Category Archives: Cryptocurrency News

The Block: Ethereum Miners’ Revenues Hit Two-Year High

The Block analyst Larry Cermak reports that Ethereum miners earned $ 143.8 million in July, the highest in 23 months. Interestingly, in recent months, the share of miners’ income not from block mining, but from transaction fees has been growing significantly. Of the total revenue of $ 143.8 million, transaction fee income was 23%, or about $ 33 million. By comparison, in May, commission income accounted for only 10% of total miners’ income. Bitcoin miners…

Coinbase will issue loans secured by bitcoins in the US

Coinbase, a major American cryptocurrency exchange, is preparing to launch the Borrow loan service in the United States, within which customers will be able to receive loans in US dollars secured by bitcoins. The launch of Coinbase Borrow is scheduled for this fall, while initially only 17 US states will be able to use the service. However, in the future it is planned to expand the geography of the lending service. In addition, if at…

Ireland will tighten regulation of the cryptocurrency industry

Ireland will introduce amendments to the legislation that will tighten the regulation of the cryptocurrency industry to combat money laundering and terrorist financing. Irish Justice Minister Helen McEntee announced that a bill will soon be presented to implement the EU’s Fifth Anti-Money Laundering Directive (5AMLD), which entered into force in January 2020. The Cabinet of Ministers supported the amendments to the current legislation. The updated money laundering law will contain provisions for all participants in…

A vulnerability was found in the Tor browser that allows to steal bitcoins

A cybersecurity specialist working under the pseudonym nusenu discovered a vulnerability in the confidential Tor browser. Hackers can get a chance to steal bitcoins if they take control of the exit nodes. The Tor browser uses technology that increases the anonymity of users on the network by hiding their IP addresses. The data is encrypted using “onion routing” through multiple intermediate nodes. According to researcher nusenu, the main threat is the operators of the exit…

Coinbase Leaves Blockchain Association After Joining Binance.US

Coinbase cryptocurrency exchange withdrew from the Blockchain Association advocacy group due to the fact that Binance.US joined it. Coinbase management believes that the decision to include Binance.US as a member of the Blockchain Association is contrary to the mission of this organization. Coinbase called such a step ill-considered, and it allegedly could cause “irreparable damage” to the credibility of the Association. At the same time, the exchange did not indicate what the damage could be…

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…

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…

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…