CipherTrace will start tracking transactions on the Binance Smart Chain blockchain

Cryptocurrency NewsBy 28/05/2021

Analyst firm CipherTrace has added support for the Binance Smart Chain blockchain. The company’s tools will allow you to track suspicious activity on this network. CipherTrace CEO Dave Jevans said that one of the advantages of CipherTrace tools is that they allow you to analyze transactions not only in a particular blockchain, but also interact with all applications built on its basis. Crypto exchanges, banks, over-the-counter (OTC) platforms, custodian wallet developers and various financial institutions…

Diem Association economist: “Diem’s original development plan was naive”

Cryptocurrency NewsBy 27/05/2021

Diem Association chief economist Christian Catalini announced the readiness of Diem stablecoin developers to cooperate with regulators. Diem is marketed as a temporary replacement for the digital US dollar. Since the publication of the Libra (now Diem) White Paper in 2019, this project has received “many blows” from regulators around the world. They began to criticize the not yet launched stablecoin, fearing that its launch could threaten the entire banking industry. Many large companies have…

PayPal will add the ability to withdraw cryptocurrencies to third-party wallets

Cryptocurrency NewsBy 27/05/2021

José Fernández da Ponte, VP and Head of Blockchain Development at PayPal, said the company plans to add the function of withdrawing crypto assets to third-party wallets. According to Jose Fernandez da Ponte, the feature is already in development, but he did not specify an approximate date for its release. As of today, the PayPal payment system does not allow users to withdraw cryptocurrencies from the platform, although as of October 2020, US citizens can…

Poll: US citizens hear more about DOGE than about ETH

Cryptocurrency NewsBy 26/05/2021

According to a study by Harris Poll, 29% of US citizens surveyed know about the comic cryptocurrency DOGE, while only 21% of Americans have heard about the air. In just five years after the launch of Ethereum, developers have introduced the world to smart contracts, decentralized finance (DeFi) and the ability to profit from “profitable farming”. In addition, on the basis of the Ethereum blockchain, non-fungible tokens (NFT) are created, which today are in great…

Central banks of South Africa and Indonesia began to study government cryptocurrencies

Cryptocurrency NewsBy 26/05/2021

The Reserve Bank of South Africa and the Central Bank of Indonesia have begun exploring the possibility of launching their own digital currencies for retail payments. The Central Bank of South Africa announced that it has begun to study the technical potential of state-owned cryptocurrencies and their economic viability in general. The regulator will focus on how the possible launch of the digital South African rand will affect the country’s economy and its development strategy…

DeFi Attacks: Is There a Way to Defend?

Cryptocurrency NewsBy 25/05/2021

DeFi platforms, including well-known and already proven ones, are still susceptible to hacks and attacks, despite passing security audits. At the end of April, EasyFi lost $ 6 million as a result of a hacker attack, and in February 2021 Yearn.Finance suffered $ 11 million in damage. However, these events are not the only examples of compromised DeFi projects, as a result of which people lost money. The total amount of damage from such attacks…

Huobi has suspended provision of services for miners in China due to new regulatory policy

Cryptocurrency NewsBy 25/05/2021

Huobi Suspends Miner Services In China Due To New Regulatory Policy Cryptocurrency exchange Huobi has suspended some services and products in several countries and miner hosting services in China in response to a new policy of regulators in the country. At the end of last week, a meeting of the Committee for Financial Stability and Development of China took place, during which it became known that the Chinese authorities could ban mining and trading in…

Blockchain Research Institute will open branches in Africa and the Middle East

Cryptocurrency NewsBy 24/05/2021

The Blockchain Research Institute (BRI) will open innovation centers in South Africa, Korea and the Middle East to raise awareness of blockchain among banks and financial institutions. BRI co-founder and chairman Don Tapscott said the independent think tank is already operating in European countries and Brazil. Its goal is to develop strategies for the implementation of blockchain and other emerging technologies at the commercial, government and community level. This year BRI intends to expand its…

Hong Kong may ban exchanges from working with retail investors

Cryptocurrency NewsBy 24/05/2021

Hong Kong regulators intend to ban cryptocurrency exchanges from operating in the region without a license, as well as providing services to non-professional investors. Hong Kong authorities are concerned that cryptocurrencies may be used for money laundering. Particular attention is planned to be paid to the protection of user accounts due to the high volatility of bitcoin along with other cryptocurrencies. Regulators have previously been wary of digital currencies. Given the current market situation, they…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 23/05/2021

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Category Archives: Cryptocurrency News