The MakerDAO loan system, administered by the Maker Foundation, hit its debt ceiling Wednesday with roughly $100 million worth of the stablecoin DAI issued and more than $339 million worth of ethereum locked up as collateral. On Thursday, the Maker Foundation proposed a new debt ceiling of 120 million DAI, which will now be voted on […]
Digital travel agent Webjet has launched its long-in-development blockchain-based platform in a bid to remove disparities in hotel booking data. Working in conjunction with Microsoft through the firm’s Azure blockchain-as-a-service sandbox since 2016, Webjet said Thursday the new Rezchain application will address hotel reservation snafus and overcharges by looking for data mismatches in real-time between customers, […]
Ethereum developers are using the Lightning payments network to build bridges into the bitcoin ecosystem. The venture-backed crypto startup Radar Relay, best known for its decentralized exchange (DEX) relayers for 0x, just launched a service called RedShift, which allows people to pay a lightning invoice from an ethereum wallet. Radar product lead Brandon Curtis told […]
Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Earlier this month, Heath Tarbert – the […]
Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Revealed exclusively to CoinDesk, the London-based firm is launching the 30-day pilot today. Knabu is best known as a payments company with a smart-deposit product meant to help companies mitigate the risks of self-custodying assets on a blockchain. […]
Ethereum’s next system-wide upgrade, Istanbul, is scheduled to arrive on mainnet the week of Dec. 4. The decision was made during an ethereum core developer call on Oct. 25. Later on Friday, Danno Ferrin, blockchain protocol engineer at ethereum venture studio ConsenSys, proposed activating Istanbul at block number 9,056,000 in accordance with the targeted date […]
The Takeaway: Moving ETH from the Ethereum 2.0 blockchain to the old ethereum blockchain may be possible in the early months (or years) after launch, new research suggests. Due to changes in data storage structure, recalling data to applications will become more expensive on the new network. Ethereum will soon lose the ability to execute […]
Plans are in place to allow non-profit UNICEF to use cryptocurrencies donated by the Ethereum Foundation and other organizations to fund internet connectivity in public schools around the world. Announced at ethereum developer conference Devcon, UNICEF unveiled a cryptocurrency fund to receive, hold, and distribute bitcoin and ether donations . Making the first contributions to UNICEF’s […]
At Devcon 5 last week, CoinDesk’s Leigh Cuen sat down with MyCrypto CEO Taylor Monahan to chat about user adoption and the state of ethereum. [embedded content] Founded in 2015, MyCrypto makes the blockchain more accessible through customer-first products for ethereum and ERC-20 tokens. As Monahan told CoinDesk, MyCrypto focuses on the customer experience: “People […]
A senior executive at Big Four auditor Ernst & Young (EY) thinks blockchain will revolutionize commerce – if the community can solve its privacy issues. [embedded content] “Blockchain is going to be the tool that ties together not just individual companies, but whole business ecosystems and networks,” says EY global innovation lead Paul Brody. “Enterprises […]
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