Dogwifhat, Popcat lead 7-day crypto slump, traders eye Oct breakout

Nexus Mutual is now allowing users to cover their centralized exchange accounts. 3403 Total views 10 Total shares DeFi coverage protocol Nexus Mutual expanded the list of centralized exchanges eligible for incident protection. Users trading on Binance, Kraken, Coinbase and Gemini are now able to buy protection in the event of an exchange hack or…

The previous all-time high in daily transactions was recorded in 2018. Daily transactions on the Ethereum blockchain have just recorded a new all-time high amid the general surge of congestion on the network.On Sept. 17, the amount of daily transactions on the Ethereum network amounted to 1,406,000, according to data from major Ethereum browser Etherscan.…

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The Central Bank of Brazil made some waves last week with its new instant payment system. While not blockchain-based, the new system, dubbed PIX, nevertheless is imbued with some of blockchain’s core attributes.Money transfers have historically been slow, cumbersome and expensive. For example, Bank A takes its fee when a payment is sent and Bank…

Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more.The CEO and “Technoking” of Tesla was accused of pouring “jet fuel” on the GameStop short-squeeze at a…

The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic. The FDA-approved Coronavirus ventilator manufacturer Boyce Technologies has been targeted by ransomware launched by the DoppelPaymer gang, who are  threatening to leak data from the company.Cointelegraph has viewed the DoppelPaymer blog, where the gang lists example files of the…

Another exchange in South Korea comes under the police spotlight. 3231 Total views 2 Total shares Seoul police have reportedly raided Bithumb, the largest cryptocurrency exchange in South Korea.According to a report by local publication Seoul Shinmun, an intelligence crime unit at the Seoul Metropolitan Police Agency has reportedly conducted search and seizure investigations at…

Blockchain is transforming the financial industry right before our eyes, with many market onlookers anticipating a complete replacement of existing payment, trading and banking infrastructures. Blockchain and finance seem like the perfect match, but there are other sectors, for which the technology may play a game-changing role. For one particular industry, the latter adjective isn’t…

Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20.