Technology

Bitgrin Minted Billions of Tokens Despite 21M Supply Cap, CoinMarketCap Warns

The Bitgrin (XBG) network appears to have minted billions of tokens, despite a declared max supply limit of 21 million XBG. On June 4, leading cryptocurrency information website CoinMarketCap warned its followers about the anomaly on Twitter. The announcement reads: “Alert Issued: We have received reports that billions of XBG were minted despite having a …

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Japanese Cryptocurrency Exchange Leads National Digital Payments Study

Digital asset exchange DeCurret is leading Japan’s three megabanks in a new study group to look into developing a national digital settlement infrastructure. Convening with the oversight of the central bank and the country’s financial watchdog — the Financial Services Agency (FSA) — Decurret said on June 3 that the group would seek to define …

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Volatility: $230M in BitMEX Liquidations Hit Bulls and Bears Alike

The recent volatility in the Bitcoin (BTC) markets has left both bulls and bears facing significant liquidations, with almost $223 million in 24-hour margin calls on leading derivatives exchange BitMEX being evenly spread between BTC shorts and longs. As of when this story was published, a little over $111.5 million, or 50.04% of the total …

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Indian IT Giant Tech Mahindra to Offer Blockchain Certification Courses

Leading Indian technology company Tech Mahindra has partnered with edtech startup Idealabs to offer blockchain certification courses. The certification course will be offered as a combination of live online and in-person, on-campus classes. Students enrolling for the course will learn about blockchain foundations, Ethereum, smart contracts, decentralized apps and Hyperledger Fabric, among other topics. The …

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Bitmain Launches New T19 Bitcoin Miner After S17’s Troubled Launch

World-leading mining hardware producer Bitmain launched its new Antminer T19 Bitcoin Mining application-specific integrated circuit (ASIC). According to a June 1 announcement, Bitmain’s new Antminer T19 features a SHA256 hash rate of 84 terahash/second with a 3% error margin and a power efficiency of 37.5 joules/terahash with a 5% error margin.  The new ASIC model …

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3 Common Compliance and Regulatory Pitfalls to Watch for in 2020

Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a “Wild West” culture emerged when regulators, uncertain on how to tackle this thing called blockchain, paid little attention to the thefts, scams and hacks plaguing the virtual-asset …

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Ethereum Significantly Less Private Than Bitcoin, New Research Shows

A paper published on May 29 by Ferenc Béres and a team of primarily Hungary-based researchers analyzed the Ethereum blockchain to find out how easily its transactions can be de-anonymized. The research, which has not yet been subjected to peer review, focused on several Ethereum-specific features that overall make the network easier to track than …

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Electroneum to Launch Electricity Top-Ups Across Africa

The blockchain-based digital payment project, Electroneum, will be launching an in-app electricity top-up feature across four African countries — Nigeria, Senegal, Mali and The Gambia. The electricity top-up feature will allow ETN app users to top-up their electricity meters directly from the app by paying in ETN tokens.  The ETN mobile application previously added support …

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Ledger, Trezor and Others: Hack Allegations Are Baseless, Lack Proof

According to a report by an online monitoring web portal, Under the Breach, a hacker was able to penetrate the privacy protocols of major firms such as Trezor, Ledger and Bnktothefuture on May 24 and walk away with a host of sensitive customer data, including email addresses, home addresses and phone numbers.  The documents posted …

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$9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit

Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” Bitcoin Cash proponents are now waiting for the completion of the codebase audit, as the …

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