Monthly Archives: December 2019

New List Claims 1.9 Million Bitcoin Held by Centralized Exchanges

Cryptocurrency enthusiasts have been discussing a newly developed exchange ranking developed by the crypto portfolio and trading bot startup Bituniverse. According to a leaked screenshot of Bituniverse’s “Exchange Transparent Balance Rank,” there’s roughly 1.9 million BTC held on centralized trading platforms. Bituniverse claims the full list of exchange balance ranks “will be disclosed on December 12.” Also Read: John McAfee Weighs in on Maximalism, Epstein’s Death, and ‘the Greatest Gift Since Fire’ There’s $13.9 Billion Worth of BTC Allegedly Stored on Global Exchanges Last year, on January […]

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Report: Android Vulnerability Allows Hackers to Steal Crypto Wallet Info

Security researchers have uncovered a vulnerability that could allow hackers to access private data on any Android phone, including login credentials to crypto wallets. Promon security researchers have uncovered a vulnerability that could allow cybercriminals to access private data on any Android phone. 500 most popular apps are at risk On Dec. 2, the Norwegian app security firm Promon revealed the discovery of a dangerous Android vulnerability called StrandHogg, which has reportedly infected all versions of Android and has put the top 500 most popular apps at […]

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Cointelegraph Launches Consulting Division to Drive Enterprise Blockchain Adoption, Partners With Insolar and VeChain

Cointelegraph launches its consulting division to drive enterprise blockchain adoption, partnering with Insolar and VeChain to grow network reach and educate the general public on the value of blockchain for business. Cointelegraph, the leading publication for blockchain and cryptocurrency news, has announced the launch of its Cointelegraph Consulting division. The new business sector is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain technology and then matching them with enterprise blockchain vendors to implement solutions. According to Gartner, the business value added […]

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Key Indicator Shows Ripple (XRP) Price Could be on the Verge of a Rally

Ripple (XRP) charts suggest that there may be early signs of a price reversal after a year-long downtrend. The majority of the Ripple (XRP) holders were waiting for the yearly Swell conference to bring some excitement to XRP price. However, the price didn’t move at all and Ripple is searching for annual lows on its USD pair.  Crypto market daily performance. Source: Coin360 The question is, was it reasonable for investors to expect a vast rally before the Swell conference or should they have not expected any […]

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China’s Great Firewall Blocks Popular ETH Block Browser Etherscan

China’s Great Firewall, a tool used to ban Chinese people from using sites like Google, and Facebook, has blocked Etherscan’s site. China’s Great Firewall, a tool used to ban Chinese citizens from using sites like Google and Facebook, has listed a major explorer for Ethereum’s (ETH) blockchain. According to data from non-profit monitoring organization GreatFire, China allegedly blocked one of the most popular ETH block browsers, Etherscan, in October 2019. As of Dec. 3, Etherscan’s domain remained inaccessible from IP addresses inside mainland China, as reported by […]

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Bitcoin Mining in North America: A New Gold Rush in the New World

The phones are ringing off the hooks at the New York offices of BitOoda, a financial services and brokerage firm that advises bitcoin mining companies and investors in the bitcoin space on investment strategies and risk management. Ryan Porter, head of business development at BitOoda, told Bitcoin Magazine that there’s lots of interest, including from Chinese companies and investors, in the new frontier of bitcoin mining in the U.S. and Canada. “We’re seeing potentially explosive growth in North America in bitcoin mining as the number of inquiries […]

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SoFi Obtains BitLicense to Offer Crypto Trading Services in New York

California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services. California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3. SoFi is now one of 24 crypto-related firms that have obtained a BitLicense since 2015, Bloomberg Law’s crypto reporter Lydia Beyoud tweeted the same day. Specifically, SoFi has acquired two licenses — a virtual currency license (BitLicense) and a money transmitter license — […]

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Wisdomtree’s Physically Backed Bitcoin ETP Goes Live on SIX Stock Exchange

New York-based ETF provider Wisdomtree has launched a physically backed bitcoin exchange-traded product (ETP) on Switzerland’s SIX stock exchange. According to Wisdomtree, the new product is not cash-settled like most ETPs traded on the SIX exchange as the BTCW investment product will be settled in BTC. Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss Bourse Wisdomtree Launches Physically Backed Bitcoin ETP on Switzerland’s Principal Stock Exchange On December 3, the American firm Wisdomtree Investments (NASDAQ: WETF) announced the launch of a new BTC-based exchange-traded product […]

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Binance Cryptocurrency Exchange Adds Support for Tezos Staking

Major cryptocurrency exchange Binance has announced staking rewards for Tezos starting Dec. 4. Binance — the second-largest crypto exchange by daily trade volume — has announced support for Tezos (XTZ) staking, according to an announcement published on Dec. 3. Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is set to end before Jan. 20, and after that on the 20th day of each following month. Binance […]

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Data Shows Crypto Exchange Volume May Not Equate to Website Traffic

Data from Amazon’s Alexa analytics website shows high volume on crypto exchanges does not necessarily mean a high traffic and engagement ranking. As a young industry, the cryptocurrency space has been like a revolving door, seeing numerous companies, projects and assets come and go with the wind. Crypto exchanges, in particular, have seen their fair share of changing tides. Outfits such as BitMEX and Binance have grown since 2017 while newcomers such as Bybit have more recently entered the spotlight.  It is not uncommon for such exchanges […]

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