China tests digital yuan payments for large commercial transactions

Cryptocurrency NewsBy 21/08/2020

The China Digital Currency Electronic Payment System (DCEP) has entered the testing phase of large commercial transactions and is close to its official launch. Following the first large-scale testing of China’s Digital Currency Electronic Payment System (DCEP) in Shenzhen, China’s Ministry of Commerce announced that it is expanding DCEP testing to more cities. The system will also be tested in the processing of large commercial transactions, including payments in the hospitality industry and e-commerce. The…

ASIC miner makers return to developing chips for AI

Cryptocurrency NewsBy 20/08/2020 1 Comment

The largest manufacturers of ASIC miners have returned to the idea of producing chips for artificial intelligence (AI) due to the decline in mining profits. According to a report by analyst firm TokenInsight, the change in market dynamics has forced the three largest manufacturers of mining devices – Bitmain, Ebang and Canaan – to shift the focus from ASIC miners to chips for AI in the long term. Research and development of microcircuits is the…

Tether to Launch USDT Stablecoin on OMG Network

Cryptocurrency NewsBy 20/08/2020

Tether has announced the launch of USDT stablecoin on the OMG Network, a tier 2 scaling solution for the Ethereum blockchain. As reported by Tether, thanks to the OMG Network, USDT holders will pay fewer fees, and the time to confirm token transactions will be reduced without compromising security. Tether CTO Paolo Ardoino said that making USDT transactions on the OMG Network will reduce costs, improve network performance and reduce the load on the underlying…

SpaceChain made a “space” transaction in BTC with a multisignature via the ISS

Cryptocurrency NewsBy 19/08/2020

SpaceChain made a “space” transaction in BTC with a multisignature via the ISS The SpaceChain project successfully sent 0.01 BTC with multisignatures using dedicated hardware on the International Space Station (ISS). The developers of the blockchain-based satellite project SpaceChain reported that they sent 0.01 BTC to two Bitcoin addresses. They used special equipment to transmit encrypted data through a ground station to the ISS. It was created by GomSpace, a satellite manufacturer using nanotechnology, and…

Coinbase Engineer Names Technical Requirements For Listing ERC-20 Tokens

Cryptocurrency NewsBy 19/08/2020

Coinbase security engineer Nadir Akhtar spoke about the technical factors that ERC20 tokens must meet to be placed on the platform. Nadir Akhtar named four characteristics that issuers’ tokens should have when they want to list their assets on Coinbase. This is the presence of verified source code using libraries that comply with industry standards limited options for privileged members and simple and modular design. Akhtar explained that the source code of the token contract…

Bitcoin hashrate declines amid storms in Sichuan

Cryptocurrency NewsBy 18/08/2020

In the past week, the Chinese province of Sichuan, whose miners generate more than 50% of the hashrate of the Bitcoin network, was hit by storms. As a result, part of the cryptocurrency mining capacity was shut down. Storms in Sichuan are leading to power outages in some areas of the province, and some hydroelectric power plants are turning off generation to contain floods. It is equally important to disconnect communications in certain regions. According…

Prysmatic Labs Developed Solution to Resolve Sync Bug on Medalla Testnet

Cryptocurrency NewsBy 18/08/2020

On August 14th, unplanned forks occurred on the Ethereum 2.0 testnet – Medalla. The Prysmatic Labs development team has found a solution to fix a bug that disrupted Medalla. Medalla’s testnet was launched on August 4th. Its goal is to enable the transition to a Proof-of-Stake (PoS) algorithm. About 26,000 validators joined the testnet, and users transferred over 830,000 ETH to the testnet. According to TrustNodes, on August 14, Medalla experienced unscheduled forks – the…

SEC fined startup Boontech $ 150,000 for fraud and illegal ICO

Cryptocurrency NewsBy 17/08/2020

The US Securities and Exchange Commission (SEC) fined cryptocurrency startup Boontech $ 150,000 for providing false information to investors and conducting an unregistered ICO. According to the SEC, between November 2017 and January 2018, Boontech sold $ 5 million worth of Boon Coins. More than 1,500 American investors took part in the token sale. The Commission accused Boontech co-founder Rajesh Pavithran of selling unregistered securities and defrauding investors. According to the SEC, Pavitran provided false…

BitMEX will begin to verify users

Cryptocurrency NewsBy 17/08/2020

The popular cryptocurrency derivatives exchange BitMEX announced that on August 28, a user verification program will be launched on the site. According to an article in the company’s blog, users will be required to provide documents proving their identity and place of residence. Exchange clients will have 6 months to complete the verification procedures. The article says: “Retail customers will need to upload a passport photo and proof of address, take a selfie and answer…

Waves Enterprise Developers Release New Node 1.3

Cryptocurrency NewsBy 14/08/2020

Waves Enterprise developers have released a new version of node 1.3. Activating the update will expand the functionality of the main network and increase its performance by 30%. The new version of the site contains more than 20 improvements, but the developers have provided information only about the main changes. The v1.3 functionality allows you to run certain types of smart contracts in multiple threads, so they are executed in parallel. On average, this will…

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