Category Archives: Cryptocurrency News

Linux Foundation and AAIS Launch Blockchain-Based Platform for Insurance Firms

The Linux Foundation Technology Consortium and the American Association of Insurance Services (AAIS) have launched a blockchain-based Open Insurance Data Link platform for insurance companies. The Open Insurance Data Link (OpenIDL) project is an open source platform. According to the developers, the use of distributed ledger technology (DLT) will automate business processes in the insurance industry and ensure transparent data exchange between stakeholders. OpenIDL can help you reduce costs and save time in property and…

Halo Arc update package for Zcash launched scheduled for october

The Electric Coin Company (ECC) developers have revealed details about Halo Arc, a set of updates for the confidential cryptocurrency Zcash. Its launch is scheduled for October 1, 2021. Halo Arc includes updates to Zcashd (Zcash Consensus Node), a prototype ECC wallet, and a development kit (SDK). The wallet will allow you to conduct anonymous transactions by default. Today, users use this Zcash feature at their own discretion. Halo Arc was originally slated to launch…

Binance Will Open Tesla Tokenized Shares Trading

Binance cryptocurrency exchange is launching fractional tokenized Tesla shares to expand access to traditional assets without having to buy them in full. Tesla, an electric vehicle company, will be the first tokenized stock from the stock market to be traded on Binance. As of today, Tesla’s share price is about $ 677. However, Binance users do not have to buy a “whole” share – the minimum purchase size is only one hundredth of a Tesla…

CipherTrace provided DeFi projects with a tool to comply with US sanctions

Analyst firm CipherTrace has announced the DeFi Compli tool. It will exclude the interaction of DeFi projects with cryptocurrency addresses from the OFAC sanctions list. DeFi Compli will monitor that addresses used for trading on Decentralized Exchanges (DEX) are not blacklisted by the Office of Foreign Assets Control (OFAC). This list includes cryptocurrency addresses related to drug trafficking, terrorist financing, “election interference”, cybercrimes and other illegal activities according to the US government. CipherTrace has launched…

Poll: 9% of American Teens Trade Cryptocurrencies

According to a survey by investment bank Piper Sandler, 9% of teens in the US were trading cryptocurrencies. Experts consider it dangerous that young people are trading in “high-risk assets”. Piper Sandler’s Taking Stock With Teens survey surveyed 7,000 teens and about 630 of those surveyed said they had traded cryptocurrencies. However, the survey did not collect any additional information about which cryptocurrencies were at the disposal of young people, the respondents kept the cryptocurrency…

Cosmos Developers will launch a universal decentralized exchange Gravity in May

The Cosmos developer Tendermint will launch a “universal DEX” in May for trading any cryptoasset. For this, the company acquired the B-Harvest project, which runs on the Cosmos blockchain. Tendermint creates Cosmos, a decentralized network that connects independent blockchains to enable interoperability between them. The developers acquired B-Harvest, a DeFi project that was developed on Cosmos and operates one of the Cosmos validator nodes. Tendermint did not disclose the amount of the transaction, but noted…

The class action lawsuit filed against Ledger over last year’s data breach

Users filed a class action lawsuit against hardware wallet maker Ledger and e-commerce platform Shopify over a data breach last year. In July 2020, Ledger reported a breach in its marketing database, leading to the release of a million emails and some personal documents from customers. The compromised database was later put up for sale on the Internet, after which people began to complain about fraudulent emails. A few months ago, Ledger provided details, reporting…

Court Allowed Ripple Access To SEC Internal Cryptocurrency Materials

Ripple has gained access to internal SEC documents, in which the department expresses its views on the nature and regulation of crypto assets. Ripple still intends to prove XRP is not a security. Last December, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its co-founders, accusing them of a $ 1.3 billion sale of unregistered securities in 2013. Ripple has denied the agency’s accusations, urging the Commission to elaborate on…

Tech Mahindra develops a tool for banking settlements in stablecoins

Indian technology company Tech Mahindra is working with the Quantoz incubator to develop a new service that will allow banks and financial institutions to settle in stablecoins. Tech Mahindra announced that it has entered into an agreement with the Dutch blockchain-based application incubator Quantoz to jointly develop a tool to integrate stablecoins into banking infrastructure. The tool is intended not only for banks, but also for firms operating in the financial sector. According to the…

The number of Lightning Network nodes on Bitcoin exceeded 10 thousand

The number of Lightning Network nodes on the Bitcoin blockchain has grown by almost 94% over the year and exceeded 10,000. 1185 BTC worth about $ 69 million are currently blocked on the Lightning Network. According to publicly available data, the number of nodes in the second layer of the Bitcoin Lightning Network reached 5,335 in April 2020. As of April 2021, their number has almost doubled to 10,348. However, this figure only includes nodes…