{"id":3083,"date":"2020-01-27T17:25:08","date_gmt":"2020-01-27T14:25:08","guid":{"rendered":"https:\/\/crypto-mining.club\/?p=3083"},"modified":"2020-01-27T17:25:11","modified_gmt":"2020-01-27T14:25:11","slug":"whats-new-in-crypto-crypto-news","status":"publish","type":"post","link":"https:\/\/crypto-mining.blog\/en\/news\/whats-new-in-crypto-crypto-news\/","title":{"rendered":"What&#8217;s New in Crypto &#8211; Crypto News"},"content":{"rendered":"\n<p><em>Today in a selection of the latest news and events from the world of cryptocurrencies:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Rather PayPal than Flexa: Bakkt talked about a new application<\/li><li>Developer: Ethereum 2.0 zero phase baseline debugging completed<\/li><li>Tether launches stablecoin secured by material gold<\/li><li>Deutsche Bank: By the end of the decade, the number of blockchain wallet users could grow to 200 million<\/li><li>Charlie Lee invited Litecoin miners to donate 1% of the rewards from each block mined<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Rather PayPal than Flexa: Bakkt talked about a new application<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"800\" height=\"462\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-56-07.jpg\" alt=\"Rather PayPal than Flexa: Bakkt talked about a new application\" class=\"wp-image-3068\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-56-07.jpg 800w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-56-07-300x173.jpg 300w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-56-07-768x444.jpg 768w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-56-07-769x444.jpg 769w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>The new consumer app from Bakkt&#8217;s cryptocurrency platform will be able to support a wide range of digital products, including cryptocurrencies, loyalty points or promotions. This was stated by company president Adam White at the World Economic Forum in Davos, writes The Block.<\/p>\n\n\n\n<p>According to him, in the application, any value in digital form will be considered as digital assets. Thus, in addition to cryptocurrencies, it will also be able to support virtual goods and other assets.<\/p>\n\n\n\n<p>In addition, Bakkt is considering adding stock trading and a portal for sellers. All this would make the application look more like a traditional fintech product like PayPal than a cryptocurrency service like Flexa.<\/p>\n\n\n\n<p>White also noted that the \u201ckiller application\u201d in the cryptocurrency market has not yet been implemented, but he is confident that sooner or later this will happen:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWhat gives me optimism is that we are seeing great interest from developers. I\u2019m sure that someone will decide something. \u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Developer: Ethereum 2.0 zero phase baseline debugging completed<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"400\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-57-12.jpg\" alt=\"\" class=\"wp-image-3070\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-57-12.jpg 1024w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-57-12-300x117.jpg 300w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-57-12-768x300.jpg 768w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-57-12-769x300.jpg 769w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The developer Diderik Loerakker, who is preparing the specifications and implementations of Ethereum 2.0, shared on Twitter the latest information about the upcoming launch of the updated network.<\/p>\n\n\n\n<p>According to Loerakker, the zero phase of Ethereum 2.0, which consists in launching a \u201csignal\u201d circuit or Beacon Chain, went through a stabilization process. \u201cFurther, according to the plan, certain significant expansions of specifications and improvement of practical utility,\u201d he added.<\/p>\n\n\n\n<p>In addition, a design version of the first phase has already been prepared, during which the mechanism of interaction between shards or individual chains as part of the whole blockchain will be determined. The project was prepared on the basis of a \u201ccross-shard client interaction record\u201d during the DevCon conference.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cSo far it\u2019s not perfect, but it allows us to return to the right path after all the changes in the plan of the first phase,\u201d Loerakker writes. \u201cNow we can continue to write tests for the first phase and iterate over improved system details, such as custodial play.\u201d<\/p><\/blockquote>\n\n\n\n<p>Also, network tools for all data structures were brought to the new standard of the SSZ serialization algorithm. The changes have already been reflected in the increased productivity of the high-level client.<\/p>\n\n\n\n<p>The next step will be the inclusion of the three functions described by Loerakker in the main Ethereum 2.0 repository on GitHub, after which the developer intends to start preparing new monitoring tools for the test network.<\/p>\n\n\n\n<p>Earlier this week, it became known about the successful completion of the audit of the Ethereum 2.0 deposit contract, which is now ready for launch, at least in the test network.<\/p>\n\n\n\n<p>The transition of Ethereum to the second version of the protocol will be the culmination of the developers&#8217; long-term work and will consist in the gradual inclusion of the second largest cryptocurrency consensus mechanism Proof-of-Stake in the blockchain instead of the currently used Proof-of-Work.