Category Archives: Cryptocurrency News

ECB: “if the Central Bank does not launch digital currencies, risks of financial stability may arise”

The European Central Bank (ECB) has released a large-scale report in which analysts assess the international role of the euro, as well as discuss the prospects for issuing digital currencies. The authors of the report believe that the issuance of their own digital currencies by central banks is extremely important for maintaining the position of regulators. If such assets are not launched, this could threaten the role of central banks in the country’s economy –…

The court rejected the claim of Steve Wozniak against YouTube

The judge dismissed a lawsuit filed by Apple co-founder Steve Wozniak against YouTube for posting fraudulent videos of Bitcoin giveaways on his behalf. According to the court ruling, the YouTube platform is not responsible for advertising fraudulent cryptocurrency schemes. Santa Clara County Superior Court Judge Sunil Kulkarnia explained that YouTube and its parent company Google are protected by Section 230 of the Media Decency Act, which exempts Internet platforms from liability for content posted on…

IOTA Developers launched the second test network Nectar

The IOTA Foundation announced the launch of a “DevNet” (Developer Network) called Nectar, which will be the second preparatory phase for the rollout of the IOTA 2.0 Update. The developers said that the Nectar phase will play a key role in preparation for the final launch of IOTA 2.0, which is due to take place in late 2021. The move into the Nectar phase came after the rollout of the Chrysalis update to the IOTA…

Google will lift the ban on advertising cryptocurrency exchanges and wallets in the US

Google will allow cryptocurrency exchanges and wallets from August 3 to advertise their services to American users, subject to certain conditions. In 2018, Google banned advertising of all financial instruments that could pose risks to users, and cryptocurrencies were no exception. However, even the partial lifting of this ban came as a surprise, given that government agencies are trying to tighten control over cryptocurrencies. From August 3, cryptocurrency trading platforms and wallets will be able…

Vitalik Buterin: “deploying Ethereum 2.0 will take longer than we expected”

Ethereum co-founder Vitalik Buterin spoke about the obstacles to deploying Ethereum 2.0. According to him, the development is influenced not by technological, but by human factors. At the Virtual Fintech Forum at StartmeupHK Festival 2021 this week, Buterin said the main challenges to updating the world’s largest smart contract network were not technology. He admitted that the creation of Ethereum took much longer than he expected – according to his first estimates, it should have…

Daymak will release an electric vehicle with the ability to mine cryptocurrencies

Tesla’s rival, Canadian electric vehicle maker Daymak, plans to launch a Spiritus vehicle that will mine BTC and DOGE cryptocurrencies while it is parked. According to Daymak, the upcoming Spiritus electric vehicle will include the Daymak Nebula, Daymak’s comprehensive cryptocurrency infrastructure, which has been pending patent application. Spiritus is slated for release in 2023. The company also announced the start of pre-orders for Spiritus – accepting payments is possible in DOGE, BTC, ADA, ETH and…

Ethereum Developers fixed vulnerability in EIP-1559

Ethereum developer Martin Holst Svende proposed a fix for a vulnerability in EIP-1559 that could lead to network congestion. EIP-1559 will be rolled out on the July London hard fork. Ethereum developers fixed a flaw in EIP-1559 that left the network vulnerable to large fake transactions that could overload the blockchain. Scheduled to roll out in mid-July as part of the London EIP-1559 hard fork, it will dramatically change Ethereum’s fee structure – it will…

SEC of Thailand will oblige the issuers of DeFi tokens to obtain a license from the regulator

The Thai government will make another attempt to regulate the cryptocurrency industry. This time, Thailand’s SEC turned its attention to Decentralized Finance (DeFi) projects. The Thai Securities and Exchange Commission (SEC) said any DeFi-related activity may require a license from the financial regulator in the near future. The SEC noted that the new rules will primarily target the DeFi protocols that issue tokens. Another regulatory initiative, apparently, is related to the release by the DeFi…

Hackers withdrew $ 7.2 million worth of crypto assets from DeFi BurgerSwap protocol

Another major DeFi protocol powered by the Binance Smart Chain has been hacked. Hackers withdrew about $ 7.2 million from the BurgerSwap protocol using a quick credit attack. According to a statement from the BurgerSwap developers on Twitter, the protocol was attacked using fast credits – a fairly popular method among hackers to extract cryptoassets from DeFi protocols. In a statement, the developers of BurgerSwap claim that they will try to reimburse users for all…

Dubai Administration reported a fraudulent project Dubai Coin

Dubai authorities and local media have warned investors about a fraudulent cryptocurrency project called “Dubai Coin”, which is allegedly launched as “the official digital currency of Dubai.” Dubai positions itself as a region that creates favorable conditions for the development of blockchain and cryptocurrencies, therefore it does not lack promising projects. On the other hand, the abundance of cryptocurrency startups makes it difficult for inexperienced investors to distinguish reliable firms from scams. Recently, the Dubai…