Bitcoin sell pressure risk as $1.7B in dormant BTC moves over 2 days
The movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, according to an onchain analyst.
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Crypto Tycoon Winklevoss Brothers Obtain Six Stablecoin Patents
Tyler and Cameron Winklevoss, the founders of the Gemini cryptocurrency exchange, have obtained six stablecoin-related patents, according to filings with the United States Patent and Trademark Office. Three of the patents — the first, second and the fifth on the list — all describe systems for changing the supply of a public blockchain-based stablecoin. The first…
Crypto art piece sells for $130K at Christie’s auction house
The NFT is "a symbolic expression of Satoshi’s vision, forged out of the very code that lies at the genesis of it all." 1426 Total views 24 Total shares Christie’s auction house has announced the sale of a digital portrait of the Bitcoin code for more than $130,000.It marks the first time a non-fungible token…
Singapore Fintech Association to Give Startups Access to R3 Corda
The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. 434 Total views 7 Total shares The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain.In an announcement on…
CryptoBridge Decentralized Exchange Shuts Down Citing Regulations, Markets
The decentralized cryptocurrency exchange (DEX) CryptoBridge announced that it is closing down in a message on its website.In the announcement, the exchange warns users that all of the firm’s services and servers will terminate after Dec. 15. Users will be able to withdraw funds from the exchange until the last day of operation, but deposits…
Report: Malware Targets Israeli Fintech Firms Working in Crypto, Forex Trading
Israeli fintech companies that work with forex and crypto trading are being targeted by malware, according to a blog post from threat research department Unit 42 of cybersecurity company Palo Alto Networks published on March 19.Per the report, Unit 42 first encountered an older version of the malware in question, Cardinal RAT, in 2017. Since…
BCH Post Halving: Two Hour Blocks, Hash Rate Hit
Not even a day has passed since the Bitcoin Cash halving and already the hash rate has taken a hit and block generation slowed significantly.Many predicted that at least some miners would abandon BCH and move to more profitable coins like Bitcoin (BTC) after their rewards were halved from 12.5 to 6.25 BCH. But as…
Simba Chain Wins Another Contract From US Department of Defense
Simba Chain, a cloud-based smart contract startup, is building a blockchain data management system for the U.S. Department of Defense. 756 Total views 20 Total shares Simba Chain, a blockchain startup backed by the Defense Advanced Research Projects Agency (DARPA), has won another contract from the United States government. A long-established favorite of the U.S. military…
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool. Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by…