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Tether launches stablecoin secured by material gold<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-58-24-1024x538.jpg\" alt=\"Tether launches stablecoin secured by material gold\" class=\"wp-image-3072\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-58-24-scaled.jpg 1024w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-58-24-300x158.jpg 300w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-58-24-768x403.jpg 768w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-58-24-769x404.jpg 769w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Tether has launched a new stablecoin secured by material gold.<\/p>\n\n\n\n<p>According to the company, Tether Gold &#8220;grants the right to own one troy ounce of pure material gold in a certain gold bullion.&#8221; A stablecoin with the XAU ticker \u20ae will be released on the Ethereum and TRON blockchains. Tether writes:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cTether Gold is launching in response to the growing demand for digital assets that provide access to the world&#8217;s most enduring asset and the geopolitical need for an alternative financial system.\u201d<\/p><\/blockquote>\n\n\n\n<p>Gold, which will be provided with tokens, is located in a Swiss vault, the name and location of which are not disclosed. In this case, Tether will not have control over the store or take a commission for the storage of gold.<\/p>\n\n\n\n<p>Tether Gold holders will be able to exchange their tokens for gold after the verification procedure and subject to the minimum transaction size requirements. The minimum direct purchase amount of XAU \u20ae will be 50 units or 50 troy ounces of gold, that is, approximately 75 thousand dollars. Smaller units of XAU \u20ae up to 0.000001 troy ounces will be available for purchase on exchanges.<\/p>\n\n\n\n<p>Tether Technical Director Paolo Ardoino said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cTether Gold provides the combined benefits of tangible and digital assets, eliminating the disadvantages of gold storage in more traditional ways, associated with high costs and limited access.\u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Deutsche Bank: By the end of the decade, the number of blockchain wallet users could grow to 200 million<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"950\" height=\"713\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55.jpg\" alt=\"Deutsche Bank: By the end of the decade, the number of blockchain wallet users could grow to 200 million\" class=\"wp-image-3074\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55.jpg 950w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55-300x225.jpg 300w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55-218x163.jpg 218w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55-768x576.jpg 768w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55-700x525.jpg 700w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-59-55-769x577.jpg 769w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><\/figure>\n\n\n\n<p>A new study by Deutsche Bank says that while digital payments (including cryptocurrency) will \u201cgrow at the speed of light\u201d over the next decade, cash, which the bank called \u201cdinosaurs,\u201d will not disappear in the near future.<\/p>\n\n\n\n<p>Despite the widespread belief that the use of cash payments is decreasing, residents of many countries still prefer to pay in cash. For example, 69% of US residents choose cash as their preferred payment method.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cCash payments will remain part of the economy for a very long time. Over the centuries, people have gained deep-rooted trust in paper and coins in unstable times. Today, little has changed, \u201dthe researchers write.<\/p><\/blockquote>\n\n\n\n<p>The survey was conducted by German researchers who recorded the responses of 3,600 respondents from the United States, Britain, China, Germany, France and Italy. The survey featured cash, online payments, mobile payments, and cryptocurrency.<\/p>\n\n\n\n<p>Researchers noted that over the next five years, mobile payments will amount to two fifths of store purchases, which is four times the current level. \u201cIn the next decade, digital payments will grow at the speed of light, which will lead to the disappearance of plastic cards,\u201d the document says.<\/p>\n\n\n\n<p>Moreover, the report says that the projected increase in the number of owners of digital wallets may indicate the beginning of mass adoption of cryptocurrencies: \u201cIf the growth of users of blockchain wallets continues to reflect the growth of Internet users, then by the end of the decade they will be 200 million, which is four times higher than the current level. &#8220;<\/p>\n\n\n\n<p>The report pays great attention to China, which is becoming a non-cash state due to the rapid development of digital payment infrastructure.<\/p>\n\n\n\n<p>Researchers have found that online payments in China have doubled since 2012. In addition, the possible launch of the digital renminbi can have a strong impact on the global economy: \u201cIf companies doing business in China are forced to switch to the digital renminbi, this will certainly undermine the primacy of the dollar in the global financial market.\u201d<\/p>\n\n\n\n<p>China&#8217;s progress in this direction has also prompted the rest of the world to begin research on the National Bank&#8217;s Digital Currency (CBDC). This week it became known that the Bank of England, together with five other central banks &#8211; the Bank of Canada, the Bank of Japan, the European Central Bank, the Riksbank (Central Bank of Sweden) and the National Bank of Switzerland &#8211; will study CBDC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Charlie Lee invited Litecoin miners to donate 1% of the rewards from each block mined<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_16-01-35.jpg\" alt=\"Charlie Lee invited Litecoin miners to donate 1% of the rewards from each block mined\" class=\"wp-image-3076\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_16-01-35.jpg 960w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_16-01-35-300x169.jpg 300w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_16-01-35-768x432.jpg 768w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_16-01-35-769x433.jpg 769w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure><\/div>\n\n\n\n<p>Commenting on the recent initiative of the Bitcoin Cash community, according to which miners can begin to compulsorily transfer 12.5% of block extraction rewards to the development of the project, the creator of the Litecoin cryptocurrency made his own proposal to deduct part of the awards in favor of the Litecoin Foundation or other infrastructure projects.