Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Crypto Scammers’ Income Down 30% Due To COVID-19

  • Even though crypto scammers are seeing a high number of transactions, their revenue seems to have dropped significantly.
  • Chainalysis data shows that the total daily value received by scam wallets has dropped by 61 percent over the first two weeks of March.

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.

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".

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.

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.

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.

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.

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.

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.