Ethereum overtaken by BSC and WAX, Zcash founder starts PoS + campaign more news »alt =» Ethereum surpassed by BSC and WAX, the founder of Zcash PoS campaign begins and 101 other news items »class =» content-img »/> Source: screenshot, Instagram / binance

Get your daily digest of crypto and blockchain related news, analyzing the stories that go unnoticed in today’s crypto news .____

Blockchain news

  • In July, Binance Smart Chain (BSC), powered by play-to-win games, was the most used blockchain (658,000 unique users), followed by WAX (336,000) and Ethereum (ETH) (105,000). by DappRadar data. entire dapp industry recorded more than 1.4 million daily unique users last month, or 24% more than in June, the company said in its latest report. “Through DeFi, NFT or games, the industry is growing exponentially as its use increases enormously. It seems imminent for the entire industry to move towards mass adoption, ”they added. ( To find out more: Ethereum needs to do more to maintain its dominance in a multi-chain future)
  • Bitpanda , the European digital investment platform, has announced the launch of its Blockchain Research and Development Center . company said it will invest € 10 million over the next two years and add 30 developers by the end of 2021. “This innovative hub will focus on building a next-generation investment platform where engineers will aim to exploit the possibilities of the state of -the blockchain of art ”, they said.

Mining news

  • In her recent blog post, Zooko Wilcox, founder of privacy coin Zcash (ZEC), She said that going from a proof of work (PoW) to a proof of stake (PoS) consensus mechanism would make ZEC “ more valuable to more people. Among other things, according to Wilcox: – PoS “would remove the downward pressure on the price of ZEC and add more profit to ZEC” – PoS is more environmentally friendly. – “PoS offers much better security and performance at a lower cost “.–” PoS provides a way for large numbers of Zcash holders to become Zcash users. “-” PoS increases the demand for ZEC by supporting new new use cases. “-” PoS provides a voice to users. coin holders. ”-“ PoS is more decentralized, resistant to attack and capture, and egalitarian. ”( To find out more: Proof-of-stake chains“ similar to Fiat ”favor centralization and rich players)
  • Alternative investment company Suspended Bridge owns Announced partnered with climate technology company MUSGO Tierra to purchase and immediately withdraw tokens representing approximately 38,436 tons of carbon, a transaction that offsets the estimated historical carbon footprint of bitcoin (BTC) being is currently in its products for the entire company. y also added that they expect Bitcoin mining to be fully renewable by the end of the decade.

Read also Central Bank of Nigeria informs banks to plan e-Naira CBDC

Advertising news

  • Starting today, Google Advertisers offering cryptocurrency exchanges and wallets bound for the United States can advertise such products and services when they meet various requirements and are certified by Google.

Regulatory news

  • United States Senate Banking Committee Senior Member Pat Toomey has stated that “Congress should not rush into this hastily designed tax reporting regime for cryptocurrencies, especially without a full understanding of the consequences,” explaining that the Broad definition of “broker” also includes non-financial intermediaries such as miners, validators, and others. He added that he intends to propose an amendment to correct this text.

Exchange news

  • Cryptocurrency exchange CoinJar has announced the launch of its CoinJar MasterCard card , saying that it will allow users to spend cryptocurrencies the same way they would spend money, both online and in store, with the currencies of their choice automatically converted to Australian dollars. . card can be activated for free, has no monthly fees, and has a 1% transaction fee, they added.
  • Peer-to-peer (P2P) cryptocurrency trading platform Hodl Hodl Announced that a recent internal and external audit identified that the payment passwords of some users may have been compromised, leading to their forced liquidations to prevent a possible loss of money. y added that they have contacted external auditors and are conducting external and internal audits on a daily basis, as well as that they will publish a transparency report on the investigation of these issues and their resolution.

Investment news

  • US-based cryptocurrency tax software provider ZenLedger announced a $ 6 million Series A funding round led by Block VC . Investors include Mark Cuban Radical Business , G1 VC , Capital Without Borders , and another. Among other goals, with this latest round of funding, the company plans to launch its cryptocurrency portfolio management solution that allows investors and traders to ‘easily’ view their portfolio performance and track their tax savings in one go. panel.
  • Seguro Uno, a blockchain engineering firm, said it was acquired by Jump Trading Group for an undisclosed amount and will join Jump Trading Group’s 900-member global team.
  • Enterprise technology provider NCR has Announced a definitive agreement to purchase a LibertyX crypto software provider , which currently has a solution that works in ATMs, kiosks and point of sale systems. Going forward, NCR aims to offer LibertyX capabilities as part of its solutions for banks, retailers, and restaurants, while NCR’s digital wallet and mobile apps will deliver these capabilities through the physical and digital touchpoints of NCR, the team added.
  • Asset management company Arca owns the launch of the Ark Digital Yield Fund announced, which is said to be the first actively managed income fund in the digital asset space. Ark Digital Yield Fund seeks to provide investment opportunities in digital assets with minimal volatility, the firm said, and aims for low double-digit effective returns. It will be available for public / external interest later this year.
  • Crypto index fund manager bit by bit Announced the launch of Bitwise Uniswap Fund (UNI) and Bitwise Aave Fund (AAVE). Both funds will invest directly in their respective assets, and the company says its goal is to simplify access to the decentralized finance (DeFi) space for professional investors.

Read also Japanese financial services agency is considering stricter regulations on cryptocurrencies

Legal news

  • American investigators joined an investigation into Mirror Trading International (MTI), considered the biggest crypto scam of 2020, to help South African scheme liquidators win back investors’ assets from their own pockets, Bloomberg reported. MTI, which in November said it had 260,000 members worldwide and 23,000 BTC ($ 882 million), was placed in final liquidation in June, it added.
  • Russian regional court in Sverdlovsk has ordered the banking giant Sberbank to unlock account services for a client involved in BTC trading, according to an official announcement. According to the ruling, the bank had no reason to continue blocking account service and restricting customer access to remote banking and bank cards after the customer disclosed the economic significance of the transactions and indicated the origin of the funds. .
  • CEO of blockchain company Onda (XRP), Brad Garlinghouse, has included cryptocurrency exchange Binance in the company’s pending lawsuit from the United States Securities and Exchange Commission (SEC), requesting documents “not available by other means” , according to Law 360. Documents requested from Binance may contain evidence to support the claim that XRP tokens have been sold to investors outside the United States on exchanges that are also outside the United States, meaning that SEC regulations would not apply to them.
  • Crypto influencer Alex Saunders faces millions of dollars’ worth of cryptocurrency questions raised through his popular video blog for a speculative project and through loans. according to the financial audit. You may be looking for ‘millions’ for a yet-to-build stablecoin project called decentralized , as investors look to recoup their investments.

Also Read Avalanche (AVAX) Hits New All-Time Highest Price – What’s Next?

Source link


Related Posts

© 2024 Cryptocoin