They’re following other central banks, including the European Central Bank, into studying virtual currencies. The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure. According to a statement, Eesti Pank partnered with technology companies SW7 Group and Guardtime for the research project. It…
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They’ve already gotten the police involved. As the fallout from the hack on its platform continues, KuCoin said it has identified suspects and have now officially involved law enforcement in the investigation. KuCoin CEO Johnny Lyu tweeted on Oct. 3 that the exchange now has substantial proof that identifies who hacked the service on Sept.…
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Check out this week’s Bad Crypto podcast. Bitcoin ends the week about 6 percent up, still beneath $11,000 but having set a record of 63 days above $10,000. Some traders are starting to find the digital coin’s stability boring. They’re looking for more excitement in altcoins and DeFi tokens. OMG network recently jumped more than…
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Is Ethereum’s recent accumulation an omen of prosperity? Miners and whales signal increased confidence in the coin’s long-term potential. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that regular users are returning to Ethereum in response to lower transaction fees. Several influential Ethereum cohorts — including miners and some of Ethereum’s…
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Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million. The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives. Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government…
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“Feature complete” final milestone before public launch unveils governance system for the first time. On Sep 30, DFINITY announced its final milestone release before the network’s public launch later this year. This release, called Sodium, represents a “feature complete” version of the network. The company also disclosed details about their governance system, called Network Nervous…
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Will this ultimately prove to be a significant step for mainstream adoption, or a publicity stunt? SBI esports, a subsidiary of Japanese financial services conglomerate SBI Group, announced that its esports players would receive salaries in Ripple (XRP) going forward as part of a sponsorship deal with venture capital firm, VC Trade. According to the…
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Do you want to learn everything about DeFi, inside and out? Can you handle it? With its year-to-date growth of more than 15x in total value locked, and more than $11 billion committed to the protocols, decentralized finance (DeFi) has become a mainstay in the crypto industry, and a whole new industry in itself. Meanwhile,…
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Chinese companies are angling to overtake the United States in blockchain adoption. Recent figures published by Chinese media outlets show that companies in China have filed for over half of all global blockchain patents. According to a report titled “2020 Blockchain Industry Development”, Chinese companies have applied for 4,435 blockchain patents following Chinese president Xi…
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OpenBazaar received a temporary lifeline, but they aren’t out of the woods yet. On September 25, OpenBazaar announced that their platform would likely shut down due to financial difficulties, stating that user growth and adoption had stalled. According to a tweet published on Open Bazaar’s official Twitter account, a mysterious donor has since agreed to…
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