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Another USD 2.6M Paid in Ethereum Fees - Many Doubt it's a Mistake
11.6.2020
Source: Adobe/djjeep_design
Another USD 2.6 million in fees was paid for a different Ethereum (ETH) transaction, and people are doubting that this is a mistake as previously thought.
The Cryptoverse was surprised by yet another small value sent with a dizzying fee within 24 hours. Compared...
Miny.cc’s Whitelisting Exercise Oversubscribes by 250%
11.6.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
A cryptocurrency wallet platform based in Hong concluded a round of whitelisting for various solutions targeting cryptocurrency enthusiasts. The exercise that was oversubscribed by almost 250% paves the...
East Asia Digital Token Initiative Inspired by Facebook’s Libra Plan
11.6.2020
Policymakers in China have suggested creating a joint Japan-China-South Korea-Hong Kong digital currency that would function in a manner not unlike Facebook’s original plan for the Libra project.
Per Seoul Daily, 10 members of the National People's Congress – the biggest and most powerful...
Redditors Hunt Lost Bitcoin Stash, Face Jail Time over Loans
10.6.2020
Crypto folks are having a mixed start to the month, with one man seemingly frustrated in his quest for over USD 5 million worth of missing bitcoin (BTC) – and another looking to stave off the bailiffs as creditors come in search of crypto loan repayments.
A Reddit user who claims he is on the hunt...
Even Russia’s Economy Ministry Doesn’t Want Crypto Ban, Derides Bill
10.6.2020
Russia’s long and winding road to crypto regulation has taken another unexpected twist – with the country’s Economy Ministry wading into a bitter dispute between pro-business groups and the crypto-skeptic Central Bank – with experts claiming that a new impasse could see regulation “delayed by...
Ledger Adds Bitcoin Buying; Brave Fork; Ethereum Cashback + More News
10.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Major crypto hardware wallet manufacturer Ledger launched a crypto buying option on their Ledger Live application....
Education Ecosystem Experiences Surge in Platform Users Amid Covid-19
10.6.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Education Ecosystem has experienced a significant increase in the number of users since the coronavirus pandemic took its toll on the global village. The startup, which focuses on project-based learning projects...
The Most Dizzying Fee 'By Far' Paid for an Ethereum Transaction Today
10.6.2020
So, somebody today sent over USD 100 worth of ethereum (ETH) for a fee of over USD 2.5 million. Yes, in that order. The transaction caused an uproar in the Cryptoverse.
Per transaction details, this person sent ETH 0.55, at the time worth USD 133.93, but they paid a whopping ETH 10,669, or USD...
Check Out How Much Coinbase Paid Their Former CLO
10.6.2020
Brian Brooks. Upon leaving the major crypto exchange Coinbase, Brian Brooks, now a US banking regulator, took with him millions of dollars.
Brooks had served as Chief Legal Officer (CLO) of Coinbase between September 2018 and March 2020. He headed the legal, compliance, audit, investigations,...
Stocks Steal Spotlight From Bitcoin Despite Market Crash Warnings
10.6.2020
Stock market seems to have stolen some attention from bitcoin (BTC), with young investors turning to equities. But as many expect a sharp correction and more volatility ahead, crypto analysts wonder what this would mean for the world's oldest crypto.
"So far bulls are in charge," writes...
Maker Soars Higher on Exchange Listing, Successful Community Vote
10.6.2020
The popular decentralized finance (DeFi) project Maker (MKR) is seeing strong gains in the crypto market today, after a community vote showed support for expanding the range of collateral assets on the platform, and crypto exchange Coinbase Pro appears to have changed its mind about the token.
As...
Bitcoin and Altcoins Seem Resilient Ahead of the Next Move
10.6.2020
In the past few sessions, bitcoin price traded in a crucial range above the USD 9,550 support. BTC is facing a couple of important hurdles near USD 9,850 and USD 10,000, above which there are chances of an increase in the coming days.
Similarly, most major altcoins are consolidating above...
Research Points to ‘Strong Signal’ That Altseason Has Arrived
10.6.2020
A recent increase in trading on exchanges that are more geared towards speculative altcoins may be a sign that it is once again time for altcoins to shine, according to crypto research firm Coin Metrics.
In their recent report, the firm said that exchanges that typically offer trading in coins that...
The Rise and Fall of a Chinese Blockchain Star Kaiying Network
10.6.2020
Just four years ago, Wang Yue was being fêted by the likes of Forbes as one of the “world’s youngest billionaires.” At 32, he had the world at his feet, as the head of gaming giant Shanghai Kingnet Technology, also known as Shanghai Kaiying Network Technology or just Kaiying Network – a company...
South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’
10.6.2020
Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance.
Per South Korean news agency...
Financial Security During Times of Worldwide Crisis
9.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Source: Юлия Кондратьева / Adobe Stock.
The COVID-19 pandemic is, unfortunately, not the first worldwide crisis people are experiencing in their lifetimes, but for most, it is the biggest one. The constant...
South Korea Edges Closer to CBDC Rollout Without Any Comitment
9.6.2020
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency.
Per newspaper Hankyoreh, the central Bank of Korea (BOK)...
Brave Apologizes, Crypto Scammers Get Smarter + More News
9.6.2020
Source: Twitter, @brave
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Privacy news
Blockchain-based decentralized browser Brave (BAT) has issued an apology for the error made...
Ethereum-Based Tether Better Distributed Than Other Stablecoins - Report
9.6.2020
Among the explored stablecoins, Tether (USDT)'s ERC20 version is "particularly well-distributed," crypto market analysis firm Coin Metrics said, stressing that only a few accounts own a large majority of five other stablecoins' supply.
Since its creation six years ago, the dollar-pegged...
DeFi Capitalization Doubles In Two Months; Up To 1K New Users Per Day
9.6.2020
The total market capitalization for decentralized finance (DeFi) products, total value locked in DeFi, and staking-ready Ethereum (ETH) wallets - are all seeing their numbers grow. At the same, the number of new users coming to DeFi might be up to 1,000 a day.
We’re "still very early...