Category Archives: Cryptocurrency News

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

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

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

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

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

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

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

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…

Thailand’s SEC Issues Four Licenses to UpBit

South Korean cryptocurrency exchange UpBit has received four licenses from the Thailand Securities and Exchange Commission (SEC) to operate in the country. Due to uncertainties over the regulation of the cryptocurrency industry in South Korea, Upbit was forced to ban foreign traders from trading in fiat currencies. This was one of the reasons why the management of UpBit opened a new division in Thailand, having received regulatory approval. Thailand’s SEC has granted UpBit four licenses,…

Apollo Fintech introduces NPP platform for settlements in government cryptocurrencies

The developers of the Apollo Fintech startup have presented the National Payment Platform (NPP) platform based on the blockchain, which will allow settlements with state cryptocurrencies. The developers explained that NPP is a cashless settlement system that central banks can use after issuing their own stablecoins. Government agencies will have the opportunity to interact with commercial banks and other financial institutions to conduct settlements in stable cryptocurrencies issued by central banks. The platform will allow…

One-day: the DeFi YAM project that raised $ 76 million closed due to a bug

The DeFi YAM project, which only the day before yesterday raised $ 76 million in the sale of tokens, today announced its closure due to a critical error in the code. YAM Finance has excellently illustrated the risks of the explosive growth of the decentralized finance industry. In the best traditions of the “instant” ICO of 2017, on Tuesday, in just an hour, the project raised more than $ 76 million, despite the developers’ warnings…