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PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’
18.6.2020
PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users
Sender of USD 5.3 Million ETH Transactions Reportedly Revealed
17.6.2020
It seems that the victim of last week's USD 5.28 million Ethereum (ETH) fee transactions has been revealed.
Blockchain analytics and security firm PeckShield claims to have identified the sender - a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange...
South Korea Announces USD 680M ‘Digital New Deal’ + More News
16.6.2020
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.
Blockchain news
The South Korean government has announced a USD 680 million spending plan on a post-COVID 19 “Digital New Deal,”...
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
13.6.2020
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out...
US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’
12.6.2020
On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher...
South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring
12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million.
Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...
Bitcoin Users Could've Saved Half a Billion USD in Fees - Report
11.6.2020
Network fees must be paid, but what if you don’t have to pay as much? Bitcoin (BTC) users could've saved around half a billion USD in network fees had there been a full SegWit and batching adoption, according to Bitcoin startup Veriphi.
Per Veriphi’s latest report, almost half a million blocks...
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...
Crypto Derivatives Blossomed In May, Celsius Hit USD 1B + More News
5.6.2020
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.
Exchange news
Derivatives represented 32% of the crypto market in May, compared with 27% in April, according to a report...
USD 100,000 'Reserved' of USD 1M in Bitcoin Giveaway by Draper Goren Holm
5.6.2020
Blockchain venture studio Draper Goren Holm pledged to give USD 1 million in Bitcoin (BTC) to celebrate their annual blockchain-focused conference going digital, with almost 1,000 sign-ups already.
The venture studio focused on incubating and accelerating early-stage blockchain startups was founded...
Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge
4.6.2020
The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency
Bitcoin Drops Below USD 10,000, Erases 24 Hour Gains in Minutes
2.6.2020
After staying above USD 10,000 for around half a day, bitcoin (BTC) dropped below this important level once again, in 10 minutes erasing all its gains in the past 24 hours.
At pixel time (15:07 UTC), BTC trades at USD 9,557 and is unchanged in a day. The price is still up by 8% in a week and 14%...
America’s Most Wanted: USD 5m Bounty Offered for Venezuela Crypto Boss
2.6.2020
America has slapped a USD 5 million bounty on the head of Joselit Ramírez Camacho, Venezuela’s head of cryptocurrency – accusing him of “having deep political, social and economic ties to multiple alleged narcotics kingpins.”
In an official release, the American Immigration and Customs...
Bitcoin Settles Above USD 10,000, Altcoins Could Extend Rally
2.6.2020
In the past two days, there was a steady rise in bitcoin price above the USD 9,500 resistance. The recent surge was such that BTC was able to clear the main USD 9,950 and USD 10,000 resistance levels. It tested the USD 10,350 resistance zone and currently (08:40 UTC) consolidating above...
Major Technical Breakout Spotted as Bitcoin Reaches USD 10,000
2.6.2020
As bitcoin (BTC) once again reached the crucial USD 10,000 barrier on Monday night (UTC time), the BTC chart is showing signs of what could be a major breakout after a series of failed attempts at moving higher.
At pixel time (05:22 UTC), bitcoin was up by 5.6% over the past 24 hours, trading at...
S2F Bitcoin Price Model Gets 'Red Dot,' McAfee Bashes His USD 1M 'Nonsense'
1.6.2020
The disputed bitcoin (BTC) stock-to-flow model has once again been updated with a new data point, this time indicating that the new bull cycle has seemingly begun and BTC might reach USD 100,000 in a year.
Posting on Twitter Monday morning, the model’s pseudonymous creator, PlanB, said that a “red...
JPMorgan Loses USD 2.5M in Crypto Case, Dragonchain on Science Channel + More News
29.5.2020
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.
Legal news
Major investment bank JPMorgan Chase has agreed to pay USD 2.5 million to settle a class-action lawsuit over...
Washington Warned: Launch Digital Fiat or Say Goodbye to USD Dominance
29.5.2020
Source: Adobe/salomonus_
A group pushing for the United States to adopt a digital dollar has warned that failure to launch a central bank digital currency (CBDC) could cost the country dear – and could see the USD lose its status as the world’s reserve currency.
In its first white paper,...
Can a USD Digital Token Help Save the Primacy of Standard Currency?
28.5.2020
What in your opinion is Bitcoin and cryptocurrencies? Many, in common parlance, will answer that Bitcoin and cryptocurrency is digital and virtual money. While, on the other hand, Treasury Secretary Steven Munchin with others at the US Senate this week pointed at the future of the US Dollar....
Coinbase Acquires a New Tool For Buyers of 'USD 100M of Bitcoin'
27.5.2020
Source: a screenshot, Instagram/Coinbase
In an attempt to attract more institutional traders, major crypto exchange Coinbase agreed to acquire another major player in the crypto industry, Tagomi, a New York-based crypto brokerage.
Terms of the acquisition, that is pending regulatory approval...