Blockchain News


Arrest

Huobi cryptocurrency exchange scammers arrested in China

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Chinese law enforcement officers arrested a group of scammers who impersonated employees of the Huobi cryptocurrency exchange. Local news outlet Jinse reports that police detained 12 people. These people, through various cryptographic groups on WeChat, spread calls to invest in some kind of...

Binance

China approves Binance listing in the national domain zone

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Cryptocurrency exchange Binance registered a domain name through the government of China. In April, the Ministry of Industry and Information of China approved the domain name Binance.cn. The domain name is registered with Shanghai Bi Nai Shi Information Technology (the name says Binance...

Hack

Hackers attacked supercomputers in Europe for mining plans

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Hackers tried to crack supercomputers in European countries last week to use their power to mine crypto. Entire clusters of supercomputers were stabbed in several countries, such as Germany, the UK, Spain, and Switzerland. Hackers tried to crack mainly university machines. Last Monday, the press...

Russia blockchain voting

Russia wants to create a blockchain system of remote voting

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Blockchain technology has proven its reliability by the example of cryptocurrencies, and therefore, on its basis, you can create a remote voting system. This was stated by Russian State Duma deputy Anton Gorelkin. On Wednesday, May 13, the State Duma adopted amendments to legislation allowing...

FATF

East Asia is most prepared to implement FATF principles

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CoolBitX founder Michael Ou says Asian countries are leading the way in introducing a “travel rule” for the FATF, which should be offered no later than June 2020. CoolBitX itself has developed a solution to implement the travel rule called Sygna Bridge. It allows exchanges to communicate with...

Durov

Telegram officially abandoned TON and Gram tokens

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In a message dated May 12, Telegram CEO Pavel Durov announced that after a long struggle with the SEC, his company officially terminated its participation in the TON and Gram projects, which were launched in 2017. In his post entitled “What is the TON project, and why was it stopped?” Durov...

Youtube

YouTube disabled live streaming of Cointelegraph

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YouTube video hosting has disabled the live streaming of the halving process hosted by the Cointelegraph website. The Cointelegraph intended to broadcast live the third BTC halving, which took place on May 11 at 2 PM Central Time. Before the interruption of the broadcast on YouTube, Tim Draper,...

Buterin

Ethereum 2.0 will be launched in July

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At the Consensus: Distributed conference on Monday, May 11, Vitalik Buterin announced that the launch of Ethereum 2.0 is going to begin in July. The update, also known as Serenity, has been repeatedly delayed. It was incipiently planned for January 2020, then moved to the second quarter, and then...

New York City District Court

The court made Telegram report on all transactions of Grams

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The New York City District Court inquired Telegram to present the SEC with all information about the placement of the Gram digital currency. Pavel Durov’s advocates and delegates of the US regulator will meet to discuss the terms of transaction disclosure between the organization and investors....

SEC

Telegram agreed to transfer part of TON documents to SEC

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The team of Pavel Durov agreed to transfer part of the documentation about his crypto project Telegram Open Network for consideration by the SEC. That was reported the day before by business media concerning the press center of the American regulator. Reporters learned that Telegram is ready to...

TON

American TON investors won't get 110% refund in 2021

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The team of Pavel Durov decided to ban American investors from participating in the TON crypto project for another year. In specific, it was stated that Telegram sent a letter to American investors, in which it stated that they could not remain for another year in the TON project. Thus, US players...

Changpeng Zhao

Binance blamed competitors for DDoS attacks on the exchange

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The head of Binance reported that today the "competitors" carried out targeted DDoS attacks on the platform in his Twitter. Earlier today, our Chinese domains experienced targeted DDoS attacks, and users saw some lag and interruption of network access. Based on the attack pattern, it...

Tencent blockchain accelerator

Chinese giant Tencent launched own blockchain accelerator

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Tencent technology company plans to oversee the development of 30 companies as part of the launched blockchain accelerator. It is reported by The Block. Participants can be both start-ups and existing companies. The selection criterion is the presence of at least one completed round of financing...

BitMex Japan

BitMEX will limit access to its platform for Japanese users

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Seychelles crypto derivatives exchange BitMEX will soon prohibit all users from Japan to use their platform. On Tuesday, April 28, the exchange announced that since April 30 it plans to restrict access to its platform for residents of Japan and prohibit existing users from placing orders from May...

Sichuan

China aims to use excess hydropower in blockchain industry

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The authorities of Ya'an, one of the cities in the Chinese province of Sichuan, issued a guide on the use of “strategic opportunities in the blockchain industry," which include the use of excess hydroelectricity. In December, China accounted for 65% of the world's bitcoin hashrate, and the...

Pulse social platform

Bitfinex launches Pulse social platform for its users

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The Bitfinex crypto exchange has launched a social platform called Pulse for its users. Pulse allows Bitfinex customers to share info. “The concept of a social network for traders is certainly not new. What sets Pulse apart from others is the quality of the content available, ”said Paolo...

Binance team

The number of Binance employees has grown from 50 to 1000

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Binance was established in 2017, and since then the number of its workers has grown 20 times, breaking 1000. Yi He said in an interview: “When Binance began work in 2017, there were less than 50 workers. Today we have more than 1000 employees, and we accept new people every day.” Binance ICO...

Cuba

The first decentralized Bitcoin exchange launches in Cuba

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In early April, Italian-Cuban entrepreneur Mario Mazzola developed and expanded a decentralized p2p bitcoin exchange in Cuba. Cryptocurrencies are currently not banned in Cuba. Most global companies shy away from this country due to US sanctions. Mazzola told the media that the Qbita crypto...

Few of us know that the technology named blockchain, that is so widely spread nowadays, was described back in 1991 by the group of researchers. It couldn’t find practical usage over 2 decades before 2009 when mysterious Satoshi Nakamoto used the technology as the basis of his invitation: the Bitcoin. But what is blockchain, how it works and what problems does it solve? There are a lot of definitions and explanations of this technology but ‘the distributed and open ledger’ describes it the best. Keeping the same information on each node of the network item and checking the compliance while adding any new block, makes blockchain almost absolutely secure and trustworthy. Not drowning in technical details too much we should say that right now blockchain is changing the traditional financial system. Thanks to this technology P2P transactions are reality nowadays. Democratic governments are implementing blockchain in more and more fields of public administration and this is just the tip of the iceberg.

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