Day: August 21, 2019

Tether is reportedly planning a Chinese yuan-backed stablecoin to meet the growing demand for cryptocurrencies in the country. Stablecoin operator Tether plans to issue a Chinese yuan-backed stablecoin, local industry media ChainNews reports on Aug. 21. Tether to issue a renminbi-pegged stablecoin Bitfinex shareholder Zhao Dong informed the outlet that Tether — the stablecoin operator behind USDT — plans to issue a new stablecoin in the near future. It would be backed by Chinese yuan held in offshore accounts under the CNHT ticker. Zhao also reportedly said that his digital…

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The liquidator of hacked cryptocurrency exchange Cryptopia claims to have made progress toward securing and preserving funds. Professional services firm Grant Thornton claims that it has made good progress in securing and preserving the cryptocurrencies of hacked exchange Cryptopia. In a news release published on Aug. 21, Cryptopia’s liquidator said there were two reasons why it had taken so long to determine what the exchange’s customers had held. Grant Thornton explained that some customers did not have individual wallets and their funds were pooled together, as Cryptopia kept details of…

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After failing to reclaim the $11,000 threshold on Monday, Bitcoin’s price has again dropped below $10,000. After failing to reclaim the $11,000 threshold yesterday, Bitcoin (BTC) prices have dropped again to four figures. After the biggest cryptocurrency dropped $700 in minutes earlier today, the bearish movement continued as Bitcoin dipped below the $10,000 mark. Market visualization | Source: Coin360 At the time of publication, Bitcoin is trading at $9,983 — down 6.5% over the past 24 hours. Over the past seven days, Bitcoin is down about 4.3% after reaching an…

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Binance is seeking to navigate U.S. crypto regulations in partnership with little-known firm BAM Trading Services… Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.” In the interview, Changpeng Zhao (aka CZ), the CEO of Binance, predicted the launch despite acknowledging that many things are still “in flux” regarding the platform’s planned operations in the U.S.  CZ noted that the U.S. has historically enacted “very…

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The U.S. Department of Treasury has sanctioned three alleged narcotics operators and their crypto addresses. The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be associated with foreign narcotics operators. The Treasury updated its SDN list on Aug. 21. The three alleged narcotic operators associated with these addresses are Chinese citizens Xiaobing Yan, Fujing Zheng…

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Blockchain.com will integrate Polkadot tokens into its wallet following a new partnership in order to drive more decentralization. Luxembourg-based crypto data supplier and crypto wallet Blockchain.com has partnered with blockchain interoperability protocol Polkadot. Driving decentralization  On Aug. 20, Blockchain.com announced it will integrate its Blockchain Wallet with the Polkadot Network in order to drive the adoption and decentralization of Polkadot tokens (DOTs). Once the integration is complete, users of Blockchain.com will be able to store, send and receive DOTs, as well as to vote on proposed amendments to the network…

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Nonprofit organization Kiva along with the government of Sierra Leone have launched a country-wide blockchain solution for credit history. San Francisco-based nonprofit Kiva, a company that crowdfunds loans for financial inclusion, has launched a blockchain platform for credit history with the government of Sierra Leone. According to a Reuters report on Aug. 21, Kiva and President of Sierra Leone Julius Maada Bio jointly launched the blockchain initiative in the country’s capital.  The platform will use biometric data collected by the government, such as fingerprints, in order to access the credit…

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Casa, a Bitcoin node provider, has unveiled a node monitor and incentives program for users to check the health of their nodes. Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor and accompanying rewards program to promote Bitcoin network health. Casa announced the new projects in an official blog post on Aug. 21. Per the announcement, the node monitor — called Node Heartbeats — relies on establishing a brief connection between Casa’s server and an online, synced and Tor-activated…

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11 open-source code libraries written in Ruby contained cryptojacking code and were downloaded thousands of times. A Cryptojacking code was found in 11 open-source code libraries written in Ruby, which have been downloaded thousands of times. Industry news outlet Decrypt reported on Aug. 21 that cryptojacking code has been added to 11 open-source Ruby libraries distributed on the RubyGems platform. Per the report, the infected libraries were downloaded over three and a half thousand times. Hackers reportedly downloaded the software, infected it with malware, and subsequently re-posted it on RubyGems. …

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