Top cryptocurrency exchange Huobi is upgrading its current HUSD solution, transitioning it from a stablecoin basket to a new, USD-pegged stablecoin, HUSD Token. Huobi is going to move from using its HUSD token in the existing stablecoin-based system to a system that will see it...
Vitalik Buterin's has suggested using the Bitcoin Cash (BCH) blockchain as a short-term scalable data layer solution for Ethereum. In his writing on an Ethereum research forum, the Ethereum lead cites BCH's high data throughput (32 MB per 600 sec = 53333 bytes per sec) and very low f...
A Virus-ransomware named Ryuk spread to China for bitcoin ransom. Tencent Security reported on July 17 that they monitored a Virus-ransomware named Ryuk encrypts data on an infected device and demands a ransom in bitcoin.The ransom is generally very high (recent ransom reached 11 Bitcoins...
Huobi, a major Chinese cryptocurrency exchange, has taken steps to reduce the supply of the token that powers its decentralized platform, Huobi Token (HT), in a quarterly burning event. The exchange removed 14,011,700 tokens from a 310,318,300 market supply, at a rate that is 116 percent...
The Economic Crime Plan (2019–22) released by the U.K. government and the trade association UK Finance details regulatory action on cryptocurrencies to prevent their use in criminal activities. According to the document, the government is working closely with businesses to bring toge...
CXC, a crypto Ponzi scheme emerges in China. It claims a mode of “cryptocurrency collision” , which means investors can convert BTC into CXC. In its white paper, its full name is “CAPITAL CELL FISSION BLOCKCHAIN”. CXC claims to be a new generation o...
Chinese token offerings have raised a whopping $1.18 billion in the first half of 2019, accounting for 33.2% of the total funds ($3.39 billion) raised from token sales, despite the country’s crackdown on crypto-related activities. According to data from InWara, out of the 583 token offer...
Top cryptocurrency exchange, Binance, has initiated the process of giving up 40% allocation of the total supply of its native token Binance Coin (BNB). The earmarked 80 mln BNB (currently worth about US$2.4bln) was originally meant to reward the Binance team for their effort at build...
Former Bitmain CEO and bitcoin billionaire Jihan Wu has officially been tied to the launch of Matrixport, a new crypto startup that will offer over-the-counter (OTC) trading in Asia. There is no doubt that Matrixport will compete with global exchanges to offer professional and ins...
The latest bitcoin rally not only brings the crypto market back to life but also hackers. Tencent Security reported on July 9 that they monitored a mining Trojan called Burimi has hacked over 33 million email accounts demanding for bitcoin ransom. The attacker first tries to hack VNC w...
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