‘Zimdollars’ Issued for First Time in Ten Years Amidst Continued Hyperinflation

The new Zimbabwe dollar has hit the streets, with banks beginning to issue the paper currency Tuesday. The ‘Zimdollar,’ existing earlier this year as coins, e-balances, the RTGS dollar, and bond notes, was returned to in June as a replacement for the Real Time Gross Settlement (RTGS) system implemented in February. While the development represents the currency’s return after 10 years of absence, hyperinflation continues to wrack the country, and many residents are unhappy with the ‘drip feed’ issuance system of much needed cash. Also Read: ‘Zimdollar’ Reboot: Bitcoin Fills…

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How Crypto Assets Are Capturing the Attention Economy

Human attention is a finite resource: we awake each day with it replenished, only for it to seep away through work, leisure, and time frittered idly browsing the web while circumventing ads. Recognizing the scarcity of maintaining human interest, attention economists have devised incentivized systems powered by crypto assets. These reward engagement and turn idle clicks into profitable browsing. Also read: 2 New Blog Sites That Allow Users to Earn Cryptocurrencies Blocktv and Brave Are Spearheading the Attention Economy Scarcity doesn’t just apply to crypto assets that come with a…

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Developer Demos Smart Card That Produces Bitcoin Cash Signatures

Software engineer Tobias Ruck has revealed a project he’s been working on that allows a smart card to produce valid BCH signatures. Ruck tweeted about his experiment to the crypto community and Bitcoin Cash proponents showed their excitement about the future of offline payments. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Harnessing Offline Bitcoin Cash Payments For quite some time the developer Tobias Ruck has been experimenting and developing concepts that help bolster the BCH ecosystem. News.Bitcoin.com reported on Ruck last year when the programmer…

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Dubai to Host City’s First Bitcoin Cash Meetup on Saturday

As Dubai is renowned as an international business and financial hub it should be no surprise it has a dedicated community of cryptocurrency supporters. On Saturday the residents of the city are coming together to learn about bitcoin cash and party. If you are in the area that day, make sure not to miss this meetup. Also Read: Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange First Bitcoin Cash Meetup in Dubai Bitcoin Cash Dubai, a local group for electronic cash supporters from the most populous city in…

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BIP 324: A Message Transport Protocol That Could Protect Bitcoin Peers

More than 10 years living in the world of Bitcoin has shown us that there is a long road ahead for Bitcoin developers, and BIP 324, created in March 2019, could be the next important step on that road. The BIP was authored by Switzerland-based Bitcoin developer and cofounder of Shift Cryptosecurity Jonas Schnelli to help address a perceived concern around the messages exchanged between Bitcoin peers. “Bitcoin: A Peer-to-Peer Electronic Cash System” is the title of the Bitcoin white paper and, as it suggests, the P2P layer is a…

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With Open-Source Caravan Wallet, Unchained Wants to Make Multisig Mainstream

Austin-based Bitcoin financial service provider Unchained Capital just unveiled its newest multisignature wallet tool. Revealed exclusively to Bitcoin Magazine in anticipation of the launch, Caravan is the latest tool in Unchained Capital’s suite of bitcoin investor products. Like the Collaborative Custody that came before it, Caravan is a multisignature bitcoin wallet, meaning it requires multiple devices/parties to sign off on a transaction before it is sent.  Unlike its predecessor, though, which relies on Unchained Capital to act as one of the signatories, Caravan cuts out Unchained as a counterparty. The…

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2 New Blog Sites That Allow Users to Earn Cryptocurrencies

During the last few years, cryptocurrency enthusiasts have explored blogging and content publishing websites that are powered by digital currencies. Recently, two new publishing websites that utilize cryptocurrencies have been gathering traction. The crypto powered blogging platform Publish 0x pays users to read content and blog using 11 different digital assets. The website Read.cash is a Bitcoin Cash-centric platform that lets people write articles with videos and images in order to earn BCH. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Read.cash: A Bitcoin Cash-Powered Blogging…

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LightningCashback Wants to Replace Fiat Change With Sats

As bitcoin grows as a medium of exchange and Bitcoiners become all the more interested in stacking sats as part of their daily activity, services are popping up that merge the worlds of everyday, brick-and-mortar retail and the original cryptocurrency. LightningCashback is the latest iteration of this trend, created specifically to bring bitcoin into the retail experience and convert your loose change into sats. Pay With Fiat, Get Change in Bitcoin LightningCashback was developed as a proof-of-concept by a group of programmers (including Ruben Waterman, the founder of Dutch Bitcoin…

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South Korean Exchange CEO Sentenced to 16 Years in Prison

A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within weeks. Also read: Korean Presidential Committee Pushes to Legalize Crypto Hefty Sentences for Crypto Exchange Executives The Seoul Central District Court has reportedly handed hefty prison sentences to executives of local cryptocurrency exchange Coinup. Judge So Byeong-seok sentenced 53-year-old CEO Kang…

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Facebook Pay is Official: Libra’s Regulatory Struggles Are Irrelevant

Libra is still facing a lot of hostility from regulators. Despite many companies leaving the Libra Association and Zuckerberg having a rough time before Congress, Facebook still continues forward with its plans and released its new fiat-only payment system named Facebook Pay. Facebook Pay was officially introduced yesterday. It was dubbed as a payment system, which will be used to settle payments across Facebook’s services including Messenger, Instagram and WhatsApp. Facebook’s VP and market & commerce Deborah Liu stated: “Many users are already using payments across our applications in order…

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