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Popular cryptocurrency exchange Binance will be conducting a system upgrade on May 15, 2019, in the wake of a $ 40 million hack.
Per an announcement that was published on the exchange’s blog, the scheduled system update will affect all transactions on the platform for about 6 to 8 hours. However, it also noted that the time needed for this upgrade to complete might vary.
Circle’s cryptocurrency exchange subsidiary, Poloniex, announced on Wednesday that it is planning to support staking for Cosmos (ATOM). Cosmos leverages a delegated proof of stake (DPoS) consensus system, which currently yields around 13% annually for stakers. Poloniex announces staking rewards for @cosmos $ ATOM. Coming soon – eligible exchange customers to automatically earn staking rewards. Learn […]
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WeChat, the #1 messaging app in China, is also widely used for cryptocurrency transactions. Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions. The revised agreement will be put into effect on May 31, 2019.
iFinex, the owner of Hong Kong-based cryptocurrency exchange Bitfinex, is reportedly planning to raise $ 1 billion worth of Tether (USDT) through an initial exchange offering (IEO) for a new exchange token called LEO. According to a recent report by The Block, which cites Bitfinex shareholder Zhao Dong, Bitfinex has already had over $ 600 million in […]
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Ocean Protocol, a decentralized data exchange protocol to unlock data for AI, is now planning to raise funding via an initial exchange offering of Ocean Tokens (OCEAN) on Bittrex International following its failed attempt to meet its fundraising goal on CoinList. We are delighted to announce that @BittrexIntl will be conducting an Initial Exchange Offering […]
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On April 15, Binance announced that the trading platform will be delisting bitcoin SV (BSV). The removal follows the tendentious actions of Craig Wright over the last few weeks in which the BSV creator has sent libel lawsuit warnings to well-known digital currency proponents. Since the announced delisting, the price of BSV has fallen by more than 13%.
Also read: Bitcoiners’ Seastead in Deep Trouble With Thai Government
The South Korean military acquisitions agency hopes a blockchain system can improve defense business operations.
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On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations.
Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins
Earlier this month, Brunch Pool announced that it plans to offer investors the opportunity to join likeminded stakers who want to help build the Cardano (ADA) ecosystem by paying a percentage of staking rewards to the foundation driving its development. Introducing Brunch Pool.https://t.co/6cfsnwmEdW — Brunch Pool | Cardano Stake Pool (@brunchpool) March 9, 2019 Cardano leverages […]
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Last week, Loom Network (LOOM), a blockchain ecosystem for games and social apps, announced support for the top-100 ERC-20 tokens by market cap, including Binance Coin (BNB), on PlasmaChain, a high-performance DPoS sidechain that acts as a bridge between multiple chains and Ethereum (ETH). On Wednesday, Loom Network kept the good news rolling with the revelation that […]
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South Korean internet company Kakao is reportedly working on integrating a crypto wallet into its messaging app, KakaoTalk, for its more than 44 million active users. According to a report by South Korean media outlet fnnews, the move by Kakao is in response to the recent announcement by Samsung that it would be adopting a […]
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“The merchants don’t want the banks either — that’s the alignment no one talks about. Look at what Kroger did. They pulled out of Visa. The retailers are on the good side.”
Alex Adelman, co-founder and CEO of Lolli, should know. After graduating from the University of North Carolina at Chapel Hill in 2011, the entrepreneur started Cosmic, an e-commerce gateway “with the idea to democratize commerce, allowing anyone to buy anything anywhere,” he told Bitcoin Magazine. The company, after an initial acquisition by PopSugar Inc., would end up in the hands of e-commerce cashback giant Ebates, and Adelman and his CTO, Matt Senter, would stay on staff after the buyout.
After more than 3 years in development, Augur (REP) took the crypto community by storm last summer when it launched its peer-to-peer prediction markets on the Ethereum (ETH) blockchain. However, the excitement quickly dropped off as adoption failed to materialize. While Augur has yet to live up to the hype, Hodl Hodl, a peer-to-peer crypto exchange, […]
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Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019.
On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year. Currently, Ebang is the third largest manufacturer of cryptomining equipment.
There is one main reason that Ebang might have a solid chance of moving up in the mining manufacturing world: Bitmain’s recent financial troubles. Also based in China, Bitmain is currently China’s unequivocal leader in ASIC mining hardware manufacturing. Canaan, the second largest company on the list, is centered in China as well.
Effect.AI (EFX), a startup developing a decentralized network for artificial intelligence and AI related services on the blockchain, recently revealed that it is planning to migrate from NEO (NEO) to EOS (EOS). Rumor finally confirmed! We’re excited to announce that https://t.co/Zp35M5kT00 will build The Effect Network on EOS; a necessary step in our quest for […]
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TRON Foundation CEO Justin Sun took to Twitter Sunday to reveal that TRON (TRX) is planning a hard fork on February 28 that will bring a number of new features to the blockchain platform. #TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment […]
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Recently launched privacy coin Beam (BEAM) revealed on Tuesday that it is planning to develop and launch the very first Mimblewimble-compatible Lightning Network, a second-layer scaling solution for fast and cheap transfers of value off-chain. Discover how we're planning to develop and launch a Mimblewimble compatible Lightning Network https://t.co/2bCa4409nt #mimblewimble #SovereigntyByDesign — @Beamprivacy (@beamprivacy) February 12, 2019 […]
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Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB).
Also read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market
Token burns, much like stock buybacks in traditional markets, decrease the outstanding supply (shares), adding upward price pressure. That’s why savvy crypto investors should always be on the lookout for blockchain projects announcing token burning schedules. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed […]
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Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, is reportedly targeting a March launch date for its Bitcoin (BTC) custody service. According to a recent report by Bloomberg, which cites three individuals familiar with the matter, Bitcoin custody will be the first of many crypto products made available for large investors like […]
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