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Binance Prepares ‘For the Next Wave’ With ‘Largest Upgrade’
29.6.2020
Source: Instagram, Binance
Major crypto exchange Binance has resumed trading after completing its “largest upgrade to date,” which according to the exchange’s CEO, Changpeng Zhao, included switching the trade matching engine to a new programming language, essentially re-writing all code in...
Thai Authorities Go After Crypto in Search for Drug Money
26.6.2020
Authorities in Thailand are determined to hunt down the country’s well-hidden drug lords by going after everything from gold shops to oil, construction firms - and cryptocurrency, a new report by news agency AFP claims.
According to the report, it is the recent downfall of a large meth syndicate...
Hyundai ‘May Look to Rival Kakao’ with New Cryptocurrency Move
26.6.2020
South Korea could be about to see its most affluent player yet enter the crypto fray – with business group Hyundai reportedly on the verge of releasing a range of cryptocurrency-related services.
The company, most famous internationally for its carmaking, shipbuilding, construction and shipping...
FTX Exchange 'Games the Rules' on BAL Token Distribution – Report
26.6.2020
Following a sharp rise in price during its first few days of trading, decentralized finance (DeFi) platform Balancer’s BAL token is down by nearly 16% today - after the team behind the new protocol had to intervene to stop an exchange from continuing to exploit a weakness in the token distribution...
Telegram Chief Durov Says He Has Already Repaid Investors USD 1.2 Bn
26.6.2020
Telegram boss Pavel Durov says he has paid back some USD 1.2 billion to investors in the now-abandoned Telegram Open Network (TON) blockchain platform after an out-of-court settlement with the United States regulatory body the Securities and Exchanges Commission (SEC).
Investors had stumped up...
USD 200m Hacker Group Targets American, Japanese Crypto Exchanges
25.6.2020
A security firm has warned that a group of hackers named CryptoCore has been raiding crypto exchanges – and may have amassed a USD 70 million crypto pot, leaving a USD 200 million trail of damage in its wake.
Per a report from Clear Sky Security, CryptoCore is thought to comprise individuals based...
Binance Teams up with Payments Firm to Allow ‘Low-fee’ Crypto Buying
25.6.2020
*********NOTE FROM AUTHROR: EMBARGOED UNTIL June 25, 9 am ET/3 pm CET.********
Estonia-based payment solutions provider Mercuryo says it has struck a partnership deal with Binance that will allow exchange customers to buy crypto with fiat. The latter claims that the move will allow customers to...
Domain-powered Transfers: Huobi Wallet in Unstoppable Domains Deal
25.6.2020
Huobi Group's multi-chain Huobi Wallet has teamed up with Unstoppable Domains, a San Francisco-based company that builds domains on blockchain networks, enabling wallet users to transfer their cryptocurrencies using .crypto domains. Besides aiding crypto adoption, say the companies, this will also...
Ripple Chief: US Risks ‘Chaos’ by Letting China Win Blockchain Race
25.6.2020
Ripple executive chairman and co-founder Chris Larsen has warned Washington to “get a lot more involved in blockchain,” stating that the United States is “slow to the game” – and is allowing China to pull ahead in the race to digitize finance.
In a video conversation with Wall Street Journal...
USDC Ends Ethereum Exclusivity, Begins Algorand Partnership
25.6.2020
Source: Adobe/Sashkin (edited by Cryptonews)
The operator of stablecoin USD coin (USDC) is to end its exclusive relationship with the Ethereum blockchain network and will move to Algorand, with expansion onto other blockchain networks to follow.
USDC is run by Centre, a joint project that comprises...
Coinbase Listing Effect May Be 'More Muted' than Believed - Report
24.6.2020
Despite often being referred to as one of the most sure-fire ways to pump the price of a cryptoasset, a listing on the popular fiat-to-crypto platform Coinbase may not be as lucrative for token holders as some have thought, a new study from crypto analytics firm Coin Metrics has found.
In...
South Korean Crypto Exchange Bithumb Hoping to Launch IPO
24.6.2020
The world of cryptocurrencies in South Korea could be set for a major shake-up with leading cryptocurrency exchange Bithumb hoping to launch an initial public offering (IPO).
Per Money Today, Bithumb has already selected Samsung Securities as its host and has “begun work” on the IPO preparation...
New Balancer Token More Than Doubles in Price as COMP Drops Sharply
24.6.2020
After an impressive rise – and subsequent fall – in price for Compound Finance’s COMP token over the past weekend, a new contender has already arrived to the DeFi land, making a splash on the first day after it started distributing its new token to users.
The new platform in question is Balancer,...
South Korea Developing Solution that Hunts Down Dark Web Crypto Deals
23.6.2020
Source: Adobe/Антон Медведев
A South Korean government agency will develop software that will trace the movement of cryptocurrencies on the dark web. The move is a direct response to the Telegram Nth Room case, a rape and sexual exploitation video ring that has flummoxed police.
Per New Daily,...
Ripple and SBI Looking to Roll out XRP Liquidity Solution ‘This Year’
23.6.2020
Ripple and its keenest Asian partner SBI are looking to push the token’s adoption on the continent – and new data shows that two East Asian nations are leading the way when it comes to interest in the XRP token.
Per Coin Post, SBI Ripple Asia, the two companies’ joint-venture project says that...
Crypto Listing and Delisting Announcements: Week 25
22.6.2020
Source: Adobe/MQ-Illustrations
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Crypto Market Sentiment Drops Further, Ethereum Out of Positive Zone
22.6.2020
Crypto market sentiment score (sentscore) has taken yet another, this time much larger step away from the positive zone, dropping back into the 4-5 range. As crypto market sentiment analysis tool Omenics shows, the combined moving 7-day average sentscore for the top 10 coins dropped from 5.48...
Synthetix, Ontology Outperform Market on Quiet Weekend for Crypto
22.6.2020
After what has been a relatively quiet weekend in the crypto market, the two altcoins Synthetix (SNX) and Ontology (ONT) both stand out as two of the strongest performers over the past week, outperforming bitcoin (BTC) by a wide margin.
As of press time on Monday (10:32 UTC), SNX was one of the...
Italian Banking Association Gives Digital Euro the Green Light
22.6.2020
The Executive Committee of the Italian Banking Association (ABI) has approved ten criteria for a Central Bank Digital Currency (CBDC), bringing Italy a step closer to agreeing in principle to the possible launch of digital euro.
Associazione Bancaria Italiana is the trade association of Italian...
Ledger Bitcoin Selling Feature and More Coins Coming 'Soon'
18.6.2020
Major crypto hardware wallet manufacturer Ledger has more in store when it comes to its crypto features, the company confirmed via their PR representative.
As reported previously, Ledger launched a crypto buying option directly on their Ledger Live application. The manufacturer, however,...