Hacker Steals $250K From Decentralized Crypto Exchange Bisq
- Though the software flaw has already been corrected, the attacker was still able to steal approximately 3 BTC and 4,000 XMR.
- The software flaw came as part of a trade protocol update meant to improve decentralization, released back in October 2019.
Shanghai Gas Partners With VeChain On a Blockchain-Based EaaS Platform
- The first stage of the project includes uploading all valuable information to the VeChainThor blockchain.
- During the next stages we would expect the inclusion of other countries from "The Belt and Road" initiative.
The Bank of Korea Launches Digital Currency Pilot
- The new CBDC pilot will look into the technological and legal issues of replacing fiat cash with a digital equivalent.
- Though still skeptical, the Bank of Korea wishes to be prepared should there be a shift in "domestic and external conditions".
Waves.Exchange Starts Charity Campaign to Help Organizations Battle COVID-19
- The campaign has already raised more than $100,000 from donations worldwide.
- Participants can get involved in the campaign by predicting the pandemic spread for a certain period, using prediction coins.
GrainChain to Grow on a Global Scale, Shifts to Symbiont Assembly
- It is expected that Symbiont's Assembly will provide the much needed scalability and privacy features demanded by the modern market.
- Recently GrainChain closed a $8.2m funding round led by Medici Ventures.
Republic To Create New-Class Digital Asset On The Algorand Blockchain
- More than 170 startups have raised funds with the help of the Republic platform.
- Algorand's COO is pleased with Republic's work, which allows anyone to invest in startups from a wide spectrum of industries.
Chainalysis Partners With P2P Exchange Paxful
- The exchange will utilize Chainalysis's Reactor and KYT tools.
- The goal is to monitor activity on the exchange and help identify suspicious transactions in order to prevent breaches.
KuCoin Reveals The Establishment of KuGroup Business Unit
- The new structure corresponds to KuCoin's substantial growth and will include three inner groups.
- Both Gan and Lyu, the new managers of the units, have a rich background in various industries and bring ambitious ideas.
Celsius Network Projecting Record Revenues For March Despite Economic Collapse
- Cryptocurrency lending platforms Celsius and Nexo both announced reassuring details about their performance in the market crash.
- Despite decaying market conditions, Celsius is expecting record revenue in March.
Editors' Picks
Bancor Now Offers a Unibright Liquidity Pool
- Users can also earn fees from UBT trades on the automated liquidity pool.
- UBTBNT Pool Tokens are used to utilize the swap between UBT and BNT and are the ones that generate the fees.
DeFi-Friendly Smart Wallet Startup Raises $12M
- Argent's $12 million Series A funding round was led by the Sequoia Capital-backed fund Paradigm.
- Thanks to previous partnerships, the wallet allows its users to to purchase cryptocurrency with their debit cards and Apple Pay accounts.
Sweden to Begin One Year Tests of its CBDC
- Participants in the pilot project will hold their e-krona's in a digital wallet, and make payments, deposits and withdrawals through a mobile app.
- The bank has also said that if the e-krona is ever released to the public it would not replace cash, but complement it.
London-Based Startup to Apply for U.K. Banking License to Serve Crypto Firms
- This will be DAG Global's second attempt at a full banking license in the U.K., after its failed attempt in 2018.
- The company is hopeful regulators will approve its application this time, seeing how it has not raised any "red flags" so far.
Coronavirus Spread Can Be Observed Via Acoer Application, Powered by Hedera Hashgraph
- The Coronavirus HashLog dashboard provides info on the number of confirmed cases and the deaths and recoveries per hundred infections.
- This is a great example of how DLT technologies can serve the healthcare and public health areas.
Andrew Yang Shares Standpoint on Crypto Regulation, Blockchain Technology
- In an interview with Bloomberg, Andrew Yang talked about how we need a strict set of rules regarding digital assets.
- He also mentioned that blockchain technology has a high potential and that "we should be investing in it".
