Monthly Archives: June 2020

Fireblocks Launches Network for Institutions to Transfer Assets

Fireblocks builds on its multi-party computational technology to create a Secure Asset Transfer Network, allowing institutions to quickly and securely find, connect and transact. Institutional digital asset security specialist Fireblocks launched its Asset Transfer Network on June 2. The open network enables institutions to securely find and connect with their peers, to transfer assets on-chain while streamlining settlement and post-trade operations. Over 55 institutions and 26 exchanges are active on the network at launch, including liquidity providers, exchanges, brokers, market makers and custodians. More of the same, […]

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Microsoft, Nasdaq and Others to Set Global Tokenization Standards

Microsoft, IBM, Hyperledger and other technology and financial organizations have formed an alliance to develop global standards for tokenized ecosystems. Microsoft’s principal architect Marley Gray and Enterprise Ethereum Alliance’s former director Ron Resnick today launched the InterWork Alliance (IWA), a non-profit organization aimed at bringing global standards for the token-based ecosystem. At launch, the IWA has more than 28 blockchain, technology, and financial organizations from around the world, including Microsoft, Chainlink, Hyperledger, IBM, Nasdaq, Accenture, and others. The IWA indicates that startups presently working on tokenized ecosystems […]

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Elrond Invites Hackers to Stress Test Its Blockchain Network

Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test. Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test. According to an announcement on June 2, the upcoming Elrond incentivized stress test will include a variety of different attacks on the network. Elrond CEO Beniamin Mincu explained to Cointelegraph: “Anything that takes the network down is allowed, as long as it’s not breaking the law or social privacy of participants. So DDoS-ing, hijacking rewards, […]

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Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach

Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet. Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued. The thieves last moved about $255,000 or 28.4 BTC on May 22, in deals that appear timed to coincide with every spike in the price of bitcoin. BTC scaled past $10,000 on Tuesday, rising above the psychological point for the first time since the scheduled […]

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$1.4B in Crypto Stolen in First Five Months of 2020, Says CipherTrace

Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Digital asset intelligence firm CipherTrace released a report on June 2 revealing that in the first five months of this year so far, the value of ill-gotten funds siphoned through cryptocurrency crimes has reached almost $1.4 billion. This makes it possible that the amount of funds lost to bad actors in 2020 will […]

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Buterin Says Ethereum’s Layer-Two Scaling Development ‘Basically’ Succeeded

Ethereum co-founder Vitalik Buterin said that the blockchain’s initial layer-two scaling deployment is nearly complete. Ethereum co-founder Vitalik Buterin said that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. In a June 1 tweet, Buterin claimed that most of the initial work on Ethereum’s second-level scalability solutions is nearly complete.  To back his claim, Buterin linked to a tweet by Ethereum researcher Philippe Castonguay who listed a number of relevant developments and second-layer Ethereum scalability solutions that have recently launched. Castonguay noted that blockchain development firm […]

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US Government Puts Out $5 Million Bounty for Petro Supervisor

The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes. The United States government has put Joselit Ramirez Camacho, the Venezuelan government’s superintendent of the Petro cryptocurrency, on its Most Wanted List. According to a June 1 statement, the Homeland Security Investigations branch of the U.S. Immigration and Customs Enforcement agency issued a bounty for up to $5 million for any information that would lead to the capture […]

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Bitcoin Shoots Over 10k! Is This The Last Time? | OMG Launches Mainnet! | Why I’m Fasting 3 Days

HELPFUL LINKS / SOURCES â–º **(NEWS I missed) India to Significantly Increase Crypto Market Share This Year – https://news.bitcoin.com/india-significantly-increase-crypto-market-share/ â–º Chris Dunn’s Tweet – https://twitter.com/ChrisDunnTV/status/1267596401762078727 â–º DOW Jones Chart – https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years â–º Bitcoin Investors Move Millions in BTC, Shifting Funds Away From Cryptocurrency Exchanges: â–º Glassnode More Funds Move Away From Cryptocurrency Exchanges – https://dailyhodl.com/2020/03/28/bitcoin-investors-move-millions-in-btc-shifting-funds-away-from-cryptocurrency-exchanges-glassnode/ â–º Glassnode: 60% Of Bitcoin Funds Haven’t Moved In A Year – https://twitter.com/glassnode/status/1266463333433180166 â–º Glassnode: USDT Transfers To Exchanges Have Skyrocketed – https://twitter.com/glassnode/status/1267573405517262848 â–º OMG Finally Launches Ethereum Scaling Solution, Integrates Tether […]

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Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada

From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses. Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework. Candian crypto firms must now report all transactions exceeding 10,000 Canadian dollars ($7,403), and register and comply with the Financial Transactions and Reports […]

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Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations

Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime. Venezuela has announced that petrol stations across the nation will sell gasoline at a reduced price in exchange for the country’s state-issued, oil-backed cryptocurrency, the Petro. However, the announcement comes alongside the removal of local petrol subsidies that will see the price of gasoline spiking from close to nothing to $0.02 per liter. Venezuela introduces new petrol regime Amid acute petrol shortages, June 1 saw […]

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