Revolut reached a $1.7 billion valuation, according to Quartz after integrating cryptocurrency into its payment app, making it the top fintech firm in Europe that allows users to send bank payments with extremely low fees, surpassing TransferWise’s valuation of $1.6 billion. Revolut was valued at less than $1 billion in 2017, with a much smaller […]
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OKEx, a Hong Kong digital asset exchange has suspended all ERC20 token deposits on April 25 after the discovery of a BatchOverFlow bug with Ethereum smart contracts. According to OKEx, the bug enables hackers to “generate an extremely large amount of tokens, and deposit them into a normal address.” This vulnerability, by extension, would enable […]
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Gemini has announced a partnership with Nasdaq to monitor its platform. Under this agreement, SMARTS, Nasdaq’s surveillance technology, will be utilized to increase oversight over all cryptocurrency trading pairs on the exchange, including BTC/USD, ETH/USD and BTC/ETH. This Nasdaq technology will not only be used to monitor actual trading on the platform, but it will […]
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One of the greatest concerns about cryptocurrencies is the reality of Quantum Computing. Cryptocurrencies like Bitcoin depend on cryptography to mine new coins and to protect their value. With the exception of a recent hacker attack on Verge that required a fork, cryptocurrencies have been hackerproof due to their encryption technology. However, Quantum Computing has […]
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MyEtherWallet has reported that their DNS servers were hacked, according to a tweet. The hijack resulted in traffic being redirected to a phishing website, and MyEtherWallet has made it clear that this was not on their side, and that they verified which servers it did effect, and that it has been resolved. Couple of DNS […]
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Alphabet Inc., the parent company of Google, Nest and other ventures has invested in Basis, an ERC20 token. Bain Capital Ventures invested $133 million during the private placement round as their first crypto purchase. Alphabet Inc.’s venture capital division, GV, along with Lightspeed Venture Partners, Foundational Capital, Andreessen Horowitz and Sky9 Capital were among the […]
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Amazon was awarded a US patent for analyzing the data stream coming from various data sources, to determine who has made a Bitcoin transaction. The data that the analysis provides may then be sold to subscribers, or shared with various government organizations, including law enforcement, tax collectors and regulators. According to the patent, the invention […]
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News has come out that the Islamic scholar, Muhammad Abu-Bakar of Blossom Finance in Indonesia has declared Bitcoin permissible under Sharia Law. This would bring in a potential 1.6 billion Muslim investors from around the world. The study was published just prior to the huge spike in the price of Bitcoin seen on April 12th, […]
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Bitcoin mining rig company, MyRig, formerly BitmainWarranty, confirmed that the Halong DragonMint T1 miner uses 10nm Samsung chips, according to a recent tweet. Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about […]
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In the United States, the Constitution is the law of the land, upon which all other rules and regulations are based. It is a document that was framed to protect the inalienable rights of the people, and it has withstood the test of time, with amendments. There are those people who believe in Constitutional Originalism […]
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