Chainalysis recently revealed that it added support for two privacy coins — Zcash (ZEC) and Dash (DASH) — in two different products. Chainalysis reveals that its software can track DASH and ZEC According to new information, Chainalysis’ investigation software, Chainalysis Reactor, as well as its Know Your Transaction (KYT) offering can now track two new coins. The company announced as much yesterday, June 8th. In other words, anyone who use...

A crypto startup dealing in asset tokenization, Upvest, recently raised a bit over $1 million (€900,000). The company’s funds came in new funding from the European Regional Development Fund. The funds arrived as part of the ProFIT program of IBB (Investitionsbank Berlin). Precise gas calculations for transaction fees Upvest, based in Germany, already has an idea of what to do with the newly-received funds. The company plans to invest the mo...

Tyler and Cameron Winklevoss, the well-known twins who run one of the largest US crypto exchanges, Gemini, are planning to create a new film. For this purpose, the twins partnered up with the founder of Stampede Ventures, and a former President of Warner Bros. Pictures, Greg Silverman. Together, the three plan to produce a feature film adaptation of Ben Mezrich’s 2019 book, Bitcoin Billionaires. A continuation of the story The project is qu...

Ripple, the firm behind ripple (XRP) has moved to court requesting the dismissal of all fraud charges against it. Ripple filed for dismissal noting that the plaintiff in the ongoing lawsuit had failed to provide details to support the fraud claims. Court documents filed on June 8 revealed this news, stating that the San Francisco-headquartered firm seeks dismissal of the charges with prejudice to the plaintiff as the allegations are purportedly b...

Consensys Inc. is planning to undergo a transformation that will see it become a full-service provider for the Ethereum network. A report unveiled this news on June 8, noting that the firm is on the verge of releasing an automated system to help make the crypto space safer. Per the publication, the New York-based company is launching a product that is centered on the know your customer (KYC) regulatory compliance prerequisites. Speaking about thi...

Block.One, the creator of EOS will roll out Voice, its blockchain-powered social media platform ahead of schedule. Voice’s CEO, Salah Zalatimo unveiled this news through a tweet on June 6, noting that this change will see Voice go live on July 4. Per Zalatimo’s tweet, only registered users will be able to publish content on the platform or engage other members online. He added that they had initially prepared for a big reveal in fall. However, th...

TRON 4.0 launch has been a major topic of discussion in this projet’s community for quite some time, now. However, one major piece of information that was missing during this time is the exact date when the launch of the project will take place. Now, the project’s CEO, Justin Sun, finally decided to announce the launch date. TRON 4.0 to arrive in one month According to Sun’s recent post on Twitter, the upgrade to TRON MainNet wi...

It has been nearly a month since Bitcoin (BTC) went through its third halving. During this time, analysts from the on-chain analytics company, Glassnode, collected data, hoping to spot irregularities in the Bitcoin network’s behaviour. What they found is that ‘weaker’ miners likely already sold their mining rewards. However, more established miners are taking the opposite approach, and are choosing to hold on to their BTC. In fa...

Crypto over-the-counter (OTC) merchants and traders in China are having their bank accounts frozen by the thousands in a recent police crackdown. The crackdown comes due to allegedly illicit activities that tainted crypto and fiat assets. Chinese police is freezing thousands of individual accounts The move started last Thursday, when some crypto OTC buyers and sellers already had their accounts frozen. Their transactions were allegedly contaminat...

The US is in a bad shape right now, not only because of the ongoing coronavirus pandemic, but also due to the protests across the country, many of which turned violent by police brutality. Amid the chaos, one article published by The Intercept revealed rather curious information, considering current events — the existence of a war game called JLASS. What is JLASS about? The article, published two days ago, on June 6th, revealed that the US Pentag...

Coinbase once again had trouble with keeping up with user demand during the recent Bitcoin price surge. As Bitcoin once again ventured beyond $10,000, Coinbase allegedly saw a 5x traffic spike which seems to have been too much for the exchange. Coinbase explains what happened on June 1st Coinbase released a blog post on June 6th, explaining that its autoscaling system was not able to keep up with a huge amount of users who started logging in on J...

Last week, Bloomberg broke the news that Western Union made an offer to acquire money transfer company MoneyGram. No agreement has been reached yet and Western Union could still change their mind, accordingly. It’s been a hard couple of months for MoneyGram due to the Covid-19 crisis. The company has a debt of $878 million and closed a number of work locations during the pandemic shutdown. Soon after Western Union made the acquisition offer, shar...

It appears that option market traders are unwinding wagers for an extended upward move in Bitcoin, a key metric suggests. The buyers have consolidated gains above 9,500 as they prepare for another attempt to clear 10,300.  Fundamental analysis: Bullishness in the options market The crypto research company Skew reported that the put-call ratio, an indicator commonly used in the options market, plunged to 0.43 on June 4, hitting the lowest mark sin...

