Coinbase will share some customer data with UK Internal Revenue Service

Cryptocurrency NewsBy 05/10/2020

Cryptocurrency exchange Coinbase will provide UK tax authorities with data on its customers who have received over £ 5,000 worth of crypto assets over the past year. According to an email from Coinbase, the exchange will transfer its UK customer data to the UK’s Royal Revenue Service (HMRC). In this case, information will be transferred only about those customers who have purchased or deposited cryptoassets worth more than £ 5,000 (about $ 6,474) into their…

SingularityNET Project Plans To Move From Ethereum To Cardano Blockchain

Cryptocurrency NewsBy 02/10/2020

Ethereum-based SingularityNET AI platform developers are discussing with IOHK the possibility of moving to the Cardano blockchain. SingularityNET allows you to create, host and monetize services using artificial intelligence, while being scalable. In recent months, the load on the Ethereum blockchain has increased dramatically, resulting in higher fees. Therefore, the platform developers are seriously considering moving to the Cardano network. Moreover, according to the creators of SingularityNET, they do not have much confidence in Ethereum…

Ripple plans to achieve carbon neutrality by 2030

Cryptocurrency NewsBy 01/10/2020

Ripple has created a tool called EW Zero that makes it easier for blockchain projects to use renewable energy sources. The XRP Ledger Foundation will be the first to use it. The EW Zero tool, developed in partnership with the non-profit Energy Web Foundation, will reduce the carbon footprint of any blockchain by purchasing renewable energy from local markets around the world. The XRP Ledger Foundation, the newly formed XRP cryptoasset developer fund, will be…

RUSI survey: regulators doubt the ability of self-government of the cryptocurrency industry

Cryptocurrency NewsBy 01/10/2020

Regulators and banks are skeptical about the idea of self-regulation of the cryptocurrency industry in the fight against money laundering and the financing of illegal activities. The survey results, released on Tuesday by the UK’s Royal United Defense Research Institute (RUSI), showed that banks, governments and cryptocurrency CEOs have conflicting views on the self-regulation of the cryptocurrency industry. RUSI is the UK’s oldest think tank on defense and security issues. According to the survey, 63%…

Ocean Protocol hard forked and thwarted the exchange of stolen KuCoin tokens

Cryptocurrency NewsBy 30/09/2020

Ocean Protocol suspended an old smart contract on Ethereum and hardforked its blockchain to prevent KuCoin hackers from exchanging stolen OCEANs. On September 28 at 1:00 am ET, Ocean Protocol announced the suspension of the old smart contract and the transition to a new one in order to prevent hackers who hacked KuCoin from exchanging 21 million OCEAN tokens worth about $ 8.6 million. The Ocean Protocol team said: “At 16:00 GMT, a new contract…

Paxful Launches USDT Trading and Adds New Features

Cryptocurrency NewsBy 30/09/2020

All Paxful users can now buy and sell USDT, add bank details and send bitcoins to their username. International P2P cryptocurrency platform Paxful today announced the launch of peer-to-peer transactions in Tether (USDT). Now all verified users can protect their funds from Bitcoin price fluctuations and trade the USDT stablecoin with the highest market capitalization. This feature has been successfully tested in Nigeria and several other regions: “To show our respect for one of our…

Ebang’s 1H 2020 Revenue Halves Due to COVID-19 Pandemic

Cryptocurrency NewsBy 29/09/2020

Amid the coronavirus pandemic, the revenue of the Chinese mining company Ebang in the first half of 2020 was halved compared to the same period last year. According to the financial statements of Ebang, filed with the US Securities and Exchange Commission (SEC), the company’s net revenue in the first six months of this year decreased by $ 11 million (50.6%), while in the first half of 2019 it was $ 22.35 million. Ebang Chairman…

Users lost $ 15 million in cryptocurrency overnight due to curiosity

Cryptocurrency NewsBy 29/09/2020

The developer of the token that has risen in price by 100,000% has created a test version of the new DeFi project. His address on the Ethereum network was found by traders and immediately transferred $ 15 million there. Later, the funds were discovered by a hacker. https://s0.rbk.ru/v6_top_pics/resized/1180xH/media/img/0/57/756013613016570.png” /> On the night of September 29, traders lost $ 15 million in cryptocurrency. The reason for this was curiosity and, probably, the pursuit of quick money.…

13 alternatives: why investing not only in bitcoin.

Cryptocurrency NewsBy 28/09/2020

In 2020, investing in BTC brought its holders several times less profit than buying altcoins. Some of them have risen in price by thousands of percent. Analysts told which cryptocurrencies remain undervalued and retain great potential for price growth. In 2020, Bitcoin remains a symbol of the cryptocurrency market, but it is not a leader in terms of profitability. BTC has risen 46% since January, which is significantly weaker than most other coins. For example,…

White hackers prevent theft of 25,000 ETH from Lien Finance smart contract

Cryptocurrency NewsBy 28/09/2020

The “white hacker” under the pseudonym samczsun discovered a vulnerability in the Lien Finance smart contract on the Ethereum blockchain, preventing the theft of 25,000 ETH (about $ 10 million). Samczsun discovered the vulnerability on September 15th while searching for bugs in Ethereum smart contracts. The “hacker” accidentally found the Lien Finance protocol contract, which contained over 25,000 ETH. samczsun found out that anyone could withdraw coins from this smart contract. It had a “burn”…

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