Category Archives: Cryptocurrency News

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…

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…