Monthly Archives: August 2020

BAND Token is Now Available for Trading on Huobi Global

The BAND native token will be supported for trading on Huobi Global beginning August 10. Band Protocol, the cross-chain data oracle platform, said that its token BAND has been listed on Huobi Global exchange. The company clarified in a press release on its blog that trading on BAND token will start on August 10. Huobi will support BAND/U.S. dollar, BAND/BTC and BAND/ETH trading pairs.  Regarding deposits, the company stated that they will be available from August 9 and for withdrawals, they will be available from August 10. […]

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Wirex Launching in US After Receiving State Money Transmission License

Wirex has received its first money transmission license in the U.S., where the company is now gearing up to launch its “next-gen cryptocurrency platform linked to a spending card.” US Expansion Wirex announced Friday that it has received its first U.S. money transmission license and is now preparing to launch its services in the country. The license, issued by the state of Georgia’s Department of Banking and Finance on July 30 to Wirex USA, allows the company to conduct a cryptocurrency exchange business in the state. The […]

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Ethereum Options Data Suggests Pro Traders Expect ETH Price to Break $400

Ethereum price has stalled below $400 but ETH options data suggests the altcoin will push through the resistance level soon. Ethereum (ETH) options open interest increased by 5 fold over the past three months to reach $337 million.  Although this figure pales in comparison to the current $1.8 billion Bitcoin (BTC) options market, Ether options have grown to reach the same size the BTC options market was roughly 15 months ago. ETH options open interest in USD terms. Source: Skew Options are divided into two basic instruments: […]

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Minneapolis Fed’s Kashkari Calls for Stricter Lockdown

The president of the Minneapolis Federal Reserve calls for stricter lockdowns to help save the economy. The president of the Minneapolis Federal Reserve, who once claimed the Federal Reserve was flush with cash, called for a nationwide lockdown to fight COVID-19.  In an op-ed in The New York Times, Neel Kashkari and co-writer Michael T. Osterholm of the Center for Infectious Disease Research and Policy at the University of Minnesota said a more restrictive lockdown of up to six weeks is necessary to fight the virus and […]

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More Than 10,000 New Blockchain Companies Established in China in 2020

LongHash said China’s blockchain companies have increased substantially and recorded an all-time high in 2020 despite Covid-19. Blockchain and crypto data platform LongHash revealed on August 8 in a tweet that China’s blockchain sector has grown substantially despite the pandemic this year. It stated that over 10,000 blockchain companies were established between January and July.  The report also shows the current number of blockchain-related companies in China is on track to surpass 2017’s total figure. LongHash said 2020 could also pass 2018’s total of 18,500 and for […]

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Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold

The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently shaken when it was discovered that a U.S. publicly-traded company was allegedly using 83 tons of fake gold bars to secure loans worth $2 billion in China. Kingold Jewelry Inc. is based in Wuhan, China, but it is listed on […]

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Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, XRP, XMR, XTZ

Bitcoin and most altcoins are likely to remain range-bound for a few more days before resuming the next leg of the up move. The U.S. markets have rallied sharply from their March lows, led by the tech sector and Fed injections designed to hold up the ailing economy.  Markets across the globe have also joined the party as a steady economic recovery from the coronavirus pandemic picks up steam.  The fast-paced rally in global stock markets has pushed the Buffett Indicator into the bubble territory, which suggests […]

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Researchers Claim Crypto Exchange Hacks Happen in Three Ways

Hacks into crypto exchanges target open-source libraries and take advantage of inside jobs researchers said. Researchers at the Black Hat security conference revealed that crypto exchanges might be vulnerable to hackers. Although crypto exchanges have high privacy and security to protect their funds, researchers still found three ways hackers can attack these crypto exchanges, according to Wired on August  9.   The crypto exchange attacks were operating more like “an old-timey bank vault with six keys that all have to turn at the same time,â€� the report said. […]

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Bitcoin Halving and Ethereum 2.0 Bring Big Changes for Crypto Miners

How Bitcoin’s third halving, Ethereum 2.0’s launch and the COVID-19 pandemic are affecting the crypto mining industry. Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left Bitcoin (BTC) and Ether (ETH) prices soaring while provoking mixed feelings among crypto miners. The COVID-19 pandemic has left its mark on the industry as well, forcing dozens of pools to either […]

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China’s Mining Dominance Unlikely to Last: Lopp

With more chips produced outside of Asia and more countries offering cheaper power, China’s mining dominance may not last said Jameson Lopp. China’s dominance in Bitcoin mining may not last as more mining chips are produced and other countries offer cheap power sources, said cypherpunk Jameson Lopp in a blog post.  Lopp noted China has a virtual monopoly on Bitcoin mining mainly because most of the facilities that manufacture of mining chips are in Asia and its cheap power. “Over the very long term I expect we […]

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