Anti-Coronavirus Foundation to Leverage Blockchain in Search for Vaccine
- The foundation aims to raise $30 million to fund an anyone who comes up with a vaccine.
- The coronavirus has killed at least 17 people in Wuhan, China, with hundreds already diagnosed and the virus spreading to the United States.
Opinion
Can Bitcoin be Used as a Central Bank Digital Currency?
- As unlikely as it might be, we took a look at bitcoin being used as a central bank digital currency.
- We listed the pros and cons, as well as the necessary evolution bitcoin would have to go through in order to be used as a CBDC.
Opinion: 2020, The Return of Cryptocurrency
- With three bullish trends dominating this January alone, the crypto market is showing strong signs of an all-out bull charge.
- The quick progress of blockchain and digital assets into a multitude of industries is fueling a new bubble, bringing up memories of the 2018 Armageddon.
Democratic Presidential Candidates Should Talk About Cryptocurrency
- Aside from a few generic mentions, cryptocurrency has been left out of the 7 Democratic debates so far.
- The digital assets sector has matured enough to demand the attention of top-level lawmakers as regulatory uncertainty keeps hindering innovation.
Fraud is Holding Back the Crypto Market. Will it Ever End?
- Investors need to start evaluating projects more critically, opting to invest in what people do, not what they say.
- More than $4 billion worth of cryptocurrency have been stolen in 2019, compared to $1.7 billion in 2018.
Why Are You Still Not Using Brave?
- The privacy-focused browser is quickly gaining momentum after its 1.0 version release.
- With features like Brave Rewards, seamless security, and top speed, Brave is gradually turning into the benchmark browser of the future.
Can China’s Blockchain Push Unleash the End-of-Year Bulls?
- China publicly announcing their support for blockchain innovation seems to have given the bulls a reason to charge again.
- Total crypto market cap has jumped by more than $40 billion in a matter of hours, with Bitcoin closing in on $10,000.
Why the Libra Exodus Might be Good for the Project
- With organizations withdrawing in droves, thoughts of Libra's downfall naturally come to mind.
- However, with the seeming invulnerability of the project now shattered, policymakers might take a more objective approach towards the venture.
In Other News
Ethereum, Bitcoin Cash, EOS Now Available on Binance Lending
- The option to supply any of the three cryptocurrencies is already available for users of the exchange.
- Users are limited to supplying at most 1 million units of any single crypto asset, which in the case of Bitcoin Cash makes up more than 5% of the circulating supply.
Taiwanese Startup ITM Secures Pre-Series A Funding From MediaTek
- This is MediaTek's first investment in a blockchain startup, but the semiconductor firm will not be involved in the development process.
- ITM's new SDK will be adapted across apps and will cope with larger data input.
Responding To The Coronavirus, ODEM Offers Its Blockchain Education Platform Free of Charge
- ODEM's platform will be available until people can safely return to campuses.
- It provides everything needed for online classes - from enrollment and knowledge management to certificate issuance.
Japan’s Largest Blockchain Conference Rescheduled Due to Coronavirus
- While the venue, schedule and setup will remain the same, the TEAMZ Blockchain Summit was postponed until September.
- The organizers of the event are also planning a virtual summit, held 100% online, which will take place between 18 and 23 May.
The Biggest Worker Proposal Fund in Blockchain History Announced by WAX
- More than 75 million WAX tokens are waiting for developers who put time and effort into growing the WAX blockchain.
- Every project will be carefully reviewed in two stages, with 35% for being the win condition.
Binance Opens Up XTZ Deposit For US Customers, Trading Starts Today
- Deposits are already available on Binance US, withdrawals will be enabled when trading starts at 9:00 AM EST.
- At the time of writing, Tezos is the worst performer amongst the top 25 cryptocurrencies, dropping 28% within 24 hours.
