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Bitcoin hashrate declines amid storms in Sichuan

Bitcoin hashrate declines amid storms in Sichuan

Posted by  on  18/08/2020
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In the past week, the Chinese province of Sichuan, whose miners generate more than 50% of the hashrate of the Bitcoin network, was hit by storms. As a result, part of the cryptocurrency mining capacity was shut down. Storms in Sichuan are leading to power outages in some areas of the province, and some hydroelectric power plants are turning off generation to contain floods. It is equally important to disconnect communications in certain regions. According
Prysmatic Labs Developed Solution to Resolve Sync Bug on Medalla Testnet

Prysmatic Labs Developed Solution to Resolve Sync Bug on Medalla Testnet

Posted by  on  18/08/2020
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On August 14th, unplanned forks occurred on the Ethereum 2.0 testnet – Medalla. The Prysmatic Labs development team has found a solution to fix a bug that disrupted Medalla. Medalla’s testnet was launched on August 4th. Its goal is to enable the transition to a Proof-of-Stake (PoS) algorithm. About 26,000 validators joined the testnet, and users transferred over 830,000 ETH to the testnet. According to TrustNodes, on August 14, Medalla experienced unscheduled forks – the
SEC fined startup Boontech $ 150,000 for fraud and illegal ICO

SEC fined startup Boontech $ 150,000 for fraud and illegal ICO

Posted by  on  17/08/2020
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The US Securities and Exchange Commission (SEC) fined cryptocurrency startup Boontech $ 150,000 for providing false information to investors and conducting an unregistered ICO. According to the SEC, between November 2017 and January 2018, Boontech sold $ 5 million worth of Boon Coins. More than 1,500 American investors took part in the token sale. The Commission accused Boontech co-founder Rajesh Pavithran of selling unregistered securities and defrauding investors. According to the SEC, Pavitran provided false
BitMEX will begin to verify users

BitMEX will begin to verify users

Posted by  on  17/08/2020
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The popular cryptocurrency derivatives exchange BitMEX announced that on August 28, a user verification program will be launched on the site. According to an article in the company’s blog, users will be required to provide documents proving their identity and place of residence. Exchange clients will have 6 months to complete the verification procedures. The article says: “Retail customers will need to upload a passport photo and proof of address, take a selfie and answer
Waves Enterprise Developers Release New Node 1.3

Waves Enterprise Developers Release New Node 1.3

Posted by  on  14/08/2020
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Waves Enterprise developers have released a new version of node 1.3. Activating the update will expand the functionality of the main network and increase its performance by 30%. The new version of the site contains more than 20 improvements, but the developers have provided information only about the main changes. The v1.3 functionality allows you to run certain types of smart contracts in multiple threads, so they are executed in parallel. On average, this will
Thailands SEC Issues Four Licenses to UpBit

Thailand’s SEC Issues Four Licenses to UpBit

Posted by  on  14/08/2020
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South Korean cryptocurrency exchange UpBit has received four licenses from the Thailand Securities and Exchange Commission (SEC) to operate in the country. Due to uncertainties over the regulation of the cryptocurrency industry in South Korea, Upbit was forced to ban foreign traders from trading in fiat currencies. This was one of the reasons why the management of UpBit opened a new division in Thailand, having received regulatory approval. Thailand’s SEC has granted UpBit four licenses,
Apollo Fintech introduces NPP platform for settlements in government cryptocurrencies

Apollo Fintech introduces NPP platform for settlements in government cryptocurrencies

Posted by  on  14/08/2020
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The developers of the Apollo Fintech startup have presented the National Payment Platform (NPP) platform based on the blockchain, which will allow settlements with state cryptocurrencies. The developers explained that NPP is a cashless settlement system that central banks can use after issuing their own stablecoins. Government agencies will have the opportunity to interact with commercial banks and other financial institutions to conduct settlements in stable cryptocurrencies issued by central banks. The platform will allow
One-day: the DeFi YAM project that raised $ 76 million closed due to a bug

One-day: the DeFi YAM project that raised $ 76 million closed due to a bug

Posted by  on  14/08/2020
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The DeFi YAM project, which only the day before yesterday raised $ 76 million in the sale of tokens, today announced its closure due to a critical error in the code. YAM Finance has excellently illustrated the risks of the explosive growth of the decentralized finance industry. In the best traditions of the “instant” ICO of 2017, on Tuesday, in just an hour, the project raised more than $ 76 million, despite the developers’ warnings
The Block: Ethereum Miners Revenues Hit Two-Year High

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

Posted by  on  13/08/2020
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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 will issue loans secured by bitcoins in the US

Posted by  on  13/08/2020
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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