Crypto markets have evidently tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Wednesday, May 8 — having just broken new 2019 highs, crypto markets have tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Virtually all of the top 20 cryptocurrencies are […]
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Chinese cryptocurrency mining giant Bitmain’s hashrate has noticeably dropped in the past 30 days. Chinese cryptocurrency mining giant Bitmain’s hashrate has noticeably dropped in the past 30 days, according to the company’s hashrate disclosure update as of May 7. Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the […]
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Hackers gained access to Binance crypto exchange and took 7,000 bitcoins. Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7. Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain […]
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Peter Grosskopf, CEO of the global alternative asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset. Peter Grosskopf, CEO of the global asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset, according to an interview with Kitco News on […]
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The U.S. FTC is suing iBackPack for allegedly spending its raised funds on bitcoins and credit card bills, rather than the stated products. The United States Federal Trade Commission (FTC) is suing a startup for spending its raised funds on bitcoins (BTC) and credit card bills, rather than the stated products, the court filing revealed […]
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Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia. Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia, according to a press release shared with Cointelegraph on May 7. Zebpay has expanded its trading services to Australia by opening a new office in the fintech hub of Melbourne. The exchange’s Australian customers are […]
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Average bitcoin transaction fees increased by nearly 200% in April compared to March. Average bitcoin (BTC) transaction fees increased by nearly 200% in April compared to March, a report released by crypto research firm Diar on May 6. The report also notes that bitcoin miners earned $13.7 million from fees alone — over 71% up […]
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Following the report of Fidelity soon launching bitcoin trading for institutional clients, crypto markets rallied to break new 2019 highs. Tuesday, May 7 — following some moderate losses yesterday, the crypto markets have rallied to break new 2019 highs today, with bitcoin (BTC) inching close to $6,000. All the top 20 coins by market cap […]
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Bitcoin developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork to address privacy issues. Bitcoin (BTC) developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork in a message to the bitcoin-dev mailing list on May 6. Taproot is a solution that aims to combine the advantages […]
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U.S.-based coffee chain Starbucks is working with tech giant Microsoft on its blockchain-based coffee tracking initiative. United States-based coffee chain Starbucks will implement tech giant Microsoft’s Azure Blockchain Service to track coffee production, tech news site GeekWire reports on May 6. Starbucks first announced its “bean to cup” initiative in 2018, stating that it would […]
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