Are Central Bank Digital Currencies (CBDCs) Modeled the Same Way as Cryptocurrencies?
The global financial ecosystem is at an inflection point with the advent of cryptocurrencies that are threatening the sovereignty of central banks. The threats take the form of increasing adoption of these cryptocurrencies, also known as virtual or digital currencies, for monetary transactions. This creates a boycott for the existing...
Reach us on: https://www.cryptoknowmics.com/news/?p=187065
The global financial ecosystem is at an inflection point with the advent of cryptocurrencies that are threatening the sovereignty of central banks. The threats take the form of increasing adoption of these cryptocurrencies, also known as virtual or digital currencies, for monetary transactions. This creates a boycott for the existing...
Reach us on: https://www.cryptoknowmics.com/news/?p=187065
Yearn Finance Reports Exploitation of V1 yDAI Vault
Yearn Finance, a popular DeFi protocol, has recently reported that its V1 yDAI has been exploited by a hacker. According to the firm, the hacker was able to carry this attack to the tune of $11 million on February 5, 2020. It is revealed that vault has lost $11 million...
Reach us on: https://www.cryptoknowmics.com/news/?p=187076
Yearn Finance, a popular DeFi protocol, has recently reported that its V1 yDAI has been exploited by a hacker. According to the firm, the hacker was able to carry this attack to the tune of $11 million on February 5, 2020. It is revealed that vault has lost $11 million...
Reach us on: https://www.cryptoknowmics.com/news/?p=187076
Ethereum Gas Fee Spikes as ETH Breaks New Highs
The average gas fee of Ethereum (ETH) has surged to a new all-time high over $23 per transaction, data from Blockchair indicates. Consequently, ETH miners have earned over $22.75 million in fees over the last 24 hours. This indicates it’s now more expensive to use the Ethereum blockchain for making...
Reach us on: https://www.cryptoknowmics.com/news/?p=187072
The average gas fee of Ethereum (ETH) has surged to a new all-time high over $23 per transaction, data from Blockchair indicates. Consequently, ETH miners have earned over $22.75 million in fees over the last 24 hours. This indicates it’s now more expensive to use the Ethereum blockchain for making...
Reach us on: https://www.cryptoknowmics.com/news/?p=187072
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USDC Stablecoin Now Available on the Stellar Network
USD Coin (USDC) developed by Circle Internet Financial has been launched on the Stellar blockchain. The stablecoin is now available in any Stellar (XLM) account through wallets such as Lobstr, Solar, Stellarport, Stellarx, and Stellarterm. USDC will now be tradable across Stellar's ecosystem of more than 9,000 assets including NGNT,...
Reach us on: https://www.cryptoknowmics.com/news/?p=187089
USD Coin (USDC) developed by Circle Internet Financial has been launched on the Stellar blockchain. The stablecoin is now available in any Stellar (XLM) account through wallets such as Lobstr, Solar, Stellarport, Stellarx, and Stellarterm. USDC will now be tradable across Stellar's ecosystem of more than 9,000 assets including NGNT,...
Reach us on: https://www.cryptoknowmics.com/news/?p=187089
Spanish Treasury Publishes Guidelines to Reduce Crypto Tax Evasion
Spanish Treasury has recently published a set of guidelines that are meant for reducing crypto tax evasion. Through this paper, it is revealed that the department is seeking to apply three different measures to tackle the tax risk. The agency is also looking to gather proper information against the tax-related...
Reach us on: https://www.cryptoknowmics.com/news/?p=187092
Spanish Treasury has recently published a set of guidelines that are meant for reducing crypto tax evasion. Through this paper, it is revealed that the department is seeking to apply three different measures to tackle the tax risk. The agency is also looking to gather proper information against the tax-related...
Reach us on: https://www.cryptoknowmics.com/news/?p=187092
FSCA Issues Warning Against Growing Crypto Scams in South Africa
Financial Sector Conduct Authority (FSCA), a South African financial markets regulator, has recently issued a warning against crypto scams. On Thursday, February 4, 2020, FSCA concerns about the growing crypto scams across the country. The regulator took this step as it has been receiving a huge number of complaints from investors...
