Category Archives: Cryptocurrency News

Bloomberg: Sweden and Norway are again profitable for mining

Due to the decline in electricity prices, Sweden and Norway have again become attractive countries for mining Bitcoin and other cryptocurrencies. Given the humid climate of the Scandinavian countries, over the past 20 years, a large number of hydroelectric power plants have appeared in them, generating surplus electricity. This is the reason for the low cost of electricity in these countries. Their average electricity tariff this year is one third of that in Germany, Europe’s…

Ripple: “SEC lawsuit hurt a lot of XRP retail holders”

Ripple has released an official statement accusing the US Securities and Exchange Commission (SEC) of its lawsuit against the company resulting in losses for “countless XRP retail holders.” The SEC filed a lawsuit against Ripple earlier this month. The commission accuses the Ripple management of selling unregistered securities, which are XRP coins. After that, the XRP rate began a precipitous fall and updated historical lows. The company’s statement highlights: “The SEC’s decision is not an…

Coinbase will stop trading in pairs with XRP amid SEC lawsuit against Ripple

Another site announced the restriction of trading in pairs with XRP – users of the major cryptocurrency exchange Coinbase will lose access to cryptoasset trading on January 19. The restrictions began to be introduced on December 28, and on January 19, 2021, trading in pairs with XRP will be completely stopped. At the same time, site users will still be able to access their XRP holdings. “Customers will still be able to participate in the…

Marathon bought 70,000 Antminer S19 Pro from Bitmain for $ 170 million

Marathon Patent Group, a North American bitcoin mining company, has announced the purchase of 70,000 Antminer S19 ASIC miners from Bitmain. The deal amounted to $ 170 million. Marathon Chairman and CEO Merrick Okamoto said the deal was the largest single dollar order Bitmain has ever received in its history. In addition, the equipment ordered is three times larger than the existing arsenal of Marathon. The first batch of 7,000 Antminer S-19 Marathon will receive…

Tron has introduced the TRC-721 standard for NFT

Cryptocurrency project Tron has introduced a new TRC-721 standard for non-fungible tokens (NFT). This will empower developers. NFTs are collectible tokens with unique characteristics. Each NFT contains an owner identification number, extended metadata, file links and other identifying information recorded in the smart contract. It is this data that ensures the uniqueness and immutability of each NFT. NFT standards are widely used in various fields where blockchain is applied. However, most of NFT is based…

Tierion will pay SEC $ 250,000 fine for conducting illegal ICO

The US Securities and Exchange Commission (SEC) fined Tierion $ 250,000 for conducting an unregistered ICO in 2017, during which it raised $ 25 million. According to the SEC, the initial public offering of tokens organized by Tierion violated US securities laws. Tierion is a blockchain-based development firm, and during the ICO positioned the TNT token as a means of payment between users of its network. According to the agency, Tierion has sold 350 million…

Bitcoin Development Kit Developers Introduce BDK 0.2.0 Update

The developers of the Bitcoin Development Kit (BDK) open library have introduced the BDK 0.2.0 update, which allows you to reduce the amount of data about transactions in the Bitcoin blockchain. The Magical Bitcoin project, launched this year by Alekos Filini, has since been renamed BDK. BDK is a set of tools for developing Bitcoin wallets that can interact with different platforms. BDK developer Steve Myers announced that the update contains several new features, fixes…

Ford has tested blockchain to reduce emissions of hybrid electric vehicles

Blockchain and geofencing could be used with plug-in hybrid electric vehicles to improve air quality in cities, according to a study by automaker Ford. Automotive giant Ford conducted a three-year study in London, Cologne and Valencia that examined the potential of commercial plug-in hybrid electric vehicles to address urban air quality challenges. The dynamic geofencing feature used in the study enabled vehicles to operate with zero emissions whenever they entered a reduced emission zone, without…

Tezos develops hardware protection for validators

Israel-based Tezos Development Center will release a device to secure staked assets of validators. Tezos Israel said in a press release that hardware security modules, developed in partnership with Hub Security, will allow network validators (bakers) to store private keys in a secure cloud or on a separate physical device. This will help protect assets from theft or network outages. Network validators must block cryptoassets for staking for a certain period of time in order…

Coinbase Asks FinCEN To Extend Discussion On New Wallet Regulation

Cryptocurrency exchange Coinbase has asked the US Treasury Department to extend the discussion period for the proposed regulation of non-custodial wallets from 15 to the standard 60 days. According to a Coinbase blog post addressed to Kenneth Blanco, Director of the Financial Crimes Enforcement Network (FinCEN), the discussion period on the newly proposed rules to regulate non-custodial cryptocurrency wallets should be extended. Earlier, community members have already expressed dissatisfaction with the relatively short time frame…