Author: Decrypt
Who says Ethereum is only for DeFi and ape NFTs? In a bid to expand the use cases for decentralized tech beyond the usual suspects, Blockscan, the team that created the Etherscan blockchain explorer, has released Blockscan Chat in beta. According to the site’s homepage, “Blockscan Chat is a messaging platform for users to simply and instantly message each other, wallet-to-wallet.” To use it, you must connect to an Ethereum wallet such as MetaMask. Message recipients with an Ethereum address will get a notification via block explorer (though the message won’t be public on a block explorer). Some people are already referring to the tool informally…
Central bank digital currencies are the “inevitable evolution of today’s electronic currencies,” said the bank in a newly published report. Central bank digital currencies are “the inevitable evolution of today’s electronic currencies” and one in the U.S. could be released as soon as 2025, Bank of America said today. The bank said in a Monday report titled “U.S. CBDC: First Step in a Long Journey” that a central bank digital currency (CBDC) would differ from existing digital money available to the general public because it would be a liability of the Federal Reserve—and this would mean no credit or liquidity risk…
Think the current crypto market downturn is bad? Check out these Bitcoin crashes and bear markets. The word “crash” is thrown around a lot in crypto headlines. But most traders wouldn’t use that term for a 9% Tuesday dip for Bitcoin—especially because BTC is just as likely to regain 8% on Wednesday. But the current crypto market malaise is different. Bitcoin has fallen 16.5% in just a week, while Ethereum is posting a 23% loss and Solana is down 33%. From January 20-22, when the bottom started falling out, BTC went from $43,300 to roughly $34,650—a 20% drop in under 48…
Eric Trump took to Twitter to warn his followers about a meme coin called TrumpCoin, labeling it a “fraud.” A meme coin called TrumpCoin has caught the attention of members of the Trump family—and they are not amused. Donald Trump’s son, Eric Trump, today tweeted that TrumpCoin has nothing to do with the Trump family, is not authorized, and “legal action” will be taken. On its website, the TrumpCoin FAQ says it launched on February 20, 2016, to honor former President Donald Trump. It also calls itself the “#1 Patriot Cryptocurrency” on its Twitter account. The current market capitalization of TrumpCoin is around…