Micropayments, as the name suggests, are transactions involving small amounts of money usually done electronically. Micropayments are an integral part of today’s subscription services and in-app payments. However, many factors, technological and economical, have hindered its widespread adoption. But, the dawn of Blockchain technology and the growing adoption of crypto and digital currencies have solved many of the longstanding issues with micropayments, leading to its increased acceptance.
This week marked the fifth anniversary of the launch of the first-ever general-purpose Blockchain platform – Ethereum. At the same time, the Bitcoin price soared above US $11K, and at the time of writing this article was rallying at US $11,393.43. These and many more in Blockchain – this week.
This week was quite unprecedented in the digital currency space. This week saw some significant developments leading to the mainstream adoption of cryptocurrencies.
This week marks a significant achievement in mainstream cryptocurrency adoption. On July 22, the Office of the Comptroller of the Currency (OCC) released an interpretive letter, delineating their stand about authorizing the U.S. national banks to provide cryptocurrency custody services to their customers. The OCC charters, regulates and supervises all national banks and federal savingsContinue reading “OCC on US Banks Offering Crypto Custody”
It was quite a roller-coaster week for Bitcoin and Blockchain. Twitter hack targeting several high-profile accounts with hackers masquerading as celebrities, politicians, crypto exchanges, and crypto news-outlets, among others, and asking people to send bitcoins with the promise of returning double the coins has grasped the world this week. This news and many more from the eventful week here.
This post is originally published in Data Driven Investor. Cryptocurrencies, especially bitcoins, have shown tremendous growth so far when compared to gold and the U.S.Dollar. In June 2020, the price of bitcoin has increased by 27.8% year-on-year, while gold and the U.S.dollar have grown by 16% and 5.4%respectively. Investors’ interest in cryptocurrencies continues to grow with every passing day.Continue reading “Why Engaging With Right Crypto Exchange Matters”
This week, a lot of events happened in the Blockchain world. Here are a few abstracts of the week’s developments in the cryptocurrencies and Blockchain space.
What happened in the realm of cryptocurrencies and Blockchain this week? From Combating Corruption to Playing Chess
Would you pay $6 million for $900,000? In the cryptocurrency world, it is not unusual to hear about users paying hefty fees to get their transactions confirmed faster. But how much is anyone ready to pay? This week proved that there are no such restraints. Earlier this week, a user paid an unusual amount ofContinue reading “Blockchain This Week – $6 Million Fees to Recoverable Keys”
What has transpired in the world of Blockchain, this week?