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KYC Drive Causes Bithumb Disruption: Logins, Transactions Affected
3.12.2021
The South Korean crypto trading platform Bithumb has been hit by disrupted transactions, with deposits and withdrawals requests encountering “errors” – with customers rushing to complete new know-your-customer (KYC) procedures.
Bithumb users reported disruptions as the number of users trying...
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges
2.12.2021
Two days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month...
Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high
1.12.2021
Strong fundamentals and the steady growth of the Polygon network are just a few of the factors behind MATIC’s recent rally above $2.00
Cryptocurrency Transactions in India Won’t Be That Simple
1.12.2021
Indians are the world’s largest Cryptocurrency investors. In India, there are an estimated 15-20 million Cryptocurrency users. The Cryptocurrency law, which was tabled in Parliament during the Winter Session, has created a tense situation among investors. One of the reasons for the increased...
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...
Bitcoin network settling an average of $95K for every $1 in fees
30.11.2021
Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees
Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum
29.11.2021
One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper...
Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading
29.11.2021
The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter session of parliament has begun and a crypto bill...
Bitcoin transaction fees are down by over 50% this year
29.11.2021
Transaction fees have dropped this year, after a spike earlier this summer
Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution
28.11.2021
The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin...
Ghana’s Minority Lawmakers Reject Government Proposal to Tax Mobile Money Transactions
28.11.2021
The Ghanaian government’s proposal to introduce a 1.75% levy on digital transactions was recently rejected by a minority of lawmakers who insist the new tax derails efforts to help increase the number of adults that are financially included. The Digital Transactions Tax A minority...
Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds
28.11.2021
With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged....
Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
27.11.2021
Buterin issued a decrease-cost-and-cap proposal, which aims to achieve most of the benefits of the decrease
Bitcoin overtakes Paypal on value transferred, sets sights on Mastercard: Report
26.11.2021
Blockdata’s report suggests that the Bitcoin network could potentially match the dollar value transferred on Mastercard’s network as early as 2026, or as late as 2060
One million ETH worth have been burned since the implementation of EIP-1559 in August
24.11.2021
On a net basis, however, the supply of Ether is still inflating at about 1.2% per year
Central Bank’s Targeting of P2P Crypto Transactions Forces Startup to Quit Nigeria
23.11.2021
The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s current crackdown on crypto entities has forced it to suspend operations in Nigeria. ‘Horrible’ Year for Crypto Adoption According to a report...
Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
21.11.2021
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank...
Bank of Russia plans to take fees for CBDC transactions: Report
18.11.2021
The Bank of Russia views CBDC as a responsible alternative to Bitcoin and wants to take fees from CBDC transactions
Post Malone features BAYC NFTs in new music video with The Weeknd
18.11.2021
Rapper Post Malone bought two Bored Ape Yacht Club NFTs for a combined 160 ETH via a new crypto fintech startup, MoonPay
Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’
18.11.2021
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback Against Endsars Protest Claims In his latest...