Blockchain News


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...

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...

Pavel Durov

Pavel Durov denied rumors about the sale of Telegram

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After Pavel Durov's team refused to implement the Telegram Open Network cryptocurrency project, reports appeared in the media that the sale of this popular messenger was allegedly being prepared. Recall that the project to launch the Gram token and the TON blockchain network was stopped due to...

Ethereum Classic

Ethereum Classic network hit 51% attack again

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The Ethereum Classic (ETC) network has undergone a 51% attack again. On August 6, Bitfly tweeted that its Ethermine mining pool has disabled ETC payments after reorganizing over 4,000 blocks. Today another large 51% attack occurred on the #ETC which caused a reorganization of over 4000 blocks....

Blockstream

Blockstream reveals a new version of the lightning network

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Last week, Blockstream released c-lightning 0.9.0, the latest version of one of the popular Lightning Network protocol implementations. The release was titled "Rat poison squared on steroids" (a reference to Warren Buffett's comment on bitcoin, which he called "rat poison...

US SEC

SEC plans to acquire tools for analyzing smart contracts

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The US Securities and Exchange Commission plans to acquire tools for analyzing smart contracts. On July 30, the regulator announced its intention to conclude a contract for the purchase of "tools for analyzing smart contracts in a distributed ledger." The SEC announced its interest in...

Huobi

Huobi announces launch of DeFi investment fund

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Huobi Group, the owner of the Huobi cryptocurrency exchange, is launching a new fund for investments in the Decentralized Finance (DeFi) market. Charlene Wu, who previously worked in the investment department of China Merchant Bank International (CMBI), a subsidiary of one of the largest Chinese...

Ethereum 2.0

Developers launched Ethereum 2.0 validator test platform

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Ethereum developers have partnered with Consensys and DeepWork Studio to release a "Launch Validator Platform" for the Medalla Testnet, which will launch on August 4th. The goal of the platform is to teach the self-staking process on the Ethereum 2.0 blockchain, which will run on the...

Hoskinson

Cardano will become the main competitor to Ethereum

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Cardano is planning to become the most attractive network for launching DApps soon. The intention to make the network the main competitor of Ethereum was told by its founder and CEO of IOHK Charles Hoskinson. On Twitter, he wrote that next year, the reputation of his project among DApps developers...

MakerDAO blocked funds

Funds blocked in Maker reached $1 billion

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The volume of funds blocked in the MakerDAO DeFi protocol reached $1 billion for the first time, strengthening the project's leading position in the decentralized finance market. This is evidenced by data from the DeFi Pulse. Over the past day, this figure has increased by 6.7%. Blocked funds have...

Zap startup Bitcoin

Lightning-solutions developer Zap raised $3.5 million

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The US startup Zap, as part of its investment round earlier this year, attracted $3.5 million in funding. The company disclosed relevant information in a report to the US Securities and Exchange Commission (SEC). Just out: Visa partner Zap secretly raised $3.5 million from the unicorn-maker behind...

Chinese government

Chinese government services use 140 blockchain applications

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According to Chinese media reports, the Beijing government is to publish a newsletter reflecting the use of blockchain tech in government services in China. According to him, government services are already using 140 apps running on the blockchain. Apps fall into three categories: data interchange,...

BitMEX

The parent company of BitMEX announces restructuring

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HDR Global Trading, the parent company of the BitMEX crypto derivatives exchange, announced the restructuring and creation of a new holding organization called the 100x Group. “100x will become the holding formation for HDR and assets, including the BitMEX platform,” said co-founder Arthur...

Brave browser

Fork of Brave changed name due to legal threats

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Braver, a fork of the Brave browser, announced a name change due to legitimate threats from the developers of the original project. Braver is now called Bold Browser. The controversy arose because the name Brave is too related to Braver. Brave CEO Brendan Eich confirmed that he intended to take...

US SEC

SEC introduces accelerated proposal review process

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The US SEC announced that it intends to simplify the application process for investment companies, which could also significantly accelerate decision-making on proposals from cryptocurrency and blockchain companies. On July 6, on its website, SEC announced that it had voted in favor of an...

Telegram

Telegram will disconnect TON test network by August 2020

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Even though in May 2020, Telegram stopped working on TON blockchain, the TON test network has been working for almost a year. On July 6, an official group of developers of the TON test network announced that it would stop supporting it. By August 1, the remaining validators of the TON test network...

Singapore

Singapore's blockchain ecosystem has grown by 50% since 2019

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Singapore’s blockchain ecosystem now has 234 companies. Such statistics were provided by a group of organizations, which also compiled a “map” with the logos of these companies. It turned out that since 2019, the number of blockchain companies has grown by more than 50%. The map, which was...

Localbitcoins

LocalBitcoins income up despite strict identification rules

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At the end of 2019, LocalBitcoins revenue added approximately 10%, amounting to $ 29.5 million. The data are presented in comparison with 2018, then the total income of the cryptocurrency platform amounted to $ 26.9 million. The company was able to improve its financial performance even though last...

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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