Category Archives: Cryptocurrency News

Kadena project announced partnership with Terra to develop Kadenaswap platform

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…

Microsoft employee got nine years in prison for bitcoin fraud

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…

DragonEx will introduce tokenized quotas for the withdrawal of crypto assets

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…

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

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

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

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,…