According to new research by Kaspersky labs, the infamous Lazarus group used ‘enhanced capabilities’ to attack cryptocurrency businesses. The firm has been following the cyber theft campaign dubbed ‘Operation Applejues’ since 2018 and according to its report, victims across the world including the UK, China, Poland, and Russia have been affected. The hackers used the...Read More
Bitcoin’s recent rally was delayed but it arrived nonetheless; the price shot up by ~16% in 3 days to $8,436. However, the rally has stopped and reversed as the retracement continues. This can mean two things for Bitcoin, a short retracement prior to another pump; exhaustion of the surge. The latter seems more plausible due...Read More
Bitcoin difficulty and hash rate are two important factors that determine network health and also the state of miners. According to CoinMetric’s estimates, the difficulty will hit a new all-time high of 15 trillion in four days. In a recent tweet, CoinMetrics mentioned that there would be an ~8% increase in Bitcoin’s difficulty making it...Read More
Ethereum Classic’s network update Agharta has been scheduled to take place on 12 January and it has been receiving support from various exchanges, clients, mining pools, etc. Binance announced its support for Agharta on 10 January 2020. The exchange announced: “Binance will support the upcoming ETC Agharta Network Upgrade. Deposits and withdrawals of ETC will...Read More
Thailand‘s Siam Commercial Bank (SCB) recently partnered with RippleNet to create ‘SCB Easy’, a mobile application that facilitates instant, low-cost cross-border payment solutions, according to a blog post. With this, the 112-year-old bank became Thailand’s first domestic bank that is willing to push forward with Fintech partnerships. At Ripple‘s annual Swell conference, Arthit Sriumporn, SCB’s...Read More
Prominent Bitcoin Futures and Options Exchange, Deribit has announced that it will be moving to Panama, from the Netherlands. The derivatives platform informed through a blog post that from 10 February 2020 Deribit.com will be operated by DRB Panama Inc., a 100% subsidiary of the Dutch entity. The decision of the exchange followed the “strict...Read More
Bitcoin is known by many names. According to the white paper it’s called the “peer-to-peer electronic cash system,” to its adherents it’s hailed as the “tool for financial freedom,” to the bankers it’s “fool’s gold.” One definition that most can agree on is that Bitcoin is a “decentralized currency” The first of its kind. But,...Read More
Voice, the social media app developed by Block.one appointed Salah Zalatimo as its new CEO, who formerly served as the global Chief Digital Officer with Forbes, according to a blog post. Commenting on this new addition to the team, Block.one’s CEO Brendan Blumer said that Zalatimo’s experience in content tool creation would be a valuable asset...Read More
In a recently published annual report on Bitcoin mining for 2019, TokenInsight spoke about mining-related financial products that are available today, and how they might change in 2020. According to the report, ‘diversified financial products will be launched in the future, paving the way of fierce competition in 2020.” TokenInsight also pointed out how the...Read More
TokenInsight recently published its annual research report regarding the cryptocurrency mining industry in 2019. The report spoke about how most developed countries today have relatively progressive attitudes towards mining Bitcoin and other cryptocurrencies, as well as what factors affect where mining farms are set up. According to the same, “Low electricity cost, well-structured legal framework,...Read More
The heightened tensions between the United States and Iran have contributed to the narrative of Bitcoin as a safe haven asset. However, according to Perianne Boring, Founder of the U.S Digital Chamber of Commerce, this is not the first time the digital asset’s price has spiked during global uncertainty. In a recent interview, Boring recalled...Read More
The world of cryptocurrencies is often talked about in the context of future developments, which is why Bitcoin mining has been largely spoken of in the background of the upcoming halving. However, altcoin mining has been fairly unnoticed. Unlike Bitcoin mining, altcoin mining is considered more complex. Thus, it is still at a relatively nascent...Read More
One of the major drawbacks with regards to the crypto-industry is the lack of substantial data over a long period of time. The industry is still considered to be at its nascent stage as constructive long-term data associated with major altcoins is still not available. During a recent interview, Joshua Frank, CEO and Co-Founder of...Read More
‘Ethereum 2 is coming’ has been the tagline of the Ethereum community for the past several years. However, the new phase, Serenity, is set to come to fruition soon, with the team outlining 2020 as the year it would start rolling out. Serenity would be launching in three phases – phase zero, phase 1, and...Read More
Ethereum, the leading smart contract platform, will be taking the first step towards its most awaited upgrades this year. The platform will initiate its shift from proof-of-work to proof-of-stake with the launch of phase zero of Serenity. The main aspect of this stage is the rollout of Beacon Chain, while the other phases will see...Read More
