Month: January 2020

The decentralized exchange landscape is evolving fast, with new liquidity aggregators and relays enhancing usability while reducing slippage. Trade volumes are also strong across the leading ERC20 DEXs and Binance DEX. The bulk of this volume is captured by a small proportion of tokens, however, whose demand augurs well for the projects and the DEXs they dominate. Also read: Ethereum’s Value Transfer Is Now Dominated by Stablecoins Verasity Is Binance’s King of the DEXs On Binance DEX, the decentralized exchange that operates on the eponymous Binance Chain, verasity (VRA) is…

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While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money vary broadly. Beyond M0, M1, and M2 classifications, reserve currencies ultimately afford policymakers opportunities not enjoyable by those holding “downstream” versions of the supply. Also Read: Money and Democracy: Why You Never Get to Vote…

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The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also read: Cashfusion Far More Practical Than Other Coinjoin Protocols, Says Data Analyst Researcher: ‘Ethereum’s Economy Now Dominated by Stable Value Transfer’ On Wednesday, Messari analyst Ryan Watkins reported on the Ethereum blockchain and how the…

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A Google executive from India has joined Coinbase as the new chief product officer after 11 years at Google. He aims to help Coinbase make cryptocurrency mainstream. “I am excited about what crypto and blockchain technology can do to democratize our financial systems,” the executive said, citing his experience growing up in India and the trauma of demonetization. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies From Google and Flipkart to Coinbase Coinbase co-founder and CEO Brian Armstrong announced on Wednesday…

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Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number of crypto clients throughout the year. Also read: Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA Silvergate Bank Adds 48 Crypto Customers in Q4 Last year saw a reversal of the crypto market downturn but the cryptoconomy hasn’t fully recovered…

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On January 29, data analyst James Waugh decided to test and see if the Cashfusion protocol was really anonymous. After testing Cashfusion, Waugh explained he sifted through a number of transaction inputs and outputs and realized that it’s “not possible to establish a concrete link” between them. Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion Cashfusion Tests Prove the Protocol’s Anonymity Set Is Greater Than Traditional Coinjoin Transactions This week Bitcoin Cash supporters were pleased to see that Cashfusion passed rigorous testing when data analyst James…

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The Bitcoin.com Exchange continues to rapidly expand its offerings. The latest asset to join it is the Trustverse token, which is now listed for trading on Bitcoin.com’s premier trading platform. To promote the success of the new listing, Trustverse is conducting a giveaway of 1 million TRV tokens. Also Read: You Can Now Buy Cryptocurrency With Credit Card on Bitcoin.com Exchange Bitcoin.com Exchange Lists Trustverse Token Bitcoin.com Exchange has listed the Trustverse token for trading (TRV/BCH) on January 28, 2020. This AI-powered blockchain-based platform strives to create an “invest and…

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The Electric Coin Company, a group that supports the development of Zcash (ZEC), announced the community has voted to distribute 20% of the ZEC network’s mining rewards to infrastructure and marketing development. The ZEC development funding proposal was initiated because the coin’s Founder’s Reward expires in November and after block 1,046,400, ZEC miners will only get 80% of the block subsidy. Also read: Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement Zcash Community Votes to Allocate 20% of the Block Rewards to the Zcash Foundation, Electric…

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The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Paxos Global Discourages the Use of Bitcoin Mixers The fight for privacy against corporate entities and governments surveilling our everyday financial transactions continues to escalate. Cryptocurrencies have made it harder for governments to track…

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Bank Frick, a leading European blockchain bank, has expanded its range of cryptocurrencies for which it offers trading and custodian services. Bank Frick now offers trading and secure custody of bitcoin cash (BCH) for professional market participants and wealthy private clients. Trading takes place within the fully regulated environment of the bank. Also Read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors Security With Cold Storage Solutions and Diversification As of today, professional market participants can invest in bitcoin cash (BCH) at Bank Frick. The cryptocurrency can be bought…

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