Cryptocurrency

Digital asset security firm Ngrave announced the launch of a recoverable, encrypted private key backup engraved on a steel plate for cryptocurrency hardware wallets. According to the announcement on June 10, Ngrave Graphene is now available to the public after raising more than $159,000 from a crowdfunding campaign on Indiegogo. Ngrave Graphene has a “cryptographic

Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy. According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from which they request the balances or transaction history. The statement said that conventional

Recent ransomware attacks from well-known cybercriminal groups have been suggesting that gangs are forging cartel-style alliances to pressure their respective victims to pay for the ransom requests. Cointelegraph has obtained access to what seems to be a darknet site that belongs to the Maze group. On the site, Maze has been leaking stolen data beginning

The battle of Bitcoin (BTC) versus fiat money is witnessing not a flippening but a “flattening” as coronavirus upends economic policy. A chart of the United States’ M2 money supply compared to the largest cryptocurrency shows that while one is leveling out its supply, the other is going “parabolic.” BTC hardens, USD goes “parabolic” Uploaded

In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain. According to an announcement posted to the company’s website on June 8, Sekisui House said that it would use blockchain for rental housing contracts, including covering electricity and gas. The measures will

For many people involved in the international crypto space, the idea of throwing valuable Ether tokens at comically named blockchain projects in anticipation of unworldly profits now seems a laughable and distant memory.  There is little doubt that what we experienced with the 2017-2018 Initial Coin Offering (ICO) mania was a once-in-a-generation phenomenon, the somber

The cryptocurrency world is full of jargon; acronyms and futuristic words that could be straight out of the latest sci-fi flick. Along with cryptocurrencies like Bitcoin and Litecoin, there are many other different types of crypto assets that can be found on the blockchain: Stablecoins As the name suggests, stablecoins are designed for stability. These

Bitcoin (BTC) began a new week less than $500 away from $10,000, but sudden volatility remains — what should you look out for in the coming days? Cointelegraph presents a weekly roundup of the major factors set to influence BTC/USD price action this week.  Stocks rise but suspicions remain Macro markets look set to continue

According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase. On June 6, various media outlets reported that Coinbase may sell its blockchain intelligence arm Coinbase Analytics to the Internal Revenue Service (IRS) and the Drug Enforcement Agency (DEA).

One of the linchpins of the internet is the ability to access and share data seamlessly. Whether it’s financial metrics for an institution or something as innocuous as a meme, the internet’s distinct pathways of protocols and standardization are the ideal medium for exchanging information. That transmissibility of information has not translated well to specific

Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the year stands at a whopping $1.4 billion, thus making 2020 a potentially active year in regard to cryptocurrency-related thefts, hacks and fraud. The report goes on

A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data Breach Report, it’s no surprise that cybercriminals have claimed “exorbitant” crypto ransoms in the past three years. The

Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions from lending to payments, progress has been overshadowed by high profile security breaches. Adhering to these security guidelines will ensure that DeFi solutions will

Bitcoin (BTC) miners are setting up a bullish trend despite large sell-offs around the halving, a new data metric suggests.  According to Glassnode’s Miner Outflow Multiple (MOM), outflows from mining pools compared to their one-year moving average are nearing all-time lows. Demeester “bullish” on BTC miner data MOM calculates coins leaving mining pools and compares

South Korean tech giant, Kakao, listed its Klaytn blockchain-issued Klay (KLAY) token via a local cryptocurrency exchange on June 5. This news follows their launch of a new crypto wallet feature in KakaoTalk earlier the week. After registering over 100,000 users thanks to their new crypto-related features, Tech M reports that Kakao reached an agreement

Earlier this week, Chinese mining-hardware juggernaut Bitmain unveiled its new product, an application-specific integrated circuit called Antminer T19. The Bitcoin (BTC) mining unit is the latest to join the new generation of ASICs — state-of-the-art devices designed to mitigate increased mining difficulty by maximizing the terahashes-per-second output. The Antminer T19 announcement comes amid the post-halving

Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows. According to monitoring resource Skew, the past weeks have seen CME dramatically increase its share of open interest for Bitcoin options.  CME market dominance on the up Open interest refers to

In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how the two can interact.  Crypto meets banks The Advanced Notice of Proposed Rulemaking asks banks and industry leaders to respond to a number of questions — notably: “What activities

With block #632874, which was mined on June 3, the Bitcoin (BTC) blockchain’s expected cumulative work hit a new milestone.  According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes, or 4951760157141521099596496896 hashes. Wuille noted that the previous milestone — 2^91 hashes — was secured in August 2019, also revealing the current

The price of Cardano (ADA) has increased 60% in the week following Cardano co-founder Charles Hoskinson revealing the roadmap for the Shelley upgrade in a YouTube podcast with Lark Davis, aka Cryptolark.  Shelley will see the network upgraded from a centralized network to a distributed one through the Shelley protocol upgrade by July 7, viewers

The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan.  They will use the platform to conduct quality control, sales, and

The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely 16 hours after BTC surged to $10,473, testing the dreaded $10,500 resistance level. Bitcoin typically sees a heightened level of volatility when it approaches key dates. Crucial periods

Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019. The report also found that 88%

Bitcoin is one of the most popular cryptocurrencies out there, and it continues growing each year. The digital currency world has become popular for online transactions and enhanced security. However, some remain skeptical. Goldman Sachs recently held a briefing with investors where leaders discussed the crypto world with clients. The results, though, were not what

Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island. Government institutions reform The master plan encourages government institutions to use blockchain

Finance Minister Taro Aso suggested he was unwilling to push for lowering the tax rate on cryptocurrencies in Japan to a flat 20% because it’s difficult for many households to invest in digital assets. Aso was responding to a question from Japan Restoration Association member Shun Otokita at a meeting of the House of Councillors

The tensions between the U.S. and China have escalated once again. This is bad news for the global economy which is currently witnessing one of the worst crises since the Great Recession.  If either the U.S. or China does not keep up their part of the trade deal, it could only make matters worse. Scrapping

Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible.” “More

Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas. In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices will benefit crypto miners

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Goldman Sachs butts heads with Bloomberg over Bitcoin One of