Ethereum creator Vitalik Buterin says recent high fees could be blackmail. Multiple transactions recently incurred millions in transaction fees on the Etheruem network, which creator Vitalik Buterin thinks could have been blackmail. “So the million-dollar txfees *may* actually be blackmail,” Buterin said in a June 12 tweet. What happened? Proposing his theory on the situation, […]
Continue Reading
We selectively analyzed six stablecoins — USDT, GUSD, HUSD, PAX, TUSD and USDC — to uncover their minting and burning activities so far in 2020. As of June 4, six stablecoins — Tether (USDT), Gemini Dollar (GUSD), HUSD (HUSD), PAX Gold (PAXG), TrueUSD (TUSD) and USD Coin (USDC) — have had a total of more […]
Continue Reading
Crypto exchanges such as OKEx, Binance, Huobi, Kraken and Bitmex outline the key challenges they face in pushing to establish global operations. Cryptocurrency exchanges have an important role in driving adoption around the world, but even the biggest operations face significant challenges when trying to expand their services. The advent of Bitcoin (BTC) and the […]
Continue Reading
A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of Mt. Gox, spoke to Cointelegraph. A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of the now-defunct exchange Mt. Gox, spoke to Cointelegraph regarding the verdict. On June 11, […]
Continue Reading
A third transaction with a transaction fee worth thousands of Ether has confirmed as experts suggest foul play again. A third intriguing transaction has taken place with a 2,310 Ether (ETH) transaction fee, valued at over $540,000 at time of press. Occurring less than 24 hours after the first two transactions with over $5.2 million […]
Continue Reading
The U.S. Department of Justice received two more guilty pleas from Romanian nationals involved in a crypto-fuelled transnational cyber fraud ring on June 11. Fifteen people have pleaded guilty to involvement in an international syndicate that used fraudulent online auctions to dupe victims out of Bitcoin (BTC) according to the United States Department of Justice […]
Continue Reading
Seychelles-based exchanges moved $36 billion worth of Bitcoin across international borders in 2019. Seychelles-based exchanges led the world in cross-border Bitcoin (BTC) transactions in 2019. What Switzerland is to the world of watchmaking, Seychelles is to the world of crypto exchanges. The small island nation with a total population of less than 100,000, presents a […]
Continue Reading
U.S.-based crypto exchange Seed CX has announced it is shutting down to focus on its settlement infrastructure. U.S.-based crypto exchange Seed CX is shutting down to focus on its settlement infrastructure. According to a Seed CX company blog posted June 11 by CEO Edward Woodford, its settlement arm Zero Hash now accounts for 95% of […]
Continue Reading
Tradehorn has become the latest startup to launch a cryptocurrency exchange in India after the Supreme Court repealed the Reserve Bank’s ban. The repeal of the Reserve Bank of India’s (RBI) crypto ban has driven a boom in exchanges launching in India, offering hope that the growth of a robust local industry will incentivize lawmakers […]
Continue Reading
The Winklevoss twins’ crypto exchange continues its global expansion with the appointment of a Managing Director for the Asia-Pacific region. The Gemini cryptocurrency exchange is expanding further into Asia with the appointment of former Leonteq Asia CEO Jeremy Ng as Managing Director of Asia Pacific region. The move sets the Winklevoss twins’ exchange up to […]
Continue Reading