Category Archives: Cryptocurrency News

The half of the validators did not work for more than 10 hours on the Stellar blockchain

Stellar developers have reported network outages due to the disconnection of about half of the Stellar Development Foundation (SDF) nodes. Bitfinex and Bitstamp have suspended deposits and withdrawals of XLM. Stellar technicians reported that some validators were disabled around 1:00 PDT. The engineers have been working on fixing the problem for about 10 hours. Details and estimated recovery times for Stellar remain unknown. According to block explorer Stellar Expert, transactions are still being processed on…

Grayscale Investments Ready to Convert GBTC Trust to Bitcoin ETF

Cryptocurrency fund management company Grayscale Investments has announced its full readiness to transform the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) for bitcoin after the consent of the SEC. Grayscale Investments intends to re-apply to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded index fund. This fund will provide traditional investors with access to BTC without having to own the asset itself. There are certain difficulties here. In recent…

Cryptocurrency market capitalization exceeded $ 2 trillion

According to Goingecko, the cryptocurrency market capitalization has surpassed the $ 2 trillion mark. On Coinmarketcap, the market is still valued slightly lower, at $ 1.97 trillion. Bitcoin’s capitalization still exceeds the combined value of all other cryptocurrencies – its dominance index today is close to 56%. Together with ether (capitalization $ 243 billion), they “weigh” 67.5% of the entire market. The third is Binance Coin with a capitalization of $ 57.7 billion. The cryptocurrency…

Bank of Thailand studies public opinion on digital baht issue

The Central Bank of Thailand (BoT) has opened a public discussion on the launch of the government’s digital currency and its capabilities. The regulator accepts comments until June 15th. The Bank of Thailand has published an advisory report on the prospects for the digital Thai baht launch. According to the document, the state digital currency is considered a safe means of payment and can be used along with cash. The digital baht will be available…

British regulator reported on fraudulent firm Blockchain Recovery Association

The UK Financial Conduct Authority (FCA) has reported on a firm called the Blockchain Recovery Association posing as a legitimate company with an FCA license. The regulator reported on the increased incidence of cryptocurrency fraud, when cybercriminals carry out phishing attacks under the guise of the names of licensed companies. One such scheme was the Blockchain Recovery Association, whose founders sent emails to potential investors and also made cold calls. The cybercriminals pretended to be…

Harvard researchers estimated the cost of attacks on the Ethereum signal chain

Researchers at Harvard University described two strategies for attacking Ethereum 2.0’s Beacon Chain: malicious block reorganizations and deferral of finality, and also estimated their cost. Four researchers at the Harvard School of Engineering and Applied Sciences – Michael Neuder, Daniel Moroz, Rithvik Rao, and David Parkesk – have described two possible ways to attack the signal chain Ethereum 2.0. In the first strategy, an attacker can confirm the wrong block by initiating so-called “private forks”.…

Anchorage and Prometheum will launch an alternative trading system for digital assets

Custodian service Anchorage, in partnership with the Prometheum platform, plans to launch an alternative trading system for digital assets after receiving regulatory approval. A publicly available alternative trading system will enable investors to trade digital assets. If approved by regulators, the system will be overseen by the US Securities and Exchange Commission (SEC) and the Financial Institutions Regulatory Agency (FINRA). The marketplace will be owned by Prometheum’s subsidiary, Prometheum Ember ATS (“PEATS”), and will act…

Ethereum Miners Bypass Nvidia’s Limitations For RTX 3060 Graphics Cards

One of the Ethereum miners was able to finally eliminate the software hashrate restrictions set by Nvidia and launch a farm of seven GeForce RTX 3060 video cards. In February, GPU maker Nvidia announced that it would release a custom driver that would halve the hashrate of RTX 3060 graphics cards, to around 21 MH / s. This was done to reduce the demand of miners for such video cards in order to keep them…

FCA obliged cryptocurrency firms to report money laundering risks

The UK Financial Conduct Authority (FCA) has mandated cryptocurrency firms to provide annual reporting on the potential risks of financial crime associated with cryptoassets. UK financial institutions have been required to report suspicious transactions annually since 2016. However, in August, the regulator suggested that cryptocurrency firms provide additional reporting on possible money laundering risks, regardless of their annual revenue. Previously, only 2,500 of the 22,000 firms controlled by the FCA had to provide such information.…

Reuters: PayPal To Add Cryptocurrency Payments Support For 29M Merchants

PayPal Holdings will open up the ability for US customers to use cryptocurrencies to pay for goods and services around the world. At the time of purchase, crypto assets will be converted to fiat currencies. As reported by Reuters, today payment company Paypal will announce support for cryptocurrency payments to pay for goods and services. Customers holding BTC, ETH, BCH and LTC in PayPal digital wallets will be able to convert their crypto assets to…