Monthly Archives: August 2019

ERC20 Tether Transactions Flip Their Omni Equivalent

Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC. ERC20 tether transactions cost users more than $260,000 in the last 30 days and the over-saturation of trades is 17X larger than the infamous Crypto Kitties fiasco. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Tether Migrating […]

More info

French Police Shut Down 850,000 Computer Botnet Used for Cryptojacking

French police have located the server of a massive botnet, which had previously been utilized by hackers for XRM cryptojacking. French police have shut down a massive botnet that has been used for Monero (XMR) cryptojacking. Cryptojacking backed by “massive firepower” BBC News reported the development on Aug. 27. According to the police, the botnet was distributed by sending virus-laden emails with offers for erotic pictures or fast cash, and further propogated through infected USB drives. The virus, called Retadup, ultimately infected 850,000 computers in over 100 […]

More info

Report: Blockchain Activity at Top Universities Increased Since 2018

Cryptocurrency trading platform Coinbase has come out with a new report on blockchain in education, indicating growing interest at top universities. New research by major cryptocurrency trading platform Coinbase shows that 56% of the top 50 universities in the world offer one or more classes on cryptocurrency or blockchain tech. Metrics indicate growing interest Coinbase shared its research in an official blog post on Aug. 28 in which it used rankings from US News and World Report for its list of the top 50 universities. This included […]

More info

BitTorrent to Begin Alpha Testing Blockchain-Based Streaming Platform

BitTorrent, a company known for its file transfer service, is testing its blockchain-based live streaming platform with an intended launch in Q1 2020. Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019. Platform overview BitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) — supports live video content and an instant messaging service. Additionally, its underlying system […]

More info

World’s 3rd Richest Man Denies Involvement in Belgian Crypto Firm

French billionaire Bernard Arnault has denied reports that he was involved in a Belgium-based cryptocurrency trading firm. Bernard Arnault, the world’s third richest man, has denied his involvement in setting up a new Belgian crypto trading company Abesix Belgique. Arnault was reported to be a co-founder of Abesix by Belgian business publication De Tijd on Aug. 28. Subsequently after the publication of the article, De Tijd posted an update that Arnault has formally denied the report. According to De Tijd, Abesix would trade in six major cryptocurrencies, […]

More info

Price Analysis 28/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, XMR

Bitcoin is getting ready for a large move. At what level does it become a buy? Let’s analyze the charts. In the past few weeks, both Bitcoin and gold have attracted investors who have flocked to safe haven assets due to trade wars and an uncertain geopolitical environment. While traditional investors prefer investing in gold, the discovery of fake kilogram gold bars in the vault of JP Morgan Chase points to a forgery crisis. While gold owners need an expert to confirm the authenticity of their holding, […]

More info

Bitcoin Price Drops Sharply Below $10K, Marking New Weekly Low

The Bitcoin price has dropped sharply below $10,000, marking a new weekly low and sending the currency back to where it started the 30-day period. The price of Bitcoin (BTC) has dropped dramatically today, falling by $600 at  6:00 p.m. UTC on Aug. 28. In the course of an hour, the Bitcoin price sank from $10,269 to $9,630, but is currently attempting to stage a recovery. At press time the coin is trading at $9,721. Bitcoin price. Source: Coin360 Bitcoin’s current position marks a weekly low for […]

More info

Crypto Advertisement Still Unwelcome, How Is the Industry Coping?

Countries and internet companies hold on to hard stances on cryptocurrency advertising, as the industry seeks to survive the challenges. The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics since January 2019. The ASA received four complaints, each accusing the platform of being misleading about Bitcoin investment profitability. The court satisfied the complaints.  However, this was not the first time that […]

More info

Bakkt Clients Can Start Warehouse Deposits on Sept. 6

Bakkt clients will be able to start depositing their Bitcoin in the platform’s custodial offering, Bakkt Warehouse, starting Sept. 6. Bakkt clients will be able to start depositing their funds in the Bakkt Warehouse for physically delivered Bitcoin (BTC) futures starting Sept. 6. Bakkt to debut futures trading on Sept. 23 On Aug. 28, the much-anticipated crypto trading platform Bakkt announced on Twitter that its qualified custodian, Bakkt Warehouse, will begin offering storage of customer’s Bitcoin in early September. Storage will start weeks before the scheduled launch […]

More info

EY Requests to Move QuadrigaCX Crypto Exchange Bankruptcy Case

EY, the auditing firm working on the QuadrigaCX bankruptcy case, asked a Nova Scotia Supreme Court judge to move the proceedings to Toronto. EY, the Big Four accounting firm appointed to work on the QuadrigaCX crypto exchange bankruptcy case, wants to move the proceedings from Halifax to Toronto. Local news outlet The Star reports on Aug. 28 that EY has asked a Nova Scotia Supreme Court judge to move the case to Toronto. The firm states that the involvement of four law enforcement agencies has added to […]

More info
1 2 3 4