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News (805)

Boson Sampling Could Drastically Reduce PoW Energy Usage: Researchers

Researchers from academic institutions in the U.S. and Australia developed a new proof-of-work scheme that would greatly reduce the energy needed to achieve blockchain consensus. So reports Cointelegraph

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Crypto Volume Heads South As Exchanges See Multi-year Lows

Crypto investments hit a 32-month low last month, with exchange volume down more than 27% between April and May. So reports TechCrunch.

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Debt-ceiling Deal Could Spark Crypto Downturn: Experts

Crypto experts are predicting a downturn after liquidity retightens and the debt ceiling lifts. So reports CoinDesk.

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Fintech CEO: Birmingham 'Swiftly Gaining Momentum' In Tech and Biz Climate

Allison Fintech Co. is moving its headquarters from Florida to Birmingham, Alabama, in the wake of an Alabama Futures Fund investment into the firm. So reports AL.com.

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Stripe Expands Offerings with New Business Credit Card

Fintech giant Stripe announced a charge card program designed to make it easier for businesses to get access to credit. So reports TechCrunch.

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Crypto Theft Cases Hinges On Question Of Who Owns Mined Coins

Arapahoe County prosecutors charged Mark Shin for allegedly stealing $9 million worth of the ICON cryptocurrency by taking advantage of a software glitch. So reports a Fox affiliate KDVR.

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Digital Banking Still On the Fringe of Mainstream: New Survey

A new consumer study indicates about one-quarter of consumers used a digital bank, neobank or fintech with banking services within the last year. So reports PYMNTS.

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Fahrenheit Crypto Consortium To Take Over Defunct Celsius’ Assets

The Fahrenheit crypto consortium won a bid to buy insolvent lender Celsius’ assets. So reports Investopedia.

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Wise Shakeup At The Top Sends Waves Through Stock Price

Shares of the British fintech Wise dropped after the company announced CFO Matt Briers is leaving and CEO Kristo Kaarman would take an “extended Wise sabbatical” to spend time with his family. So reports CNBC.

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Chinese Chemical Makers Accepting Crypto for Fentanyl Ingredients Raises Eyebrows

Chinese chemical producers have begun accepting cryptocurrencies like Bitcoin and Tether as payment for the ingredients needed to make fentanyl. So reports Wired Magazine

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