J.P. Morgan Chase Settles Lawsuit Over High Credit Card Crypto Charges
- The original complaint was looking to have J.P. Morgan Chase refund all wrongfully made charges, and pay $1 million in statutory damages.
- Even though we have no details of the settlement, we do know that all parties now have 75 days to submit their stipulations of settlement.
China’s Central Bank Blockchain Trade Platform To Receive $4.7M
- The People's Bank of China has secured $4.7 million from the government for its blockchain-based trade platform.
- Used by a network of 38 banks and 1,900 firms, the platform has already decreased corporate financing costs to bellow 6%.
India’s Central Bank to Appeal Supreme Court Crypto Decision
- The Reserve Bank of India is concerned that lifting the ban could pave the way for cryptocurrency trading.
- Imposed by the RBI back in April 2018, the ban was opposed by crypto exchanges and startups across the country.
Bancor Now Offers a Unibright Liquidity Pool
- Users can also earn fees from UBT trades on the automated liquidity pool.
- UBTBNT Pool Tokens are used to utilize the swap between UBT and BNT and are the ones that generate the fees.
KuCoin Reveals The Establishment of KuGroup Business Unit
- The new structure corresponds to KuCoin's substantial growth and will include three inner groups.
- Both Gan and Lyu, the new managers of the units, have a rich background in various industries and bring ambitious ideas.
Ethereum, Bitcoin Cash, EOS Now Available on Binance Lending
- The option to supply any of the three cryptocurrencies is already available for users of the exchange.
- Users are limited to supplying at most 1 million units of any single crypto asset, which in the case of Bitcoin Cash makes up more than 5% of the circulating supply.
Binance Opens Up XTZ Deposit For US Customers, Trading Starts Today
- Deposits are already available on Binance US, withdrawals will be enabled when trading starts at 9:00 AM EST.
- At the time of writing, Tezos is the worst performer amongst the top 25 cryptocurrencies, dropping 28% within 24 hours.
Shanghai Gas Partners With VeChain On a Blockchain-Based EaaS Platform
- The first stage of the project includes uploading all valuable information to the VeChainThor blockchain.
- During the next stages we would expect the inclusion of other countries from "The Belt and Road" initiative.
Waves.Exchange Starts Charity Campaign to Help Organizations Battle COVID-19
- The campaign has already raised more than $100,000 from donations worldwide.
- Participants can get involved in the campaign by predicting the pandemic spread for a certain period, using prediction coins.
Republic To Create New-Class Digital Asset On The Algorand Blockchain
- More than 170 startups have raised funds with the help of the Republic platform.
- Algorand's COO is pleased with Republic's work, which allows anyone to invest in startups from a wide spectrum of industries.
Chainalysis Partners With P2P Exchange Paxful
- The exchange will utilize Chainalysis's Reactor and KYT tools.
- The goal is to monitor activity on the exchange and help identify suspicious transactions in order to prevent breaches.
Celsius Network Projecting Record Revenues For March Despite Economic Collapse
- Cryptocurrency lending platforms Celsius and Nexo both announced reassuring details about their performance in the market crash.
- Despite decaying market conditions, Celsius is expecting record revenue in March.
India’s Central Bank to Appeal Supreme Court Crypto Decision
- The Reserve Bank of India is concerned that lifting the ban could pave the way for cryptocurrency trading.
- Imposed by the RBI back in April 2018, the ban was opposed by crypto exchanges and startups across the country.
Russia Proposes New Tokenization Framework, Says Crypto Transactions Are Suspicious
- Russia's central bank has completed a pilot project for the issuance of tokenized assets.
- The country is also planning to update its bank guidance, and could label the sale and purchase of cryptocurrencies as suspicious activities.
Coinbase Custody, Bison Trails to Push for Clearer Staking Regulation
- Coinbase Custody and Bison Trails have both joined the Proof of Stake Alliance in its mission to promote legal and regulatory clarity around staking.
- The alliance already has more than 18 members, representing a wide range of Proof of Stake communities.
