Category Archives: Cryptocurrency News

Venezuela regulator will begin to tightly control mining in the country

Under the new law, the Crypto-Assets and Related Operations Authority (Sunacrip) will regulate all mining activities in Venezuela. Despite the fact that mining is allowed in Venezuela, the country’s authorities intend to make it more centralized. Now the production of ASIC miners, the construction of mining farms, the import of equipment and the distribution of rewards among the cryptocurrency miners will be controlled by regulators. In addition, the new law obliges all miners to become…

Polkadot Developers Introduce Substrate 2.0 Update

The Polkadot developers have released a Substrate 2.0 update that allows decentralized applications to interact with the outside world without the involvement of third-party oracles. Substrate is an infrastructure with a set of tools that developers can use to create their own blockchain for various applications. These blockchains can be launched independently or integrated into the Polkadot shard network (parachains). A key feature of Substrate 2.0 is the off-chain worker module, which runs off-chain and…

The developer has discovered an attack vector on Wumbo channels

Lightning Labs developer Joost Jager described a micropayment network vulnerability that could lead to compromise of Lightning Network channels at low cost. Joost Jager said the Lightning Network could attack Wumbo payment channels, which allow for larger transactions on the network and increase transaction volumes. Prior to the addition of Wumbo Channels this summer, users could create channels with a maximum capacity of 0.1677 BTC – this limitation was made as a precautionary measure. Jager…

The People’s Bank of China created a “black list” of OTC traders’ accounts

The People’s Bank of China (PBOC) has begun blacklisting the accounts of large OTC cryptocurrency traders as part of its anti-money laundering program. According to WuBlockchain, China’s Central Bank has launched a campaign against money laundering through cryptocurrencies. The initiative to blacklist linked accounts is part of a broader anti-money laundering effort in China. Earlier this year, the NBK launched a campaign to eradicate illicit proceeds and requested account information and transaction details from banks…

BRD Developers Introduce Blockset Service For AML Compliance

The BRD (formerly Bread) wallet developers have unveiled the Blockset toolkit, developed in collaboration with Chainalysis, CipherTrace and Elliptic. The service is aimed at complying with the AML rules. The Bread wallet was launched in 2014 and became the first Bitcoin wallet available on the Apple app store. A few years later, the project held an ICO, where it raised about $ 32 million, after which it changed its name to BRD and added support…

Wealthsimple Crypto – the first regulated cryptocurrency exchange launched in Canada

Wealthsimple Crypto, the first regulated cryptocurrency exchange, was launched in Canada yesterday, September 22nd. The custodial storage of crypto assets for the platform is carried out by the American Gemini exchange. Wealthsimple Crypto’s public launch came shortly after the company received approval from the Canadian securities regulator in August. To date, Wealthsimple is the only cryptoasset trading platform that has been authorized to operate in the country by the Canadian Securities Administrators (CSA). Before the…

Former top managers of the largest banks launch a cryptocurrency hedge fund

Former heads of banking units HSBC, Citigroup and Merrill Lynch in the Asia-Pacific region launched a cryptocurrency hedge fund Liquibit Capital with assets of $ 50 million. The founders of the cryptocurrency fund are Joseph Chang, who served as Head of Equity Trading at Merrill Lynch, HSBC and Citigroup from 1997 to 2016, and his partner Grahame Webb, who previously served as Head of Technology for HSBC and Citigroup. … They began trading cryptocurrencies in…

Bitcoin blockchain size exceeded 300 GB

The size of the full Bitcoin blockchain on September 19 exceeded 300 gigabytes. This is the size of the complete history of BTC transactions for almost 11 years of its existence. According to Blockchain.com, full Bitcoin nodes now need over 300GB to download and save BTC transaction history to disks and synchronize with the Bitcoin network. https://bits.media/upload/medialibrary/abd/bitcoin-sizw.jpg While this amount of data may seem significant, a 1TB hard drive is sufficient to store the entire…

Poloniex and KuCoin Teamed Up to Develop Cryptocurrency Industry

Cryptocurrency exchanges Poloniex and KuCoin have teamed up for joint research and large-scale development of the cryptocurrency industry amid increasing regulatory requirements. Exchanges will begin to conduct research and development collaborations related to cryptocurrency trading, liquidity provision, product iterations, and mining pools using Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus methods. According to the management of both sites, instead of competing, it is much more effective to combine efforts to strengthen their positions in the market…

Xage to develop a blockchain-based protocol to protect US Space Force data

Cybersecurity firm Xage will develop a blockchain-based decentralized P2P protocol for protecting US Space Force (USSF) data. The Xage developers explained that the protocol will be created to protect the data of military and civilian objects, and step-by-step verification will be required to access the USSF system. The blockchain solution will be applied both at ground stations and in space. USSF, commercial operators and other parties involved will be able to report on the situation…