Category Archives: Cryptocurrency News

PwC report: blockchain will drive the global economy by $ 1.76 trillion by 2030

Blockchain will boost the global economy by $ 1.76 trillion over the next decade, with the greatest economic impact going to be seen in Asia, according to a new report from consultancy PwC. PwC economists predict that a tipping point will come in 2025 if blockchain is widely deployed around the world. In addition, blockchain applications are expected to drive global gross domestic product (GDP) growth of $ 1.76 trillion (1.4%) by 2030. Blockchain will…

Ethereum 2.0 Developers Successfully Launch Zinken Testnet

Ethereum 2.0 developers have successfully launched the Zinken testnet and tested the creation of the ETH 2.0 genesis block. Zinken launched after a failed deployment of the Spadina testnet. According to the developer of Ethereum 2.0. Danny Ryan, today’s launch of the Zinken testnet went smoothly. Zinken is the latest planned “dress rehearsal” for ETH 2.0 testing to create a Genesis Block – the first block in a new chain before the Proof-of-Stake network goes…

Three ATMs with BTC purchase function appeared at Tesla’s gigafactories

Crypto ATM operator LibertyX stated that devices with the BTC purchase function appeared at three Tesla enterprises. However, Elon Musk doubted this information. Fold payments platform CEO Will Reeves tweeted Saturday that Tesla’s gigafactory has a cryptomat. However, Tesla CEO Elon Musk questioned this statement. “I think this is inaccurate information,” Musk tweeted. Soon, the ATM operator, LibertyX, confirmed the launch of three ATMs at three Tesla gigafactories in the United States. The confusion seems…

Google Trends: Interest in Bitcoin and DeFi Industry Falls

According to Google Trends, users have become less interested in Bitcoin and the decentralized finance (DeFi) industry. Often, a drop in the number of search queries correlates with a drop in prices. Google Trends tracks the number of searches for different words, assigning each a numeric value that indicates its popularity. Google Trends data gives a rough idea of ​​the world’s interest in various aspects of the cryptocurrency market. In the first week of September,…

Ethereum Miners Disapprove New Fee Model in EIP 1559

According to the survey, Ethereum miners are disapproving of the Ethereum Improvement Proposal (EIP) 1559, put forward by leading network developers, aimed at introducing a new fee model. Eight of the nine mining projects that participated in the EIP 1559 community survey responded negatively to the proposal. At the same time, seven out of nine respondents said they would refuse to implement EIP if it is included in a future hard fork. Developers began discussing…

DappRadar: Ethereum accounts for 96% of transactions in the DeFi industry

According to DappRadar’s Q3 2020 report, 96% of total DeFi transactions came from Ethereum. DeFi user activity has increased due to “profitable farming”. The DappRadar team has released a Q3 report on DeFi performance. According to the report, over the past three months, the volume of transactions in the industry has reached $ 125 billion, which is $ 113 billion more than in the second quarter. At the same time, 96% of the total volume…

Fidelity, Circle and MakerDAO: “stablecoins will increase the efficiency of enterprises”

According to project leaders at Fidelity Labs, Circle, and MakerDAO, dollar stablecoins are attracting new users to the cryptocurrency market and improving organizations. They announced this at the Blockchain Summit in Los Angeles, discussing the possibilities and prospects of stable cryptocurrencies. Raghav Chawla, director of product development at Fidelity Labs, believes that stablecoins pegged to fiat currencies simplify transactions for ordinary users and large enterprises, eliminating the need to go to banks or other intermediaries.…

BMW to Launch Blockchain Apps to Distribute Rewards to Customers

BMW Korea to Launch Blockchain Bonus Program in South Korea. Users will be rewarded for purchases and will be able to use points to access events and discounts. According to the Korea Herald, the Korean subsidiary of German automaker BMW will soon launch a blockchain-based bonus program in the country. The BMW Vantage Rewards Program will allow customers to accumulate Reward Points and use them to pay for products or receive discounts on services offered…

DAI stablecoin support added to Bitcoin RSK sidechain

The developers of IOV Labs, who launched the RSK Bitcoin sidechain, announced the possibility of using the DAI stablecoin from the Ethereum blockchain. The integration will allow the transfer of DAI coins from Ethereum to the RSK sidechain so that they can be used in the Bitcoin-based decentralized financial ecosystem. For this, a mechanism developed by the RSK Infrastructure Framework (RIF) team is used, which serves as a “bridge” for the transfer of Ethereum-based tokens.…

Chainalysis ranks BitMEX as a high-risk exchange

Due to the allegations made by the US government against the cryptocurrency derivatives exchange BitMEX, the analytical company Chainalysis has ranked it as a high-risk platform. On October 5, Chainalysis contacted its clients, which include government agencies, banks and marketplaces. According to the Chainalysis notice, from October 1, 2020, all trades using this exchange will be considered high risk. Customers using the Chainalysis KYT solution to track suspicious transactions will see alerts in the system.…