Andrew Yang Shares Standpoint on Crypto Regulation, Blockchain Technology
- In an interview with Bloomberg, Andrew Yang talked about how we need a strict set of rules regarding digital assets.
- He also mentioned that blockchain technology has a high potential and that "we should be investing in it".
The Bank of Korea Launches Digital Currency Pilot
- The new CBDC pilot will look into the technological and legal issues of replacing fiat cash with a digital equivalent.
- Though still skeptical, the Bank of Korea wishes to be prepared should there be a shift in "domestic and external conditions".
GrainChain to Grow on a Global Scale, Shifts to Symbiont Assembly
- It is expected that Symbiont's Assembly will provide the much needed scalability and privacy features demanded by the modern market.
- Recently GrainChain closed a $8.2m funding round led by Medici Ventures.
Huobi Chain Officially Available For Beta Testing
- Huobi Chain is a high-performance DeFi chain for regulator-friendly financial entities.
- The new chain supports high-volume transactions, user-deployed smart contracts and a big variety of cross-chain asset management services.
Read More
NEWS
Shanghai Gas Partners With VeChain On a Blockchain-Based EaaS Platform
- The first stage of the project includes uploading all valuable information to the VeChainThor blockchain.
- During the next stages we would expect the inclusion of other countries from "The Belt and Road" initiative.
Waves.Exchange Starts Charity Campaign to Help Organizations Battle COVID-19
- The campaign has already raised more than $100,000 from donations worldwide.
- Participants can get involved in the campaign by predicting the pandemic spread for a certain period, using prediction coins.
Republic To Create New-Class Digital Asset On The Algorand Blockchain
- More than 170 startups have raised funds with the help of the Republic platform.
- Algorand's COO is pleased with Republic's work, which allows anyone to invest in startups from a wide spectrum of industries.
Bancor Now Offers a Unibright Liquidity Pool
- Users can also earn fees from UBT trades on the automated liquidity pool.
- UBTBNT Pool Tokens are used to utilize the swap between UBT and BNT and are the ones that generate the fees.
KuCoin Reveals The Establishment of KuGroup Business Unit
- The new structure corresponds to KuCoin's substantial growth and will include three inner groups.
- Both Gan and Lyu, the new managers of the units, have a rich background in various industries and bring ambitious ideas.
Ethereum, Bitcoin Cash, EOS Now Available on Binance Lending
- The option to supply any of the three cryptocurrencies is already available for users of the exchange.
- Users are limited to supplying at most 1 million units of any single crypto asset, which in the case of Bitcoin Cash makes up more than 5% of the circulating supply.
India’s Central Bank to Appeal Supreme Court Crypto Decision
- The Reserve Bank of India is concerned that lifting the ban could pave the way for cryptocurrency trading.
- Imposed by the RBI back in April 2018, the ban was opposed by crypto exchanges and startups across the country.
Russia Proposes New Tokenization Framework, Says Crypto Transactions Are Suspicious
- Russia's central bank has completed a pilot project for the issuance of tokenized assets.
- The country is also planning to update its bank guidance, and could label the sale and purchase of cryptocurrencies as suspicious activities.
Coinbase Custody, Bison Trails to Push for Clearer Staking Regulation
- Coinbase Custody and Bison Trails have both joined the Proof of Stake Alliance in its mission to promote legal and regulatory clarity around staking.
- The alliance already has more than 18 members, representing a wide range of Proof of Stake communities.
J.P. Morgan Chase Settles Lawsuit Over High Credit Card Crypto Charges
- The original complaint was looking to have J.P. Morgan Chase refund all wrongfully made charges, and pay $1 million in statutory damages.
- Even though we have no details of the settlement, we do know that all parties now have 75 days to submit their stipulations of settlement.
Qatari Billionaire Sues Facebook Over Fake Crypto Ads
- Wissam Al Mana, Janet Jackson's ex-husband, is now suing Facebook for defamation after a crypto scam used his image to promote itself on the social platform.
