The bridge integration will make the stablecoin available on the Syscoin blockchain for the first time. Major cryptocurrency exchange Binance plans to use a bridge between the Syscoin and Ethereum blockchains to move its Binance USD (BUSD) stablecoin between them. The bridge developed by the Syscoin Foundation will allow BUSD holders to move their tokens […]
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Volatility is firmly on the radar as non-exchange balances suddenly decline by 700,000 ETH within just three days and resistance topples. Major investors in the biggest altcoin Ether (ETH) likely moved almost $200 million to exchanges in a fresh hint that price volatility will now hit. Data from on-chain analytics resource Santiment on July 23 […]
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Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days. Since March central banks have been printing money aggressively in order to combat the economic downturn brought about by the coronavirus pandemic. Philip Lowe, the governor of the Australian Reserve Bank, has warned against the consequences […]
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The last time Bitcoin was Googled so little was right before the start of its push from $7,200 to $10,300. Bitcoin (BTC) is at its least popular among Google users since last year — should history repeat itself, BTC/USD will reclaim $10,000. According to data from Google Trends, worldwide interest in the term “Bitcoin” is […]
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Cisco Systems says a new botnet mines Monero and steals data from the victims. The threat intelligence team at Cisco Systems discovered a new cryptojacking botnet named “Prometei.” This botnet both mines Monero (XMR) and steals data from the targeted system. According to the paper sent to Cointelegraph, the botnet has been active since May. […]
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Australian Reserve Bank governor Philip Lowe says that somebody always pays for money printing. Australian Reserve Bank governor Philip Lowe has taken a swipe at the concept of money printing, as further fiscal stimulus measures are rolled out in the country amid the ongoing pandemic. In a speech in Sydney on Tuesday, the central bank […]
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Traders remain cautious as Bitcoin’s current lack of volatility is similar to November 2018 when low trading volume resulted in a 42% drop. At the start of this week, Bitcoin’s (BTC) volatility, or the average daily oscillation, dropped to its lowest level since November 2018 (when the infamous $6,000 support finally broke). Prior to today’s […]
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The tale of hacked exchange Cryptopia’s extended liquidation is poised to see new legal action from a major creditor and token issuer. On July 21, legal representation for GNY, a firm focused on artificial intelligence and the issuer of LML, filed a final notice of liquidators’ failure to comply with duties. The liquidator in question […]
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With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino. Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, says recent pushes for governments to adopt regulatory paths towards central bank digital currencies won’t adversely affect stablecoins like Tether. “In the long […]
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Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme. Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC. Scammers are now taking advantage of this fact by impersonating “CBDC test” groups. According to Tencent QQ, criminals are promoting a scam that asks […]
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