Month: August 2020

Mining rig manufacturer Canaan announces narrowing net loss in Q2 results

Mining rig manufacturer Canaan announces narrowing net loss in Q2 results

Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020. While gross profit was up both year on year and quarter on quarter, the company still posted a net loss, albeit one which has narrowed significantly in the last twelve months. The amount of computing power …

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Mysterious Bitcoin mining pattern potentially solved after seven years

Mysterious Bitcoin mining pattern potentially solved after seven years

We reported last week about the latest findings of Sergio Dermain Lerner, who is known for his discovery of the so-called “Patoshi pattern”. His latest research suggested that Satoshi Nakamoto likely used a single pc to mine approximately 1.1 million Bitcoin (BTC). However, it appears that there was something of even greater importance lost in …

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Here’s why the Head of the Chechen Republic has such a strong disdain for cryptocurrencies

Here’s why the Head of the Chechen Republic has such a strong disdain for cryptocurrencies

The Chechen leader Ramzan Kadyrov shared some harsh comments about cryptocurrencies amid growing interest in the technology amongst Chechnya’s citizens. According to Pravda, Kadyrov claimed that the media is presenting crypto “as the new gold,” provoking what he calls a kind of Bitcoin (BTC) “fever”: “People take loans, save on themselves and their families, invest …

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Aave’s path to decentralization hopes to attract institutional investors

Aave’s path to decentralization hopes to attract institutional investors

Aave has emerged as a top DeFi protocol with $1.5B locked in its smart contracts. It has also become the first DeFi project to reach a $1B market cap and receive an Electronic Money Institution license from the United Kingdom Financial Conduct Authority. Aave recently launched its Aavenomics proposal to reward both liquidity providers and …

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OPEC to cover blockchain tech in second workshop on energy and IT

OPEC to cover blockchain tech in second workshop on energy and IT

The Organisation of the Petroleum Exporting Countries has announced that its Second Workshop on Energy and Information Technology will be held on Sep. 21 via videoconference. This year’s event sees blockchain technology join the range of energy and tech-related topics to be discussed. However, it is unlikely that the invited oil industry bigwigs will be …

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Secret contracts may soon bring privacy features to public Blockchains

Secret contracts may soon bring privacy features to public Blockchains

Open-source Blockchain protocol Secret Network announced its intention to add privacy-based secret contracts to its mainnet. The upgrade will take place on September 15 once the proposal is passed by the community. According to the foundation’s announcement, developers will have the opportunity to build and deploy so-called “secret” smart contracts that use encrypted inputs, outputs, …

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Bitcoin Firm TeraExchange Loses Registration as Swap Execution Facility

Bitcoin Firm TeraExchange Loses Registration as Swap Execution Facility

U.S. derivatives regulators have pulled the registration of swap execution facility (SEF) operator TeraExchange. The New Jersey-based company was given an initial license to run a SEF in 2016, making it the first ever to be granted the ability to trade cryptocurrency derivatives, but no trading has taken place on the platform for 36 consecutive …

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FTX buying Blockfolio continues consolidation trend in crypto industry

FTX buying Blockfolio continues consolidation trend in crypto industry

The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global cryptocurrency exchange Binance announced that it was acquiring CoinMarketCap, one of the most referenced …

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Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree

Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree

The blockchain surveillance firm Ciphertrace claims to have created the “world’s first” monero tracing tools for law enforcement. According to the company announcement, Ciphertrace developed forensic tools for the U.S. Department of Homeland Security (DHS) in order to track illicit monero transactions. Despite the firm’s claims, there is zero evidence provided that prove the company …

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Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume

Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume

The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked …

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CipherTrace develops Monero-tracing tool to aid US DHS investigations

CipherTrace develops Monero-tracing tool to aid US DHS investigations

Privacy and anonymity are the primary benefits of cryptocurrency, yet due to the transparent nature of blockchain technology, crypto transactions are not as anonymous as some may think. Rather, Bitcoin (BTC) and other cryptocurrencies are pseudonymous, as each transaction on a blockchain network is transparent, making it possible to trace wallet addresses back to their …

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Is Ethereum left and Bitcoin right?

Is Ethereum left and Bitcoin right?

Hacktivist Bitcoin developer Amir Taaki took aim at Ethereum co-founder Vitalik Buterin on Twitter recently for essentially writing off smart contracts inventor Nick Szabo as a right-wing crank. Taaki wrote that this sort of attitude was typical of an “Eth[ereum] culture which is about sparkling burner parties, privileged digital nomads, microdosing LSD, sex orgies and …

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