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Stablecoins Are Crypto’s Version of Fractional Reserve Banking
Jan06

Stablecoins Are Crypto’s Version of Fractional Reserve Banking

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, is the reality that some stablecoins are harmful to bitcoin adoption. A...

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SLP Devs Publish Code Bounties With $2,500+ in Crypto Rewards
Jan06

SLP Devs Publish Code Bounties With $2,500+ in Crypto Rewards

While a number of software developers work on the Simple Ledger Protocol (SLP) framework, SLP devs are still looking for other contributors to help foster the protocol’s ecosystem. In order to help bolster SLP development, the simpleledger.cash website has published requests for bounties worth a couple of thousand dollars in spice token and the stablecoin USDH. Also read: New SLP Telegram Bots Introduced to Bitcoin Cash...

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John McAfee Plans to Tokenize All 535 Members of US Congress
Jan06

John McAfee Plans to Tokenize All 535 Members of US Congress

On Saturday, the notorious John McAfee revealed a new project he’s launching that aims to tokenize all 535 members of U.S. Congress in order to sell them on the open market. McAfee said that the U.S. representative tokens will be listed on his exchange McAfeedex so people can find out what their “representative is really worth.” Also read: Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour...

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Travala Scores 33% Revenue Growth With 60% of Bookings Paid With Crypto
Jan06

Travala Scores 33% Revenue Growth With 60% of Bookings Paid With Crypto

Travala, the online platform that allows crypto users to book hotel rooms in thousands of destinations around the world, has registered remarkable growth in bookings during the Christmas holiday season. More than half of those in December were paid in cryptocurrency, with bitcoin cash among the preferred options. Also read: User Reports Reveal Visa and Mastercard Outages During the Holidays Over 1,500 Rooms Booked in December Rooms...

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