News

An anonymous user reportedly lost $400,000 paying over 17,000 times the market price of a token by pressing “Market Buy” on Binance. First revealed in a Reddit post on May 9th, the news left many speculating on whether or not the alleged loss actually happened, and if it did, how did an exchange as large […]

French lending giant Societe Generale has become the latest traditional financial company to experiment with digital tokens. The bank’s Ethereum-based tokenized bonds have the potential to bring cryptocurrencies to a market worth over $2 trillion. Major traditional financial companies slowly getting into digital tokens Cryptocurrencies have already become an inseparable part of many different industries, […]

Changpeng Zhao (“CZ”), the CEO of Binance, the world’s largest crypto exchange in terms of adjusted trading volume, has published a blog post in which he apologized for previously suggesting a chain reorg of the Bitcoin (BTC) blockchain. Following a large-scale security breach of Binance on May 7th, 2019, which resulted in a loss of […]

A filing showing the list of addresses that were supposed to prove that controversial figure Craig Wright was, in fact, Satoshi Nakamoto, has been unsealed. Deeper inspection of the list, however, showed that the blocks Wright claims to have mined are merely a “lazy copy-paste from the blockchain,” researchers from Wizsec Security found. Craig Wright’s […]

When bitcoin broke above $4,200 it marked a pivot point in the crypto markets. Since then, bitcoin has surged more than 40 percent and is now attempting to break through a major resistance zone between $6,300 and $6,450. Bitcoin unfazed by mounting bad news Despite Bitfinex being investigated for engaging in a cover-up of the […]

Brad Sherman, a California Democrat, called for members of Congress to join him in introducing a bill to outlaw cryptocurrency purchases by Americans. The world-wide use of the U.S. dollar strengthens the U.S. economy and allows us to sanction rogue nations. Those desperate to weaken the U.S. pray for a crypto-alternative to the U.S. dollar. […]

US regulatory agency FinCEN released new guidance on whether certain crypto businesses are regulated as money services businesses. Those who qualify fall under the scope of the agency and must comply with (sometimes costly) regulations that clash with user privacy. FinCEN (Financial Crimes Enforcement Network), a bureau of the US Department of Treasury which combats […]

The attackers that stole over $41 million in Bitcoin from Binance have been erratically moving the funds from one address to another. However, as of May 9th, all of the funds have been consolidated into just seven addresses, each one holding around 1,000 bitcoins. Bitcoin stolen in Binance hack moved to new addresses One of the […]

An ongoing investigation into iFinex Inc. seems to have caused an exodus of traders out of Bitfinex. An increasing number of users report issues with withdrawing funds from the platform. Moreover, approximately $430 million worth of Bitcoin and Ethereum have exited the exchange’s cold wallets. Funds stuck on Bitfinex On Apr. 25, 2019, the attorney general […]

One of the most anticipated updates to Bitcoin’s scripting capabilities, Taproot, could soon see a roll-out on the Bitcoin network. First proposed in 2018, the update would expand the network’s smart contract flexibility and offer unprecedented privacy, enabling even the most complex smart contracts to be virtually indistinguishable from regular transactions. Solving the problem of […]