Close

Monthly Archives: November 2020

BitPay Launches Mass Crypto Payments Platform for Entrepreneurs

Crypto payments provider BitPay has launched a mass payout platform for businesses. With BitPay Send, firms can make mass payments across countries without owning, buying, or managing cryptocurrencies, and their recipients receive payments quicker and at a lower cost. The platform would be available in 225 countries. It can be […]

November 17, 2020

Read More

Sentry Switches from Ethereum to Hedera Hashgraph

Sentry, an app that has been providing civilians with early warning system against airstrikes during the civil war in Syria, has switched from using Ethereum to Hedera Hashgraph. Hala Systems has stopped usage of Ethereum in favor of the Hedera Consensus Service, having found the former to be insufficiently tamper-proof. […]

November 17, 2020

Read More

Blockchain-based Voting Carries Risks Of Illegal Interference in Elections

Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory has concluded that blockchain-powered voting may increase risk of falsification of elections. The cybersecurity team highlighted that blockchain is “unsuitable for political elections for the foreseeable future” comparing with traditionalmethods of balloting — voting in person and mail-in ballots. Some […]

November 16, 2020

Read More

SEC Seizes $1.26 Billion from Illegal ICOs in 2020

The US Securities and Exchange Commission (SEC) has seized over $4.68 billion in penalties, $1.26 billion of which are from illegally operated ICOs. Most of the ICO penalty is collected from messaging giant Telegram. The Enforcement Division Director Stephanie Avakian told that the SEC received judgments and orders totaling approximately […]

November 13, 2020

Read More

Bitcoin Hits $16K for the First Time Since 2017

Bitcoin price exceeded $16,000 level for the first time in almost three years. The upswing is expected to continue for now. The Bitcoin price has increased by 325% from the lows that it witnessed back in March 2020. The leading cryptocurrency has gained nearly 50% so far this quarter. The upswing […]

November 12, 2020

Read More

Ex-Microsoft Engineer Gets 9 Years in Prison Over $10M Crypto Tax Fraud

A former Microsoft engineer received a nine-year prison sentence for $10 million dollar criminal scheme involving bitcoin and digital gift cards. 26-year-old Ukrainian citizen residing in Washington has been sentenced in the U.S. District Court in Seattle for 18 federal felonies, including six counts of money laundering and two counts […]

November 11, 2020

Read More

Bitcoin Drops Below $15K After Joe Biden Announced US President-Elect

On Saturday, Democratic candidate Joe Biden announced as the winner of the US presidential election. Bitcoin price dropped following the expected news. At the time of publication the news, BTC trades at USD $15,018.14. It traded between USD 15,250 and USD 15,400 when the news about Biden’s victory started to […]

November 8, 2020

Read More

Brazil’s Central Bank to Launch a CBDC

Brazil’s Economy Minister Paulo Guedes has confirmed plans of launching a central bank digital currency (CBDC). During a ceremony devoted to opening of the 100 millionth savings account in Caixa Economica Federal, the economy minister revealed that Brazil would have its own digital currency. It is expected the CBDC to […]

November 8, 2020

Read More

OKEx Denies Rumors About its Founder’s Criminal Detainment

On November 6, OKEx exchange claimed that all the speculations about the executive’s arrest are just rumors. “Claims that a concerned party related to OKEx is under criminal detention have been refuted — we can confirm that these are rumors,” OKEx said. Last month, OKEx suspended all cryptocurrency withdrawals citing […]

November 7, 2020

Read More

Bitcoin Price May Exceed $16K | News

Analysts believe Bitcoin price rally may continue beyond $16,000. As factors for the rally to continue analysts pointed out unmoved supply, lower Bitcoin exchange reserves, a rise in “stronger hands,” and unrealized profits. The number of BTC held on exchanges drops. Since Feb. 11, Bitcoin exchange reserves dropped from 2.96 […]

November 7, 2020

Read More