Multibillion Investor Doubles Down on Bitcoin Mining

BitPay Adds SegWit, BlockFi Doubles Revenue, 3 News From Cardano + More

This is our daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Major crypto payments company BitPay added support for SegWit in their wallet as an optional feature, and enhanced integration with Coinbase to enable users to directly manage their Coinbase wallets from inside the BitPay App. Later this year, support for SegWit, which lets save around 30% in miner fees, will be a default ...
BitPay Adds SegWit, BlockFi Doubles Revenue, 3 News From Cardano + More

Coin Race: Top Winners/Losers of June, 2nd Quarter, and 1st Half 2020

May's mixed bag turned into a June's red one - at least for the top 10 coins by market capitalization. Only one has seen a rise in its price in the month of June. Nonetheless, for the coins outside of the top 10 list, the picture is not as drastic. Though many saw a drop in their prices, many others appreciated. The situation is also a lot greener when observing the coins in the past 3-6 months. Therefore, this time we're not looking only at the previous month, but the previous quar...
Coin Race: Top Winners/Losers of June, 2nd Quarter, and 1st Half 2020

Ripple Partner SBI Gains UK Foothold after Agreeing USD 30m B2C2 Deal

Japanese financial giant SBI Holdings has agreed a deal to buy a USD 30 million minority stake in Britain-based crypto player B2C2. The latter also says it will “launch a full prime brokerage for both crypto and other asset classes,” per its founder. According to Reuters, SBI has agreed to the deal in principle, and SBI’s SBI Financial Services subsidiary will enter into a formal partnership with B2C2. SBI is one of Japan’s most notable and powerful crypto players. The company co-runs Ripple’s b...
Ripple Partner SBI Gains UK Foothold after Agreeing USD 30m B2C2 Deal

Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season

Russian crypto owners have been warned that they have just a month before the taxman comes calling – with miners, custodians and traders all required to declare their profits. Although the country is likely still “a year or more” away from comprehensive crypto laws, the tax code has been changed in time for this year’s tax season – meaning that anyone in Russia making money from crypto in 2019 is legally obliged to report their earnings. Per RBC, Russians were originally required to submitting t...
Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season

Another Million People Tried Crypto in the UK + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news 3.86%, or 1.9 million, of the general population in the UK currently hold cryptocurrencies, the Financial Conduct Authority (FCA) estimated, citing their newest survey. Moreover, the share of those who hold or held cryptoassets increased by 2.35 percentage points, to 5.35% (from approximately 1.5 million peopl...
Another Million People Tried Crypto in the UK + More News

CBDCs Might Increase Central Banks' Footprint on Financial System - BIS

The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS). It is likely that CBDCs will change the relationship between central banks and society. The bank's special chapter of the Annual Economic Report discusses the central bank's role in the payment system, stres...
CBDCs Might Increase Central Banks' Footprint on Financial System - BIS

Russian Blockchain-powered Voting Platform ‘Withstands Node Attack’

The operators of Russia’s blockchain voting system say their platform successfully repelled a hacking attack in the nation’s referendum on constitutional reform. Blockchain voting is being piloted in the cities of Moscow and Nizhniy Novgorod, and began on June 25. Citizens in both cities were required to pre-register their interest in casting blockchain votes, with a total of around 1 million in the capital signing up to the platform. This allows them to cast votes via their smartphones. However...
Russian Blockchain-powered Voting Platform ‘Withstands Node Attack’

Bitcoin Mining Difficulty Might Remain At Almost the Same Level

Bitcoin (BTC) mining difficulty is estimated to adjust tomorrow, offering a small change to miners following the highest adjustment in two years recorded two weeks ago. The next adjustment is expected to happen on Tuesday afternoon (UTC time). The next adjustment is expected in a day. Per the current estimates by the major Bitcoin mining pool BTC.com (15:57 UTC), the measure that shows how hard it is to compete for mining rewards is expected to slip by 0.36%. If so, this would bring the difficu...
Bitcoin Mining Difficulty Might Remain At Almost the Same Level

Mining, Steel Giants Complete USD14m Blockchain-powered Iron Ore Trade

One of the world’s largest mining companies, BHP Group, says it has completed a USD 14 million blockchain-powered iron ore transaction with China’s Baosteel – one of the largest steelmaking firms on the planet. The move follows on from last month’s trade between the two companies that saw BHP conduct its first-ever yuan iron sale to Baosteel. Baosteel is part of the China Baowu Steel Group, while BHP is based in Melbourne, Australia. A number of Chinese companies have been keen to move commoditi...
Mining, Steel Giants Complete USD14m Blockchain-powered Iron Ore Trade

DeFi Attackers Get 'More Creative', Steal USD 500,000 From Balancer

Decentralized finance (DeFi) liquidity providing platform Balancer was hacked today, reportedly with USD 500,000 worth of crypto stolen. Following several reports online, Balancer confirmed that on June 29 an incident occurred, affecting two pools containing transfer fees, known as deflationary tokens. Their report provided steps for how this was done, entailing taking a flash loan in ethereum (ETH) from the non-custodial exchange dYdX, converting them to WETH (Wrapped Ethereum), trade more of ...
DeFi Attackers Get 'More Creative', Steal USD 500,000 From Balancer

