Latest articles by Jinia Shawdagor
Satoshi Nakamoto was allegedly living in London while working on bitcoin (BTC). Doncho Karaivanov, an author at Chain Bulletin, a blockchain media outlet, published this finding in a November 23 report after researching Satoshi’s whereabouts while he was working on BTC. Per Karaivanov, the BTC developer left the crypto scene for good nine years ago. However, he left traces that led to the discovery of his whereabouts while he was working on the t...
The Libra Association, the body that manages Facebook’s Libra stablecoin project has hired Saumya Bhavsar, an ex-OCC prosecutor and central bank expert. The organization unveiled this news via an official announcement on November 25, noting that Bhavsar will take on the role of general counsel of Libra Networks, a subsidiary of the Libra Association, which operates the blockchain-based Libra payment system. Reportedly, this appointment is part of...
APEX:E3, a renowned provider of multi-asset analytics for retail and institutional investors has rolled out an algorithmic trading competition between undergraduate students from the University of Oxford and Cambridge. A report unveiled this news on November 25, noting that the contest will involve 15 teams from the Mathematics and Computer Science departments at both universities. Reportedly, this competition will see the teams use the APEX:E3’s...
Theta Network, a decentralized data and video blockchain company, has announced that it will now work with [email protected], one of the world’s most extensive supercomputing systems. In the announcement, Theta Network gave details of how they would spearhead the technology needed by [email protected] to get faster progress of its future initiatives. The development of Theta nodes devices will lead to more contributions being made with Theta Fuel tok...
Frontier has recently launched staking on Zilliqa (ZIL) on its platform for all users. According to an announcement on Twitter, Zilliqa staking is now live straight from the Frontier app. Through the application, users can stake ZIL as well as spend, store, and receive anytime they want to trade. As of now, $ZIL live trading using Frontier is only available using Android phones, but plans are set to include iOS in the future. According to Frontie...
Ethereum’s deposit contract attained its threshold of 524,288 Ether and is set to launch on December 1st. Its confirmation came in just nine hours remaining to the deadline. Despite the early concerns from the low staking participation, the transfer increased with more than 200,000 ETH in the past 14 hours. 524,288 Ether was transferred from 16,384 validators since the deposit contract went live on Nov. 4. Note that the genesis participants...
On Monday, the Wall Street Journal reported that Joe Biden, the current U.S. president-elect, is looking to introduce the Former Fed chair Janet Yellen to succeed Steven Mnuchin, the Treasury Secretary when he takes office early next year. However, all nominees will have to be vetted by the Senate. Reportedly, Yellen, Roger Ferguson- the former Fed Vice-Chair, and Lael Brainard- Federal Reserve Governor are seen as the most preferred candidates....
CipherTrace, a blockchain analytics firm has filed two patent applications for tracing privacy-centric cryptocurrency Monero (XMR). The firm unveiled this news on November 20, noting that the patent applications are dubbed Techniques and Probabilistic Methods for Tracing Monero and Systems and Methods for Investigating Monero. According to CipherTrace, these patents cover different aspects of peering into XMR’s transactions. These include forensi...
Payments giant PayPal bought up to 70% of all newly-mined BTC over the past month since it started offering crypto services on October 21 this year. Pantera Capital, a hedge fund manager, unveiled this news in its most-recent monthly blockchain letter, adding that combined with Square’s Cash App, the two firms are purchasing more than 100% of all newly-issued BTC. According to the letter, the demand for PayPal’s crypto service, which runs on itBi...
Digital Asset Investment Management (DAiM), a US-based asset manager, has launched the first-ever employer-sponsored retirement plans that support BTC investment. A press release unveiled this news on November 19, noting that the retirement plans are fully compliant with ERISA. Per the publication, DAiM will act as the plan fiduciary and will be responsible for choosing, managing, monitoring, and benchmarking investment offerings. Explaining why...
Crypto trading platform OKEx has revealed that it will resume withdrawal services on or before November 27. The exchange unveiled this news via an official announcement on November 19, noting that before resuming withdrawals, its team will conduct strict security checks to allow normal operations in its hot wallet system. In so doing, the exchange believes that it will help ensure the safety of its users’ funds. According to the announcement, OKE...
Renowned crypto trading platform Binance has hired Charles Harder, a celebrity attorney that has extensive Hollywood and political connections. A report unveiled this news on November 19, noting that the exchange acquired Harder’s services to help fight Forbes. Reportedly, Binance claims that Forbes published a defamatory article that saw it lose millions of dollars. According to Binance, Forbes published an article dubbed Leaked ‘Tai Chi’ Docume...
