Gibraltar became a GBBC member for the development of blockchain in the country

Cryptocurrency NewsBy 05/11/2020

Gibraltar has become a member of the Global Blockchain Business Council (GBBC), an organization dedicated to blockchain development in more than 50 countries. Gibraltar’s Minister of Digital and Financial Services, Albert Isola, has announced that the government will promote blockchain adoption in the British Overseas Territories. This requires organizing training seminars for business leaders and legislators, as well as consulting on the regulation of firms in the industry. The initiative aims to make the country…

69370 BTC withdrawn from one of the largest bitcoin wallets, which have lain for more than seven years

Cryptocurrency NewsBy 04/11/2020

On the day of the presidential election in the United States, bitcoins were set in motion on one of the largest wallets. Five hours ago, someone sent 69,370 BTC that hasn’t moved since October 2013. A few hours ago, the Whale Alert service reported a large transaction from the address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx, widely known among crypto enthusiasts and hackers. About two years ago, a wallet.dat file appeared on the darknet, presumably containing keys to this address,…

ETH 2.0 Developers Release a Tool to Create a Deposit Contract

Cryptocurrency NewsBy 04/11/2020

The Ethereum 2.0 developers have published a tool on GitHub to generate the keys needed to make a staking deposit in Ethereum 2.0. On the night of November 4, the Ethereum 2.0 developers published a tool for creating an ETH 2.0 deposit contract on GitHub. The launch of the deposit contract will allow sending ETH from Ethereum 1.0 to Ethereum 2.0. This has brought the launch of phase 0 of the new version of the…

Atlas VPN: the number of attacks on cryptocurrency services decreased by 3 times in 2020

Cryptocurrency NewsBy 03/11/2020

According to Atlas VPN, the number of hacks of cryptocurrency services in the first half of 2020 decreased three times compared to the same period last year. Atlas VPN experts calculated that over the entire history of the crypto industry, hackers managed to steal more than $ 13.6 billion. Despite the fact that fewer hacker attacks were made on cryptocurrency wallets, they turned out to be the most profitable. Over the past eight years, wallet…

Hackers demand ransom in cryptocurrency from patients of Finnish medical centers Vastaamo

Cryptocurrency NewsBy 03/11/2020

In Finland, hackers have gained access to the medical records of patients in psychotherapy centers and are demanding a ransom in cryptocurrency, otherwise threatening to publish the information in the public domain. The hackers gained access to the medical data of 40,000 patients at Vastaamo psychotherapy centers. The attackers exploited a security breach that appeared as a result of a hack in 2018, but which was not previously known. The hackers began contacting patients whose…

Harvest Finance has increased the reward for returning stolen cryptocurrencies to $ 1 million

Cryptocurrency NewsBy 02/11/2020

The management of the Harvest Finance project, which works in the field of decentralized finance (DeFi), has increased the fee from $ 100,000 to $ 1 million for assistance in the return of stolen cryptocurrencies. Recall that on October 26, hackers attacked the Harvest Finance protocol and withdrew cryptocurrencies worth about $ 34 million, using an instant loan to manipulate the prices of fUSDT and fUSDC. The developers of Harvest Finance turned to the cryptocurrency…

Research: Most DeFi projects remain centralized

Cryptocurrency NewsBy 02/11/2020

According to a joint report by think tank DappRadar and Monday Capital, most DeFi projects have a high degree of centralization due to the token distribution model. The authors of the report stated that in the MakerDAO, Curve, Compound and Uniswap projects, tokens are unevenly distributed, which creates favorable conditions for large holders. The Maker control system is the most “mature”. At the MakerDAO forum, community members can conduct a preliminary analysis and discuss the…

Former PBOC CEO: “digital yuan will prevent dollarization of the economy”

Cryptocurrency NewsBy 30/10/2020

Former head of the People’s Bank of China (PBOC), Zhou Xiaochuan, said the digital yuan will develop retail payments in China and prevent dollarization of the economy. The President of the Chinese Finance Association said this at the Eurasian Forum. Zhou Xiaochuan said China’s central bank views government cryptocurrencies differently from the G7 countries, which include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Regulators in these countries are focused on…

Aave Developers Transfer Protocol Control to LEND Token Holders

Cryptocurrency NewsBy 30/10/2020

The developers of the DeFi Aave project announced the transfer of rights to manage the protocol to the LEND token holders. Aave has become the largest self-governing decentralized finance protocol. The administrative keys to the protocol were originally in the hands of the Aave team. However, the project has now reached the stage where the management of the protocol can be transferred to the shoulders of the community and Aave can be truly decentralized. For…

TelosTask Decentralized Job Search Platform Beta Launched

Cryptocurrency NewsBy 29/10/2020

Telos startup has introduced TelosTask peer-to-peer platform on its blockchain. The platform was created to find work as freelancers during a pandemic. TelosTask development team leader Destiny Marshall announced that the platform will operate on the Telos blockchain. Telos is a fork of the EOS project and runs on the EOSIO software. According to the principles of work, the TelosTask service will not differ from ordinary exchanges for finding remote work. Customers will be able…

Category Archives: Cryptocurrency News