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Crypto Market Sentiment Unchanged in 7 Days, Drops in a Day

29.6.2020
Following the last week's large drop, crypto market sentiment score (sentscore) barely moved over the course of the past seven days. The combined moving 7-day average sentscore for the top 10 coins slipped from 4.97 reported last week to 4.92/10 this time around, according to crypto market...

DeFi Attackers Get 'More Creative', Steal USD 500,000 From Balancer

29.6.2020
Decentralized finance (DeFi) liquidity providing platform Balancer was hacked today, reportedly with USD 500,000 worth of crypto stolen. Following several reports online, Balancer confirmed that on June 29 an incident occurred, affecting two pools containing transfer fees, known as deflationary...

Binance Prepares ‘For the Next Wave’ With ‘Largest Upgrade’

29.6.2020
Source: Instagram, Binance Major crypto exchange Binance has resumed trading after completing its “largest upgrade to date,” which according to the exchange’s CEO, Changpeng Zhao, included switching the trade matching engine to a new programming language, essentially re-writing all code in...

Thai Authorities Go After Crypto in Search for Drug Money

26.6.2020
Authorities in Thailand are determined to hunt down the country’s well-hidden drug lords by going after everything from gold shops to oil, construction firms - and cryptocurrency, a new report by news agency AFP claims. According to the report, it is the recent downfall of a large meth syndicate...

Hyundai ‘May Look to Rival Kakao’ with New Cryptocurrency Move

26.6.2020
South Korea could be about to see its most affluent player yet enter the crypto fray – with business group Hyundai reportedly on the verge of releasing a range of cryptocurrency-related services. The company, most famous internationally for its carmaking, shipbuilding, construction and shipping...

FTX Exchange 'Games the Rules' on BAL Token Distribution – Report

26.6.2020
Following a sharp rise in price during its first few days of trading, decentralized finance (DeFi) platform Balancer’s BAL token is down by nearly 16% today - after the team behind the new protocol had to intervene to stop an exchange from continuing to exploit a weakness in the token distribution...

Telegram Chief Durov Says He Has Already Repaid Investors USD 1.2 Bn

26.6.2020
Telegram boss Pavel Durov says he has paid back some USD 1.2 billion to investors in the now-abandoned Telegram Open Network (TON) blockchain platform after an out-of-court settlement with the United States regulatory body the Securities and Exchanges Commission (SEC). Investors had stumped up...

USD 200m Hacker Group Targets American, Japanese Crypto Exchanges

25.6.2020
A security firm has warned that a group of hackers named CryptoCore has been raiding crypto exchanges – and may have amassed a USD 70 million crypto pot, leaving a USD 200 million trail of damage in its wake. Per a report from Clear Sky Security, CryptoCore is thought to comprise individuals based...

Binance Teams up with Payments Firm to Allow ‘Low-fee’ Crypto Buying

25.6.2020
*********NOTE FROM AUTHROR: EMBARGOED UNTIL June 25, 9 am ET/3 pm CET.******** Estonia-based payment solutions provider Mercuryo says it has struck a partnership deal with Binance that will allow exchange customers to buy crypto with fiat. The latter claims that the move will allow customers to...

Domain-powered Transfers: Huobi Wallet in Unstoppable Domains Deal

25.6.2020
Huobi Group's multi-chain Huobi Wallet has teamed up with Unstoppable Domains, a San Francisco-based company that builds domains on blockchain networks, enabling wallet users to transfer their cryptocurrencies using .crypto domains. Besides aiding crypto adoption, say the companies, this will also...

Ripple Chief: US Risks ‘Chaos’ by Letting China Win Blockchain Race

25.6.2020
Ripple executive chairman and co-founder Chris Larsen has warned Washington to “get a lot more involved in blockchain,” stating that the United States is “slow to the game” – and is allowing China to pull ahead in the race to digitize finance. In a video conversation with Wall Street Journal...

USDC Ends Ethereum Exclusivity, Begins Algorand Partnership

25.6.2020
Source: Adobe/Sashkin (edited by Cryptonews) The operator of stablecoin USD coin (USDC) is to end its exclusive relationship with the Ethereum blockchain network and will move to Algorand, with expansion onto other blockchain networks to follow. USDC is run by Centre, a joint project that comprises...

Coinbase Listing Effect May Be 'More Muted' than Believed - Report

24.6.2020
Despite often being referred to as one of the most sure-fire ways to pump the price of a cryptoasset, a listing on the popular fiat-to-crypto platform Coinbase may not be as lucrative for token holders as some have thought, a new study from crypto analytics firm Coin Metrics has found. In...

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