The Ethereum Foundation says it will not hold blockchain’s largest international conference Devcon VI this year and has moved the event to Bogota, Colombia in 2021 — although a precise date is yet to be announced Colombia is one of the top countries in crypto adoption in the world. Why the delay? In a statement
Month: May 2020
The proposed Libra cryptocurrency will allow Facebook to increase ad prices, the social network’s CEO Mark Zuckerberg said at the annual shareholder meeting on Wednesday, according to Cnet. At the event, Zuckerberg was reportedly asked how Facebook plans to profit from integrating Libra into its services. Introducing a new cryptocurrency will make commerce more beneficial
Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28. After breaking out of the falling wedge pattern on Wednesday night, the top ranked cryptocurrency on CoinMarketCap pushed through $9,350, a level traders expected to present resistance and made a beeline for $9,500. Today’s rally brings Bitcoin price
The world is being pushed toward a new paradigm where simple, everyday tasks and functions, often taken for granted, are becoming increasingly cumbersome. This is partly due to the ongoing COVID-19 global pandemic and its role in forcing essential operations into the realm of digital. But this is a paradigm we’re already familiar with. It’s
Tether (USDT) cites the popularity of its Ethereum (ETH)-based asset as the reason why the company has never burned a single token. The recent report from Flipside Crypto concluded that Tether is not in the practice of burning its Ethereum tokens: “We can also see that no tokens ever go to the “burn” category, which
A study unveiled on May 28 by the National Police of Colombia shows that ransomware attacks are a rising trend across the country. The report notes that 30% of all ransomware attacks within Latin American have specifically targeted Colombia. The report, made in alliance with Cisco, McAfee, Microsoft, Absolute, Fortinet, and Claro, states that the
The Central Bank of Russia is reportedly developing a digital mortgage platform powered by a domestically developed blockchain called Masterchain, local state-owned news agency Ria reported on May 28. According to Olga Skorobogatova, first deputy governor at the central bank, Masterchain has recently started to support digital mortgages, which forms a foundation for the upcoming
Cryptocurrency market data provider Nomics has launched indicators for crypto asset market capitalization and volume data aggregated from transparent exchanges. According to an announcement on May 28, the new indicators introduced by Nomics only include data from cryptocurrency exchanges with A+, A or A- transparency ratings. Nomics bases its transparency ratings largely on data contained
Bitcoin (BTC) supporters have widely panned Goldman Sachs after it emerged that the banking giant does not consider it as a real asset class. Materials from an investor call on May 27 revealed that the United States’ fifth-largest bank is dismissive of the largest cryptocurrency. Goldman wheels out legacy Bitcoin complaints The main reason for
A recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely. The report — shared with Cointelegraph by a Luno representative on May 27 — sheds light on Africa’s financial infrastructure and the role that cryptocurrencies play in it. The author of the research, which was
According to a recent report by Delphi Digital, the total gas used on the Ethereum blockchain has reached an all time high and it seems like this the figure is set to increase. Gas is the measure used to price fees on the Ethereum blockchain, and the overall use of gas on the network has
In the latest episode of Block Stars, Ripple CTO David Schwartz talks to the founders of Keyless, a deep-tech cybersecurity company whose innovative solutions in authentication and digital identity could have a big impact on the cryptocurrency experience. Most people and businesses say they care about security and privacy. But these issues are often sacrificed
Although Bitcoin (BTC) has weathered the current crisis and come out on top, Goldman Sachs only focused on the March 12 fall in a presentation to its clients. Using liberally interpreted information, Goldman appears to be discouraging their clients from diversifying their portfolios with Bitcoin allocations. Luckily, there are a few large players who understand
Earlier this week, Tether (USDT) was making headlines for flippening XRP and taking the number three spot for largest cryptocurrency by market cap. Confidence in the leading stablecoin seems to have returned, despite Tether and Bitfinex still being embroiled in two ongoing court proceedings — one of which relates to an $850 million cash loan
A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges. The Flow of USDT Within A Crypto Ecosystem. Source: Flipside Crypto. Binance, Bitfinex & Huobi The report states that
In August 2008, an individual believed to be Bitcoin creator, Satoshi Nakamoto, purchased Bitcoin.org through an anonymous domain registrar. When Satoshi left the community, he entrusted control of the site to a number of impartial individuals. Since that time, Bitcoin.org has largely operated as an educational resource, helping newcomers to the space learn about Blockchain
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