Category Archives: Cryptocurrency News

Binance has stopped trading stock tokens

Cryptocurrency exchange Binance announced the termination of trading in tokens-shares, without specifying the reasons for this decision. This is most likely due to regulatory pressure. In April, Binance added tokenized stock trading for Apple, Microsoft, Tesla, Apple, Coinbase, and Microstrategy, paired with the BUSD stablecoin. Now their purchase on the stock exchange is no longer possible. Users who still own these assets can sell them within 90 days. However, if users do not manage to…

BIT Digital has moved 14,500 ASIC miners from China to the USA

Mining company BIT Digital, listed on the Nasdaq stock exchange, announced the movement of 14,500 ASIC miners from China to the United States after the imposition of restrictive measures. BIT Digital stated that after the ban on cryptocurrency mining in China, the company ceased operations in the country on June 21. BIT Digital began moving mining equipment to the US back in October last year, but given the current situation, it was forced to hurry…

Crypto investor accuses T-Mobile of negligence leading to BTC theft

A cryptocurrency investor has filed a lawsuit against the mobile operator T-Mobile. He accuses the company of insufficient protection of customer data, which led to the loss of 1.6 BTC through SIM card fraud. Plaintiff Richard Harris alleged T-Mobile’s misconduct and accused the company of failing to adequately protect customer information, employing appropriate support staff, and of violating federal and state laws that resulted in the plaintiff’s loss of 1.63 BTC. Harris demands a jury…

S&P Dow Jones Indices Launched 240 Cryptocurrency BDM Index

S&P Dow Jones Indices, a division of S&P Global, announced the launch of the S&P Cryptocurrency Broad Digital Market (BDM), a “broad digital market index” of 240 cryptocurrencies. S&P Dow Jones Indices (S&P DJI) has announced that BDM will track 240 cryptocurrencies and cover about 80% of the total cryptocurrency market capitalization. Today it is about $ 1.3 trillion. The data provider will be the New York-based company Lukka Prime. To be included in the…

Brazilian regulator approved the launch of the country’s first ETF pegged to ETH

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of an exchange-traded fund (ETF) pegged to ETH. It will be named QETH11 and will be operated by QR Asset Management. QETH11 will be listed on the Brazilian B3 Stock Exchange, registered in São Paulo, which serves clients around the world. QR Asset Management will use the custodian service of the Gemini cryptocurrency exchange, owned by brothers Cameron and Tyler Winklevoss. The company’s management…

OK Group will help the Chinese police in the fight against money laundering through cryptocurrencies

OK Group, the operator of the OKEx cryptocurrency exchange, announced a partnership with the police in the Chinese city of Nanjing to use blockchain to combat money laundering through cryptocurrencies. OKLink, a subsidiary of the OK Group, will work with the Nanjing Public Security Bureau to develop blockchain-based solutions. They will focus on providing public safety and tracking suspicious digital asset transactions to prevent them from being used for money laundering. An OKLink spokesman stressed…

Hop Protocol Launches USDC Bridge Between Ethereum, Polygon and xDai

The developers of the Hop protocol for the interaction of Ethereum’s second level solutions have launched a “bridge” for the USDC stablecoin between Ethereum, Polygon and xDai. According to the Medium Hop Protocol blog post, the USDC “bridge” launched with limited functionality and now supports “instant” transfers of USDC between the Ethereum mainnet, Polygon, and xDai Chain. The Hop developers plan to expand the number of supported assets over the “next two weeks”, including crypto…

PMorgan: “BTC’s potential as a means of payment in El Salvador is limited”

According to JPMorgan analysts, the use of BTC in the economy of El Salvador is facing obstacles, which indicates possible “restrictions” on the use of the cryptoasset as a means of payment. The problem with using bitcoin as a means of payment in El Salvador is that most of the coins in circulation have not changed hands for over a year. Analysts at JPMorgan note daily payments activity in the country, which accounts for about…

Power Ledger platform migrates from Ethereum to Solana

Australian company Power Ledger is migrating its Energy Blockchain platform from Ethereum to Solana to improve transaction speed and scalability. According to a statement from Power Ledger, the platform is now being used globally to streamline renewable energy buying and selling processes. “The Power Ledger tech stack was originally built on the EcoChain consortium network at PoS consensus in 2016, and then transferred to the modified Proof-of-Authority Ethereum consortium chain in 2017,” said Power Ledger…

19th century power plant earns three times more from mining than selling electricity

Interesting results were summed up by a small hydroelectric power plant in Mechaniqueville, New York. It turned out to be three times more profitable to mine bitcoins using the generated energy than to sell it. The Mechaniqueville hydroelectric power plant is one of the oldest in the United States, built in 1897. Then it was mothballed, and in 1986 its activity resumed. According to the CEO of Albany Engineering Corp (AEC), which owns the station,…