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Monero will feature tiny block rewards after the whole supply is mined, which will continue indefinitely. Miners have now extracted 90 percent of privacy-focused cryptocurrency Monero (XMR) and will net the remainder by May 2022, data from monitoring resource Monero Blocks confirmed Dec. 20. Monero — whose developers place anonymity and untethered usage of coins as a priorities — will have an ultimate supply of 18.4 million XMR. So far, a total of 16,659,407 XMR is available. Unlike Bitcoin (BTC) — which has a fixed supply once all coins are mined — Monero will continue generating tiny 0.6 XMR block rewards infinitely after 2022, a feature known as “tail emission.” This is to ensure miners have an incentive to keep the network secure, reference bank Moneropedia explains, stating: “Because of the dynamic blocksize, competition between miners will cause fees to decrease. If mining is not profitable due to a high cost and low reward, miners lose their incentive and will stop mining, redu..
The International Monetary Fund’s Deputy General Counsel made known about its plans to experiment with blockchain during a conference speech this week. The International Monetary Fund (IMF) said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology in comments Nov. 12. Speaking on a panel with Ripple CEO Brad Garlinghouse during the Singapore Fintech Festival 2018, IMF Deputy General Counsel Ross Leckow highlighted three areas the organization has been “active” in regarding blockchain, cryptocurrency and more. “The IMF is devoting a lot of attention to fintech and in particular to blockchain,” he told the audience, continuing: “But we think that it’s difficult to talk about blockchain without considering it in light of the other new technologies that are forming part of the fintech debate.” For Leckow, these include artificial intelligence (AI), so-called distributed ledger technology (DLT), cryptoassets and sev..
U.S.-based cryptocurrency exchange Coinbase has launched full trading for the Basic Attention Token at Coinbase.com, as well as on the Coinbase Android and iOS apps. American cryptocurrency exchange and wallet provider Coinbase has announced the rollout of full trading of the Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps, per a blog post published Nov. 8. According to the announcement, Coinbase’s customers can now buy, sell, send, receive, or store BAT along with other digital currencies supported on the platform. The exchange also notes that BAT will be available for customers in most jurisdictions, except initially for residents of the state of New York. Coinbase announced that it started accepting inbound transfers of BAT to Coinbase Pro last week, indicating that BAT trading would only start once the coin established sufficient liquidity. The exchange stipulated that the token would undergo four listing stages, including “transfer-only,” wher..
Crypto exchange Coinbase has added support for the BAT token on its Coinbase Pro platform. Major U.S. cryptocurrency exchange Coinbase has announced it is accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro, according to a blog post published Nov. 2. Coinbase added support for BAT tokens on its Coinbase Pro platform, while it will enable trading on the BAT/USD order book only when sufficient liquidity is established. Coinbase notes that BAT trading will be available in most jurisdictions, except for residents of the state of New York. BAT is not currently available on the exchange’s platform Coinbase.com and in its iOS and Android applications. Per the post, the BAT trading will go through four stages, including “transfer-only,” where users will be able to transfer BAT into Coinbase Pro accounts, “post-only,” which will enable customers to post limit orders. The other two stages include “limit-only,” where limit orders start matching, and the final stage “full t..
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