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Crypto-Dollar For Venezuela is Now in Alpha Stage

24 Apr 2020 1 minute read 1 comment Abhi K

A startup in Colombia, Valiu, has launched a new synthetic asset to help Venezuelan citizens combat hyperinflation. Valiu Chief Executive Officer (CEO) Simon Chamorro revealed the plans for the asset, called ‘cryptodollar’ in a tweet on April 23, whi...

While Oil Prices Plummet, Crypto Project Power Ledger Rolls Out Solar Trading in Australia

22 Apr 2020 1 minute read 0 comments Abhi K

Clean energy focused project Power Ledger (POWR), based in Australia, on April 22 revealed that it had begun rolling out solar trading services in association with firm Nicheliving in the city of Inglewood. Meanwhile, oil continues to languish in its...

Bitcoin Hash Rate up 64% As Halving Approaches

22 Apr 2020 1 minute read 1 comment Abhi K

On April 16, cryptocurrency market analysis firm glassnode tweeted about Bitcoin’s hash rate - which has shot up by 64% since near its lowest point in March. The firm suggests that the upward trend is linked to the halving, which hodlers are preparin...

Is This a Satoshi Nakamoto Post From 1999?

22 Apr 2020 1 minute read 9 comments Abhi K

Several reports are emerging about a particular post in a Cypherpunks’ mailing list from 1999 - which some seem to think could have been written by Satoshi Nakamoto.  The post saw members discuss the concept of “e-cash.” Specifically, one anonymous m...

Dutch Central Bank Ready to Lead Digital Euro Initiative

22 Apr 2020 1 minute read 0 comments Abhi K

The central bank of the Netherlands, the De Nederlandsche Bank (DNB), on April 21 published a 45-page report that speaks of its interest in “leading” the Central Bank Digital Currency (CBDC) initiative, going over topics such as its own efforts in de...

Ripple Files Lawsuit Against YouTube for XRP Giveaway Scams

22 Apr 2020 1 minute read 3 comments Abhi K

On April 21, Ripple (XRP) filed a lawsuit against YouTube for the many XRP giveaway scams on the video platform. In a blog post titled “Enough is Enough: It’s time to protect the community”, the company made known its strong intentions to “protect co...

DeFi Protocol dYdX Reaches $1B Milestone in Loans

21 Apr 2020 1 minute read 1 comment Abhi K

dYdX, the decentralized non-custodial lending platform, has just hit an enormous milestone: it has realized more than 1 billion loans in a roughly one year life span. The platform announced the milestone on Twitter on April 17, showing the one-year v...

Next-Gen Crypto Mining Hardware is Here

21 Apr 2020 1 minute read 4 comments Abhi K

ASIC manufacturer MicroBT on April 17 revealed a new series of mining hardware, called the M30S++ and M30S+. The reveal was made at the WhatsMiner M30 Online Launch Event in Shenzhen, China on Friday. 4000 individuals witnessed the reveal.  Dubbed th...

EOS-based App Shuts Down, Taking $52M in Users' Funds With It

21 Apr 2020 1 minute read 9 comments Abhi K

EOS Ecosystem, a Chinese EOS wallet, has abruptly shut down, apparently absconding with $52 million worth of users’ funds. Chinese media outlet ChainNews on April 20 reported that users were unable to access their accounts, and that most of the funds...

Crude Oil Price Dump Barely Affected Bitcoin

21 Apr 2020 1 minute read 1 comment Abhi K

On April 20, for the first time in US history, the value of an oil barrel dropped below $0. The sudden drop in oil prices comes at a time when the world simply does not need the extra oil to produce petrol or diesel, as most transport - and several i...