Monthly Archives: July 2020

Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion

The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization. At the time of publication, a number of market valuation aggregators show that Tether’s market cap is between $9.1 to $10.1 billion. Tether (USDT) is a well known stablecoin token issued by the company Tether Limited. The company claims each token is backed by a single U.S. dollar, but during the last few years, the firm admitted the backing included loans as well. USDT has always been controversial, but even […]

More info

Russian Court: Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property

A Russian court turned down a request from a victim of a 100 Bitcoin theft seeking restitution, with the court arguing that cryptocurrencies have no legal status. On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that Bitcoin (BTC), as a virtual currency, does not enjoy the same property protection as other assets. The case goes back to 2018, when the two men impersonating Federal Security Service (FSB) agents and […]

More info

Kazakh Gov Plans to Double Its Investment in Digital Currency Mining

Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC. Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at “2020 Astana Online Financial Day”. According to the China Ministry of Commerce on July 1, Kazakhstan plans to double its digital currency mining investment by the end of this year, and continues to develop its central bank digital currency. According to the report, Kazakhstan’s digital currency mining project attracted 82.6 […]

More info

OKCoin Exec Says PayPal Will Boost Crypto Adoption, If Rumors True

OKCoin’s COO said a PayPal crypto listing would give the industry vast exposure. Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption.  “When a traditional player like PayPal, who has 325 million users, enters the crypto space, it is sure to have a positive impact in highlighting cryptocurrencies to a big new audience,” Lau told Cointelegraph […]

More info

Reddit Roundup – June 2020

Ladies and gentlemen, we bring you the first ever edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as well such as r/BitcoinMining. In this roundup there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial […]

More info

SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP. SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed to expand SBI’s crypto offering to millions of customers. B2C2 is intended to […]

More info

Crypto Mobile Apps Are on the Rise in India Following Supreme Court Decision

Crypto businesses keep showing interest in the Indian market by attracting users through products like mobile apps. India’s crypto developers have begun to release new mobile apps, following a positive ruling by the nation’s Supreme Court with regard to blockchain technology. The Court’s decision reversed laws that previously prohibited banks from providing services to crypto traders and businesses. A growing interest in the Indian crypto market B21, a digital asset investment company, recently launched their own Blockchain investment portfolio app in light of these changes. They claimed […]

More info

Price Analysis 7/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, ADA, CRO, EOS

Bitcoin and a few altcoins have bounced off their recent lows, suggesting that the sentiment remains to buy the dips. Bitcoin (BTC), gold, crude oil, and the US equity markets all rose sharply throughout the second quarter of this year. This shows that investors’ appetites remain strong as they are confident that central banks will continue to keep the money supply flowing.  While monetary easing can be a short-term solution, if it is not rolled back at the right time it can destroy the economy in the […]

More info

Mac Users Beware — New Ransomware Targets Apple Computers

EvilQuest ransomware is launching attacks against macOS users through infected installers. A new ransomware is targeting macOS users who download installers for popular apps via torrent files. Known as EvilQuest, the attack was first spotted by Dinesh Devadoss, a K7 Lab malware researcher. Findings show that EvilQuest has been quite active since the start of June 2020. Malware lab firms, like Malwarebytes, have found the ransomware attached to pirated macOS software distributed mainly through torrent sites and warez forums. Same BTC address used EvilQuest asks victims to […]

More info

Startup Brings Blockchain Functionality to Steam Gaming Platform

The Pavillion Hub games platform integrates with Steam to enable easy issue of tradable NFTs. Blockchain’s inexorable push into the world of gaming is occurring simultaneously on a number of fronts. From AAA tentpole productions backed by major crypto players, through crypto-powered Esports tournaments in popular non-blockchain titles, to encouraging developers on board with easy-to-use blockchain integration tools. GOATi Entertainment is taking a dual-headed approach of its own with its Pavillion Hub offering; targeting both the developers and players on one of the largest gaming platforms around, […]

More info
1 2 3 5