Category Archives: Cryptocurrency News

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.…

The new version of the hidden mining program Monero Black-T learned to steal passwords

A new version of the Black-T Monero stealth mining malware can steal sensitive user data and disable other cryptojacking programs. According to a report from cybersecurity firm Unit 42, hackers have updated Black-T, a long-standing malware for stealthy Monero mining, which can now steal user credentials and disable any other mining software on the victim’s computer. Black-T is now capable of detecting sensitive information about a user residing on a computer and sending it to…

Sale of cryptocurrency derivatives to retail investors is prohibited in the UK

The UK Financial Conduct Authority (FCA) has published final rules prohibiting the sale of cryptocurrency derivatives to retail investors. These products are not suitable for retail investors due to the harm they cause, according to a statement on the UK regulator’s website. FCA believes that these products cannot be judged correctly by retail consumers for the following reasons: Inherent properties of underlying assets that do not allow them to be reliably measured The prevalence of…

Research: 43% of enterprise blockchains are deployed in finance

A Cambridge University report on enterprise blockchains found that 43% of projects in production are carried out in financial companies. The University of Cambridge published the results of the second enterprise blockchain comparative study, which collected data from surveys of more than 200 enterprises, startups, central banks and other public sector institutions in 59 countries from July 2018 to June 2019. One of the sections of the survey was devoted to corporate projects on the…

User lost $ 140,000 in UNI tokens while farming in the UniCats project

One of the users of the fraudulent project UniCats lost $ 140,000 in UNI tokens invested in it for farming. The UniCats developers have implemented a defect in the smart contract to control tokens even after their withdrawal. This was announced by Alex Manuskin, a researcher from the ZenGo cryptocurrency wallet team. To start using the UniCats platform, the user is required to have permission to spend an unlimited number of tokens. Considering that many…