Coinbase Client has sued the exchange for trading XRP

Cryptocurrency NewsBy 04/01/2021

Amid a SEC lawsuit against Ripple, a California resident sued Coinbase. He accuses the site of making a profit from the sale of XRP as a security. In his lawsuit, Thomas Sandoval emphasizes that Coinbase sold XRP cryptocurrency in the knowledge that the coin is a security, and this is a violation of California’s fair competition law. The law protects consumers from fraudulent advertising and fraudulent business practices. According to the plaintiff, the management of…

SkyBridge Capital invested $ 182 million in bitcoin

Cryptocurrency NewsBy 31/12/2020

SkyBridge Capital, founded by former Donald Trump press secretary and ex-White House communications director Anthony Scaramucci, has invested $ 182 million in bitcoin. Last week it became known that the investment company SkyBridge Capital filed an application with the US Securities and Exchange Commission (SEC) to register a fund for bitcoin called “SkyBridge Bitcoin Fund L.P.” Investors will have access to the fund from January 4, and the minimum investment amount will be $ 50,000.…

Serbia will legalize the issue and trade of digital assets in the country

Cryptocurrency NewsBy 31/12/2020

On December 29, Serbia adopted the “Law on Digital Assets”, which allows the issuance and trading of digital currencies, as well as the provision of cryptocurrency services in the country. According to local media reports, the bill was presented in October and will enter into force six months after approval. Under the new legislation, digital asset service providers will be able to legally operate in the country after obtaining permission from the Serbian Securities Commission…

Bloomberg: Sweden and Norway are again profitable for mining

Cryptocurrency NewsBy 30/12/2020

Due to the decline in electricity prices, Sweden and Norway have again become attractive countries for mining Bitcoin and other cryptocurrencies. Given the humid climate of the Scandinavian countries, over the past 20 years, a large number of hydroelectric power plants have appeared in them, generating surplus electricity. This is the reason for the low cost of electricity in these countries. Their average electricity tariff this year is one third of that in Germany, Europe’s…

Ripple: “SEC lawsuit hurt a lot of XRP retail holders”

Cryptocurrency NewsBy 30/12/2020

Ripple has released an official statement accusing the US Securities and Exchange Commission (SEC) of its lawsuit against the company resulting in losses for “countless XRP retail holders.” The SEC filed a lawsuit against Ripple earlier this month. The commission accuses the Ripple management of selling unregistered securities, which are XRP coins. After that, the XRP rate began a precipitous fall and updated historical lows. The company’s statement highlights: “The SEC’s decision is not an…

Coinbase will stop trading in pairs with XRP amid SEC lawsuit against Ripple

Cryptocurrency NewsBy 29/12/2020

Another site announced the restriction of trading in pairs with XRP – users of the major cryptocurrency exchange Coinbase will lose access to cryptoasset trading on January 19. The restrictions began to be introduced on December 28, and on January 19, 2021, trading in pairs with XRP will be completely stopped. At the same time, site users will still be able to access their XRP holdings. “Customers will still be able to participate in the…

Marathon bought 70,000 Antminer S19 Pro from Bitmain for $ 170 million

Cryptocurrency NewsBy 29/12/2020

Marathon Patent Group, a North American bitcoin mining company, has announced the purchase of 70,000 Antminer S19 ASIC miners from Bitmain. The deal amounted to $ 170 million. Marathon Chairman and CEO Merrick Okamoto said the deal was the largest single dollar order Bitmain has ever received in its history. In addition, the equipment ordered is three times larger than the existing arsenal of Marathon. The first batch of 7,000 Antminer S-19 Marathon will receive…

Tron has introduced the TRC-721 standard for NFT

Cryptocurrency NewsBy 28/12/2020

Cryptocurrency project Tron has introduced a new TRC-721 standard for non-fungible tokens (NFT). This will empower developers. NFTs are collectible tokens with unique characteristics. Each NFT contains an owner identification number, extended metadata, file links and other identifying information recorded in the smart contract. It is this data that ensures the uniqueness and immutability of each NFT. NFT standards are widely used in various fields where blockchain is applied. However, most of NFT is based…

Tierion will pay SEC $ 250,000 fine for conducting illegal ICO

Cryptocurrency NewsBy 28/12/2020

The US Securities and Exchange Commission (SEC) fined Tierion $ 250,000 for conducting an unregistered ICO in 2017, during which it raised $ 25 million. According to the SEC, the initial public offering of tokens organized by Tierion violated US securities laws. Tierion is a blockchain-based development firm, and during the ICO positioned the TNT token as a means of payment between users of its network. According to the agency, Tierion has sold 350 million…

Ford has tested blockchain to reduce emissions of hybrid electric vehicles

Cryptocurrency NewsBy 24/12/2020

Blockchain and geofencing could be used with plug-in hybrid electric vehicles to improve air quality in cities, according to a study by automaker Ford. Automotive giant Ford conducted a three-year study in London, Cologne and Valencia that examined the potential of commercial plug-in hybrid electric vehicles to address urban air quality challenges. The dynamic geofencing feature used in the study enabled vehicles to operate with zero emissions whenever they entered a reduced emission zone, without…

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