On the evening of Saturday, July 13, the steeblecoin issuer Tether unexpectedly released 5 billion USDT tokens on the TRON blockchain. Almost immediately released tokens were burned, and instead of them 50 million tokens were issued, which were intended for the Poloniex Bitcoin Exchange. Paolo Ardoino, CTO of Bitfinex, affiliated with Tether, commented on the situation as follows: “In the process of preparing to transfer emissions from Omni […]
Author: BlockchainJournal
Bitcoin hashrate (BTC) has reached the maximum in the entire history of cryptocurrency 5 (100%) 1 The complexity of the extraction of cryptocurrency Bitcoin reached an absolute historical maximum at around 9.06 trillion. Thus, when recalculating, the growth was 14%. It happened on July 9th. At that moment, the hashrate was slightly below the historical record reached earlier, at 69.3 EH / s. At the time of writing, the cumulative computing power in the Bitcoin network (BTC) has dropped to 58.1 EH / s, reflecting the price movement of the asset. Note that the average transaction fees are held below…
The US Federal Reserve Chairman acknowledged Bitcoin as an alternative to gold to save value. 5 (100%) 2 Speaking to the US Senate Banking Committee, Federal Reserve Board Governors Jerome Powell acknowledged that Bitcoin (BTC) is used as a value-saving tool as an alternative to gold. “In fact, almost no one uses Bitcoin for payment, they often use it as an alternative to gold. This means of accumulating value is a repository of value, like gold, ”the Fed chairman said. In the crypto community, Powell's statement was noticed, regarding him as the actual recognition of Bitcoin as “digital gold” -…
Veil, an Ethereum platform, which is a decentralized prediction market, has reported a discontinuation. The release of the site Veil was held in January of this year. Users had the opportunity to make predictions about the dynamics of digital assets, the power of the Ethereum network, etc. Since July 11, Veil has no opportunity to add new markets, the platform will finally cease operations on July 24th. Paul Fletcher-Hill, co-founder of the Veil project, explained that he and his team believe that cryptocurrency and decentralization will have a significant impact on the future of humanity. However, today, according to him,…
The State Duma may adopt a law restricting the use of Visa and Mastercard in Russia 5 (100%) 1 On July 23, the State Duma is going to consider and adopt a bill on amendments to the law “On the National Payment System”, which should not allow international payment systems to execute US and EU sanctions, Kommersant reports. New provisions of the law “On the National Payment System” may lead to the departure of international payment systems from Russia. The requirements for their subsidiaries in terms of ensuring the continuity of payments, that is, a de facto ban on the…
BitMEX, the operator of the cryptocurrency derivatives exchange company HDR Global Trading Limited, announced a grant of $ 60,000 to the Bitcoin Core developer Michael Ford. The funds will help him to carry out a full-fledged work on the project, without being distracted by other questions. Michael Ford (AKA fanquake) is provided on a no-strings-attached […]
Prasos, a bitcoin broker based in Finland, announced it has obtained a license from a payment organization, which will enable it to offer additional payment services in fiat currencies both for users of its Coinmotion platform and in other countries of the European Economic Area (EEA). As emphasized in the statement of Prasos, the company has become the only third organization in Europe that has received such a license. Big news! […]
BTC has rebounded from the level of support and in the coming days is ready to overcome $ 13,000 5 (100%) 1 The price of bitcoin rebounded from historically strong support, which increases the likelihood of renewed growth to recent highs above $ 13,000, writes Coindesk analyst Omkar Godball. On the three-day chart, the main cryptocurrency found support at 10MA, which was at $ 11,150, and had risen to a maximum of $ 11,797 at the time of publication. A rebound of $ 600 from 10MA may be a sign that the rollback from the weekly high of $ 13,200…
John Montroll, founder of the BitFunder “stock” Bitcoin exchange and the WeExchange platform, was sentenced to 14 months in prison in the Southern District of New York, CoinDesk reports. Law enforcement agencies in the United States detained 37-year-old John Montroll and charged him with fraud, as well as setting up an exchange without a corresponding license in February 2018. As the investigation established, in July 2013, John Montroll with […]
Donald Trump, President of the United States, expressed his position on cryptocurrency. The politician as a whole does not approve of cryptocurrencies, in particular, he explained why he is negatively disposed towards Bitcoin and the Libra project from Facebook. In a series of tweets, Trump made it clear that he is not a fan of Bitcoin and other cryptocurrencies. He does not consider them as money, cost is highly susceptible to volatility and is not based on anything. In addition, the president believes that the unregulated class of assets may contribute to criminal activity, in particular, he mentioned the trafficking…