Category Archives: Technical

Bitcoin Crashes 10% To $7,000 After Analysts Called For A Pullback

Volatility is back, that’s for sure. In the past 20 minutes, Bitcoin (BTC) has slipped at $7,800, wicking to $6,600 on Bitstamp as a result. It is rumored that this sell-off was a result of a massive sell order placed on Bitstamp, as made evident by the fact that during this dump, there has been … Continue reading Bitcoin Crashes 10% To $7,000 After Analysts Called For A Pullback

Amazon Wins Patent for Proof-of-Work Cryptographic System

Tech giant Amazon has been granted a patent for various techniques to build a proof-of-work (PoW) cryptographic system similar to those used by blockchains such as bitcoin. First filed in December 2016 and awarded Tuesday by the U.S. Patent and Trademark Office (USPTO), the patent outlines how Merkle trees can be generated as a solution to a … Continue reading Amazon Wins Patent for Proof-of-Work Cryptographic System

Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

A New York judge ordered crypto exchange Bitfinex and its affiliated stablecoin issuer Tether to turn over documentation about a loan and a line of credit Tether provided to Bitfinex. Judge Joel Cohen, of the state’s Supreme Court, echoed comments from a preliminary hearing held last week in New York City in an opinion published late Thursday, ordering … Continue reading Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

World Bank, CommBank Team Up for ‘World First’ Blockchain Bond Transaction

The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech. The institutions announced Wednesday that their successful recording of a secondary transaction for bond-i, a blockchain-operated debt instrument, on a distributed ledger shows the “vast potential” of the technology, and marks the first bond … Continue reading World Bank, CommBank Team Up for ‘World First’ Blockchain Bond Transaction

Opera Browser Adds TRON to its Native Crypto Wallet

TRON founder Justin Sun has been in the news recently through a number of events. Most famously, perhaps, the recent Tesla giveaway debacle raised the ire of the cryptocurrency community and may well have backfired against its original intention. However, the famous founder has also encountered a host of positive news bites regarding his blockchain platform TRON. … Continue reading Opera Browser Adds TRON to its Native Crypto Wallet

Within Minutes, Bitcoin Spikes 4% as Bitfinex Raises Staggering $1 Billion

At last, you can close CoinMarketCap, take a break from Crypto Twitter, and get off TradingView — Bitcoin (BTC) has finally downed a chill pill, albeit begrudgingly. Since peaking at $7,550 on Saturday, the cryptocurrency has fallen to $7,000 and has set up shop there for the time being. But, as Bitfinex CTO Paolo Ardoino announced the … Continue reading Within Minutes, Bitcoin Spikes 4% as Bitfinex Raises Staggering $1 Billion

Joseph Lubin on Ethereum 2.0: ETH to Become 1,000 Times More Scalable Within 24 Months

Ethereum (ETH) co-founder Joseph Lubin said that the Ethereum blockchain will become about 1,000 times more scalable in 18 to 24 months. Lubin made his remarks during an interview with Cointelegraph on May 11. Lubin specified that the development which will bring such a drastic scalability increase to the ecosystem will be Ethereum 2.0, also called Serenity. He explained that the … Continue reading Joseph Lubin on Ethereum 2.0: ETH to Become 1,000 Times More Scalable Within 24 Months

Ethereum’s Reddit Moderators Resign Amid Controversy

Taylor Monahan, the CEO of crypto wallet startup MyCrypto, has been moderator for the ethereum subreddit channel since 2016. That year, the ethereum Reddit channel was just breaking over the 10,000 subscribers mark, according to SubRedditStats. Today, the same channel boasts over 400,000 subscribers and is ranked within the top 600 most popular channels on Reddit. … Continue reading Ethereum’s Reddit Moderators Resign Amid Controversy

Hacked Crypto Exchange Binance to Resume Deposits and Withdrawals on Tuesday

Binance CEO Changpeng Zhao has announced that the crypto exchange plans to resume deposits and withdrawal services on Tuesday. He wrote in a brief update: Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of … Continue reading Hacked Crypto Exchange Binance to Resume Deposits and Withdrawals on Tuesday

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

The U.S. Senate Banking Committee is clearly concerned about Facebook’s new cryptocurrency project and how it is treating individuals’ financial information. The banking committee wrote an open letter to Facebook founder and CEO Mark Zuckerberg Thursday, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy. “Last year, Facebook asked U.S. … Continue reading US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project