- Estimated to be worth around €1 billion, the Qatari business magnate does not operate any social media accounts.
SEC Settles Charges Against Enigma’s $45M Token Sale
- "Harmed investors" will have the options to receive a refund with interest through a claims process, or keep their tokens.
- The firm will also have to register its tokens as securities, file periodic reports with the SEC, and pay a $500,000 fine.
Hacker Steals $250K From Decentralized Crypto Exchange Bisq
- Though the software flaw has already been corrected, the attacker was still able to steal approximately 3 BTC and 4,000 XMR.
- The software flaw came as part of a trade protocol update meant to improve decentralization, released back in October 2019.
FCA Warns Investors of a Potential Crypto Scam, Site Goes Down
- All companies providing financial services in the UK have to be authorized by the Financial Conduct Authority.
- The content on the Pro-Options website contained grammar and spelling errors, with some parts being rather comical.
VeChain Foundation Loses $6.6 Million in VET Token Hack
- At 12:27 UTC on Friday, the VeChain Foundation lost around 1.1 billion VET tokens from its buyback wallet.
- The company is already tracking the stolen funds and has informed law enforcement agencies in Singapore.
The Bank of Korea Launches Digital Currency Pilot
- The new CBDC pilot will look into the technological and legal issues of replacing fiat cash with a digital equivalent.
- Though still skeptical, the Bank of Korea wishes to be prepared should there be a shift in "domestic and external conditions".
GrainChain to Grow on a Global Scale, Shifts to Symbiont Assembly
- It is expected that Symbiont's Assembly will provide the much needed scalability and privacy features demanded by the modern market.
- Recently GrainChain closed a $8.2m funding round led by Medici Ventures.
Huobi Chain Officially Available For Beta Testing
- Huobi Chain is a high-performance DeFi chain for regulator-friendly financial entities.
- The new chain supports high-volume transactions, user-deployed smart contracts and a big variety of cross-chain asset management services.
Tether To Use Chainalysis’ AML Compliance Tools
- With the help of Chainalysis' Know-Your-Transaction tool, Tether will be able to track potential criminal activities.
- While Tether can not confiscate the tokens used in a "high risk" transaction, it can still freeze the wallets that contain them.
Tether Deploys on Algorand
- Tether announced back in July, 2019, that they will deploy on Algorand.
- Algorand has become only the fifth blockchain where USDT is available for trading.
WisdomTree Considers Launching a Stablecoin in the U.S.
- The asset manager, who oversees around $63 billion in assets, will first try to obtain the approval of the SEC.
- The regulatory agency might be a bit more welcoming towards WisdomTree, given that it is an established U.S. financial firm.
U.S. Marshals Service to Auction 4,040 Confiscated Bitcoin in February
- Worth nearly $40 million, the confiscated Bitcoins come from over 50 administrative forfeitures and legal cases.
- Potential bidders are required to deposit $200,000, and will have until 12 February to register for the auction.
Bitcoin IRA Exceeds Record-High $400M
- Bitcoin IRA’s platform allows users to easily create a new retirement account, track holdings in real-time and trade cryptocurrency 24/7.
- According to COO Chris Kline, Bitcoin IRA is continuing to raise the bar in the industry with its one-of-a-kind features.
Despite Potential Drop to $6,000, Bitcoin Might Hit $25,000 by 2021
- The prediction was made by Galaxy, a prominent crypto trader and researcher.
- Other crypto enthusiasts such as Dave the Wave, Travis King, and Mike Novogratz, have also predicted that Bitcoin will hit $25,000 by 2021.
Unibright, Chainlink, Anyblock Analytics Form EMINENT Task Force
- The goal will be to produce open-source standards that will make it easy for enterprises to integrate with the Ethereum mainnet.
- The task force expects to be done within 18 - 24 months, though intermediate updates will be released to the public.