BitBuddy, a Bitcoin OTC marketplace has launched a web tool that offers access to all BTC statistics. The firm unveiled this news through a press release shared with Invezz noting that the web tool is dubbed Bitcoin Explorer. This instrument would reportedly let users gather information about blocks, addresses, and transactions on Bitcoin’s blockchain. Through this launch, BitBuddy has become the first Indian crypto marketplace to provide such a...

A blockchain advocate has warned JPMorgan that it would need to move to Wyoming if it wants to protect itself from million-dollar Bitcoin Caitlin Long was speaking on Keiser Report, a financial news show today. She has been appointed to the Wyoming blockchain committee. According to her, in terms of Bitcoin support, Wyoming is far ahead of New York and several other states. $1 million may spark lawsuits She pointed out that Bitcoin may cost $1 mi...

Trading app Robinhood recently reported that the number of its users that are now holders of blockchain-related ETFs (Exchange-Traded Funds) just hit a new milestone. In fact, it has now reached a new high for 2020, and it happened earlier this week. The data provided by Robinhood concerns three of the largest US-based ETFs, including BLCN, BLOK, and LEGR. Details about Robinhood’s report The new data comes as an interesting change of pace for US...

Cryptocurrency exchange OKEx revealed yesterday that it plans to continue with its buybacks for the platform’s token, OKB. The next round of buyback will be the exchange’s eight one, but also the largest one that the exchange has performed right now. OKEx modifying its circulating supply Earlier this year, between March 1st and May 31st, OKEx bought and burned more than 3.5 million of its OKB tokens. The token’s current price pe...

South Korean tech firm, Kakao, recently made a move to get its coin, Klay (KLAY) listed on its first crypto exchange. The exchange in question is a local platform,  known as Coinone. Kakao lists its coin on one of four largest Korean exchanges The KLAY token, issued on Kakao’s Klaytn blockchain, was only listed yesterday, June 5th. The move came almost immediately after Kakao launched its own crypto wallet, within its KakaoTalk app. So...

A recently revealed public document seems to indicate that Coinbase exchange, plans to sell blockchain analysis software. However, the document also shows that the company wants to offer it to two US government agencies. The agencies in question include the DEA (Drug Enforcement Administration) and the IRS (Internal Revenue Service). The two plan to purchase Coinbase’s licenses for an analytics platform known as Coinbase Analytics. The docu...

The potential impact of Central Bank Digital Currencies (CBDCs) has been a major topic ever since China announced the testing of its own digital yuan. In fear of China gaining too much influence in the financial world thanks to its advanced views, many other central banks started developing their own CBDCs. Meanwhile, many others started at least researching CBDCs, their potential use, but also their impact on modern banking as we know it. Among...

Eclipse Foundation’s Board of Directors consists of some major names from the tech and business world, including the likes of Huawei, IBM, Fujitsu, Oracle, Bosch, and others. Now, the list of members is expanded to accommodate one more firm — the IOTA Foundation. IOTA has had ties to the Eclipse Foundation for quite a while, now. The two joined forces and announced the launch of the Tangle EE Working Group in February. The goal of the Group was t...

The lack of crypto-friendly banks around the world has become really noticeable in recent years, even though a number of trustworthy financial institutions started providing services to crypto businesses. Some have even refused to serve crypto businesses, even if they were not forbidden from doing it. However, this is beginning to change, and new crypto-friendly banks are emerging. One example is Arival Bank, which just announced that it is launc...

Ethereum (ETH) recently saw a strong price increase that allowed it to gain ground against BTC. While the uptrend did begin to show signs of weakening on June 4th, this negativity was also seen in the rest of the market and is likely caused by Bitcoin decline. However, one curious detail is that, just before Ethereum peaked, one metric spiked as well — the Token Age Consumed metric. This was a clear signal that a major amount of tokens exchanged...

Cryptocurrency adoption is advancing, and new use cases are constantly being discovered. Meanwhile, some of the older ones are also constantly strengthened. Only a few years ago, the ability to buy property with crypto was only theoretical, but these days, things have changed, and there are now those willing to accept crypto in exchange for an entire house. With that said, this is still not a fully established or regulated way to use coins, which...

Bitfinex, Tether, and their associates have denied false allegations made in an amended consolidated class-action lawsuit filed in the Southern District of New York. A report unveiled this news through an official statement on June 4. The said lawsuit came to be after the plaintiffs wrote an academic paper that had baseless accusations. Soon after, the authors of the paper were forced to back their central claims, which alleged a conspiracy theor...