Category Archives: Cryptocurrency News

Major banks postponed launch of Utility Settlement Coin until 2021

The launch of the Utility Settlement Coin (USC) project, supported by major commercial banks, has been postponed until 2021 pending regulatory approval. Last June Barclays, Banco Santander, Credit Suisse Group AG and ten other largest banks in the world announced a $ 63 million investment in the Utility Settlement Coin project. The USC project partners became the founding shareholders of a new commercialization firm called Fnality International. As previously reported, the USC platform aims to…

Australian researchers report blockchain privacy concerns

Researchers from the University of South Australia have concluded that blockchain technology needs to be improved to improve user privacy. The research results, described in a blog post from the University of South Australia, show that the features that make the blockchain secure pose privacy concerns for users, especially in line with new European standards. The study was conducted by advanced technology researcher Dr. Kirsten Wahlstrom in collaboration with Dr. Anwaar Ulhaq and Professor Oliver…

DGen report: “at least three countries will release government cryptocurrencies by 2030”

Dutch non-profit organization dGen says in its report that three or more nations will replace their fiat currencies with digital ones by 2030. DGen, an independent non-profit research institute focused on blockchain research, has released a report examining the issue of government cryptocurrency issuance. The report, sponsored by the European Central Bank (ECB), Standard Chartered Bank and the Frankfurt School of Management and Finance, has made some important predictions about the impact of government cryptocurrencies…

Sia developers proposed to hard fork protocol to create Sia Foundation

Sia developers proposed to hard fork the protocol of the decentralized cloud storage network. This will allow transferring part of the reward for each mined block to the Sia Foundation. The idea of ​​a decentralized data warehouse is being implemented by several projects at once – Sia, Storj and Filecoin. However, this concept still fails to gain widespread popularity. According to CoinMarketCap, Siacoin is currently trading at $ 0.003 and the crypto asset has a…

Ethereum Developers Discuss GasToken Elimination To Curb Fee Rise

Developers are exploring a proposal to improve Ethereum EIP-2751, which can contain the growth of blockchain fees by eliminating “tokenized” gas. GasToken are loopholes in Ethereum smart contracts that help send transactions cheaply by “tokenizing” gas. This feature allows an Ethereum user to purchase gas tokens for the future at a low price, store them, and then spend them when the commission grows again. While the matter is still under debate, some developers fear that…

Chinese traders transfer cryptoassets from centralized exchanges to DeFi

Despite the market correction, interest in DeFi in China is growing. Local exchanges are experiencing difficulties as users transfer cryptoassets to DeFi protocols. The number of searches for the word “DeFi” on the popular Chinese platform WeChat hit 900,000 on September 2, a new record high. On September 7, Chinese journalist Colin Wu reported that many local exchanges are suffering from liquidity problems due to the massive withdrawal of cryptocurrencies by customers looking to transfer…

Cryptocurrency bank Ziglu added functions for buying and sending cryptoassets

Cryptocurrency bank Ziglu added functions for buying and sending cryptoassets Alternative bank Ziglu has added the ability to buy and sell cryptoassets in its app. Cryptocurrencies can be sent to other bank customers, but not to third-party wallets. The limitation was commented on by Ziglu Product Director Nick Turner-Samuels. He said that connecting the option of sending cryptocurrencies to external wallets is not an easy task for the bank. Ziglu was only launched on June…

DeFi Experts: Ethereum 2.0 Launch Is Not Enough To Reduce Fees

Decentralized finance (DeFi) industry experts believe that the launch of Ethereum 2.0 itself will not lead to lower fees on the Ethereum network, so additional solutions are needed. DeFi industry experts and computer scientists discussed the Ethereum network issues at the China’s DeFi Marathon. 1inch Decentralized Exchange CEO Sergej Kunz, ParaSwap Founder and CEO Mounir Benchemled and bloXroute Labs Co-founder Alex Kumanovic expressed their views on the growth of commissions on the Ethereum network. In…

Denmark sees blockchain as an anti-corruption tool

Blockchain and big data technology can be used to fight administrative and political corruption, according to a report from the Danish Ministry of Foreign Affairs. The ministry presented a report at the International Anti-Corruption Conference (IACC). According to the department, the blockchain will create a more transparent system for managing and tracking various financial transactions. In addition, distributed ledger technology (DLT) will give ordinary citizens more rights to their own data, ensuring their confidentiality. The…

The future of Ethereum: how the project will change in the next 5 years

Everything you need to know about the largest altcoin by market capitalization, which is preparing for the most important update in its history. On July 30, 2015, the first Ethereum genesis block was mined. Over the past five years, ETH has become the dominant altcoin in terms of market capitalization, popularity and use, and has grown into the largest blockchain platform, with over 2,000 decentralized applications used. Ethereum may have changed the blockchain world even…