Bitcoin’s recent rally, although small and aberrant, was reminiscent of April 2019’s rally aka the April fool’s rally. Hence, looking at Bitcoin’s on-chain metrics might provide an insight into what transpired before the price peaked. The recent rally caused Bitcoin to surge by a considerable amount [20% in 4 days] after a week into the...Read More
In its most recent ‘Crypto Outlook’ report, Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, spoke about Bitcoin, Tether (USDT), their adoption and possible outcomes in 2020. According to the report, USDT and Bitcoin have been the most important crypto-assets to have succeeded since 2017, with the report adding that these are expected to gain in...Read More
Bitcoin’s price responded positively to the new year, with the coin finally pushing the $8k mark on 8 January. However, since the price spike was unforeseen, the price underwent a correction and soon, the price was back under $8k. At press time, Bitcoin was trading at $7922, with a 24-hour trading volume of $15.3 billion....Read More
Cryptocurrencies have long been expected to eventually create a paradigm shift in the conventional methods of banking. But, do cryptocurrencies solve real-world problems in the present-day? With the industry still in its nascency, this question has been the subject of discussion for a long time now. According to blockchain tech company R3‘s CEO and Founder,...Read More
The Reserve Bank of Australia (RBA) has now confirmed that it is mulling over the digital version of the Australian dollar, a digitized currency commercial banks and other corporates across the country can now use to speed up transactions. According to an official submission presented before a Senate inquiry into financial technology, the RBA asserted,...Read More
Malta-based Binance’s derivatives platform, Binance JEX, has announced the launch of a ‘test run’ on Futures insurance, which is scheduled for 9 January [Singapore Time]. According to the official blog post released by the JEX team, Futures insurance can essentially be used to protect Futures traders’ margin and profits, while trading in Futures on Binance’s...Read More
In the January edition of Bloomberg’s ‘Crypto Outlook’ report, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, wrote about Bitcoin and its potential in 2020, both in terms of price and adoption. In the report, McGlone stated, “The fact that a store-of-value asset with fixed supply and increasing adoption is more likely to appreciate in...Read More
Ethereum Foundation Researcher, Virgil Griffith, who was last in the news after he was arrested by the FBI for traveling to North Korea and attending a conference in Pyongyang, has now been formally indicted for “conspiracy to violate the International Emergency Economic Powers Act.” The latest development was first revealed by Inner City Press on...Read More
Bitcoin Core contributor and guest writer for BitMEX Research, Michael Ford, recently published a report about the build system improvements for Bitcoin, while also expanding on his involvement in removing third-party software dependencies such as OpenSSL. The report, analyzing results from tests conducted by Ford, showed that the number of packages built in Bitcoin Core...Read More
The prices of most major cryptocurrencies have responded positively to the new year. With the price of Bitcoin [BTC] rising, other altcoins are following its lead and noting a spike in price too. Ethereum [ETH], the second-largest crypto in the world, completed its crucial Muir Glacier update recently, having noted an almost 12% growth since....Read More
One of the major talking points of 2019 was China’s involvement with blockchain and the launch of its DCEP. With the People’s Bank of China announcing that a digital yuan would soon be released in the market, and Bitcoin and other digital assets still banned in the country, China has accelerated its interest in developing...Read More
The research team at Malta-based crypto-exchange Binance recently published its third report on decentralized finance applications. The report analyzed network data provided by DAppReview, as well as recent developments in the DeFi space, focusing mostly on Ethereum. The report claimed that Ethereum’s spectrum of applications is more extensive than other blockchains, adding that its primary...Read More
Over the past week, a major event has heightened the tensions between the United States and Iran. However, this event’s impact was felt not just on the political scene, but in the financial sector as well. Hours after the United States launched a military strike that killed a major Iranian military commander, oil and gold...Read More
In a recent article for Nasdaq, Sumit Gupta, CEO of CoinDCX, one of India’s largest cryptocurrency exchanges, wrote about how cryptocurrencies could hold the keys to financial inclusion. In the article, Gupta cited the World Bank’s most recent Global Findex report which stated that as many as 1.7 billion people worldwide do not have access to formal...Read More
Ethereum Classic’s next network upgrade, Agharta, is around the corner and the foundation has asked its node operators to update their nodes before 12 January, scheduled for the deployment of the updated protocol. The announcement was made on 8 January and warned users about the nature of the upgrade, stating, “Node operators must update their nodes...Read More
