Category: Bitcoin

The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost and has already notified exchanges of the asset movements and involved addresses. The team has also contacted law enforcement in Singapore, as announced in the blog message. Security breach was most likely due to misconduct…

The Lisk (LSK) project, one of the most high-profile ICOs from 2016, came upon hard times. Despite the relatively solid backing, LISK ended up having troubles keeping all of its staff. Loses Team to Layoffs, Developers Leaving Lisk’s team was one of the most significant features of the project, and the startup held offices in Berlin. But the long downturn in crypto asset prices led to a drive to make a leaner operation. The message from Co-Founder Max Kordek, as shared in a recent Reddit thread, read, Today, at Lightcurve,…

Another chart of Bitcoin (BTC) price movements shows that in hindsight, periods of appreciation coincide with active, concerted minting of Tether (USDT). Bitcoin Cycles Coincided with USDT Printer In hindsight, Bitcoin price moves upward coincided with the printing of Tether (USDT). The correlation was especially flagrant in 2017, when the supply of USDT expanded in the millions for the first time. But in 2018, there were also distinct periods that matched the effect of USDT action. As the year comes to a close, it’s always useful to remember the impact…

The Basel Committee on Banking Supervision (BCBS) published on Thursday a discussion paper on the treatment of crypto and digital assets. Central Banks Expected to Share their View on Crypto The BCBS, an international body that has central banks as stakeholders, wants a global standard to approach cryptocurrencies and blockchain-based assets. The committee published a paper and expects the reaction of central banks by March 2020. The BCBS admitted that the size of the crypto market is meaningful to be monitored by central banks. However, the committee, which is related…

A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels. Increased cross-border remittances have alerted US regulators to the opportunities for tracking and securing funds. Potential Future Platform for Significant Remittances Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text. The pending action, a document on Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E), is still in discussion until January 2021. The mention was immediately recognized as potentially positive for XRP on social media. Remittance…

Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because it was not profitable enough for them. These days, the mining difficulty is growing, while the price barely manages to remain stable. With the upcoming block reward halving, scheduled for May 2019, and the lack…