Chinese bitcoin miner Ebang plans to launch an initial public offering on the US-based Nasdaq on 26 June. The company hopes to raise more than $80 million during the IPO.
PayPal and Venmo will launch a joint service for buying and selling cryptocurrencies. This will happen in the next three months, sources familiar with the project say.
The new report of Deutsche Bank examines the likelihood of various disasters in the next 10 years that will outperform the Covid-19 pandemic. According to Bitcoinist, one of the scenarios supposes the bitcoin collapse.
Cryptorush of 2017 inspired major US companies to experiment with blockchain solutions. According to a recent study, nearly three-quarters of Fortune’s leading companies are exploring opportunities or already implementing blockchain solutions.
On June 15, bitcoin fell in price to a three-week low. The first cryptocurrency followed the leading benchmarks of the largest exchanges in Europe, Asia and the USA, which began to decline due to fears of the second wave of the COVID-19 pandemic.
One of the world's largest investment funds, Vanguard, which manages assets with a total value of $5.7 trillion, announced the successful launch of a pilot project to use blockchain in the settlement of securities transactions.
Due to pressure from the current bitcoin prices and uncertainty surrounding the cryptocurrency regulation in China, bitcoin mining companies prefer to move their enterprises to more profitable jurisdictions.
The Ethereum account holder paid $2.6 million to transfer $134 in ETH. A day later, he again paid such a commission for a transaction of 350 ETH. Most likely, this mistake was made by a bot, not a human.
The Securities Commission of the Canadian province of Ontario came to the conclusion that the bankruptcy of QuadrigaCX was provoked by fraudulent actions of its founder.
The European Center for Cybercrime published a report on the analysis of the Wasabi bitcoin wallet regarding its use for laundering money obtained by criminal means.
Miners simply reduced the volume of sales of mined bitcoins almost a month after the third halving, that led to decrease of miners' profits. This may be a harbinger of cryptocurrency growth.
It's not even half a year, while cybercriminals have already stolen $1.4 billion in cryptocurrencies since the beginning of 2020. However, 2020 is unlikely to beat 2019 in terms of stolen crypto.
The COVID-19 pandemic triggered a shift from cash to contactless payment methods. The crypto community immediately decided that bitcoins, Ethereum, and other crypto-assets are about to become an ideal alternative for financial transactions. But for a man in the street who does not understand how cryptocurrencies work, the technology may at first seem scary and inaccessible.
The price of bitcoin temporarily exceeded the mark of $10,000, but the cryptocurrency was not able to maintain that achievement. However, according to some estimates, the price of bitcoin may exceed $100,000 within a year.
As the financial crisis deepens, and the Russian ruble fell, the demand for bitcoin jumped sharply in Russia. It became a leader in terms of transactions volume at LocalBitcoins.
Rosseti, the largest Russian energy company, claimed damage from illegal mining in the amount of 450 billion rubles within the last three years. 35 cases of theft of electricity for cryptocurrency mining were revealed.