Tech

When Money Becomes Programmable – Part 1

Michael Casey is chief content officer at CoinDesk. The following is part of “The Token Economy,” an essay in Alex Tapscott’s new book “The Financial Services Revolution.” Blockchain technology, and the cryptocurrencies, tokens and other digital assets it has engendered, may be moving us toward a model of programmable money that incorporates an automated internal …

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Apple is considering letting users change default email, browser, music apps in iOS

Enlarge / The iPhone 11. Samuel Axon Apple is seriously considering the possibility of allowing users to change the default apps for Web browsing, mail, or music on their iPhones. The company might also allow users to listen to Spotify or other music streaming services besides Apple Music via Siri on the iPhone or on …

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DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks

Insurance works in crypto so far, though it hasn’t had many big tests yet. Not many people had insurance on assets locked up in bZx’s Fulcrum, but after a bug yielded an exploit of its smart contract, a couple of accounts that did were covered by Nexus Mutual, the London-based crypto insurance company. Nexus Mutual …

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Bitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers Find

Bitcoin’s lightning network is growing “increasingly centralized,” making it more susceptible to attacks, asserts a new paper by security researchers. Seen as a potential solution to bitcoin’s scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been trying to spot holes …

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WATCH: Vitalik Buterin Explains the New Tech Behind Eth 2.0

Where do things stand with the tech overhaul of the world’s second-largest blockchain? We took the question to ethereum creator Vitalik Buterin at ETHDenver last weekend. Here’s what he had to say: Eth 2.0 is the next iteration of the ethereum blockchain, incorporating novel protocol designs such as proof-of-stake (PoS) and sharding. Last December, Buterin …

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Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

A new payments system is coming to Brazil later this year promising almost instant transfers. Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins on Wednesday. Slated for …

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No, Concentration Among Miners Isn’t Going to Break Bitcoin

CoinDesk columnist Hasu is a pseudonymous crypto researcher publishing analysis for Deribit Insights and his personal blog. A recent TokenAnalyst report claims a single entity could be in control of around 50 percent of bitcoin’s hashrate. The observation is based on the fact that five large mining pools have launched a new cloud mining service …

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Microsoft releases new all-in-one Office app for iOS and Android

The homescreen in Microsoft Office for iOS. Samuel Axon Pressing the add button brings up three options: Notes, Lens, and Documents. Samuel Axon Selecting documents lets you pick from these options for Excel, Word, and PowerPoint documents. Samuel Axon The other major feature at the top level in this app is Actions, which gives you …

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The Flash Loan Attacks Explained (for Everybody)

Today we’re breaking down the flash loan attacks that rocked the DeFi community in a way even your grandpa can understand, presented in both audio and full-text format below. For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Full transcript: John: …

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Samsung Continues Support for Crypto with New Flagship Smartphone

Samsung Electronics’ newly launched Galaxy smartphone will come with the same crypto storage facilities found on previous models. Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.” Although Samsung gave much more …

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