Cryptocurrency

While Ethereum has brought about a whole new realm of possibilities due to its native token Ether (ETH) and its smart contract and tokenization capabilities, it is often faced with challenges such as network congestion, relatively low transaction times and throughput, large blockchain size and excessive electricity use for mining — all issues Bitcoin also

According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the breakdown of Bitcoin’s supply makes it similar to gold, supporting the asset’s status as digital gold. They clarify, however, that it

Editor’s note: The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode. Recent news has been quite kind to crypto all over the world. We may in fact be seeing

Theft has been a problem in all of history, but the digital age brings new challenges. While digital currency has several advantages over cash, it comes with some unique risks, like hacking and online fraud. Cryptocurrencies such as Bitcoin solve some of these issues, but you should still take care. The fact of the matter

The latest report from Flipside Crypto takes a deep look into Tron (TRX) with the hope of answering a question many critics in the cryptocurrency space have posed: “Is Tron a scam?”. Dubious past The report starts by rehashing the Tron’s compromised origins story — from the allegedly plagiarized white paper to the promise of

More than 40 companies including Ripple, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments system PayID. Reaching more than 100 million consumers, the new payment process will allow users to send or receive money anywhere in the world across any payment network in real time. Users can

Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified date. The currency of choice for the particular attack is Monero (XMR).

Blockchain cybersecurity firm Unbound Tech launched a new login solution meant to enable businesses to go passwordless. According to an announcement on June 17, Unbound Tech’s new identity solution removes the dependence on traditional authentication methods with a decentralized key management system. The system can also be used to access blockchain wallets. The system is

A judge has ruled the former chief executive of defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, must face a lawsuit alleging fraud filed back in 2014. On June 16, U.S. District Judge Gary Feinerman rejected Karpeles’ motion for summary judgment, rejecting the former Mt Gox head’s assertion that the case’s sole remaining plaintiff Gregory Greene

An anonymous blockchain industry participant going by the name heyheeyheeey recently dropped an Ethereum 2.0 (ETH 2.0) staking solution on Medium in Satoshi-like fashion. The pseudonymous character did not do it for the fame, according to his recent comments to Cointelegraph.  “The only thing that I’d like to clarify is that I wasn’t paid, but

Decentralized Infrastructure-as-a-Service company CPUcoin announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC). The initiative will devote unused computing power to research regarding the coronavirus.  Users who download and install CPUcoin’s CGN Miner platform and the BOINC open-source software support the IBM World Community Grid and Rosetta@home projects with their unused

Peter Todd, a former Bitcoin Core developer, has settled a defamation lawsuit against cryptographer Isis Lovecruft who accused Todd of being a rapist in a tweet posted in February 2019. The terms of the settlement will see the suit dropped without monetary compensation in exchange for Lovecruft issuing a statement “clarifying that they do not

Giving the opening remarks during a U.S. House meeting on illegal digital activities, Representative and subcommittee chair Emanuel Cleaver (D-MO) noted a major jump for online crime in 2020. “We are seeing a 75% spike in daily cybercrimes, reported by the FBI since the start of the pandemic,” Cleavor said in his opening statements of

The Bitcoin (BTC) mining ASIC manufacturing industry is expected to further consolidate due to tightened competition, geopolitical pressures and slower returns on investment after Bitcoin’s recent halving.  In a new report from crypto derivatives exchange BitMEX, published June 15, researchers wrote they “think it is likely that only 2 to 3 players will survive into

Despite the fact Ether is currently the second largest cryptocurrency by market cap, Japanese crypto holders may prefer to hold XRP.  According to the results of a survey posted to Twitter by Japanese cryptocurrency exchange BITMAX on June 12, Bitcoin (BTC) is nearly as popular as the XRP token among traders in Japan. 25% of

Bitcoin (BTC) futures daily trading volume plunged sharply from about $20 billion on June 11 to about $5 billion on June 13. This is a negative sign because the volume increased during the sharp fall on June 11 but reduced during the rebound on June 12 and 13. On June 14, the top-ranked cryptocurrency on

If you’re like many, you’ve probably heard a lot about cryptocurrency in the past few years. It grows in popularity every day, and for businesses, it could save them money. When deciding if cryptocurrency will work for your business, you should also consider the pros and cons. For some companies, the integration will work well.

Ether (ETH) mining pool Etherchain decided to distribute the $2.6 million in fees it received as part of the abnormal string of transactions seen last week. According to a tweet published on June 15, the pool will distribute the windfall to all miners who participated in that block, according to a snapshot taken at the

Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15. According to a June 10 tweet from Compound, the lending platform responsible for the major DeFi protocol completed a testnet trial of its COMP token as part of a governance proposal to distribute the

The crypto community has rallied in support of the victim of a phishing scheme who lost 12 Bitcoins (BTC) — the entirety of the investor’s holdings that had been accumulated over seven years. On June 12, Eric Savics, the host of Protocol Podcast, tweeted that he has lost his entire Bitcoin savings after entering aftering

Major financial institutions love certainty, and that will help the crypto community immensely. Let’s get down to basics: A stablecoin is a type of digital asset designed to solve the problem of the hypervolatility of cryptocurrencies. This year is an exciting time for stablecoins as interest among financial institutions picks up speed. For example, Wisdomtree,

Indian police have registered a case against five individuals suspected of involvement in a cryptocurrency scam that has defrauded investors since 2017. Despite operating for several years, the scammers are only believed to have made away with a modest bounty of roughly $34,200. The group is believed to have solely operated in the Maharashtra state’s

The survey results are in — there is almost an equal split on the issue of trust: Bitcoin (BTC) or big banks. There has also been an incredible change in attitudes over the past three years on the issue. Who trusts in Bitcoin? The Tokenist surveyed 4,852 respondents in 17 countries about their attitudes towards

For those of us involved in the cryptocurrency space, we’ve gotten used to the fast-paced nature of this rapidly growing industry. New technology quickly becomes old, bright shiny projects lose their luster, and what started out as a few privacy advocates sending “magic internet money” to one another has mushroomed into a whole new asset

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads: “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often

In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to FedAccounts, which may operate using a digital dollar. What exactly a digital dollar looks like will probably be more controversial. Unity at yesterday’s hearing was encouraging  Congressman

Bitcoin (BTC) fell to a two-week low today as ranging price action below $10,000 gave way to fresh bearish behavior. Cryptocurrency market daily overview. Source: Coin360 BTC price drops 8% to test $9,000 Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD giving way during Thursday trading to fall through $9,500 support. After fluctuating around the

In a recent interview with Cointelegraph, Binance CEO Changpeng Zhao, aka CZ, has lended his expertise on how to set up a global cryptocurrency exchange and outlined four key criteria to follow in order to ensure success..  ‘Global mindset’ is a must CZ stressed that having a “global mindset” is a must, as cryptocurrency exchanges

Today the value of Tesla stock set a new record high at $1,027, bringing the market capitalization to $188 billion, and also surpassing the total market cap of Bitcoin (BTC), which hovers at $181 billion. While the value of Tesla stock and Bitcoin price are not interconnected, there is a symbolic comparison between the two

Recent reports revealed that a group of hackers behind the Kingminer botnet targeted vulnerable Microsoft SQL server databases to mine cryptocurrencies at some point in the second week of June. According to the cybersecurity firm Sophos, the attackers used the botnet, active since 2018, to exploit the BlueKeep and EternalBlue vulnerabilities, by also accessing through