Congressmen criticized the US OCC for increased attention to the cryptocurrency industry

Cryptocurrency NewsBy 12/11/2020

A group of US Democratic lawmakers have criticized the Office of the Comptroller of the Currency (OCC) for over-focusing the crypto industry amid the pandemic and economic crisis. The Democrats have released a letter addressed to US Foreign Exchange Controller Brian Brooks, who previously served as director of legal affairs for cryptocurrency exchange Coinbase. The OSS is “accused” of making unilateral decisions regarding stablecoins and other digital assets. In their address, representatives of the Democratic…

Argentine Congressman Introduces Cryptocurrency and Blockchain Bill

Cryptocurrency NewsBy 12/11/2020

Argentine Congressman Ignacio Torres has prepared a bill to regulate the cryptocurrency industry. It will be presented to the Argentine parliament next week. Efraín Barraza, COO of the Argentine branch of the Athena Bitcoin ATM network, and Alberto Vega, CEO of Bithan, took part in the preparation of the bill. They noted the need to create clear legal regulation of blockchain and cryptocurrencies in Argentina, given that other countries have long been tackling this issue.…

US Fed: the digital dollar can be a tool for monetary policy

Cryptocurrency NewsBy 11/11/2020

Specialists of the US Federal Reserve (FRS) analyzed various studies of digital currencies of the Central Bank and published a report on the results. According to a report by FRS researchers, before launching the digital dollar, it is necessary to give a clear answer to the most important question: will the state cryptocurrency become a full-fledged replacement for fiat money and bank deposits? It does not matter who will issue the digital dollar – a…

Kadena project announced partnership with Terra to develop Kadenaswap platform

Cryptocurrency NewsBy 11/11/2020

Hybrid blockchain developers Kadena have announced a partnership with South Korean stablecoin issuer Terra to develop and expand their decentralized platform Kadenaswap. Kadena has announced that it will add the Terra-issued LUNA stablecoin to the Kadenaswap exchange, which is slated to launch later this year. With the help of the hybrid blockchain, Kadena hopes to attract various organizations and users looking for an alternative to Ethereum-based platforms. Kadena co-founder and president Stuart Popejoy noted that…

DragonEx will introduce tokenized quotas for the withdrawal of crypto assets

Cryptocurrency NewsBy 10/11/2020

Singapore-based cryptocurrency exchange DragonEx will temporarily introduce tokenized withdrawal quotas for digital assets as part of addressing current issues. Marketplace users will receive DragonEx Withdraw Quota (DWQ) tokens. 1 DWQ will allow you to withdraw one asset from the platform, the cost of which is 1 USDT. To receive DWQ, clients need to trade on the exchange, borrow assets or make deposits. When requesting a withdrawal, an equivalent amount in DWQ will be debited from…

Microsoft employee got nine years in prison for bitcoin fraud

Cryptocurrency NewsBy 10/11/2020

A Microsoft employee who used data from colleagues to scam bitcoin and various gift cards received nine years in prison. 26-year-old Ukrainian Vladimir Kvaschuk lived in Washington and worked at Microsoft from August 2016 to June 2018. He used the personal data of colleagues to steal and then resell various gift cards. Kvashchuk transferred his profits to Bitcoin and used mixing services to hide the origin of the funds. After that, the cryptocurrency was exchanged…

OKEx announced the involvement of lawyers to solve the problem with the withdrawal of cryptoassets

Cryptocurrency NewsBy 09/11/2020

Cryptocurrency exchange OKEx announced the involvement of third-party legal consultants to solve the problem with the withdrawal of digital assets. Recall that on October 16, the exchange suspended the withdrawal of cryptoassets due to the “unavailability” of one of the holders of private keys. OKEx CEO Jay Hao explained that the lack of a key holder is due to an investigation by Chinese law enforcement authorities against this person, but it has nothing to do…

DeFi developer PercentFinance error leads to $ 1 million freeze of crypto assets

Cryptocurrency NewsBy 09/11/2020

Due to a mistake by the developer of the DeFi PercentFinance application, a fork of Compound Finance, 446,000 USDC, 28 WBTC and 313 ETH were frozen, the total value of which exceeds $ 1 million The DeFi platform team PercentFinance wrote in a blog post that “there is a problem in some money markets that could lead to permanent blocking of users’ assets.” The team froze money markets for USDC, ETH and WBTC. A total…

Blockstream Developers Introduce New Multisignature Option for Bitcoin

Cryptocurrency NewsBy 06/11/2020

Bitcoin is gearing up to roll out support for Taproot privacy technology and Schnorr signatures. Blockstream developers have introduced a new version of MuSig2 multisignature transactions. In a blog post, developers Jonas Nick and Tim Ruffing have proposed a new MuSig2 multisignature transaction scheme. It should reduce the technical complexity of multi-signature transactions while maintaining the privacy of the parties to the transaction. The proposed multisignature scheme takes the best from the previous methods. The…

Derivatives Exchanges Prepare to Start Trading ETH from Ethereum 2.0 Deposit Contract

Cryptocurrency NewsBy 06/11/2020

The FTX cryptocurrency derivatives exchange has expressed its readiness to place tokenized ETH based on the Beacon Chain (BETH) signal chain blocked in the Ethereum 2.0 deposit contract. On November 4, the developers of Ethereum 2.0 presented a tool for creating an ETH 2.0 deposit contract, which will allow sending Ether from Ethereum 1.0 to Ethereum 2.0. According to Etherscan, to date, the contract already contains more than 19,600 ETH worth $ 7.9 million. The…

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