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Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout
3.6.2021
The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long...
Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks
3.6.2021
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart...
Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders
3.6.2021
Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to...
Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide
3.6.2021
Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,” he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With...
Steve Wozniak Can’t Stop Bitcoin Giveaway Scams Using His Name — Federal Law Protects Youtube
3.6.2021
Apple co-founder Steve Wozniak has lost his lawsuit against Youtube over bitcoin giveaway scams using his name and image. The judge reportedly said that “Youtube and its parent, Google LLC, are protected by the federal law that shields internet platforms from responsibility for content posted...
QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases
3.6.2021
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal...
Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout
3.6.2021
Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s...
Why On-Chain Governance Is Critical for Blockchain Growth and Longevity
3.6.2021
The decentralized properties that make blockchain architecture unique can also be its Achilles heel, demonstrating the importance of bringing network governance on-chain to promote a more inclusive and democratized consensus on network upgrades. Governance Transformation Is the Key To Unlocking...
European Union to Release Digital Wallet for Payments Next Year
3.6.2021
The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with...
Daymak to Launch Crypto Mining Vehicle by 2023
3.6.2021
Daymak, a Canada-based electric vehicle company, has announced the Daymak Spiritus, an electric car that will be able to mine cryptocurrencies. According to the specs, it will also feature solar charging to lessen the load on the battery while driving. The company, which has only offered the...
South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body
3.6.2021
Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection...
SmartKey and Orange Revolutionize the Blockchain of Things
3.6.2021
As technology moves forward, you use more and more innovations to facilitate your daily activities. The cooperation of the largest Polish telecommunications operator with the innovative BoT (Blockchain of Things) provider improves the standard of your daily life. With the use of technology provided...
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash
3.6.2021
Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling...
Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC
3.6.2021
Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.” He sees a string of “all positive things” that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market...
Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold
3.6.2021
Goldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on” inflation hedges whereas gold is a “risk off” asset. Bitcoin Is More Like Copper Than Gold as Inflation Hedge...
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
Bonded.Finance (BOND) Token Is Now Listed on Bitcoin.com Exchange
2.6.2021
PRESS RELEASE. Bitcoin.com Exchange is ecstatic to announce the listing of BOND, being available to trade on the 2nd June 2021 at 12:00PM UTC. BOND was created by the Bonded.Finance team, as the driver and receipt of value within their platform. BOND will start trading with BTC and USDT pairs. What...
Pepe the Frog Creator Launches NFTs Featuring the Infamous Internet Meme
2.6.2021
The infamous Internet meme “Pepe the Frog” will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However...
Google Announces New Policy for Cryptocurrency Ads
2.6.2021
Google has announced an update to its financial products and services policy, which includes its policy on cryptocurrency advertising. The new rules will take effect in August and all prior crypto exchange certifications will be revoked. Advertisers must request new cryptocurrency exchanges...