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Category Archives: Bitcoin

Huobi Upgrades HUSD to USD-pegged HUSD Token

Jul 18, 2019

Vincent He

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...

The Ryuk Virus Spread to China for Bitcoin Ransom

Jul 17, 2019

Vincent He

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...

Binance to Burn $2.4 bln Worth of BNB, Reduce Token Supply

Jul 13, 2019

Olusegun Ogundeji

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...