Category Archives: Cryptocurrency News

ICO Analytics: traffic of centralized cryptocurrency exchanges has increased significantly

According to ICO Analytics, traffic from centralized cryptocurrency exchanges and decentralized finance (DeFi) services increased significantly in July 2020. Illia Kmez, Content Director of the ICO Analytics analytical service, said that the researchers analyzed the Internet traffic of about a hundred trading platforms operating both in one state and in several countries. Binance ranked first among the TOP 20 exchanges in terms of traffic volume in July. More than 24.9 million visits were recorded on…

NYDFS Unveils List of Allowed Crypto Assets for Storage and Listing on Exchanges

The New York State Department of Financial Services (NYDFS) has approved eight cryptoassets for listing and trading on exchanges and ten for holding in licensed organizations. The regulator’s website presents two categories of assets: cryptocurrencies, which are allowed to be stored in licensed firms, and cryptoassets, available for trading on exchanges. The second category includes BTC, ETH, BCH, LTC, BUSD, GUSD, PAXG and PAX. In the first category, in addition to these cryptocurrencies, XRP and…

Not just bitcoin. How is blockchain useful for marketing?

Distributed ledger already used in logistics, finance and medicine, the next target is the advertising market. The introduction of technology will help solve a number of problems, for example, the collection of personal data of users by large corporations. However, blockchain is still not perfect. Blockchain is used in various fields: finance, logistics, government accounting and medicine. Gradually, distributed ledger technology is included in marketing. While most startups aren’t offering anything ground-breaking, blockchain has potential…

Polkadot Developers Launch Rococo Testnet

On August 4, Polkadot developers launched the Rococo testnet to implement sharding using parallel chains (parachains). According to the developers, the key parameter of shards is communication, otherwise they will act as independent chains. Shards need to interact with peers to enable sending tokens between shards. Rococo’s new testnet is specifically designed to test Polkadot protocols that will enable communication between shards. Three separate parachains are available in Rococo: “tick”, “trick” and “track”, and developers…

Research: Growth in Ethereum Transactions Fueled by Trading Bots

Certus One co-founder Hendrik Hofstadt attributed the marked increase in Ethereum transactions to the architecture of the popular Geth client. The fact is that now the Geth client, used by Ethereum miners, executes transactions with the same gas size in a random order. This is used by trading companies – they create bots that monitor the queue of unconfirmed transactions on the network. If large transactions are detected on decentralized platforms, such bots create new…

Millions of hotels, electronics, video games. What to spend cryptocurrency on

Bitcoin is gaining more and more recognition in the world. You can use it to pay for your Twitch subscription, buy plane tickets, book a hotel, and much more. We will tell you which services accept digital money. 1. For travelers Tourism is one of the areas that is adapting the fastest to dealing with digital assets. You can book a hotel almost anywhere in the world by paying with cryptocurrency using the travala.com service.…

Hacks, laws, manipulations. Why is it dangerous to keep bitcoin on the exchange

1. Hacking The main risk for any exchange user is a successful hacker attack. Attackers can steal funds stored in the company’s wallets. In this case, she will have nothing to give clients their funds and she is likely to declare bankruptcy. To reduce the risk of losing funds due to hacking, it is safer to choose the largest exchanges. They invest more money in providing protection and create reserve funds in case of an…

Vulnerability found in Ledger wallet leading to write-off of BTC instead of altcoins

Liquality developer Mohammed Nokhbeh has discovered a vulnerability in the Ledger hardware wallet that leads to the withdrawal of bitcoins instead of altcoins. The developers presented a report that described how the attack works. The attacker creates an imaginary transaction with any altcoins, during which bitcoins are debited from users. For example, a trader may have the impression that he is sending 0.01 LTC, but in fact 0.01 BTC will be sent from his wallet.…

Cryptocurrency hedge fund Neural Capital closes with a loss of over 50%

Cryptocurrency hedge fund Neural Capital announced it would close after losing half of its capital. The fund was launched in 2017. According to local media reports, the crypto assets of the Neural Capital fund were liquidated back in December, and some of the cash is still kept in escrow accounts, which violates the previously agreed storage periods for several months. However, the fund is already returning the remaining funds to investors. By 2019, Neural Capital…

MonolithosDAO announces the start of the second stage of the MDT token sale and the listing of the token on Uniswap

The developer of the decentralized crypto-ruble DeFi platform MonolithosDAO announced that on Monday, August 3, the second stage of the MDT token sale – a token for managing the Monolithos network – has started. At this stage, the liquid MDT / ETH pair is added to the listing of the Uniswap decentralized exchanger. Monolithos is allocating 500K MDT for sale on Uniswap and providing them with Ether. The initial token price was $ 0.42 and…