Airbnb has unveiled that it is considering blockchain and crypto integration. The firm revealed this news through a prospectus for its scheduled Initial Public Offering (IPO). Reportedly, the company filed the prospectus with the US Securities and Exchange Commission (SEC). In the document, Airbnb noted that it competes in an industry characterized by rapidly changing technology, evolving standards, and consolidation, among other factors. As such...
The second wealthiest man in Mexico, Ricardo Salinas Pliego, has invested 10% of his liquid wealth in bitcoin (BTC). Pliego unveiled this news via a tweet on November 18, noting that paper money is worth nothing. He also shared a video captured in a Latin country, which showed banks disposing of garbage bags filled with money into a dumpster. Commenting on the video, Pliego noted that it shows the importance of diversifying investment portfolios....
The United States Patent and Trademark Office (USPTO) has granted IBM a patent for a blockchain-powered consensus that seeks to handle transactions in multiplayer games with large user bases. A report unveiled this news on November 16, noting that the tech giant received the patent dubbed Gaming consensus protocol for blockchain on November 10. Reportedly, the patent outlines a model in which game participants, especially those in massively multi...
Grayscale Investments, a crypto fund manager now holds more than 500,000 BTC in its Bitcoin Trust. The firm disclosed this news via a tweet on November 16. Reportedly, these funds are worth £6.31 billion, equating to 2.69% of BTC’s remaining supply and market capitalization. However, Chainalysis, a blockchain analytics firm estimates that approximately 3.7 million BTC is lost, meaning Grayscale might be holding 3.37% of BTC’s remaining supply. Th...
Etherisc, a decentralized finance firm has partnered with Chainlink to help Kenyan farmers insure their crops. The organization unveiled this news via a blog post on November 14, noting that this collaboration seeks to develop a blockchain-based parametric crop insurance platform. Per Etherisc, the insurance platform is built on top of its Generic Insurance Framework (GIF), which runs on the Ethereum blockchain and is indexed to local weather par...
The Bitcoin Cash (BCH) network has split into two new blockchains again. A report unveiled this news on November 15, noting that the fork gave birth to Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash Node (BCHN). Reportedly, Binance mined block #661647 as the last common block of the Bitcoin Cash network. AntPool then proceeded to mine the first block that officially separated the network. According to the report, hashpower has favoured Bitcoin Cash...
Renowned crypto exchange ShapeShift recently delisted three privacy-focused coins, namely DASH, ZEC, and XMR. The exchange unveiled this news on November 6, noting that it decided to delist the coins because of their regulatory concerns. Per the exchange, this move sought to mitigate the organization’s risk from a regulatory standpoint. Reportedly, this news came as a shocker to many in the crypto space considering the exchange’s historic devotio...
The Russian Ministry of Finance intends to make amendments to its tax law in a bid to clarify regulations surrounding crypto taxation. The ministry unveiled this news on November 11 through an article, noting that the proposed changes are necessary for the implementation of the rules embedded in the law on digital financial assets and digital currencies, which the country adopted in the summer of 2020. On top of this, the amendments seek to align...
Pakistan is working on implementing a new legal framework for regulating the crypto sector. The Securities Exchange Commission of Pakistan (SCEP) unveiled this news through a consultation paper published on its website on November 6. Reportedly, the publication highlights the main concepts of the rapidly-growing digital finance industry in the country. On top of this, the consultation paper examines the regulatory frameworks of other countries ac...
Bitcoin (BTC) the leading cryptocurrency in terms of market capitalization is gradually moving closer to £12,130 as bulls continue dominating the market. The coin opened trading on Monday trading at £11,730 before closing the day with a downward correction to £11,624. On Tuesday, BTC made little movement and was trading at £11,594. Yesterday, the coin registered significant gains, setting an intraday high of £12,069 before experiencing some downw...
State-owned China Construction Bank has teamed up with Fusang Exchange, a Hong Kong-based FinTech company, to sell debt worth £2.28 billion on the blockchain. A report unveiled this news on November 11, noting that this move marks the first time a Chinese bank has issued digital security on the blockchain. The bank will allegedly sell the bond in the form of certificates of deposit. According to the report, the bank usually sells each certificate...
Neutrino Protocol has joined hands with Waves.Exchange to roll out a new mechanism for investing in Neutrino asset pools on decentralized forex (DeFo). The Neutrino team unveiled this news via a blog post on November 9, noting that this mechanism will let its users invest in its asset pools seamlessly. Through these investments, the users will reportedly help ensure pool stability by shielding asset holders against the collateral deficit that em...
The UK Treasury Department is working on a draft to regulate privately-owned stablecoins. The department disclosed this news on November 9 through an official announcement, noting that it is also researching how it could use a Central Bank Digital Currency (CBDC) as an alternative to cash. Reportedly, this move comes as the UK government strives to find the best framework for financial services after the country left the EU earlier this year. In...