FTX Exchange 'Games the Rules' on BAL Token Distribution – Report

Following a sharp rise in price during its first few days of trading, decentralized finance (DeFi) platform Balancer’s BAL token is down by nearly 16% today - after the team behind the new protocol had to intervene to stop an exchange from continuing to exploit a weakness in the token distribution system. The exchange in question was the crypto derivatives exchange FTX, which according to The Daily Gwei newsletter "attempted to game" the system yesterday by supplying a large amount of liquidity ...
FTX Exchange 'Games the Rules' on BAL Token Distribution – Report

New Balancer Token More Than Doubles in Price as COMP Drops Sharply

After an impressive rise – and subsequent fall – in price for Compound Finance’s COMP token over the past weekend, a new contender has already arrived to the DeFi land, making a splash on the first day after it started distributing its new token to users. The new platform in question is Balancer, a protocol that describes itself as “an automated portfolio manager, liquidity provider, and price sensor.” And according to ranking website DeFi Pulse, the protocol is already seeing huge success in th...
New Balancer Token More Than Doubles in Price as COMP Drops Sharply

Crypto Listing and Delisting Announcements: Week 25

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. __ Bibox Listings: ABBC Coin (ABBC) BiKi.com Listings: Multicoin (MTCN) Wrapped Bitcoin (WBTC) Compound (COMP) Bilaxy Listings: Ormeus Cash (OMC) Ormeus Coin (ORMEUS) RiverMount (RM) Flexacoin (FXC) IDEX Token (IDEX) BitcoinPo...
Crypto Listing and Delisting Announcements: Week 25

High Jumps, (Self)Hacks, Heated Competitions and 20 Crypto Jokes

This week in the Cryptoverse, BTC mining difficulty made the highest jump in two years, the sender of USD 5.28 million Ethereum (ETH) transactions was revealed, and stablecoin volume became 5x ETH volume on Ethereum. Hackers stole a bitcoin with a “brute force” attack, while Bancor discovered a vulerability and hacked itself. The number of BTC whales was rising, but their wealth 'declined', the competition between BTC mining ASIC manufacturers is heating up, and Vitalik Buterin criticize...
High Jumps, (Self)Hacks, Heated Competitions and 20 Crypto Jokes

Japanese Financial Giant Nomura Launches Digital Asset Custody Service

Japan looks to have a brand new crypto player – with big-hitting financial group Nomura launching digital token-related business activities. Per Japanese media outlet CoinPost, the Japanese company has teamed up with crypto firms Ledger and CoinShares to launch B2B “digital assets” custodial services with a Jersey-based platform named Komainu. Nomura provides retail and investment banking services in Japan, as well as securities and asset management. Like most larger Japanese companies, it also ...
Japanese Financial Giant Nomura Launches Digital Asset Custody Service

South Korean Crypto Tax Reports, Canada's CBDC + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about forthcoming crypto tax plans that will see cryptocurrency-related profits taxed under capital gains taxation rules. Per Yonhap, Hong added that the country was trying to persuade other G20 nations to do likewi...
South Korean Crypto Tax Reports, Canada's CBDC + More News

Competition Between Bitcoin Mining ASIC Manufacturers Is Heating Up - Report

After Bitcoin halving, ASIC mining equipment producers will compete increasingly more aggressively, and in the long term, only 2 or 3 industry players will survive, states a report by BitMEX Research. The report looks into the history and current situation, as well as the efficiency of mining equipment from the five largest producers of Bitcoin ASIC mining equipment: Bitmain, Canaan/Avalon, Ebang, MicroBT, and Innosilicon. [1/6] Battle For ASIC SupremacyWe look at the history of Bitcoin mining...
Competition Between Bitcoin Mining ASIC Manufacturers Is Heating Up - Report

Sender of USD 5.3 Million ETH Transactions Reportedly Revealed

It seems that the sender of last week's USD 5.28 million Ethereum (ETH) transactions has been revealed. Blockchain analytics and security firm PeckShield claims to have identified the sender - a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange "appears to be a Ponzi Scheme project", claims the firm. Update: We have identified the victim, a small P2P exchange in Korea called Good Cycle, which appears to be a Ponzi Scheme project. Our investigation found ...
Sender of USD 5.3 Million ETH Transactions Reportedly Revealed

Compound's COMP Becomes Most Valuable DeFi Token, but There's a 'But'

Just days after it first entered into circulation, decentralized lending and savings platform Compound’s new token COMP has positioned itself as the most valuable token in the decentralized finance (DeFi) space. But it's high valuation may not show the complete picture, as more then 7 million coins are yet to enter circulation, says an industry insider. As of press time on Wednesday (10:29 UTC), COMP traded for 0.31 ETH, or USD 72.58 on the decentralized token trading platform Uniswap. Acco...
Compound's COMP Becomes Most Valuable DeFi Token, but There's a 'But'
More ↗
RSS Coupons Search