Category Archives: Cryptocurrency News

A book with all the letters and messages of Satoshi Nakamoto was published in USA

Mill Hill Books has released Kicking the Hornet’s Nest, which contains all of Satoshi Nakamoto’s emails, forum posts, and other entries in chronological order. The 340-page book, according to the publisher, includes all the records of Satoshi Nakamoto, the anonymous creator of Bitcoin, ever published on the Internet. The title of the book, “Kicking the Hornet’s Nest: The Complete Writings, Emails, and Forum Posts of Satoshi Nakamoto, the Founder of Bitcoin and Cryptocurrency,” can literally…

Ethereum developer: “after the implementation of EIP-1559, ether will be burned in every transaction”

Developer Eric Conner announced the upcoming implementation of the EIP-1559 Ethereum enhancement. It provides for the burning of ETH when paying commissions. EIP-1559 will improve user experience, enhance network security, and increase block size as needed. After its implementation, new ETH coins will no longer be issued. In addition, EIP-1559 will lead to the destruction of a large number of ethers. They will be burned after every transaction processed on the Ethereum blockchain, which is…

Glasgow University uses Everledger blockchain to authenticate whiskey

The University of Glasgow’s University of Glasgow Environmental Research Center (SUERC) uses the Everledger blockchain to prevent Scotch whiskey counterfeiting. SUERC researchers said the Everledger platform will be available to premium whiskey producers, retailers, auction houses and collectors. They will be able to track the supply chain of rare whiskeys, as well as check the quality of products and their compliance with established standards. According to the center’s researchers, in 2018 the market for “vintage”…

Visa proposed a method of offline payments in state cryptocurrencies

Visa has released a research paper that outlines how government cryptocurrencies can be used to conduct offline transactions. Visa has offered an offline payment system for government cryptocurrencies. The paper, titled Towards a Two-Tier Hierarchical Infrastructure: An Autonomous Payment System for Central Banks Digital Currencies, highlights the benefits of government-owned cryptocurrencies. At the same time, the researchers said that when such currencies become available, they can be used without an Internet connection. The payment giant…

FinCEN is looking for specialists in the fight against crimes in the cryptocurrency industry

The United States Financial Crimes Enforcement Network (FinCEN) is looking for digital asset experts to address legal issues related to the cryptocurrency industry. FinCEN has posted an advertisement for recruiting employees to investigate crimes related to digital assets. According to the requirements of the department, specialists will have to deal with the identification of risks to financial stability and the development of regulations that can prevent the identified problems. In addition, their range of tasks…

Coinbase has filed with the SEC for an IPO in the United States

Cryptocurrency exchange Coinbase is preparing for a public offering. The company has filed preliminary documents with the US Securities and Exchange Commission (SEC). According to a Coinbase blog post, the company is preparing to enter the stock market and has filed preliminary documents with the SEC. According to the statement: “Form S-1 will become legal after the SEC completes the review process, subject to market and other conditions.” Coinbase said the documents filed with the…

The digital evolution of the financial sector and why DeFi is the future

The existing financial system has a lot to offer, but not everyone has access to it and sometimes its effectiveness leaves much to be desired. The DeFi industry is gaining more and more popularity. Decentralized finance (DeFi) opens up access to financial services for people around the world. DeFi mitigates the risks of losing hard-earned money due to financial institutions’ risk-taking, error, and fraud. In addition, people can avoid the problems that come with the…

Genesis mining will use heat from BTC mining to heat greenhouses

Mining company Genesis Mining has announced the launch of a pilot project to use surplus energy from bitcoin mining to heat greenhouses in the Swedish city of Buden. Genesis Mining has created special mining containers that will connect to the greenhouses through a ventilation system used to transfer excess energy. According to calculations carried out at the Luleå Technical University, a 550 kW container will be enough to heat a greenhouse of 300 square meters.…

Estonia revoked over 1,000 licenses from cryptocurrency companies in 2020

This year, the Estonian authorities revoked the licenses of more than 1,000 cryptocurrency firms amid tightening oversight of the cryptocurrency industry and the fight against money laundering. The Estonian Ministry of Finance announced that the Financial Intelligence Agency has revoked licenses from more than 1,000 cryptocurrency companies since the beginning of the year. The statement followed a meeting of the State Commission on Combating Money Laundering, which discussed issues related to the regulation of cryptocurrency…

Binance Starts Shipping Binance Card Debit Cards To Eurozone

Binance cryptocurrency exchange announced the start of delivery of the Binance Visa Card to the European Economic Area (EEA) and support for the ETH cryptocurrency. Eurozone users will start receiving their cards soon, according to Binance’s announcement. To do this, they need to complete the ordering procedure. The daily spending limit for a physical Binance Visa Card is € 8,700, and no more than € 290 can be withdrawn from ATMs per day. Card users…