Category Archives: Cryptocurrency News

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…

Bitcoin Core version 0.20.1 Released

Bitcoin developers have released an updated version of the main software client Bitcoin Core 0.20.1 with a mechanism to limit the “misbehavior” of peers. The Bitcoin Core client update contains only minor changes and improvements, unlike the previous version of Bitcoin Core 0.20, which was presented in early June. Version 0.20 was mainly aimed at moving away from the OpenSSL cryptographic library, which caused bugs, crashes and network problems. According to the accompanying documentation, the…

Monero and Tari Labs Prepare Guidelines for Listing Anonymous Cryptocurrencies on Exchanges

Monero and Tari Labs will present a guide for cryptocurrency exchanges to place cryptoassets with increased privacy. The document will be released under the title “The Fundamentals and Regulation of Privacy-Enabling Cryptocurrencies”. It will be published by the law firm Perkins Coie. The developers explained that the guide will be a “white paper” detailing how the improved tools can reduce the risks associated with anonymous cryptocurrencies. Marketplaces will receive instructions on how to place XMR…

Billions of dollars in losses. All about cryptocurrency pyramids.

The biggest damage in the blockchain industry comes from Ponzi schemes. They are especially popular with scammers who deceive hundreds of thousands of people every year. 1. How do financial pyramids work? The organizer of the pyramid scheme invites investors, promising them high profits in the future. There are two conditions: the victims must contribute money and invite new members. Those are given a similar task and so on along the chain. All the profits…

Bank of England Updates RTGS Payment Network to Support Government Cryptocurrency

The UK central bank is updating the RTGS payment and settlement system so that it can support the operation of the government cryptocurrency in the future if it is released. The Bank of England wants the updated Real Time Gross Settlement System (RTGS) – the payment network used by UK financial institutions – to be directly compatible with the government’s cryptocurrency. The new settlement system is being developed so that the Central Bank can use…

Glassnode: 93% of all BTC addresses contain “profitable” bitcoins

According to analyst firm Glassnode, about 93% of all BTC addresses contain “profitable” bitcoins after the price of the cryptocurrency exceeded $ 11,000. According to Glassnode, these addresses contain bitcoins, which have increased in value since they were transferred to the wallet. Now the number of such addresses has exceeded 93% of all BTC addresses. Moreover, on July 20, there were no more than 72% of such addresses. The last time over 90% of addresses…