Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
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Dave Ramsden said that crypto assets are too volatile to be a store of value. Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview with CNBC published on April 30. Bank of England […]
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Following media reports in late April, Chicago-based cryptocurrency exchange ErisX has launched spot trading. Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, the firm tweeted on April 30. The ErisX spot exchange is the first part of the company’s development of a single platform that will represent both a […]
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The world’s largest stock exchange announced that it has introduced a new XRP index to its global data service. The world’s largest stock exchange, Nasdaq, announced that it has introduced XRP Liquid Index (XRRLX), a new XRP index, to its global data service. The news was announced in a post on its website published on […]
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Japan and South Korea took the remaining spots in the top three countries, still far behind the U.S. The United States, Japan and South Korea are the world’s biggest fans of cryptocurrency exchanges, new research from software firm DataLight reported April 29. After investigating the origin of traders who use well-known exchanges, DataLight — which […]
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Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with Vitalik Buterin. Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29. The tweet, which Musk swiftly ironized by adding “jk” within the same thread, prompted Buterin […]
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Crypto exchange Bitfinex is allegedly planning to issue a native exchange token. Crypto exchange Bitfinex is allegedly planning to issue a native exchange token, a post from Bitfinex shareholder Zhao Dong to Chinese social media platform Weibo revealed on April 30. Zhao, who also runs a bitcoin (BTC) over-the-counter trading desk, has claimed that the […]
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Hackers used Microsoft email accounts to steal users’ cryptocurrency, Motherboard reports. In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by Vice’s Motherboard on April 29. One victim claimed on a Dutch […]
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Quebec energy regulator Régie de l’énergie has released new rules for cryptocurrency miners. Régie de l’énergie, the energy regulator of the Canadian province of Quebec, has released new rules for cryptocurrency miners. The development was announced by major Canadian electricity provider Hydro-Quebec on April 29. Under the new regulations, the Régie de l’énergie has ordered […]
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The number of infected Electrum BTC wallets has reportedly reached 152,000 following an ongoing DoS attack on its servers. The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29. […]
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