Category Archives: Cryptocurrency News

Burning Binance Coin tokens and launching Tron 4.0. July main events

In the next month, several events will happen on the cryptocurrency market at once, which can affect both the value of individual coins and their total capitalization. Launch TRON 4.0 At the end of May 2020, the imminent launch of TRON 4.0 was announced. This update should be a “turning point” for the project, said its founder Justin Sun. Confidential smart contracts will appear on the TRON network, the block confirmation time will be reduced…

Symbol has created a blockchain solution for tracking wine supply chains

Symbol has developed a blockchain solution that will help winemakers track raw materials and products at every stage of production and the supply chain, as well as fight fraud. The NEM project, which was renamed Symbol earlier this year, recently announced the launch of a new solution on the blockchain, which is designed to track raw materials and products in the production and supply chains of wine. Symbol was developed as an enterprise-friendly blockchain that…

Bank of Japan is exploring the possibility of issuing state cryptocurrency

The Bank of Japan will create a proof of concept (PoC) for the digital yen to assess the feasibility of issuing state cryptocurrency from a technical point of view. According to a recent report, the Bank of Japan “will test the possibility of issuing state cryptocurrency from a technical point of view, and will work with other central banks and relevant institutions to explore the possibility of issuing a digital yen.” However, the final schedule…

BTC miners’ earnings in dollars fell 23% in June

Bitcoin miners’ revenue in dollar terms fell in June by 23% due to a reduction in the size of commissions and a decrease in block rewards to 6.25 BTC. At the same time, the drop in income was partially offset by an increase in the exchange rate. According to CoinMetrics data analysis, Bitcoin miners earned $ 281 million in June compared with $ 366 million in May. According to reports, many miners immediately sell mined…

Bolt Labs is developing a protocol for anonymous payments on the Tezos blockchain

The cryptocurrency startup Bolt Labs, together with Nomadic Labs and Metastate, is developing the zkChannels protocol for anonymous micropayments on the Tezos blockchain. According to the developers, zkChannels is a network-independent protocol with which you can make cheap and anonymous transactions between buyers and sellers “in the style of Lightning Network”. The solution is planned to be implemented in the Tezos blockchain next year. To ensure a high level of confidentiality, data in zkChannel will…

Kyber Network Token Price Updates Highs Before Protocol Update

The price of the KNC token increased by 29% per day to $ 1.54 in anticipation of the Katalyst protocol update scheduled for next week. Now the price has adjusted to $ 1.45. The decentralized financing boom (DeFi) is not slowing down. Today, the price of the Kyber Network token (KNC) was $ 1.54, showing a 29% increase per day. Apparently, the price increase is due to the Katalyst update in the Kyber Network protocol,…

EU gives grants for $ 5.6 million to social projects on the blockchain

The European Innovation Council has issued grants for $ 5.6 million to six projects using blockchain to solve critical social problems. This week, the European Innovation Council (EIC) issued grants of $ 5.6 million to six blockchain projects under the blockchain for social welfare program. “Six winners were selected during the contest, which determined the best scalable, deployable and effective solutions on the blockchain for social tasks,” the organizers explained. Solutions include blockchain applications focused…