Cryptocurrency Analysis and News Portal
The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on Feb. 7. Citing additional risk, the threshold for unidentified crypto exchange transactions is lowered from 5,000 CHF to 1,000 CHF (approximately $1,020 USD).The provision comes following the enactment of the new Financial Services Act and Financial
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Hot on the heels of surpassing the 500 million transaction milestone, Bitcoin (BTC)’s daily confirmed transactions (txs) are soaring too.The latest available data on Blockchain.com, for Feb. 6, indicates 315,370 daily txs on the blockchain, and 368,604 on Feb. 5.These are levels not seen since early Sept. 2019 —
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The last time Bitcoin was this high was in October 2019. Now, marking a new high of $9,700 for 2020, Bitcoin has provoked hot discussions about possible $10,000 in the nearest future.In terms of highly volatile conditions, Bitcoin price has surprised with a new record. Bitcoin has hit $9700, marking
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MIT researchers have co-invented a new cryptocurrency-routing scheme that they claim can boost the efficiency… greasing the wheels and creating larger revenues for cryptocurrency and blockchain companies. An MIT news release stated they are using certain networks designed to speed up notoriously slow blockchain transactions the new solution uses Payment Channel
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Researchers at the Massachusetts Institute of Technology (MIT) have co-developed technology that they say can help avoid congestion on off-chain cryptocurrency payments networks. The "Spider" crypto routing scheme, according to its developers – including Vibhaalakshmi Sivaraman, a graduate student at MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) – offers
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Users of IOTA, the 24th biggest cryptocurrency by market cap, were unable to confirm transactions for 24 hours due to a mainnet incident on Dec. 29.According to an official statement on the issue, the IOTA network experienced a mainnet incident that began at 2:50 AM UTC on Dec. 29,
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The CEO of one of the most popular cryptocurrency exchanges Coinbase, Brian Armstrong, has recently been granted a patent which will allow consumers to trade Bitcoin through email, according to the United States Patent and Trademark Office (USPTO).The cryptocurrency patent, which was granted in the U.S., portrays a digital system
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Accounting multinational EY has released blockchain technology that it claims greatly reduces the cost of private transactions.In an announcement on Thursday, the firm said the third-generation of its zero-knowledge proof (ZKP) tech for the ethereum blockchain – originally dubbed Nightfall – is now available in the public domain (the documentation
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A big congratulations to the Ethereum (ETH)trade community and the global crypto industry at large. The long expected Ethereum’s hard fork tagged ‘Istanbul’ is finally here and over. Okay, not entirely over as two other networks are expected to go live in the first quarter of 2020.Notwithstanding, the just-concluded upgrade
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The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the first half of 2020.In parallel, the
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