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$4M Minted from “Bitcoin on Ethereum”

22 May 2020 1 minute read 1 comment Abhimanyu Krishnan

The Wrapped Bitcoin (WBTC) synthetic asset, an ERC-20 token on the Ethereum blockchain that is backed by Bitcoin on a 1:1 basis, has been used to mint $4M DAI stable tokens. Some observant users have managed to link this unusually large minting by Ne...

Iran Gets Serious About Bitcoin Mining

22 May 2020 1 minute read 0 comments Abhimanyu Krishnan

According to local media outlets, Iranian President Hassan Rouhani has commanded government officials to come up with a new national strategy for blockchain mining and regulation. Rouhani was leading the 137th session of the government's Economic Coo...

Craig Wright Already has Access to 820K Bitcoins - Says Estate of Ex-Partner

22 May 2020 1 minute read 0 comments Abhimanyu Krishnan

Lawyers representing Ira Kleiman have said that Craig Wright, who claims to be Satoshi Nakamoto, has the private keys linked to 820,000 Bitcoin (BTC), according to court documents published on May 21.  The document makes a lot of claims about Wright,...

Binance-backed TravelByBit Buys Travala, A Boost for Crypto Adoption

22 May 2020 1 minute read 1 comment Abhimanyu Krishnan

TravelByBit has merged with Travala, according to an announcement made on May 20. The two platforms had previously accepted payments in cryptocurrencies, but the Binance-backed merger now makes the combined service now makes them an especially large...

Cardano's Researching a Microchip That Enables Crypto Without Internet Access

22 May 2020 1 minute read 1 comment Abhimanyu Krishnan

Cardano (ADA) founder Charles Hoskinson, in a recent interview with CoinTelegraph, revealed that the IOHK team was working on a microchip that would facilitate cryptocurrency transactions without the need for internet access.  The chip is being resea...

One of the Earliest Bitcoin Holders Just Moved 50 BTC

21 May 2020 1 minute read 4 comments Abhimanyu Krishnan

On May 20, an amount of 50 BTC was sent from a wallet that mined Bitcoin in February 2009, as seen in the network transaction details. Small amounts from this wallet were also sent to Coinbase and payments platform CoinPayments, according to glassnod...

Newest Hardware of MicroBT and Bitmain Are the Most Profitable

21 May 2020 1 minute read 0 comments Abhimanyu Krishnan

The most recent hardware mining equipment released by MicroBT and Bitmain have unsurprisingly proven to be the most profitable hardware, according to research conducted by The Block. The numbers were based on an electricity cost of $0.03 per kilowatt...

Tether Surpasses XRP in Market Cap

21 May 2020 1 minute read 0 comments Abhimanyu Krishnan

At the time of publishing on May 21, Tether (USDT) has surpassed XRP in terms of market, taking the 3rd spot with $8.8 billion. XRP’s market cap falls short by roughly $41 million. A controversial stablecoin, Tether has frequently been in the news fo...

Ghana Fintech Firm Taps Ripple to Give 3 African Countries Instant Cross Border Payments

21 May 2020 1 minute read 0 comments Abhimanyu Krishnan

Ripple recently added Ghana fintech firm Waya Money according to the latter’s website, giving citizens of 3 African countries instant cross-border payments. The latter currently serves Ghana, Nigeria, and Kenya, but soon plans to expand into many mor...

Shopify Lets Merchants Get Paid in Crypto

21 May 2020 1 minute read 0 comments Abhimanyu Krishnan

E-commerce platform Shopify will now let merchants accept payments in crypto, after a partnership between the platform and CoinPayments was announced on May 20. The strategic partnership is motivated by both parties wanting to “fuel wider adoption of...