Category Archives: Cryptocurrency News

Banks Require Indian Traders to Report Cryptocurrency Transactions

The Indian branches of banks HSBC, HDFC and Citi require cryptocurrency traders to provide a report on transactions with digital assets, otherwise their bank accounts may be closed. Indian clients of these banks began to receive messages demanding clarification on the conduct of incoming and outgoing transactions with cryptocurrencies. To do this, you must personally come to the bank branch. If no clarification is received, banks may block user accounts. The letters say that in…

Brave browser has leakedTor addresses to DNS providers

Brave’s confidential browser has leaked confidential information from the Tor network to DNS providers. This is not a new or Brave specific bug, the developers are working hard to fix it. The Chromium-based Brave browser integrated with Tor Anonymous has leaked sensitive .onion addresses to domain name system providers. Tor hides user browsing activity by redirecting traffic through a global relay network. This makes it nearly impossible to track the user’s web search history. But…

Austrian regulator intends to tighten control over cryptocurrencies

The Financial Markets Authority (FMA) of Austria believes that due to the proliferation of fraud with cryptoassets, the requirements for the cryptocurrency business need to be tightened. According to the Austrian regulator, more than 60% of the reported fraud cases in the country are related to cryptocurrencies. To attract gullible users, attackers use Telegram and TikTok to place advertisements. FMA employee Klaus Grubelnik said the agency sees an urgent need for stricter control over the…

JPMorgan: “loss of confidence in USDT will affect BTC rate”

Should investors lose faith in stablecoin, Tether, bitcoin could face new risks, including a sharp drop in price, according to a report by JPMorgan Bank. According to JPMorgan analysts, the BTC market could face a major liquidity shock if traders lose faith in USDT, Tether’s stablecoin widely used to fund cryptocurrency trading. “If issues arise that could affect the willingness or ability of both US and foreign investors to use USDT, the most likely outcome…

IOTA Developers will launch the Chrysalis update in March 2021

The IOTA Foundation has planned to roll out the Chrysalis update to the IOTA mainnet in March, and add tokenization capabilities to the network in the first half of 2021. According to the latest update on the IOTA blog, the project team has made significant progress over the past few weeks and is poised to roll out Chrysalis to the mainstream in March. The IOTA Foundation launched the Chrysalis testnet on December 14 in preparation…

New York attorneys’ office and SEC accused Coinseed executives of fraud

The New York prosecutor’s office and the SEC are accusing the creators of the automated application for investing in cryptocurrency Coinseed of defrauding investors and violating securities laws. According to a statement from New York Attorney General Letitia James, the creators of the Coinseed app lured $ 1 million from investors through hidden fees, false claims and the issuance of a CSD token, which actually “had no functionality” in the company’s mobile app. The prosecutor’s…

Bitcoin Developers Will Activate Taproot And Schnorr Signatures In July

Bitcoin developers have set a timeline for activating Taproot and Schnorr signature updates. They will start working on the blockchain this July. During the discussions, Bitcoin developers agreed on a release date and activation schedule for the update and Schnorr signatures. However, stakeholders are still debating the best coordination method to activate the largest Bitcoin update since SegWit. According to the public IRC discussion, the code for the fully prepared Taproot update will be deployed…

Polkadot developers updated the project roadmap

The developers of the Polkadot project have released a plan to deploy parachains and slot auctions, which should mark the launch of the protocol’s main network. According to the published roadmap, the launch of Polkadot’s main network is preceded by three main phases. The current stage is the Rococo testnet, where developers can test mechanisms for interoperability between the various Polkadot parachains. The platform uses the Cross-Chain Message Passing-lite or XCMP-lite mechanism to allow parachains…

Blockchain.com Raises $ 120 Million From Venture Investors

Blockchain.com cryptocurrency platform has completed a strategic round of financing, which raised about $ 120 million from large macro investors. Blockchain.com co-founder Peter Smith said the investors included Moore Strategic Ventures, Access Industries, Rovida Advisors, Lightspeed Venture Partners, Google Ventures, Lakestar, Eldridge and others. When the project tried to raise funds in late 2014, Smith said it received support from only a handful of venture capital firms. Back then, Bitcoin was worth hundreds of dollars;…

Umbrel Adds Samourai Tools To Enhance Bitcoin Full Node Privacy

Umbrel, the developer of the Bitcoin full node app suite, has released an update with three new apps to keep users’ transactions private. Umbrel has released an update v0.3.3 which includes three new applications and opens access to the Bitcoin mempool. The update gives Umbrel users more privacy and a new way to create Lightning wallets for friends and family. The Umbrel update includes the Samourai Server, which runs the Whirlpool and Dojo services. The…