Chainlink Expected to Spend $25M More on Development Than Ethereum

According to the latest report from Flipside Crypto, Chainlink is spending one million LINKs a month rewarding node operators, outspending Ethereum by a wide margin. Chainlink’s aggressive expansion The researchers observed that 500,000 Chainlink (LINK) are sent to node operators twice a month.  Flows of LINK tokens within the crypto ecosystem. Source: Flipside Crypto. At …

Lebanese Pound Falls 50% in Ten Days — Now Worth One Satoshi

Lebanon’s national currency continues to shed value amid the country’s deepening monetary crisis, with unofficial reports indicating that the Lebanese pound, or lira, has lost 50% of its purchasing power in less than two weeks. On July 2, local crypto advocate Saifedean Ammous, author of The Bitcoin Standard, took to Twitter to assert that after …

SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed …

Binance Gets the Third Branded Emoji on Twitter as Anniversary Comes Close

Binance and its eponymous cryptocurrency, Binance Coin (BNB), is the third entity to receive a branded emoji hashtag following Bitcoin (BTC) and Crypto.com. This was announced by Binance’s CEO, Changpeng Zhao, who simply tweeted #BNB — showcasing the new emoji. #BNB — CZ Binance 🔶🔶🔶 (@cz_binance) July 1, 2020 The co-founder appears to be visibly …

American Pundi X Merchants Can Now Sell Crypto Via PayPal

Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’  PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor. The integration will take place over two stages, with U.S-based merchants who use Xpos …

ETH Scalability Isn’t Going to Be an Issue Soon, Vitalik Buterin Posits

Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin.  Vitalik says the transition will not be instant “ETH2 scaling for data will be available before ETH2 scaling for general computation,” Ethereum Buterin said in a June 30 tweet. …

International Authorities Work Together to Take Down Crypto-Funded Child Porn Ring

The Spanish Civil Guard has taken down a dark web child porn ring that used cryptocurrency transactions to pay for content. Multiple individuals across the country were ultimately arrested. According to the Spanish Civil Guard, the “Jekyll” operation captured three people involved in the “Welcome 2 Video” platform, thanks in part to additional support from …

Mining Giant BHP Completes $14 Million Iron Ore Trade Using Blockchain

The world’s largest mining company BHP Group announced today that it completed a $14 million iron ore trade using a blockchain platform developed by the Canada-based technology company MineHub Technologies.  The transaction was carried out between BHP and  China Baowu Steel Group, a subsidiary of the world’s largest steelmaker China Baoshan Iron & Steel, commonly …