Testnet Split Caused by Ethereum’s Istanbul Early Arrival
- The update came in 2 days earlier, causing a split of the Ropsten testnet.
- There shouldn't be any problems when the update is activated on the main Ethereum network, Hudson Jameson, community manager of the Ethereum Foundation, explained.
Ethereum Foundation’s Director Will Now Help Businesses Use Public Blockchain
- Aya Miyaguchi made a statement where she noted that EEA wants to impact the industry.
- Joseph Lubin commented on the attention by businesses to the Ethereum network.
Ripple Enables Fast Cross-Border Remittance Services Between The U.S. And Mexico
- MoneyGram has already implemented RippleNet’s On-Demand Liquidity service and is planning to expand its usage.
- Intermex will reduce costs for one of the most heavily used remittance corridors – the one between the USA and Mexico.
Rumours About XRP Support on BitPay Confirmed
- Gift card merchant eGifter and humanitarian organisation CareUSA will be the first merchants to accept XRP through BitPay.
- Support for the cryptocurrency has been achieved through collaboration with Xpring.
Elliptic Finds Only $400 Million in XRP Transactions Are Illicit
- Illicit activity includes a variety of Ponzi schemes and darknet activities, but only represents 0.2% of all transactions.
- Elliptic started analyzing XRP transactions over a year ago and identified several hundred accounts with illegal activity.
Bitcoin ABC, Jiang Zhuoer Determined to Implement a Mining Tax on Bitcoin Cash
- Major ecosystem participants, including former supporters of the proposal, have publicly criticised the actions of the most popular Bitcoin Cash node implementation and its representatives.
- The latest iteration of the proposal features a 5% redistribution amount, a voting system and a whitelist of fund recipients.
Roger Ver Explains The Motivations Behind The @Bitcoin Twitter Handle Ownership Change
- In Ver's words, the original owner was one of the earliest popular bitcoiners who lost his cryptocurrency fortune to a hack.
- Selling Twitter accounts is prohibited by the service's policies.
Bitcoin Cash: Updated Infrastructure Fund Proposal, Bullish Market Prediction
- The second edition of Zhuoer's proposal has removed the unaccountable Hong Kong corporation and integrated a democratic process for decision making going forward.
- The proposal hints towards a bullish expectation of $2,000 per BCH in 2021.
Rewards for Miners Have Been Halved on Litecoin’s Network
- Today the Litecoin network reached block height of 1,680,000, which reduced its miners block rewards by a half, from 25 LTC per block to 12.5 LTC.
- Even though the increased scarcity could push the price of the token up, it could also have an effect on the interest of Litecoin mining.
Litecoin Outshines Rivals in Advance of August Reward Halving
- Litecoin has seen fantastic progress in both pricing and non-price metrics in 2019.
- This superb performance could be connected to the mining reward halving that will happen on August 6.
Litecoin ranked ‘Excellent’ in Adoption and Investment Return
- Litecoin ranked highly by the respected Weiss Ratings.
- The Litecoin Foundation has valuable partnerships and new goals ahead.
Unibright Updates Workshop Packages, Pushes For More UBT Adoption
- The smallest workshop package is no longer available, while the workshop price of UBT has been re-evaluated to $0.42.
- UBT is unaffected by the latest crypto market dump and has skyrocketed in 2020 from $0.018 to $0.25, a 1,288% increase.
Stellar Burns $4.7 Billion Worth of XLM
- Out of the 105 billion XLM tokens that were in existence, the Stellar Development Foundation decided to destroy 55 billion of its own tokens.
- The tokens came mainly from the organization's giveaway and partnership programs, which have now been ended.
Stellar to Airdrop 2 Billion XLM
- Stellar Development Foundation CEO explained that Keybase is an important part of their adoption strategy and advocate their vision.
- All the big messaging apps and Keybase competitors are soon to enter the cryptocurrency game but with a different approach.
TECHNOLOGY