Monero developers are working on a software fix for a newly identified bug that may expose the occurrence of an output transaction made right away after receiving funds. Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users’ transaction privacy.On Monday, the official Monero Twitter account warned users of a… More
The owner of crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling the fraud-begotten coins on the open market. The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using fraudulent Bitcoin SV (BSV) on its… More
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June. Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records.The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late… More
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. The government of Kazakhstan is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions.Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies like Bitcoin… More
Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance.Changpeng Zhao, founder and CEO of the… More
STX price rallied 195% after the introduction of smart contracts enabled the launch of DeFi and NFTs on the Bitcoin network. Ethereum (ETH) is currently the leader when it comes to smart contract capabilities and the sheer number of projects operating on its network, but the push to build products on Bitcoin (BTC) is gaining… More
Bitcoin’s bounce above $32,000 boosted the mood among traders who believe the bottom is in, but some analysts caution that heavy resistance blocks the road to new highs. Traders are showing a renewed sense of hope after Bitcoin’s (BTC) price held onto the $32,000 range for what could be the second day in a row. Data… More
The legal draft places a minimum capital requirement for crypto businesses operating in Turkey. The Turkish Ministry of Treasury and Finance announced that a draft bill to establish a legal framework for crypto assets in the country is ready. Deputy Minister Åžakir Ercan Gül announced that the crypto bill would be proposed to The Grand National… More
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From… More
Bears have pushed Bitcoin price to the lowest rungs of its current range, but savvy traders can still generate a nice profit via the Iron Condor options strategy. In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale… More
Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country. Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy.The regulator specified… More
Now valued at $33 billion, Revolut didn’t rule out a potential IPO this year, but the firm’s CFO suggested that it was unlikely. Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round.The new investment round is led by Japanese financial giant SoftBank and United States hedge… More
Bitcoin and Ethereum were the center of attention in Q1 but data shows DOGE, ETC and MATIC were the top performers of Q2. In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for $100,000 BTC and $5,000… More
Powell stated that stablecoins need stricter regulations if they are to be part of the payment universe. Jerome Powell, chairman of the Federal Reserve of the United States (Fed) told the House of Representatives today that stablecoins should face stricter regulations similar to money market funds or bank deposits. Powell was asked specifically about Tether (USDT),… More
A pivot toward DeFi, new wallet release and low transaction costs back DAG’s rapid rally to a new all-time high. The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for… More
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