Latest Blockchain and Crypto News
Huobi Global Welcomes HUSD Stablecoin
Singapore-based exchange firm Huobi Global told that now HUSD Stablecoin trading is on their platform. The news became known on September 25. Additionally, Huobi Global informed that the HUSD stablecoin would trade against VeChain (VET) and (Bytom) BTM in the spot market. HUSD is a stablecoin...
Weiss urges investors to stop using Tether
Analysts from the Weiss rating agency urged investors not to use the stablecoin Tether (USDT). They posted a tweet on Twitter and noted that the acquisition of this tool carries enormous risks. #Bitfinex's vaults are not publicly auditable and there have been many allegations that #USDT is not...
BitGo will issue Wrapped Ether and Wrapped Bitcoin on Tron
The Tron Foundation has partnered with custodian company BitGo to issue two new tokens - Wrapped Ether and Wrapped Bitcoin (WBTC). WBTC is going to be represented as a TRC20 token pegged to BTC 1:1. WBTC was the first token to make BTC cooperative with the Ethereum blockchain. There are currently...
Israeli New Bill Considers Bitcoin as a Currency
Four members of the legislature of Israel find it better if digital assets would be taxed as a fiat. Presently, Bitcoin is taxed 25% while converted into fiat, or 15% for short-time funders. According to officials, if the bill accepted, Israel’s 25% capital gains rate on bitcoin will no longer...
Optimism launches testnet of its Ethereum scaling solution
The Optimism startup, which is developing a second-tier scaling solution for the Ethereum network called optimistic rollup, has launched a limited testnet. According to the developers, the process of launching the solution will be phased - an optimistic rollup will be integrated with a small group...
Investor's interest in Bitcoin is growing
According to Steve Ehrlich, co-founder of Voyager Digital, investors continue to dive into bitcoin amid global economic uncertainty. The cryptocurrency confirms the status of a haven asset. Ehrlich said: "Bitcoin is extremely resilient, and as it spreads further, it proceeds to position itself...
Security is everything in the cryptocurrency market
There is no secret that the cryptocurrency market is quite the wild west. In 2017, 78% of the ICOs conducted have been identified as scams. In May 2018 the Bitcoin Gold blockchain suffered a 51% attack and lost more than $18 million. The attackers targeted several exchanges to extract the...
Binance's BUSD is Joining Flow Blockchain
This week Dapper Labs acquired another important stablecoin. BUSD coin pegged to the U.S. dollar and is pretty popular. It is one of coins to have received regulatory authorization from the New York State Department of Financial Services. As for Dapper Labs, it represents blockchain-based games...
Uniswap token transaction cost jumps to $50
On Ethereum, transaction fees continue to rise due to network congestion. This trend the day before led to a record daily income of miners. After the start of the distribution of Uniswap tokens, the income of Ethereum miners reached $ 938,000 in just one hour. Analysts of the Glassnode platform...
BTC will fall if a vaccine against COVID-19 is found
According to the financier and author of the famous book "Rich Dad Poor Dad" Robert Kiyosaki, precious metals and bitcoin will collapse in value if a vaccine against COVID-19 appears in the world. The emergence of such a drug will create conditions under which investor interest in...
Uniswap is introducing UNI token
Uniswap unveiled its UNI token on September 16. The platform is going to issue 1 billion tokens over four years. 60% of this amount will be designated to community members, 21.51% - team members and future workers, 17.80% of it is going to be assigned to investors with a four-year transition...
Wyoming Division of Banking Licensed Kraken Crypto Exchange
Kraken becomes the first Crypto US bank. It will be able to support clients from 49 states with digital asset custody services and help them make payments. Founded in 2011, Kraken is now one of the leading cryptocurrency exchanges in US. It has been approved as the first special-purpose depository...
Buterin's Tweet spurred the growth of another DeFi Token
Pickle Finance (PICKLE) is another food-themed token that surged from a low of $ 4.41 (September 12) to a high of $ 85.24 (September 14). Pickle Finance is being used for "profitable farming" and aims to "eliminate volatility in the four largest stablecoins in the DeFi market."...
Nigeria is taking measures to control crypto
The Securities and Exchange Commission of Nigeria announced that all virtual currencies are securities for forfeit. The assertion was signed on Friday. It says that crypto proposes additional investment methods for people and needs to be managed to guarantee contributor safety and trading...
Jihan Wu recovers his status in Bitmain
Jihan Wu is again the authorized representative and CEO of Bitmain Technology, Bitmain's Beijing-based operations arm. Mikri Zhang, another co-founder of the organization who was removed by Wu last October but recovered authority earlier this year, is no more the legal representative and CEO. The...
FATF will help crypto exchanges identify dubious activities
Each exchange must create a database of traders to combat the illegal use of digital currencies. That is stated in a statement by the Financial Action Task Force on Money Laundering (FATF). This organization has repeatedly pointed out the need for detailed identification of cryptocurrency holders....
One more TV host believes that interest in bitcoin will grow
Of the popular TV presenters, not only Max Keiser is interested in bitcoin. There are at least two leading news outlets on CNBC that believe cryptocurrency has tremendous potential. That is Joe Kernen and Jim Kramer. The first one said last year that the May halving of bitcoin (reduction of the...
Fisco made a complaint against Binance
Japanese crypto market Fisco has accused Binance of money washing. The trial is being held in a U.S. court. Binance is accused of being involved in the washing over $9 M of seized crypto via the Zaif hack. Binance hasn't made any comments yet. On September 14 Fisco applied to the Northern District...
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