Zcash has its first Canopy halving and update

Cryptocurrency NewsBy 19/11/2020

In the Zcash blockchain, at block 1,046,400, the block reward has decreased from 6.25 ZEC to 3.125 ZEC. Also launched the Canopy update, which changed the distribution of block mining rewards. The Zcash network emerged on October 28, 2016 as a fork of the Bitcoin blockchain. Zcash aims to provide enhanced user privacy with the zk-SNARK zero knowledge proof technology developed by the Electric Coin Company (ECC). Along with the halving of the miner reward…

How to increase mining profitability: autotuning or overclocking ASIC

Cryptocurrency NewsBy 19/11/2020

Bitcoin miners are resorting to different ways to increase their income by changing the ASIC firmware. The most popular are overclocking and ASIC autotuning. Which of these methods is more profitable and efficient? Interest in the cryptocurrency industry is growing every year. Despite the Bitcoin halving that took place in May and the decrease in the miner’s reward to 6.25 BTC, cryptocurrency mining remains a profitable business. However, increasing competition and economic uncertainty in global…

Anchorage has applied to the OCC for a federal banking license

Cryptocurrency NewsBy 18/11/2020

Cryptocurrency company Anchorage has applied for a federal banking license with the Office of the Comptroller of the Currency (OCC) to become a qualified custodian. According to a notice posted on the federal regulator’s website, Anchorage’s South Dakota division has filed an application with the OCC for a federal banking license. This year, Kraken cryptocurrency exchange became the first company in the industry to receive a similar license to open its own bank, but only…

Nervos introduced its own standard for creating tokens

Cryptocurrency NewsBy 18/11/2020

The Chinese project Nervos has introduced its own standard for creating tokens – Simple User Defined Token (SUDT) – as an alternative to the ERC-20 standard. Nervos Director of Product Development Cipher Wang said that the new standard was created in honor of the anniversary of the launch of the Lina mainnet, and now developers can create new cryptocurrencies based on the Nervos blockchain. SUDT is designed to compete with the ERC-20 standard, especially in…

Fidelity responds to six criticisms of bitcoin

Cryptocurrency NewsBy 17/11/2020

Research Director of Fidelity Digital Assets has responded to the most frequent criticisms of bitcoin to clarify in the face of increased interest in cryptocurrencies. In a blog post, Fidelity Digital Assets Research Director Ria Bhutoria said she wants to address the ongoing “criticism and misconceptions” about cryptocurrency. This includes questions about bitcoin’s instability to function as a store of value, its ability to act as a means of payment, and sustainability. “Bitcoin volatility is…

Chinese miners are unable to sell cryptocurrencies and pay for electricity due to government pressure on the OTC market

Cryptocurrency NewsBy 17/11/2020

According to Beijing journalist Colin Wu, due to the freezing of OTC traders’ accounts, 74% of local miners faced problems paying their electricity bills. Chinese media reported blocking bank accounts and cards used to buy cryptocurrencies back in June. Due to the growing scale of illegal use of digital assets, regulators in China have begun to pay increased attention to over-the-counter (OTC) platforms. The authorities have launched investigations into the owner of the RenrenBit OTC…

CEX.IO Has Launched Zilliqa Staking Service

Cryptocurrency NewsBy 16/11/2020

The international cryptocurrency exchange CEX.IO has become one of the exclusive platforms for staking the ZIL token. The service allows users to make money on ZIL staking, which network operates on a proof of stake consensus. Staking is done on the CEX.IO node and is fully automated. ZIL tokens delegated by exchange users from their accounts at CEX.IO participate in staking. In a short time, 2 billion ZIL were delegated, which showed a high interest…

Startup Incognito has launched a competition with the main prize of 1 BTC

Cryptocurrency NewsBy 16/11/2020

The Incognito platform has launched a competition to raise awareness of privacy among cryptocurrency users. To receive the main prize of 1 BTC, you must complete an online quest. A cryptocurrency startup has launched a competition that anyone can take part in by downloading the Incognito app. The quest was launched on November 12, and users will have to solve 17 clues, each of which gives a chance to win one of the prizes, including…

Deutsche Bank: “government cryptocurrencies will replace cash”

Cryptocurrency NewsBy 13/11/2020

According to analysts at Deutsche Bank, government cryptocurrencies will replace cash. Central bank digital currencies can also eliminate intermediaries in the banking system, which will have serious consequences. In a report released this week, Deutsche Bank analysts listed economic assessments and proposals to help the global economies hit by the COVID-19 pandemic. The report, which contains sections related to protecting the environment and protecting small businesses, also discusses the transition to digital currencies, including government…

CertiK launches QuickScan tool to find vulnerabilities in smart contracts

Cryptocurrency NewsBy 13/11/2020

Cybersecurity services company CertiK has announced the launch of an automated QuickScan tool to detect vulnerabilities in smart contracts. CertiK COO Daryl Hok said the QuickScan toolkit is designed to improve the analysis performed by CertiK Chain’s security oracles. QuickScan checks the involved smart contracts for known vulnerabilities using static and dynamic analysis methods. In particular, the bytecode, source code and access parameters of each smart contract are checked. With this tool, analysis can be…

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