Category Archives: Cryptocurrency News

Regulators South Africa has revealed the cryptocurrency pyramid Mirror Trading International

South African regulators will tighten control of the cryptocurrency industry due to the closure of the fraudulent scheme Mirror Trading International, which managed to collect 23,000 BTC worth more than $ 700 million. The Financial Sector Supervisory Authority (FSCA) of South Africa announced the proliferation of cryptocurrency pyramids. Mirror Trading International (MTI) has become the largest of these in the country. The firm has positioned itself as a Bitcoin trading platform and has attracted over…

Reddit announced partnership with Ethereum Foundation

Reddit employee known as jarins has announced a partnership between the company and the Ethereum Foundation, a non-profit organization that supports the Ethereum program and development. On the evening of January 27, a message from one of the Reddit administrators appeared on the Ethereum subreddit announcing the partnership and congratulations to the Ethereum community. A Reddit employee known as jarins writes that this is the company’s first partnership in the blockchain industry. According to the…

Major US Universities Invest in Cryptocurrencies Through Their Funds

Endowment funds of some universities in the United States have purchased cryptocurrency through accounts at Coinbase and other cryptocurrency exchanges over the past year. According to two sources familiar with the situation, Harvard, Yale and Michigan universities, Brown University, and several other US institutions of higher education bought cryptocurrency through exchanges. Recall that in the fall of 2018, the five largest US universities invested in cryptocurrency funds. “There are quite a few,” said a source…

Central Bank of India began research on the issue of its own digital currency

The Central Bank of India (RBI) is starting to explore the potential of government digital currencies, as well as the feasibility of issuing its own digital currency. Despite rumors of an upcoming draft law to ban cryptocurrency trading, RBI’s position on digital assets has become more optimistic. According to a report published after conducting a study of the payment sector in India, experts from the regulator acknowledge that cryptocurrencies have become popular around the world.…

Mining company Marathon bought 4,813 BTC for $ 150 million

Marathon Patent Group, a mining company traded on the Nasdaq exchange, bought 4,813 BTC for $ 150 million. This is the first time a bitcoin mining company bought them on the market. In mid-January, Marathon managed to raise $ 250 million. When asked if the funds were used to buy bitcoin, Marathon CEO Merrick Okamoto said that the purchase was made from the company’s budget. She already had $ 425 million in cash, and some…

Vape maker PuffBar uses Vechain blockchain to fight counterfeiting

E-cigarette and vaping goods maker PuffBar will use the Vechain blockchain to combat counterfeit products and will also start accepting BCH and ETH for payments. PuffBar is controlled by Cool Clouds Distribution, founded in 2019 and registered in Los Angeles. Cool Clouds stopped marketing its products in the United States after the US Food and Drug Administration (FDA) banned the sale of flavored e-cigarettes. The reason was that these products became popular among children and…

BIS Innovation Center is preparing a platform for testing digital currencies of the Central Bank

The Singapore branch of the BIS Innovation Center is developing an international platform for testing Central Banks’ digital currencies. The management of the Bank for International Settlements (BIS) said that one of its top priorities in 2021 is the study of government digital currencies. BIS intends to explore how these tools can speed up cross-border payments and reduce fees. BiS Innovation Center also plans to study a multi-tier architecture for distributing digital currencies between users.…

DeFi Kyber Network Project Prepares For Kyber 3.0 Update Rollout

The developers of the DeFi Kyber Network have announced plans to provide liquidity and launch a new KNC token as part of the Kyber 3.0 platform update. Kyber Network, the Ethereum-based DeFi token exchange, has announced plans to roll out the Kyber 3.0 update. According to the statement, the update will protect liquidity providers from losses due to price volatility. Kyber also plans to vote on changes that will make the KNC exchange’s own token…

Review of US cryptocurrency wallets regulation rules has suspended

US President Joe Biden froze consideration of bills proposed by the previous administration, including rules for regulating non-custodial cryptocurrency wallets. According to a statement on the White House website, consideration of laws and regulations proposed by the administration of the past president has been temporarily suspended. This also applies to the rules for regulating cryptocurrency wallets proposed by the American Financial Crimes Network (FinCEN) in December. The new government’s initiative received support from cryptocurrency advocates…

BitMEX Researchers Has Discovered BTC Double Spend Microtransaction

BitMEX Research has identified an alleged double-spend transaction of 0.00062063 BTC (about $ 21) at block 666,833. This was likely by accident. The ForkMonitor BitMEX service reported on January 20 that “several blocks were created in Bitcoin at block height 666 833”, as a result of which one of the chains won, the rest of the blocks were lost. A double spend transaction occurred while undoing an “old” block. Given the insignificance of the amount,…