Cardano starts testing migration of ERC-20 tokens to its blockchain

Cryptocurrency NewsBy 30/08/2021

Next week, a “converter” for ERC-20 tokens, a tool for migrating tokens to the Cardano network, will be launched on the Cardano test blockchain. During the latest Cardano 360 event, IOHK project manager Francisco Landino announced that the ERC-20 token converter will be rolling out to the testnet next week. The ERC-20 two-way token migration tool was first introduced in May and aims to enable users to migrate Ethereum-based tokens to and from Cardano. The…

Ethereum network split in two due to bug in Geth client

Cryptocurrency NewsBy 30/08/2021

The Ethereum blockchain forked into two competing chains after a bug in the Geth client appeared. About 54% of Ethereum nodes worked with the wrong chain. The bug affected version of Geth client v1.10.7 and earlier. According to Ethernodes, almost 75% of all Ethereum nodes were using them, so 73% of Geth nodes using outdated software risked separation from the network. This means that 54% of Ethereum nodes were vulnerable. Despite the fact that the…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 27/08/2021

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Crypto ATM Operators in the United States Cooperate to Combat Money Laundering

Cryptocurrency NewsBy 27/08/2021

US crypto ATM operators have formed the Cryptocurrency Compliance Cooperative (CCC) to improve security and AML compliance. The cooperative includes the following banks and organizations: Anti-Human Trafficking Intelligence Initiative, Chainalysis, CipherBlade, Coinsource, DigitalMint, Elliptic, Halo Privacy, Maya, Metropolitan Capital Bank, Palmera Consulting, Royal Business Bank, Surety Bank, The Knoble, Titan Bank and Trust Stamp. According to the CCC, in 2020, users lost about $ 500 million as a result of cryptocurrency fraud, and more than…

AriseCoin creator sentenced to five years in prison

Cryptocurrency NewsBy 27/08/2021

The creator of the AriseCoin cryptocurrency and the AriseBank platform, Jared Rice, who defrauded investors in the amount of more than $ 4 million, was sentenced to five years in prison. As stated on the website of the US Department of Justice, this was announced by the acting US Attorney for the Northern District of Texas, Prerak Shah. At the end of 2018, the CEO of the cryptocurrency platform AriseBank, Jared Rice, was arrested,…

Kraken plans to obtain a license to work in the EU in 2021

Cryptocurrency NewsBy 26/08/2021

The American cryptocurrency exchange Kraken plans to enter the European market by the end of 2021 and is working on obtaining a license to operate in the EU countries. According to Kraken CEO Jesse Powell, the exchange plans to obtain a license from EU regulators and is in separate negotiations with regulators in Malta, Luxembourg and Ireland, which are among Kraken’s priority markets. Powell clarified that the company has yet to make a decision on…

CNBC: One in 10 Americans Invests in Cryptocurrencies

Cryptocurrency NewsBy 26/08/2021

According to a survey by CNBC and Momentive, about 11% of US citizens invest in cryptocurrencies, mostly people under 35. The older generation considers investing in cryptoassets risky. CNBC and Momentive surveyed 5,530 Americans. It turned out that more men than women invest in cryptocurrencies (16% versus 7%), regardless of race and ethnic group. Crypto-assets are popular among young and middle-aged people: from 18 to 34 years old (15%), from 35 to 64 years old…

Alonzo hard fork: all about Cardano update with smart contract support

Cryptocurrency NewsBy 25/08/2021

The Cardano Alonzo update brings the network closer to realizing its full capabilities. What is the essence of the update and what stages is it divided into? The Alonzo hard fork is a major update to the Cardano network, which will activate the long-awaited smart contract feature. After the upgrade, any user will be able to create their own smart contracts on the Cardano blockchain. This opens up opportunities for the creation of decentralized applications…

ACCC: in the first half of the year, investors lost 44% more from BTC fraud than in the entire 2020

Cryptocurrency NewsBy 25/08/2021

According to the Australian regulator, in the first half of 2021, investor losses from bitcoin fraud reached 25.7 million AUD, compared to 17.8 million AUD for the entire 2020. The Australian Competition and Consumer Protection Commission (ACCC) reported that in the first half of 2021, local residents lost more than 70 million Australian dollars on investments in various pyramids, as well as in fraudulent investment and cryptocurrency projects. This figure significantly exceeds the figures for…

Deloitte survey: “crypto assets will become an alternative to fiat currencies within 10 years”

Cryptocurrency NewsBy 23/08/2021

According to research by Deloitte, blockchain and cryptocurrencies have great potential in business, but there are obstacles to their adoption. Deloitte’s annual global survey of blockchain and cryptocurrencies among financial professionals showed that 76% of respondents believe that digital assets “will become a strong alternative or complete replacement for fiat currencies in the next 5-10 years.” Deloitte is one of the “big four” consulting firms, along with KPMG, EY and PwC. The company has been…

Category Archives: Cryptocurrency News