Category Archives: Cryptocurrency News

Blockstream Developers Introduce New Multisignature Option for Bitcoin

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

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…

UN Regional Adviser: “blockchain is an effective tool for fighting corruption”

David Robinson, regional adviser to the UN Office on Drugs and Crime, believes that blockchain will help governments in different countries fight corruption. David Robinson stated that blockchain-based solutions will help fight not only corruption, but also other economic crimes. The blockchain will provide full traceability of transactions, prevent changes to already entered data and protect documents from forgery. According to Robinson, due to corruption, society ceases to trust the state, and blockchain can become…

Gibraltar became a GBBC member for the development of blockchain in the country

Gibraltar has become a member of the Global Blockchain Business Council (GBBC), an organization dedicated to blockchain development in more than 50 countries. Gibraltar’s Minister of Digital and Financial Services, Albert Isola, has announced that the government will promote blockchain adoption in the British Overseas Territories. This requires organizing training seminars for business leaders and legislators, as well as consulting on the regulation of firms in the industry. The initiative aims to make the country…

69370 BTC withdrawn from one of the largest bitcoin wallets, which have lain for more than seven years

On the day of the presidential election in the United States, bitcoins were set in motion on one of the largest wallets. Five hours ago, someone sent 69,370 BTC that hasn’t moved since October 2013. A few hours ago, the Whale Alert service reported a large transaction from the address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx, widely known among crypto enthusiasts and hackers. About two years ago, a wallet.dat file appeared on the darknet, presumably containing keys to this address,…

ETH 2.0 Developers Release a Tool to Create a Deposit Contract

The Ethereum 2.0 developers have published a tool on GitHub to generate the keys needed to make a staking deposit in Ethereum 2.0. On the night of November 4, the Ethereum 2.0 developers published a tool for creating an ETH 2.0 deposit contract on GitHub. The launch of the deposit contract will allow sending ETH from Ethereum 1.0 to Ethereum 2.0. This has brought the launch of phase 0 of the new version of the…

Hackers demand ransom in cryptocurrency from patients of Finnish medical centers Vastaamo

In Finland, hackers have gained access to the medical records of patients in psychotherapy centers and are demanding a ransom in cryptocurrency, otherwise threatening to publish the information in the public domain. The hackers gained access to the medical data of 40,000 patients at Vastaamo psychotherapy centers. The attackers exploited a security breach that appeared as a result of a hack in 2018, but which was not previously known. The hackers began contacting patients whose…

Atlas VPN: the number of attacks on cryptocurrency services decreased by 3 times in 2020

According to Atlas VPN, the number of hacks of cryptocurrency services in the first half of 2020 decreased three times compared to the same period last year. Atlas VPN experts calculated that over the entire history of the crypto industry, hackers managed to steal more than $ 13.6 billion. Despite the fact that fewer hacker attacks were made on cryptocurrency wallets, they turned out to be the most profitable. Over the past eight years, wallet…

Harvest Finance has increased the reward for returning stolen cryptocurrencies to $ 1 million

The management of the Harvest Finance project, which works in the field of decentralized finance (DeFi), has increased the fee from $ 100,000 to $ 1 million for assistance in the return of stolen cryptocurrencies. Recall that on October 26, hackers attacked the Harvest Finance protocol and withdrew cryptocurrencies worth about $ 34 million, using an instant loan to manipulate the prices of fUSDT and fUSDC. The developers of Harvest Finance turned to the cryptocurrency…

Research: Most DeFi projects remain centralized

According to a joint report by think tank DappRadar and Monday Capital, most DeFi projects have a high degree of centralization due to the token distribution model. The authors of the report stated that in the MakerDAO, Curve, Compound and Uniswap projects, tokens are unevenly distributed, which creates favorable conditions for large holders. The Maker control system is the most “mature”. At the MakerDAO forum, community members can conduct a preliminary analysis and discuss the…