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EY Releases New Version of Zero-Knowledge Proof Blockchain to Public Domain

News British auditing giant EY has released a new iteration of its zero-knowledge proof (ZKP) blockchain, intending to cut transaction costs by 90%. A ZKP is a digital protocol that enables data to be distributed between the two participants without using a password or any associated information i..

PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules

News PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees. The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digita..

ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

News Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token. According to th..

Bitcoin Thermocap Approaches $15B as Miners Hit $1B in Fee Revenue

News Bitcoin (BTC) miners had made almost $15 billion securing the network as of the middle of this month. Bitcoin network pays out $15BData from monitoring and statistics resource Coin Metrics released on Oct. 15 noted that since Bitcoin’s birth in 2009, miners had received combined revenue of ju..

Binance Lists Blockstack for $250,000 ‘Long-Term Payment’

News A United States Securities and Exchange Commission (SEC) filing reveals that major cryptocurrency exchange Binance received a $250,000 “long-term payment” to keep Blockstack (STX) listed for one year. Blockstack’s SEC filing reveals that Binance received 833,333 STX, which at the $0.30 token ..

Bitcoin Network Transfers $1 Billion ‘For Price of a Cup of Coffee’

News The CEO of cryptocurrency exchange Bitstamp has highlighted Bitcoin’s (BTC) utility after funds worth almost $1 billion changed hands for less than $4 in fees. Bitcoin fees too small to comprehendAs blockchain monitoring resource BitInfoCharts confirmed on Oct. 14, the transaction at wallet a..

Finastra Joins RippleNet to Support Cheaper Cross-Border Payments

News United Kingdom-based financial software firm Finastra has partnered with Ripple to join RippleNet, a global blockchain payments network with over 200 members. Faster integration with partnersAs officially announced by Ripple on Oct. 9, the new partnership will allow hundreds of Finastra’s cus..

5 Things to Know About Grams Wallet’s Terms of Use Before GRM Launch

News Cloud-based instant messaging service Telegram has released terms of use for its native cryptocurrency wallet Grams Wallet. On Oct. 8, Telegram published terms of service the Grams Wallet, the wallet designed for its native cryptocurrency Gram (GRM), noting that the rules apply whether as a s..

Crypto Community Erupts As Coinbase Increases Fees for Retail Traders

On Thursday afternoon, Coinbase’s professional cryptocurrency exchange, the fittingly-named Coinbase Pro, revealed that it would be implementing a new fee structure to “increase the depth and liquidity of our markets”. To the surprise of many, it wasn’t a move to decrease fees for the majority of C..

Coinbase Pro’s Fees Surge 233% for ‘Lower-Volume’ Users, Whale Fees Drop

News Major United States-based crypto exchange and wallet service provider Coinbase has announced that it will increase trading fees again on its professional platform Coinbase Pro. Maker fees for trades under $10K surge over 200%Starting from Oct. 7, Coinbase Pro will adopt a new fee structure th..

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