Monthly Archives: June 2020

New Head of US Regulator and Former Coinbase Lawyer Invites Banks and Crypto to Collaborate

Following a request for input on how crypto and banking can work together, new acting Comptroller of the Currency Brian Brooks talks first priorities in work with the industry. In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how the two can interact.  Crypto meets banks The Advanced Notice of Proposed Rulemaking asks banks and industry leaders to respond to a number of questions — notably: “What activities related to cryptocurrencies […]

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Patoshi Researcher: ‘Satoshi won’t use his coins ever’

Renowned researcher believes that Satoshi was altruistic and thus will never spend his 1.1 Bitcoins, making it the fairest asset. The researcher who identified 1.1 million Bitcoins (BTC) that Satoshi Nakamoto mined, said that his research makes him believe that Satoshi was altruistic and will never spend his coins. Sergio Demian Lerner, the designer of the second layer Bitcoin protocol RSK and renowned crypto researchers in the Reddit AMA said that it took him three years to discover privacy flaws in the Bitcoin code that led to […]

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Revolut Reportedly Fires Dozens of Employees for Coronavirus Cost-Saving Reasons

European startup Revolut reportedly asked employees to leave as part of a cost-cutting effort amid difficult times. In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired. “Some of the employees allegedly pressured to leave have been left stranded in a foreign country without a job or health insurance in the middle of a pandemic,” describes author Emiliano Mellino, collecting stories from multiple Revolut employees. The company reportedly staffed a great number of employees at […]

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A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions could not provide such services. The reason bitcoin cash is supported by these vending machines in Hong Kong is because bitcoin transaction fees are 1,931x more expensive than bitcoin cash transactions. Hong […]

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Coronavirus Lockdown Boosts Bitcoin Trading in Russia

COVID-19 pandemic seems to be one of the drivers behind the recent sharp increase in Bitcoin trading volume across Russia. On June 4, a new study performed by a number of Russia-based crypto exchanges revealed a significant rise in Bitcoin (BTC) trading across Russia since March amid the COVID-19 lockdown. As RBC reports, representatives from the Russian offices of exchanges like Binance, Garantex, and EXMO, highlighted the growth in the number of users in Russia. This number is relative to the increase in trading volumes from March […]

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Both NXT and Algorand Claim to Have Developed First Proof-of-Stake Chain

Algorand claims in its promotional materials to be the first PoS blockchain, but NXT lead developer says his project was first. Cryptocurrency Algorand (ALGO) claims in its promotional materials to be the first proof-of-stake, or PoS, blockchain, but NXT lead developer Lior Yaffe claimed that his project was first. In a June 3 tweet, Yaffe accused Algorand’s of misleading the cryptocurrency community for marketing purposes, by falsely claiming to be the first PoS blockchain. He wrote: “The algorand marketing machine has misleadingly crowned themselves as the “First […]

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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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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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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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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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