Cryptocurrency Analysis and News Portal
China’s Blockchain Service Network (BSN) is integrating Chainlink’s (LINK) oracle service into its ecosystem.BSN was recently formed by China’s State Information Center, China Mobile, China Unionpay, and Red Date Technologies. The goal of this consortium is to build infrastructure that will lower the entrance barriers to blockchain technology.Blockchain was too
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Shortly after the launch of its own cryptocurrency mining pool, Binance is adding specialized features to it to help miners make more money.Earlier this month, Binance Pool launched a new feature called “Smart Pool.” It lets miners automatically switch hash rates to mine the most profitable of three supported coins
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Ethereum development house ConsenSys is being backed by heavy hitters like Binance and Huobi to test its new “staking-as-a-service” offering, designed to make it easy for institutions to earn income from the next iteration of the second-largest public blockchain. Announced Tuesday, the Eth 2.0 staking pilot from ConsenSys Codefi includes Binance,
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Cybercriminals have reportedly created a fake site version of the legitimate encrypted self-destructing notes service privnote.com. The fake version can be shared with other users to steal Bitcoin.According to a June 14 report from KrebsOnSecurity, the creators of the encrypted notes service complained about a fake clone site, privnotes.com, whose
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[sociallocker id="55298"] Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market.According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is launching commercial service for Settlenet, a settlement system using Blockstream’s Liquid
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[sociallocker id="55298"] Ethereum co-founder Joseph Lubin’s firm ConsenSys is releasing a compliance service to keep an eye out on transactions conducted by DeFi companies and exchanges trading tokens issued on Ethereum.According to a Bloomberg article published on June 8, decentralized applications development company ConsenSys announced it would release a service
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[sociallocker id="55298"] Canada’s Bitcoin- and crypto-focused company owners can now rejoice. The country has regulated all digital asset businesses as of June 1, 2020, after a five-year-long negotiation with local Bitcoin players. Good for Bitcoin Ecosystem As per an amendment made to its financial framework, all Bitcoin businesses in Canada are now
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[sociallocker id="55298"] Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada.June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework.Candian crypto firms
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[sociallocker id="55298"] Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses. The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a source of capital for Poolin. The firm initially rolled out
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Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system.In an article published on May 27 through the Electric Capital blog, Deeter calls for DeFi projects to introduce “better risk
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