Circle’s consolidation strategy is starting to pay off as it released a set of new APIs for businesses that wish to benefit from USDC without the technical complexities. Circle, the company behind the USDC stablecoin unveiled three new APIs for businesses on March 10. The new developer tools are aimed to help traditional businesses use […]
Continue Reading
Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. In its letter posted on March 10, Binance affirmed […]
Continue Reading
Binance CEO Changpeng Zhao takes issue with Justin Sun’s characterization of the Steem takeover as an ‘upgrade’. Binance CEO Changpeng ‘CZ’ Zhao is distancing himself from Tron founder Justin Sun over what has been described by some as a ‘hostile takeover’ of the Steem blockchain. Sun claimed that these reports were “misleading” and that “We […]
Continue Reading
Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp. Whales appear to be accumulating Ether (ETH), with the percentage of ETH supply controlled by the top 100 wallets standing near 25%. The observation was made by blockchain data analysis firm Santiment, who tweeted […]
Continue Reading
In what seems as one of the biggest crypto dramas of 2020, community seems to have the upper hand. The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms […]
Continue Reading
Huobi has posted a statement admitting that it used customer funds to vote with Justin Sun in a bid to remove Steem’s blockchain validators. Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi […]
Continue Reading
Binance has reversed its vote in what appeared to comprise a coordinated move to take over the Steem blockchain to the benefit of Tron’s Justin Sun. On March 3, Binance CEO Changpeng Zhao announced that the exchange had removed its votes that contributed to a sudden shift of control over the Steem blockchain. Earlier today, […]
Continue Reading
Regular, non-random Bitcoin outflows from FCoin’s cold wallet point to an exit scam amid the crypto exchange platform’s shutdown. Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin […]
Continue Reading
Cryptocurrency exchange Poloniex confirms that no users lost funds or holdings after a bug forced the platform to reverse trades on Feb. 12. Cryptocurrency exchange Poloniex remains confident that it has identified and fixed an error that caused a number of erroneous trades on the platform earlier this week. On Feb. 12, Poloniex made a […]
Continue Reading
Poloniex introduces “partially localized” version of Poloniex for Russian speaking users on its platform. Russia is apparently becoming a more attractive market for cryptocurrency firms as another major crypto platform is adding Russian language support. Poloniex, a popular crypto exchange originally based in the United States, has begun adding the Russian language on its platform […]
Continue Reading