Stablecoin regulation bill submitted to US Congress

Cryptocurrency NewsBy 03/12/2020

Three U.S. congressmen have introduced new legislation to regulate stable cryptocurrencies, including Facebook’s Diem project, formerly known as Libra. Rashida Tlaib, Jesus Garcia and Stephen Lynch were involved in the drafting of the Stable Coin Pegging and Bank Licensing Act (STABLE). The bill should “protect consumers from the risks associated with new digital payment instruments such as Facebook’s Libra and other stablecoins available in the market. It will regulate the issuance of stablecoins and related…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 02/12/2020

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Libra Association will rename the Libra stablecoin to Diem

Cryptocurrency NewsBy 02/12/2020

The Libra Association will rebrand the Libra project to distance itself from Facebook’s original concept. Stablecoin will be renamed Diem. Libra Association members reported that Diem is Latin for “day”. The name symbolizes a fresh start and the stablecoin’s readiness to launch next year. Today the Association consists of 27 members. The organization has already formed a team of leaders. Dahlia Malkhi will be Chief Technology Officer, Christy Clark will be Head of Human Resources,…

Research: a third of ICO investors consider themselves cheated

Cryptocurrency NewsBy 02/12/2020

According to analyst firm Xangle, a third of US retail investors who take part in initial token offerings (ICOs) consider themselves cheated. Xangle conducted a survey among 600 users who participated in the ICO between 2017 and October 2020. Judging by this period, Xangle specialists did not limit themselves to investors who were covered by the ICO boom. Only 22% of the respondents invested in ICOs in 2017, while in 2018 35% of investors were…

Ethereum user solved a riddle in the Warsaw metro and got 7 ETH

Cryptocurrency NewsBy 01/12/2020

The riddle with a prize of 7 ETH, placed in the Warsaw metro, was solved by one of the community members. The authors of the riddle were organizers of events for blockchain developers. In mid-November, an advertisement was placed in the metro station of the Polish capital calling for solving the riddle and getting 7 ETH. According to the organizers of the competition, the puzzle was successfully solved, and the user received a prize. On…

Tezos Will Implement Zcash Privacy Features

Cryptocurrency NewsBy 01/12/2020

Tezos developers are planning a network update called Edo. The implementation of the Zcash Sapling library will allow hiding transactions on the Tezos blockchain. According to the statement, developers Tezos Nomadic Labs, Marigold and Metastate have submitted several proposals for the next network update – Edo. The update will bring privacy features and other improvements: “No other major smart contract platform supports these features yet, but we can add these tools directly to the blockchain.”…

Financial Times: Facebook Libra stablecoin to launch in January 2021

Cryptocurrency NewsBy 30/11/2020

The Facebook Libra stablecoin will launch in January 2021 despite regulatory concerns. Libra will initially be backed by US dollar only at a 1: 1 ratio. According to the Financial Times, the Libra stablecoin may be launched early next year. The publication refers to the information of anonymous sources – “three people participating in the initiative.” The stablecoin will be pegged 1: 1 to the US dollar. Last September, Facebook unveiled the official list of…

Ethereum developer has proposed a new way to combine ETH 1.0 and ETH 2.0

Cryptocurrency NewsBy 30/11/2020

Ethereum developer Mikhail Kalinin has published a new proposal, which describes the possibility of embedding ETH 1.0 data into the Ethereum 2.0 “signal chain”. With the Beacon Chain Ethereum 2.0 launch approaching, developer Mikhail Kalinin has posted a new proposal that aims to rid the network of “unnecessary complexity” and help unify the original Ethereum blockchain with the new Proof-of-Stake version of ETH 2.0. Ethereum 2.0 is slated to launch on December 1 and will…

OKEx exchange has opened the withdrawal of cryptoassets

Cryptocurrency NewsBy 27/11/2020

Cryptocurrency exchange OKEx has resumed the withdrawal of cryptocurrencies. Many Chinese users are ready to leave OKEx or reduce their trading volumes on this site. According to the OKEx notification, the exchange opened the withdrawal of digital assets on November 26 at 11:00 Moscow time. A few days ago, OKEx launched a user compensation program that includes discounts on commissions. The reward depends on the trading volume during the period when the withdrawal of cryptocurrencies…

Coldcard hardware wallet developers release firmware to address critical vulnerability

Cryptocurrency NewsBy 27/11/2020

Bitcoin hardware wallet Coldcard developers have released a beta firmware patch to address the vulnerability that affected the Ledger hardware wallet earlier this year. Security researcher Ben Ma, who works for hardware wallet maker Shift Crypto, discovered a vulnerability in the Coldcard hardware wallet. An attacker could trick a Coldcard user into submitting a real BTC transaction when he believes he is sending a transaction on the testnet. BTC transactions on both the test and…

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