Category Archives: Cryptocurrency News

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…

US Air Force has signed $ 779,000 contract with Chainalysis

The US Air Force has signed a third contract with Chainalysis to obtain a “cryptocurrency data subscription.” They are used to track supply chains. The agency has allocated $ 779,740 for services under a contract that is dated May 19, 2020, and follows two other contracts completed in the previous two years. Collectively, the BBC has already spent $ 900,000 on analytical services from Chainalysis. There are no details about the services used in the…

BitGo will start providing custody services to the Japanese exchange Bitgate

BitGo will provide cryptocurrency cold storage services to the Japanese marketplace Bitgate to ensure the security of digital assets. Bitgate management announced that it has decided to use the BitGo service to meet the new requirements set by the Japan Financial Services Agency (FSA). On May 1, new laws to regulate the cryptocurrency industry came into force in Japan – the Payment Services Act (PSA) and the Financial Instruments and Exchanges Act (FIEA). According to…

Bitcoin ABC Developers Will Fork Bitcoin Cash In November

The Bitcoin Cash blockchain is preparing for a split: Lead developer Amaury Sechet is set to launch its own fork of the coin on November 15. “Bitcoin ABC and Amaury Sechet announced that they will launch their own fork on November 15th. We wish them the best of luck with the new coin and thank you for giving the coins to all BCH holders, ”Bitcoin Cash co-founder Roger Ver tweeted. Disagreements arose over a proposal…

Zcash Developers Has Published Code For New Version Of Halo 2 Zero Knowledge Proof

Electric Coin Company has released the code for Halo 2, an updated zero knowledge proof of Zcash that removes the need for a trusted install. According to a blog post, the private cryptocurrency developer Zcash Electric Coin Company (ECC) has released the source code for Halo 2, an updated and more efficient version of ECC’s recursive evidential composition that removes the need for a trusted setup for Zcash. Halo 2 also has a promising scaling…

Binance Announces Binance Smart Chain Mainnet Launch

Binance Chain Developers Launch Binance Smart Chain Mainnet with BNB Staking and Decentralized Finance (DeFi) Application Development. The developers published the Binance Smart Chain White Paper in April 2020. The Binance Smart Chain is the Binance Chain sidechain to support smart contracts. Before deploying the main Binance Smart Chain, the developers launched a test network, checking the security of its interactions with various blockchains, as well as conducting stress tests using competitions. With Binance Smart…