CRYPTO WORLD

Etherum Fees Double In a Week As DeFi Heats Up

The average fee for transactions on Ethereum has reached its second-highest level ever, after setting the record earlier this month.

Ethereum fees remain at historically elevated levels, as miners scramble to add capacity and profit from record-breaking network activity levels.

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The Bahamas will launch a digital Central Bank ‘Sand Dollar’ in October

The Bahamas is gunning to become the first country in the world to roll-out a state-backed virtual currency nationwide, and has announced it will launch a central bank-issued cryptocurrency during October.

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DoJ Aims to Seize 280 Cryptocurrency Accounts Used by Hackers

Complaint details collaboration with China to funnel $250m in stolen funds as part of state-sponsored attacks.

The U.S. government aims to seize control of 280 illegal cryptocurrency accounts it claims were used by North Korean state-sponsored attackers in their efforts to hack cryptocurrency exchanges and funnel hundreds of millions in stolen funds through a Chinese money-laundering network.

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China’s Blockchain Service Network to launch stablecoin support in 2021

China’s national blockchain project BSN could be the best fit for the digital yuan.

China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.

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Russia’s New Crypto Analytics System to Track Dash and Monero

Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.

A major financial watchdog in Russia is developing a new cryptocurrency analytics tool to trace major cryptos like Bitcoin (BTC) and privacy coins.

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MicroStrategy bought Bitcoin for $250 million

MicroStrategy, a Virginia-based business intelligence software company that trades on the NASDAQ, announced on Tuesday it has acquired 21,454 Bitcoin in what describes as a “capital allocation strategy.”

The move is a novel one for a publicly traded firm.

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Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC).

In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency.

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Crypto Wallet Maker Ledger Loses 1M Email Addresses in Data Theft

Ledger said customer details have been stolen in a data breach that may well have been exploited for over two months.

In a note to clients Wednesday, CEO Pascal Gauthier said the French hardware wallet provider fell victim to a large-scale data breach from an unauthorized third party.

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Twitter hacked in Bitcoin scam

Twitter was hacked yesterday when Bitcoin scammers sent a series of tweets from the official accounts of Apple, Uber, Joe Biden, Elon Musk and hundreds of others, reaping more than $100,000 (£79,500, €87,750).

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Alibaba leads blockchain patent race

Data shows that China’s e-commerce giant leads the way in awarded blockchain patents, with Chinese and US firms aggressively filing to stake out protection for their IP.

A new report from the China Patent Protection Association shows that Chinese multinational Alibaba leads the world in patents awarded for blockchain-related technology.

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FC Barcelona’s BAR Token Price Jumps Over 150% on First Trading Day

Premier soccer club FC Barcelona has launched a token earlier this week in a token sale that ended in the space of two hours. In it, 600,000 tokens were sold at €2 ($2.25) each, and these tokens are now already trading above €5.6 (around $6.35).

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Chinese Mining Company Ebang to Reportedly List on Nasdaq This Week

Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States.

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John McAfee’s Ghost Distributed Exchange Now Live

John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend.

The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions.

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User Pays a Second $2.6 Million Fee in Ether Transaction

History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours.

A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees.

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Brave under fire for affiliate link autofill

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance.

Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US.

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Revolut: New super app and 12m customers

Digital banking service Revolut has today unveiled its new ‘financial super app’ that promises to “reimagine and redefine” its offering to customers.

The redesign will enable users to manage their finances all in one place, with two main sections labelled Home and Wealth.

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Atari token finds a home on new blockchain gaming network

Partnership between Atari and Arkane Network will allow developers to integrate the new token for buying, selling, and trading assets.

Atari helped kick off the gaming revolution, and now the brand—which has changed hands many times since the 1970s—aims to help lead the crypto revolution in gaming with its recently-revealed Atari Token and online casino plans.

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Bitcoin Transaction Fees Increased 1250% from April 11th to May 14th

March, April, and May were big months for Bitcoin–after a cliff-dive in the price of Bitcoin on March 12th, Bitcoin has slowly and steadily recovered to nearly $10,000, where it was before the coronavirus pandemic slammed into the global economy.

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IBM Blockchain to Offer Decentralized Smart Contract Option

IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters.

The blue-chip IT firm said last week the IBM Blockchain Platform would carry over the changes in Hyperledger Fabric 2.0 – its base layer – claiming it “vastly improves” overall security and usability.

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Binance Invests Undisclosed Sum in Indonesian Crypto Exchange

Binance has invested an undisclosed amount in Tokocrypto, a regulated cryptocurrency exchange in Indonesia.

Announced on Tuesday, the proceeds will be utilized in accelerating the growth of the local crypto exchange’s business by extending its products and services.

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