Stablecoin supply ratio shows much more buying power among stablecoin holders currently, with Bitcoin trailing at $11,400. Bitcoin (BTC) at $11,400 is ripe for a fresh price surge thanks to stablecoin investors buying up cheap coins, data suggests. Highlighting the latest readings from its stablecoin supply ratio (SSR) metric on Aug. 26, on-chain monitoring resource […]
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The website is still accessible through VPNs and mirrors. BestChange.ru, a major cryptocurrency website in Russia, has got blocked shortly after local lawmakers finally passed the country’s crypto legislation. An aggregator of about 400 local crypto exchange websites, BestChange.ru website was blocked by Russian telecom regulator Roskomnadzor on Aug. 26. The website is still available […]
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Ahead of the launch of its U.K. regulated cryptocurrency exchange, Binance.UK vows to proactively update CryptoUK’s code of conduct to remain fit for purpose. Binance.UK is joining the self-regulating industry association CryptoUK as an executive member. The exchange will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association’s strategic direction, and working […]
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Riot Blockchain has purchased a further 5,100 Antminer S19 Pros, with the firm targeting an operational hashrate of 2 exahashes per second by June 2021. Nasdaq-listed Bitcoin (BTC) mining firm Riot Blockchain has announced a new purchase of 5,100 Bitmain S19 Pro Antminers, that are slated for deployment in February 2021. The new miners will […]
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The Flare Network plans to build a new two-way bridge connecting XRP to the Ethereum ecosystem. On Aug 26, Ripple (XRP) partner Flare Networks revealed details of a proposed new bridge connecting XRP with the Ethereum (ETH) blockchain. Ripple’s CEO Brad Garlinghouse and the XRP Army have expressed support for the first two-way bridge to […]
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After numerous extensions, Celsius’s equity crowdfunding raise has attracted 1,000 investors and more than $20 million. Blockchain-based lending platform Celsius (CEL) Network has raised $20.17 million from more than 1,000 investors with one day to go in its recently extended crowdfunding offering. The most recent extension occurred long after passing the $17 million ‘target’, which […]
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A shift in the crypto ecosystem could result in a whitelist of coins and addresses according to Ari Paul. Crypto investor Ari Paul has predicted that within a year or two much of the crypto ecosystem will only allow withdrawals to whitelisted addresses. In a tweet on August 26, the BlockTower Capital co-founder and CIO […]
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Former U.S. Homeland Security Department general counsel, Stevan Bunnel, has been appointed as Libra’s top lawyer. Stevan Bunnel, former general counsel for the U.S. Department of Homeland Security (DHS), has been revealed as the Libra Association’s new leading lawyer. Since leaving the Homeland Security Department in 2017, Bunnell co-chaired the data privacy-focused legal practice O’Melveny […]
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Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app. South Koreans will soon be able to remotely open bank accounts requiring KYC verification using only their smartphones. According to an Aug. 26 announcement from ICONLOOP, the technology arm of South Korean blockchain network ICON, is partnering with […]
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FIlecoin has been testing EIP 1559 which aims to tackle high network fees on Ethereum. A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network. A proposal to change Ethereum’s fee structure has been in the pipeline since first being suggested in April […]
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