<\/p>\n\n\n\n<p>Charlie Lee\u2019s proposal, however, is more democratic: according to him, miners could donate Litecoin Foundation only 1% (0.125 LTC) of rewards for the blocks found, while doing this on a purely voluntary basis.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWhat if Litecoin pools donate 1% (0.125 LTC) block rewards to the Litecoin Foundation? If every miner \/ pool does this, about $ 1.5 million a year will come out! \u201dLee wrote.<\/p><\/blockquote>\n\n\n\n<p>Developing his idea, the creator of Litecoin emphasized that due to combined mining with Dogecoin and other cryptocurrencies based on the Scrypt algorithm, miners collect more than 105% of block rewards.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201c1% is a reasonably small amount to donate to the public good,\u201d he said.<\/p><\/blockquote>\n\n\n\n<p>Moreover, according to Lee, the matter may not be limited to one Litecoin Foundation: pools can allow miners to decide on their own donation recipients. They can be other projects in the ecosystem, for example, Litecoin.com or The Lite School.<\/p>\n\n\n\n<p>The reaction to Lee\u2019s proposal turned out to be mixed &#8211; a number of commentators supported the idea, others questioned its feasibility, others even suggested that Charlie donate the money he received to develop the ecosystem by selling his cryptocurrency at a peak in 2017.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Recommended Related Articles:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbWluaW5nL3NvZnQtZW4vcGhvZW5peG1pbmVyLTQtOGMtZXRoYXNoLWZvci1hbWQtbnZpZGlhLWdwdS1taW5lci8=\" >PhoenixMiner 4.8c: Ethash for AMD &amp; NVIDIA GPU miner<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbWluaW5nL3NvZnQtZW4vZ21pbmVyLXYxLTk1LWFtZC1udmlkaWEtZ3B1LW1pbmVyLWRvd25sb2FkLWFuZC1jb25maWd1cmUtZm9yLXdpbmRvd3MtbGludXgv\" >GMiner v1.95: AMD Nvidia GPU miner (Download and configure for Windows \/ Linux)<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbmV3cy9jcnlwdG8tbmV3cy1hLXNlbGVjdGlvbi1vZi10aGUtbGF0ZXN0LW5ld3MtMDEtMTgtMjAyMC8=\" >Crypto news: a selection of the latest news (01\/18\/2020)<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbmV3cy9jcnlwdG9jdXJyZW5jeS1hbmQtbWluaW5nLW5ld3MtMDEtMTctMjAyMC8=\" >Cryptocurrency and mining news (01\/17\/2020)<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbmV3cy91c2EtdGF4LWludGVyZXN0cy1pbi1jcnlwdG8tbWFjaGluZXMv\" >US Tax Interests in Crypto Machines<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbWluaW5nL25vZGV2ZmVlLW5vZmVlLWhvdy10by1kaXNhYmxlLWNvbW1pc3Npb24taW4tdGhlLW1pbmVyLWRvd25sb2FkLw==\" >NoDevFee (NoFee) &#8211; How to disable commission in the miner<\/a><\/noindex><!--\/noindex--><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Today in a selection of the latest news and events from the world of cryptocurrencies: Rather PayPal than Flexa: Bakkt talked about a new application Developer: Ethereum 2.0 zero phase baseline debugging completed Tether launches stablecoin secured by material gold&#8230; <\/p>\n","protected":false},"author":2,"featured_media":3071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[106,4195,53,3789],"class_list":["post-3083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bakkt","tag-ethereum-2-0","tag-litecoin","tag-tether-usdt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What&#039;s New in Crypto - Crypto News | CRYPTO MINING BLOG<\/title>\n<meta name=\"description\" content=\"Today, in a selection of the latest news and events from the world of cryptocurrencies: PayPal rather than Flexa: Bakkt talked about a new application Developer: Basic Ethereum 2.0 phase zero debugging completed Tether launched a stablecoin supported by material gold...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crypto-mining.blog\/en\/news\/whats-new-in-crypto-crypto-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What&#039;s New in Crypto - Crypto News | CRYPTO MINING BLOG\" \/>\n<meta property=\"og:description\" content=\"Today, in a selection of the latest news and events from the world of cryptocurrencies: PayPal rather than Flexa: Bakkt talked about a new application Developer: Basic Ethereum 2.0 phase zero debugging completed Tether launched a stablecoin supported by material gold...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crypto-mining.blog\/en\/news\/whats-new-in-crypto-crypto-news\/\" \/>\n<meta property=\"og:site_name\" content=\"CRYPTO MINING BLOG\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-27T14:25:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-27T14:25:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/01\/photo_2020-01-27_15-57-12.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"CRYPTO MINING BLOG\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CRYPTO MINING BLOG\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crypto-mining.blog\\\/en\\\/news\\\/whats-new-in-crypto-crypto-news\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crypto-mining.blog\\\/en\\\/news\\\/whats-new-in-crypto-crypto-news\\\/\"},\"author\":{\"name\":\"CRYPTO MINING BLOG\",\"@id\":\"https:\\\/\\\/crypto-mining.blog\\\/en\\\/#\\\/schema\\\/person\\\/9f660b842db38e47a561a4f462d90d28\"},\"headline\":\"What&#8217;s New in Crypto &#8211; 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