60% of all currently issued BTC, that is, 10.5 million coins, remained in the wallets of their holders over the past year. Taking into account these data, we can say that there were 7 million BTC-coins in circulation, probably, with the exception of the new 657 thousand BTC-coins, which were mined by miners during the year. On the graph below you can see that since January 2012, 2.4 million BTC-coins have not circulated anywhere – it is assumed that they can already be considered forever out of circulation. Meanwhile, about 5 million BTC-coins have remained motionless for the past three…
Author: BlockchainJournal
The head of the leading cryptocurrency exchange Binance Changpeng Zhao summed up the recent attack on the platform, as a result of which hackers managed to steal 7,000 BTC. #Binance Security Incident Recap “After 10 seconds of the“ F ***, F ***, F *** ”state, I did a quick mental calculation.” – @ cz_binance Yeah this. A recap of the past […]
The blockchain is protected by two main mechanisms: asymmetric encryption and hashing. Not so long ago, we published material that looked at how the development of real quantum computing could create a security risk for today's blockchains, and concluded that blockchain technology would likely become more secure by the time a real quantum computer appears. This article discusses two quantum algorithms that a real quantum computer could use to crack asymmetric encryption and hashing. Shor's algorithm and asymmetric encryption The public and private keys that are used to secure blockchain transactions are very large numbers, converted by hashing into a…
On Sunday morning, the rise in Bitcoin prices resumed and the cryptocurrency rate again reached $ 8,000. Recall that this week the BTC coin was already outside of $ 8,000, but a few days ago there was a 20 percent collapse, so today the rate moved up from about $ 7,200. Over the last month, the steady growth of BTC has been able to achieve not only the $ 6,200 mark, but also to continue moving up to $ 8,000, which has not been observed since July 2018. Already at the end of the week there was a collapse, many…
Jorge Valero, Ambassador of the Bolivarian Republic of Venezuela at the UN Geneva Office, said that his country and Russia had begun discussions on the issue of switching to settlements in rubles. At the same time, according to him, the option of using El Petro in the calculations of the national cryptocurrency is being considered. Valero explained that the US sanctions and the blocking of accounts in dollars and euros did not in the best way affect the country's economy, made it difficult for her to access international financing and oil investments, as well as restructuring foreign debts. Recall that…
In the course of the rapid growth of the first cryptocurrency, increased onlaying activity was observed during the current week. So, the number of unconfirmed transactions at some point exceeded 70 thousand, but at the moment this figure has dropped significantly – below 2000. Note that amid the filling of the memoPluel, the average transaction cost reached $ 2.32. The same indicators were recorded in February 2018. Despite […]
The main bank regulator of the European Union sees the prospects behind the stablockies supported by reserves. The European Central Bank issued a report on the impact of digital assets on the financial stability of 19 eurozone countries. In the section “Potential implications for monetary policy,” analysts of the regulator note that the situation may be such that cryptocurrency will begin to perform all the functions that the euro currently performs – the eurozone's common currency. So far this is not observed, and therefore cryptocurrencies "do not have a serious impact on the real economy," and therefore do not have…
Futures reports are a useful tool for traders that helps to capture the mood among major players and complement the vision of the market situation. Analyst Dmitry Perepelkin and Ekaterina Skobitskaya, the head of the Inception Fund communications department, are talking about the mood prevailing in the “whales” camp of the bitcoin market. This week we saw a rally, and some even managed to take part. The market is showing signs of recovery. […]
OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time. Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS. The Tron…
For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular. For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation. For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere. However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the…