Category Archives: Cryptocurrency News

BVV: over 95% of cryptocurrency futures trading volume is on Asian exchanges

Asian exchanges account for more than 95% of cryptocurrency futures contracts trading volume, according to a new report by Swiss company Blockchain Valley Ventures (BVV). As BVV states in its report, Asian exchanges account for 95% of cryptocurrency futures trading, while Huobi, Binance and OKEx have surpassed BitMEX to become the leading spot and derivatives markets. At the same time, 83% of the trading volume for cryptocurrency derivatives is carried out on six exchanges, and…

Online retailer Galaxus makes first payment with Sygnum’s DCHF stablecoin

Galaxus, Switzerland’s largest online retailer, partnered with Coinify to make the first payment using the digital Swiss franc DCHF issued by Sygnum Bank. Sygnum Bank, Coinify and Galaxus have announced the world’s first e-commerce transaction using the bank-issued Sygnum Digital Swiss Franc (DCHF) stablecoin pegged to the Swiss franc at a 1: 1 ratio. DCHF eliminates the need for a bank card system, reduces costs and the likelihood of fraud, and processes transactions in real…

Filecoin Test Network Capacity Exceeds 12 Petabytes

Three years after the sale of $ 257 million tokens, the Filecoin project launched a test storage network on the blockchain, the capacity of which reached 12.9 petabytes. According to the Filecoin project website, blockchain-based file storage “incentivized testnet” capacity has reached approximately 12.9 petabytes in less than two days since launch. https://bits.media/upload/medialibrary/2e5/filecoin.jpg On August 24, developers launched the Filecoin Space Race, positioning it as a “co-competition” for stress testing the network. The developers of…

Hackers attacked the New Zealand Stock Exchange and demand a ransom in Bitcoin

The New Zealand stock exchange NZX has been under attack by hackers for the third day. To stop the attack, the attackers demand a ransom in bitcoins. Hackers overload the exchange’s communication channels and interfere with its normal operation. They stepped up their attack this morning and the NZX was unable to start trading on time. In addition, trading was closed for an hour on Tuesday and three hours on Wednesday. At the same time,…

DeFi protocol dYdX launches perpetual contracts for LINK / USD based on Heinlink oracles

The dYdX decentralized exchange has launched perpetual contracts for the LINK / USD pair that receive price data from Chainlink decentralized oracles. The dYdX decentralized exchange has announced the launch of perpetual contracts for the LINK / USD pair. The new contracts will use prices for LINK / USD from Chainlink’s decentralized network of oracles, which provide on-net price data and are tamper-proof. Perpetual contracts are similar to futures contracts, whereby traders commit to buy…

The value of blocked assets in DeFi applications exceeded $ 7 billion

The total value of assets blocked in DeFi protocols grew by 271% in two months and exceeded $ 7 billion. If the current growth rate is maintained, this figure will reach $ 27 billion by the end of the year. According to DeFi Pulse, today the value of assets locked in DeFi applications in dollar terms for the first time exceeded $ 7 billion, while almost 90% of crypto assets are locked in smart contracts…

Boston Fed and MIT will study 30 blockchains to deploy the digital dollar.

Boston’s Federal Reserve Bank will study 30 blockchains for a digital dollar development initiative. The study is being conducted in collaboration with the MIT Digital Currency Initiative. Earlier this month, the Boston Federal Reserve Bank said it is actively testing the digital dollar, a tokenized version of the US dollar, in partnership with the Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI). The collaboration builds on previous research and aims to explore how the…

Power Ledger Announces Launch of Blockchain Platform for Renewable Energy Trading

Australian company Power Ledger has announced the imminent launch of a blockchain platform for renewable energy trading in Thailand and Southeast Asia. The platform is based on joint developments with the Thai renewable energy firm BCPG. One of the earliest Power Ledger and BCPG projects was tested back in 2018, when the firms conducted a pilot green energy sale in the central Bangkok region. Power Ledger continued to work with BCPG and later was joined…

BIS report: “Interest in government cryptocurrencies has exceeded interest in Bitcoin and Libra”

According to a new report from the Bank for International Settlements (BIS), in 2020, interest in the Central Bank’s cryptocurrencies has become higher than in Bitcoin and the Libra project. In a new working paper, BIS analyzes the global state of research and development of government cryptocurrencies, technical approaches and government attitudes towards this initiative. The comprehensive study draws on more than 16,000 presentations from central bank officials in recent years and evaluates the existing…

Apptopia: Mobile Cryptocurrency Trading Grows 81% YoY

Cryptocurrency trading via mobile apps grew 81% compared to August last year. The most popular mobile apps are Coinbase, Blockchain Wallet and Binance. According to the latest report from Apptopia, cryptocurrency trading via mobile apps is becoming more popular, with each new month surpassing the previous one in terms of active users and new signups. Among the most popular mobile cryptocurrency trading apps are Coinbase, Blockchain Wallet, and Binance. According to Apptopia, on August 20,…