Category: Crypto

Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing

On November 9, a writer from the website samczsun.com published a report that shows a number of issues with price oracle manipulation stemming from a few blockchain applications. The researcher notes that price oracle manipulation has resulted in “over $30…

Blockchain-Backed Election Art Sells for $66K, Animation Changes After Electoral College Decision

While Americans wait for the official outcome of the electoral college, a blockchain-backed non-fungible token (NFT) called “Crossroad” will change to one of two animations featuring the 45th U.S. President Donald Trump. The animated election-based “Crossroad” NFT recently sold for…

Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate

Switzerland Approves Gazprombank to Offer Bitcoin Trading and Custody Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin.…

Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden

The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments.…

39 Firms Have Applied to Offer Crypto Services Under New Regulation, Says Dutch Central Bank

Thirty-nine companies have applied for registration with the Dutch central bank to provide cryptocurrency services, the regulator told news.Bitcoin.com. They include crypto exchanges and custodial wallet providers. Dutch Central Bank Begins Registering Crypto Service Providers De Nederlandsche Bank NV (DNB),…

ETH 2.0 Scheduled for December, Vitalik Deposits $1.4M Worth of Ether Into Phase 0 Contract

This December the cryptocurrency community may see the first introductory phase of the highly anticipated Ethereum 2.0 consensus change. On Wednesday, the Ethereum Foundation published ETH 2.0 specifications explaining how the genesis phase will be invoked. Moreover, on November 5,…

Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation

The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis…

83 Tons of Fake Gold Bars Backing $3 Billion Loans in China: This Man Claims to Know the Truth

The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where…

Bitcoin Volatility Expected to Rise After the US Presidential Election

While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59%…

Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions

While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed

Switzerland Approves Gazprombank to Offer Bitcoin Trading and Custody

Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin. Gazprombank Approved to Offer Bitcoin Services Gazprombank (Switzerland) Ltd.…

Satoshi Nakamoto’s Bitcoin White Paper: A 12-Year Old Summary of Robust Unstructured Simplicity

Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper, a summary of the invention created by the pseudonymous inventor Satoshi Nakamoto. Bitcoin’s inventor published the paper on metzdowd.com’s…

FTX Increases Trump Futures Margins Before the Election, Biden Futures Lead by 64%

At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting…

Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and the…