Transactions

Tether market cap surpasses $17 billion, fueling Bitcoin price rally

According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets. Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap saw nearly a four-fold increase since the beginning of the year, surging above $15 …

Tether market cap surpasses $17 billion, fueling Bitcoin price rally Read More »

Coinbase, Gemini and others join forces to combat human trafficking

Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools to fight trafficking. The ATCC brings together crypto exchanges, blockchain intelligence firms …

Coinbase, Gemini and others join forces to combat human trafficking Read More »

China’s digital yuan pilots have processed $300M so far, says PBoC head

The governor of China’s central bank has given more details about the country’s ongoing digital currency pilot.  Yi Gang, governor of the People’s Bank of China, said that the digital yuan pilots have processed over four million transactions to date, totaling more than 2 billion yuan ($299 million). The official delivered his latest remarks at …

China’s digital yuan pilots have processed $300M so far, says PBoC head Read More »

Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><div id=”bitcoin-1816264271″><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/419836″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/728×90.jpg” alt width=”728″ height=”90″></a></div></div><strong>While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network …

Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution Read More »

Unconfirmed transactions on Bitcoin network at highest level since 2017

The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions. According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017 when Bitcoin hit $20,000. The …

Unconfirmed transactions on Bitcoin network at highest level since 2017 Read More »

10% of Bitcoin’s supply has been untouched for over 10 years: report

A significant amount of Bitcoin’s (BTC) total supply has not moved for 10+ years, according to data from cryptocurrency analytics data provider Glassnode. During this decade-long interim, 1.8 million bitcoin (of the current 18.5 million supply) have been locked in dormant Bitcoin addresses. Their cumulative value amounts to more than $23 billion at time of publication, …

10% of Bitcoin’s supply has been untouched for over 10 years: report Read More »

$22M in Bitcoin moves from Huobi to OKEx despite withdrawal freeze

Large Bitcoin (BTC) transactions from Huobi cryptocurrency exchange are moving to OKEx despite the latter having temporarily suspended crypto withdrawals. According to data from crypto tracking service Whale Alert, a total of 1,995 BTC ($22.5 million) was sent from Huobi to OKEx shortly after OKEx officially announced it was suspending withdrawals on Oct. 16. The funds …

$22M in Bitcoin moves from Huobi to OKEx despite withdrawal freeze Read More »

Starbucks and McDonald’s reportedly not testing China’s digital yuan

American fast-food giants like Starbucks and McDonald’s are reportedly not participating in China’s ongoing digital yuan tests. According to an Oct. 14 report by news agency Sina Finance, China’s central bank digital currency, or CBDC, is still being piloted on a “small scale,” primarily involving the retail and catering industry. As reported, a number of …

Starbucks and McDonald’s reportedly not testing China’s digital yuan Read More »

Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow

The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections. Aida Karabaeva, an official representative of the National Bank of the Kyrgyz Republic, announced a temporary suspension of SWIFT in Kyrgyzstan in a statement on Oct. 7. According to Karabaeva, the bank …

Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow Read More »

KuCoin hackers keep moving stolen tokens to the largest DeFi exchange

After a major hack at KuCoin cryptocurrency exchange, cybercriminals continue to move stolen crypto to decentralized exchanges, or DEXes. According to data from crypto transaction tracking service Whale Alert, KuCoin hackers keep sending thousands of dollars worth of Synthetix Network Token (SNX) to Uniswap — the largest decentralized finance (DeFi) protocol by total value locked. …

KuCoin hackers keep moving stolen tokens to the largest DeFi exchange Read More »