Category Archives: Cryptocurrency News

The developer proposed to “reset” the state of the Ethereum blockchain for scaling

The Ethereum developer has proposed introducing stateless clients into the current version of Ethereum to scale the network with minimal security damage. The amount of account balances supported by network nodes, called state, continues to increase as applications and projects interact. An independent developer Alexei Akhunov may have a solution to this problem, the idea of ​​which he borrowed from the Cosmos project. The new proposal, dubbed ReGenesis, was published on EthResearch in June. It…

Grayscale Increases BTC and ETH Shares in Digital Large-Cap

Grayscale Invesments rebalanced the Digital Large-Cap fund, which includes cryptocurrencies with a large market capitalization. The shares of BTC and ETH are increased due to XRP, BCH and LTC. On Twitter, the investment company reported that the share of bitcoin in the fund increased by 0.5% and now amounts to 81.5%. The share of ether increased by 2.1% and now it occupies 11.7% of the fund. The shares of XRP, BCH and LTC decreased by…

SEC and CFTC fined Abra $ 150,000 for unregistered sale of cryptocurrency swaps

US regulators accuse Abra startup of unregistered sale of crypto assets securities swaps. Abra fined $ 150,000. According to a press release from the U.S. Securities and Exchange Commission (SEC), using the Abra crypto-investment application, users entered into contracts that provide access to the dynamics of stock prices and traded exchange-traded funds (ETFs), as well as concluded trading transactions through the blockchain. With the help of the U.S. Commodity Futures Trading Commission (CFTC), the SEC…

Kraken report: BTC correlation with S&P 500 grows, but with gold – falls

According to the latest report from the Kraken cryptocurrency exchange, a 31% drop in bitcoin trading in June led to BTC’s annual volatility reaching a six-month low. According to Kraken in its report, June was the most unremarkable month on the Bitcoin trading market since February. The lack of activity on the market led to a decrease in trading volume on the exchange to a four-month low of $ 36.6 billion. Earlier this month, CryptoCompare…

LatamLink will combine Besu, EOSIO and ConsenSys technologies to develop LACChain system

LatamLink Latin American Alliance will combine Besu, EOSIO and ConsenSys technologies to develop the LACChain system, designed for use at the state and corporate levels. LatamLink was formed by EOS Costa Rica, EOS Argentina and EOS Venezuela block manufacturers for the expanded implementation of the EOS blockchain in Latin America. In addition, the Inter-American Development Bank (IDB), as well as private and public organizations in Latin America and the Caribbean, contributed to the creation of…

Cosco Shipping Tests Ant Financial Blockchain in Cargo Transportation

Cosco Shipping, one of the world’s largest container operators and carriers, is testing the Ant Financial corporate blockchain to increase the efficiency of operations. Earlier this week, Shanghai-based Cosco Shipping, one of the world’s ten largest container operators, confirmed that it intends to test Ant Blockchain to optimize its operations. This corporate blockchain was developed by Alibaba’s subsidiary Ant Financial. Cosco Shipping operates a fleet of 1,330 vessels with a total carrying capacity of just…

Losses of $ 1.4 billion over 5 months. Why people are left without cryptocurrency

In 2020, 98% of lost funds were stolen through fraud and fraud. We tell the main tricks of criminals and how to avoid serious financial losses. This year may be the second in history in terms of the number of crimes in the field of cryptocurrencies. According to Cipher Trace, from January to May 2020, over $ 1.36 billion in digital money was lost as a result of theft, hacking and fraud. Most of the…

Tata Consultancy Services Launches Cryptocurrency Trading Tool

Indian technology company Tata Consultancy Services (TCS) introduced the Quartz Smart Solution for Crypto Services, a cryptocurrency trading solution designed for financial institutions. TCS developers said that with this tool, banks and investment firms will be able to provide their customers with crypto assets trading services. The solution supports various cryptocurrencies and stablecoins, and can also connect to wallets with multi-signatures, exchanges and platforms for over-the-counter trading (OTC). Thanks to the decision, transactions will be…

LINK value continues to rise amid DeFi boom

The twelfth largest capitalization cryptocurrency Chainlink shows a record growth in its entire history. Yesterday LINK rose 20% to $ 5.8, and today its price has exceeded $ 6. According to CoinMarketCap, yesterday LINK price surpassed the historical maximum of its value of $ 5, recorded in March. However, this rally did not end there – over the past 24 hours the LINK price has grown by another 14% and now stands at $ 6.28.…

Arca Launches Ethereum Blockchain Regulated Investment Fund

The American company Arca has registered a new fund with the US Securities and Exchange Commission (SEC), whose shares will be issued as ArCoin tokens on the Ethereum blockchain. Arca, a digital asset investment company, has announced the launch of Arca U.S. Treasury Fund – a fund whose shares will be issued on the Ethereum blockchain as tokens of the ERC-1404 standard. At the same time, the investments themselves will be invested in short-term bonds…