry of Bitcoin options open interest worth 49,400 BTC ($328 million). By far the largest expiry from now until the end of June, the event may already be pressuring BTC/USD.
-
While physical delivery of Bitcoin upon contract expiry has significantly increased, other metrics for Bakkt in March — the volume of traded contracts and open interest — are both significantly down.
-
The TON Community Foundation, a group of more than two dozen software developers and investors, who are now discussing possible ways to launch the Telegram Open Network (TON) without the messaging platform’s participation.
-
The Maker Foundation has handed governance over the smart contract that underpins the MakerDAO (MKR) protocol to MKR token holders.
-
The transfer of MKR token control from it to the Maker governance community is now complete. The MKR token contract is now 100% in control of MKR holders. With MKR holders now in full control of that contract, decentralized governance is the only avenue for changing MKR token authorizations.
-
It appears that the auction has helped MakerDAO to achieve its objective. Over 4.3 million DAI stablecoins have been raised to cover the bad debt across a total of 86 auctions. However, because it was formatted as a reverse auction in which all bids were a fixed 50,000 DAI, participants “bid” by lowering the number of MKR tokens they would accept.
-
The Global System for Mobile Communications reported that the number of registered mobile money accounts surpassed one billion. It found that regulation that enables low-cost services for the financially excluded has been crucial to reaching that milestone. However, certain policy interventions, such as sector-specific taxation and data localization requirements, are putting pressure on the industry and may have long-term negative impacts on financial inclusion gains, innovation and achieving sustainable development goals.
-
A virtual card is a digital alias of a credit or debit card. Rather than being embodied in the form of a plastic card, a virtual card is just a number in a database. Once you’ve successfully applied for a regular debit or credit card, the bank will let you create virtual cards that are associated with that card. By using a virtual card to make a payment, users can protect their main card number from being exposed to the merchant. Whereas regular credit and debit cards are permanent, a virtual card can be configured for single-use or set to expire after a fixed amount of time has passed.
