Category Archives: Cryptocurrency News

American banks will be able to use stablecoins for payments

The Office of the Comptroller of the United States of America (OCC) has allowed U.S. banks and federal savings associations to use open blockchains and stablecoins to process payments. According to the OCC notice, banks are allowed to use their own node on open blockchains to validate, store funds and maintain transaction records. Such payment transactions must be carried out in accordance with applicable law. OCC believes that the use of blockchain within the federal…

Financial group Tetragon filed a lawsuit against Ripple and demands to freeze project assets

Tetragon Financial, one of the key investors in Ripple, has filed a lawsuit against the company demanding the redemption of its preferred shares. In 2019, the financial group Tetragon took part in a series C funding round, during which Ripple raised $ 200 million. Tetragon’s management filed a lawsuit in the Delaware court, demanding that Ripple fulfill its contractual obligations and redeem preferred shares held by Tetragon. The plaintiff seeks to freeze all of Ripple’s…

OKEx Exchange has launched its own blockchain OKExChain

Cryptocurrency exchange OKEx announced the launch of its own blockchain OKExChain. At the initial stage, 10 million OKT tokens will be issued. The project has been in development for three years, and 10 test versions of OKExChain were worked through before the launch of the main network. The deployment of the core network will take place in four phases. The current phase of “genesis” will last until January 13, 2021. At this stage, the network’s…

Stellar will support the development of the state cryptocurrency in Ukraine

The Ministry of Digital Transformation of Ukraine signed a memorandum with the Stellar Development Foundation for the development of the digital assets industry and the development of the Central Bank cryptocurrency. First of all, the cooperation of the Ukrainian government with Stellar is aimed at creating conditions for the further development of cryptocurrencies. The memorandum also implies support for projects working with digital assets, the introduction of stablecoins and their regulation, as well as the…

Optimism Ethereum Pre-Launch On January 15th

The developers of the second-tier Optimism scaling solution for Ethereum have announced that a preliminary launch on the mainnet is scheduled for January 15th. As part of the preliminary launch, the Synthetix decentralized exchange will have access to transaction scaling. Smart contracts will be converted to the Optimistic Virtual Machine (OVM) format and launched on the mainnet. Given that OVM is almost fully compatible with the Ethereum Virtual Machine, developers won’t have to rewrite their…

Blockstream Launches Jade Wireless Hardware Wallet

Blockstream has unveiled its first cryptocurrency hardware wallet, Jade. It allows you to store BTC and tokens on the Bitcoin Liquid sidechain. The developers of the wallet emphasize that the project is completely open – access to documentation on hardware and software is free. Works Blockstream Jade with Blockstream Green software wallet. Currently, Jade supports work exclusively with devices on the Android OS, but in the near future there will be support for Green wallets…

IoT on Polkadot: How Decentralized Networks Can Bypass Amazon Web Services

The development of IoT is impossible without the creation of a decentralized environment. Linking devices to remote servers of IT companies is the initial, not the last stage in the evolution of the Internet of Things. As the number of devices grows, the centralized model reveals its weaknesses: insufficient bandwidth and vulnerability of data passing through the servers. The answer should be to build a multi-agent system, each participant of which is endowed with greater…

Coinbase Client has sued the exchange for trading XRP

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

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

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…