Category Archives: Crypto News

Ethereum Community Debates Raising the Block Size Limit, Once Again

The Ethereum network has become highly congested since the end of April, leading some to entertain a gas limit or block size increase. Continuing congestion on the Ethereum (ETH) network has led some developers and community members to call for increasing the gas limit, which defines its transaction throughput. Data from Etherscan shows that the average gas price rose more than three-fold since early May, with an average of about 30 Gwei in the last few days.   Source: Etherscan.io According to EthGasStation, this results in an […]

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What’s Happening in Crypto Markets Right Now? Join Live TA From Big Cheds & Korean Jew Trading

Wondering what’s happening in crypto markets right now? Join live TA with traders Big Cheds and Korean Jew Trading. Welcome one and welcome all to this week’s Crypto Markets Live show featuring traders Big Cheds and Korean Jew Trading. Click the link to head over to the YouTube chatroom for your chance to win $100 of Cointelegraph merchandise. All you have to do is guess the price of Bitcoin at 2 p.m. on June 11th. You have until midnight eastern time on Sunday to make your guesses. […]

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Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge

The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency. The global monetary system has been centered around the United States dollar since at least the end of World War II when the 1944 Bretton Woods Agreement formalized the greenback’s ascent to unchallenged dominance. Control over the world’s reserve currency came hand in hand with a boost to the nation’s already enormous geopolitical influence, as well as the ability to run huge deficits […]

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Bloomberg: Only a Matter of Time Before Tether Overtakes Ether as #2

Bloomberg’s report that provides crypto outlook for June says that it expects Tether to pass Ether as the number two cryptocurrency on the strength of the dollar. A report from Bloomberg that provides a crypto market outlook for June says that it expects Tether (USDT) to surpass Ethereum (ETH) in market capitalization. The report notes the growth of Tether’s market capitalization as one of the main drivers for the appreciation of Bitcoin (BTC): “Interest in digital links to the dollar represents the need to transact and store […]

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Crypto Integration Brings Thousands of New Users to Popular Chat App

The 100k user milestone represents 2% of Kakao’s current user base in South Korea. South Korean company, Kakao, announced that its new crypto wallet function surpassed 100,000 users in less than a day in its chat app, KakaoTalk. The feature went live on June 3. According to the internet giant, KakaoTalk’s Klip was launched with support for 11 cryptocurrencies. Nearly 90% of the country’s population currently uses the chat app, and the company hopes to draw them all into the crypto sphere. Klip is a mobile wallet […]

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Ransomware Strikes Three US Universities

Three US-based universities were targeted by the NetWalker ransomware group over the last seven days. A ransomware gang claims to have successfully attacked three universities within the last seven days. They say that their latest attack was against the University of California San Francisco, or UCSF, on June 3. Cointelegraph had access to the evidence published by NetWalker, a group of hackers, on their official dark web blog. In this blog, they claimed to have stolen sensitive data, including student names, social security numbers, and financial information. […]

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Crypto Exchange OKEx Launches Ether Options, EOS Options to Follow

Cryptocurrency exchange OKEx announced the launch of its Ether options contracts on its trading platform. Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform. According to a June 4 announcement, following today’s launch of ETH options, OKEx will also launch EOS options contracts on June 18. The firm also announced that it placed 1,000 ETH in the ETH Options insurance fund to prevent clawback. OKEx promotes options as a trading risk hedge Per the announcement, options allow traders to buy or […]

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Adam Back Says Blockchain Toppled Pyramids as It Hits New Computational Milestone

Blockchain’s has surpassed 2^92 double-SHA256 hashes, hitting a new milestone. With block #632874, which was mined on June 3, the Bitcoin (BTC) blockchain’s expected cumulative work hit a new milestone.  According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes, or 4951760157141521099596496896 hashes. Wuille noted that the previous milestone — 2^91 hashes — was secured in August 2019, also revealing the current rate: “These days we add 2^57 hashes – as much work as was done ever by november 2010 – every 1.3 milliseconds […]

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Bitfinex and Tether Reject ‘Baseless’ Lawsuit Filed Against Them

Bitfinex and Tether have addressed the updated lawsuit which accuses them of market manipulation. Bitfinex and Tether have denied all allegations featured in an amended class action lawsuit filed against their parent company, iFinex Inc, according to a blog post published today by Bitfinex. The updated lawsuit, filed on June 3 in the Southern District of New York, accuses Bitfinex, Tether, Poloniex and affiliated firms of allegedly manipulating the crypto market. The initial lawsuit was filed in October 2019.  Addressing the “baseless” lawsuit, Bitfinex General Counsel Stuart […]

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Bitcoin Trader Axes 4-Year Bull Cycle Forecast After $10K ‘Triple Top’

The price of Bitcoin is at risk of falling to $6,000, a prominent trader known as Pentarhudi warns after a 14% price drop. Prominent Bitcoin trader and technical analyst, Pentarhudi, says the price of BTC could fall to as low as $6,000. The prediction comes after the brutal rejection of $10,500 on June 2. Pentarhudi is well respected for his technical Bitcoin analysis which dates back to 2015 when the price of BTC was hovering just over $200. Before the 14% drop on Tuesday, the trader suggested […]

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