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News and Articles by Diana



Bitcoin

BTC number on exchanges fell to a lowest since November 2018

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A report from the Glassnode platform says that the number of bitcoins on cryptocurrency exchanges dropped to a new low earlier this week. At the moment, 2.61 million BTC are stored on trading floors, the lowest volume since November 24, 2018. Researchers remind that at the beginning of March until...

Mining

Illegal miners charged with $1.5M in electricity theft

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Bulgarian law enforcement authorities arrested two men who secretly plugged mining equipment into the power grid. According to local media outlets, the hidden miners were charged with stealing electricity worth $ 1.5 million. The operation to arrest them was carried out in the small Bulgarian town...

Steem Hive

The hard fork of Steem and the creation of Hive

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Justin Sun, who has an ambiguous reputation in the crypto community, became a figurant in another scandal - he decided to take charge of the Steem blockchain and use it for his purposes. That is how users of Steemit interpret his actions, a decentralized blogging platform similar to Reddit, which...

Sichuan

Hashrate of Chinese mining pools fell amid prolonged rains

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The prolonged rainy season in Sichuan has led to a sharp drop in the hash rate of the largest Chinese mining pools. More than half of the computing power used for bitcoin mining is currently concentrated in this region. Since last week, the region has been raining heavily, which has already led to...

Peter Schiff

Peter Schiff reiterates Bitcoin has no future

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Euro Pacific Capital CEO Peter Schiff continues to criticize Bitcoin despite the recent surge in cryptocurrency to $ 12,000. On Twitter, the financier periodically publishes posts criticizing BTC and calls it a pyramid scheme. At the end of last week, Schiff posted another post in which he noted...

DeFi

DeFi blocked funds exceeded $6 billion

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According to the analytical resource DeFi Pulse, $ 6 billion worth of cryptoassets is currently blocked in decentralized finance (DeFi) smart contracts. Back on Friday, August 14, this figure was $ 5 billion. The leading projects are Maker, Aave, and Curve Finance, with a total amount of blocked...

MyEtherWallet

MyEtherWallet adds support for Ren and Aave DeFi protocols

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The MyEtherWallet (MEW) wallet is expanding its integration with Decentralized Finance (DeFi). On Thursday, August 13, the wallet developers announced the integration with the Aave and Ren projects - they will use the MEWconnect system. MEWconnect is a wallet linking system that was designed...

Bill Barhydt

Abra CEO: The US government promotes the spread of bitcoin

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The policy of the US authorities creates conditions for the large-scale distribution of bitcoin, according to the CEO of Abra, Bill Barhydt. He expressed his point of view during a conversation with Morgan Creek co-founder Anthony Pompliano. The attempt by the US government to give a boost to the...

Steem and Hive

What Are Steem and Hive?

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What is Steem? Steem blockchain was created to power the Steemit network. Steemit is trying to change how social media works. Unlike platforms like Facebook, where users are not paid a financial reward for the content they create, Steemit rewards the content...

Ethereum

Ethereum fees decline amid DeFi collapse Of Yam Finance

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Ethereum transaction fees recently hit a new high. However, the collapse of the Yam Finance crypto project, deployed in the DeFi ecosystem, caused the cost of operations to fall. According to the ETH Gas Station service, Ethereum commissions are now about 60% lower than they were in the middle of...

Mike Belshe

BitGo CEO to investors: "Invest up to 3% of capital in BTC"

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According to BitGo CEO Mike Belshe, each investor needs to invest up to 3% of their capital in bitcoin. This expert expressed his position on Twitter and stressed that in addition to BTC, you could buy gold. My dry cleaner called today to tell me they are out of business and I had to pickup. This...

Ether

Ethereum hashrate hits 20-month high

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The DeFi market for decentralized financial services continues to expand quickly. Recently, the capitalization of tokens of the ecosystem deployed on Ether exceeded $4 billion. The growth of the decentralized finance market is driving the demand for transaction processing on the Ethereum network....

Coinbase

Coinbase will offer Bitcoin-backed loans

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Cryptocurrency exchange Coinbase plans to enter the crypto lending market. Coinbase customers in some US states will be able to obtain fiat using BTC as collateral. At launch, Coinbase plans to support 17 states. A Coinbase spokesperson told the lending service is going to launch in the fall....

Coinbase CEO

Coinbase left Blockchain Association after Binance joined it

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Cryptocurrency company Coinbase withdrew from the American Blockchain Association after the Binance US exchange joined it. “It is with great disappointment that I announce my immediate withdrawal from the Blockchain Association,” wrote Coinbase's Hermine Wong. "This means Coinbase is...

Lukashenko

How Lukashenko's re-election will affect crypto?

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Immediately after the re-election of the incumbent President of Belarus Alexander Lukashenko, a wave of rallies swept across the country. Residents of the country protested against the election results and accused the authorities of falsifying the ballots. However, many crypto experts believe that...

Bitcoin

Bitcoin hashrate recovers after a sharp drop last week

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Computing activity on the bitcoin network has begun to recover after falling last week. On Tuesday, August 11th, BTC hashrate exceeded 124.6 exahsh per second (EH/s), the highest since the end of July. The hash rate dropped to 119.8 EH/s last week. Despite small fluctuations, in general, throughout...

David Marcus

Libra co-founder will lead Facebook's financial division

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Facebook has unveiled a new financial unit called Facebook Financial, which is going to be directed by the co-founder of the Libra blockchain project David Marcus. “Today, we are creating a new group that will monitor everything related to payments / financial services on Facebook,” said...

Coinbase

Coinbase Increases ETC Deposit Confirmation Time To 2 Weeks

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The Ethereum Classic (ETC) network had two 51% attacks in a week. In this regard, the Coinbase cryptocurrency exchange has increased the confirmation time for ETC deposits to two weeks. Currently, 80,640 confirmations are required to deposit ETC on Coinbase. Most of the coins supported by Coinbase...

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