EOS to Become More ‘Community-Driven’ as Block.One Seeks to Use Dfuse’s Open-Source APIs

The technology stack behind Dfuse’s advanced blockchain APIs has been made open-source, according to a March 19 announcement. These APIs are primarily used in EOS development. Cointelegraph took the opportunity to interview the CTO of Dfuse, Alexandre Bourget, who revealed some of the far-reaching consequences of this for the EOS community. What is Dfuse? Dfuse provides a high-performance set of APIs to read blockchain data, primarily on EOS and Eosio-based platforms, as well as on Ethereum (ETH). As Bourget explained to Cointelegraph, EOS’ fast blockchain times make it difficult to…

Bitcoin Volatility as 50K BTC Options Contracts Expire

Bitcoin may soon go through high levels of volatility as a significant number of outstanding derivative contracts are scheduled to expire tomorrow. Multiple technical indexes and renowned analysts estimate that a bearish impulse is coming before a sharp rebound. The Lull Before the Storm Over the past two days, Bitcoin has been mostly consolidating within a narrow trading range that is defined by the $6,500 support level and the $6,780 resistance level. Each time the flagship cryptocurrency surges to hit resistance, it retraces to support, and from this point, it…

Heads of Binance​.US, Ledger, and ZCoin Speak to Impact of Digital Dollar on Industry

COVID-19 has wreaked havoc on the global economy. As legislators in the United States go back and forth on how best to distribute aid, the conversation has amplified the potential role of a digital dollar to avoid the traps of traditional finance. Whether or not ongoing stimulus efforts lead to the minting of a digital dollar, it’s a subject that is on the minds of U.S. legislators in a new way, especially as China’s pending central bank digital currency (CBDC) continues moving forward. Cointelegraph spoke with several leaders in the…

U.S. Just Officially Became the Epicenter of the Coronavirus Pandemic

Total coronavirus cases in the U.S. just topped China. The U.S. death toll also crossed a grim milestone. An epidemiologist projects peak COVID-19 deaths in three weeks. While most of the United States shelters in lockdown, the U.S. officially became the epicenter of the coronavirus pandemic Thursday. Total U.S. coronavirus cases just crossed higher than those in China, making America the world’s most infected nation (at least, according to the official numbers). According to World Odometer, which tabulates new cases and COVID-19 deaths daily from sources around the world, the…

National Digital Currencies: Not Yet Too Big to Fail

Over 30 years ago, in a January 1988 cover story emblazoned with a phoenix hovering over a paper-money inferno, The Economist offered this semi-prophetic vision of currency:  “Thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s…

Borderlands Collection Falls Prey to Infuriating Switch Port Trend

Borderlands is finally making its way to Nintendo Switch. The physical version requires a massive download to play all three games of the collection. This is a slap in the face to anyone purchasing Switch games without a big micro SD expansion card. It’s official. Borderlands Legendary Collection is coming to Nintendo Switch. Soon you’ll be able to play through the first three games in the classic looter-shooter series. This is spectacular news for fans of the series, but if you order a physical copy, you’re in for a nasty…

As Hypervolatility Rages, the Gold Price Is Surging for One Simple Reason

June gold futures peaked at $1,677.20/oz., fully offsetting losses incurred over a ten-day slump earlier this month. Bullion is one of the only positive-returning assets of 2020, partly because options for wealth preservation are extremely limited right now. U.S. economic numbers are about to get even grimmer as millions are laid off work amid the coronavirus pandemic. The price of gold continued to climb on Thursday, even as risk appetite returned to global markets in the wake of a landmark stimulus bill designed to restart the American economy. As Frank…

Trump’s Gambling with the Stock Market – And Boy, Is He in for a Nasty Surprise

Donald Trump is making a dangerous gamble by telling the stock market the economy will reopen by Easter. Stocks are surging now, but health officials aren’t confident the president can deliver on his promise. He may be about to learn a painful lesson. Donald Trump has not had an enviable month. He spent his first three years in office basking in a virtually unceasing stock market rally. Then, almost in an instant, those gains vanished, swallowed by the fastest bear market in history. For a man singularly obsessed with “scoreboard”…

Binance Releases Its Own Debit Card, Initial Testing Will Be in Malaysia

Binance enters the crypto debit card sector with news of an official Binance Card on March 26. Issued by Visa, the card will initially be available in South East Asia, though other regions will be unlocked soon, the company states. Like most other crypto cards, the Binance Card allows its users to spend their cryptocurrencies by converting them into fiat and piggy-backing off established debit card networks. A fairly unique aspect of the Binance Card is that its internal balance will be in cryptocurrencies, initially Binance Coin (BNB) and Bitcoin…

This Is Why the Dow Jones Is Surging to Its Best Week Since 1932

The Dow Jones rallied again on Thursday. The index is on course for its best week in almost 90 years. Fiscal stimulus and comments from Fed Chair Jerome Powell helped boost risk appetite in the stock market. Unfortunately, a historically brutal unemployment situation may only get worse. The Dow Jones kept its stunning rally going on Thursday as Nancy Pelosi stated she had “no doubts” that the $2 trillion fiscal package would be approved by Congress. Further supporting the stock market was Fed Chair Jerome Powell, who assured investors the…