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The billion-dollar cryptocurrency space is no stranger to hype, as it is considered a factor that increases crypto prices. While this may be, hype generated from major centralized crypto exchanges may actually be creating more harm than good for users involved with certain community-based projects. For example, Web3 Foundation’s flagship project Polkadot aims to enable
A cybersecurity firm has unearthed a monero mining script embedded in a public instance of an Amazon Web Service (AWS) virtual machine. Now the firm is raising the question: How many other community Amazon Machine Instances (AMIs) are infected with the same malware? Researchers at Mitiga revealed in a blog post today that an AWS
Bitcoin (BTC) is an essential investment as the world is about to face a “major banking crisis,” popular author Robert Kiyosaki has warned. In a tweet on Aug. 21, the author of “Rich Dad Poor Dad” told followers that there was no time to “think about” investing in safe havens. “Major banking crisis coming fast”
Blockchain-based payment platform Metal Pay has acquired the multifunctional EOSIO platform, Bloks.io. The binding letter for the acquisition was signed earlier this week, Metal Pay representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed. Originally launched as a simple block explorer for EOS (EOS), Bloks.io has expanded into a
Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis. The report states that over 44% of crypto transactions in East Asia are conducted with counter-parties within the region, making it “the closest we have
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as … read
Rachel-Rose O’Leary is a cryptocurrency writer and trainee C++ developer at PolyTech. Currently a contributor to CoinDesk and the Defiant newsletter, she has written about cryptocurrency since 2015. She holds an MA in digital art and philosophy. These days I spend most of my time tweaking the code of a bitcoin wallet that runs in
A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.” Grayscale predicts that demand for Bitcoin will significantly grow as inflation accelerates, highlighting the need for a scarce monetary commodity, bolstering the use-case of the cryptocurrency.
Rumors of the death of the Medalla testnet have been greatly exaggerated says Prysmatic Labs’ editor Raul Jordan, who adds that despite the mishap, the launch timetable for ETH 2.0 remains on track. Medalla — the final multi client testnet before ETH 2.0’s phase 0 launch — came to a shuddering halt on August 14
Ethereum Classic (ETC) accelerator Ethereum Classic Labs announced a plan to protect the blockchain from further attacks. On Aug. 19 the organization proposed taking immediate action in implementing long-term changes to the network architecture over the next three to six months. The accelerator decided to focus their efforts on improving the network’s security after recent
The businessman behind Akon City, the 2,000-acre crypto project in Senegal ‘powered by’ Akoin tokens, has explained how the futuristic $6 billion city will work. Co-founded with singer Akon, the whitepaper for the Akoin cryptocurrency published in March, says it is a utility token aimed at the African market that powers “atomic swaps” between cryptocurrencies,
A spokesperson claims “there is no merit” to allegations against former Uber Chief Security Officer Joseph Sullivan, who is now facing charges of obstruction of justice and misprision of a felony. The Department of Justice (DoJ) alleges Sullivan tried to conceal the theft of private information for roughly 57 million users in a hack of
Bitcoin price recently set a new high for 2020 but has since pulled back to just under $12,000. However, the cryptocurrency is slightly “ahead of schedule,” according to a top crypto expert and former Google engineer. Because the asset is further beyond in its cycle “trajectory,” it could mean that there’s still more downside to
Bitcoin’s Lightning Network has reached a significant milestone. An important capacity limit meant to protect users of the nascent protocol is being tweaked, toppling a barrier to entry for companies looking to adopt the novel payment system. LND, a leading Lightning Network implementation from startup Lightning Labs, has announced it has adopted support for wumbo
Chainalysis contends that the new issuance of Tether (USDT) may dampen Bitcoin’s (BTC) bull run. In a weekly Market Intel newsletter, company’s chief economist Philip Gradwell said: Newly issued Tether arriving at exchanges can be used to buy Bitcoin just as much as existing Tether can be. But making this distinction shows that in the current