Reach us on: https://www.cryptoknowmics.com/news/?p=187101
Financial Sector Conduct Authority (FSCA), a South African financial markets regulator, has recently issued a warning against crypto scams. On Thursday, February 4, 2020, FSCA concerns about the growing crypto scams across the country. The regulator took this step as it has been receiving a huge number of complaints from investors...
Reach us on: https://www.cryptoknowmics.com/news/?p=187101
EY to Offer Blockchain Solutions on Ethereum and FISCO BCOS Through Blockchain Service Network
Multinational professional services network Ernst & Young Global Ltd. (EY) has announced offering blockchain solutions on Ethereum and Financial Blockchain Shenzhen Consortium (FISCO) Blockchain Open Source (BCOS) platform. This will be attained in cooperation with the Blockchain Service Network (BSN). The final deployment, however, will be subjected to regulatory approval. EY...
Reach us on: https://www.cryptoknowmics.com/news/?p=187100
Multinational professional services network Ernst & Young Global Ltd. (EY) has announced offering blockchain solutions on Ethereum and Financial Blockchain Shenzhen Consortium (FISCO) Blockchain Open Source (BCOS) platform. This will be attained in cooperation with the Blockchain Service Network (BSN). The final deployment, however, will be subjected to regulatory approval. EY...
Reach us on: https://www.cryptoknowmics.com/news/?p=187100
XRP Treading Slowly, Watch for Fall
XRP has been riding the wave of high prices, touching $0.723 on February 1, 2021 - the highest it has ever been. While from January 22 to January 29, 2021, it traded within a range of $0.44 to $0.26 and then sprung into action as also shown in the previous...
Reach us on: https://www.cryptoknowmics.com/news/?p=187111
XRP has been riding the wave of high prices, touching $0.723 on February 1, 2021 - the highest it has ever been. While from January 22 to January 29, 2021, it traded within a range of $0.44 to $0.26 and then sprung into action as also shown in the previous...
Reach us on: https://www.cryptoknowmics.com/news/?p=187111
ADA Rises 21%, Next Level $1.2
ADA (Cardano) has been doing fairly well since early this year and has risen 44% during the last week itself. A 21% jump during the last 24 hours itself. It is one of the currencies that is seeing interest owing to increased interest in DeFi currencies. As predicted a week...
Reach us on: https://www.cryptoknowmics.com/news/?p=187120
ADA (Cardano) has been doing fairly well since early this year and has risen 44% during the last week itself. A 21% jump during the last 24 hours itself. It is one of the currencies that is seeing interest owing to increased interest in DeFi currencies. As predicted a week...
Reach us on: https://www.cryptoknowmics.com/news/?p=187120
RippleNet Cloud Receives SOC 2 Certification
Ripple has announced being awarded the much sought-after System and Organization Controls 2 (SOC 2) certification for its RippleNet Cloud. The SOC 2 certifications now indicate its assurance of security and privacy. This signifies that financial institutions planning to adopt RippleNet Cloud can be assured of Ripple’s certification in meeting...
Reach us on: https://www.cryptoknowmics.com/news/?p=187114
Ripple has announced being awarded the much sought-after System and Organization Controls 2 (SOC 2) certification for its RippleNet Cloud. The SOC 2 certifications now indicate its assurance of security and privacy. This signifies that financial institutions planning to adopt RippleNet Cloud can be assured of Ripple’s certification in meeting...
Reach us on: https://www.cryptoknowmics.com/news/?p=187114
Cyworld to Relaunch Business Under a Consortium and Ethereum-Based Token Dotori
Cyworld, which is a social media giant in South Korea, is now relaunching its business under new ownership. The new owners will be of a consortium of five domestic companies, which also includes a local entertainment company SKY E&M. This is not just an integration as the consortium has bought...
Reach us on: https://www.cryptoknowmics.com/news/?p=187127
Cyworld, which is a social media giant in South Korea, is now relaunching its business under new ownership. The new owners will be of a consortium of five domestic companies, which also includes a local entertainment company SKY E&M. This is not just an integration as the consortium has bought...
Reach us on: https://www.cryptoknowmics.com/news/?p=187127
Twitter’s Jack Dorsey Launches His Own Bitcoin Node
Twitter and Square CEO Jack Dorsey has launched his own Bitcoin (BTC) node. On Feb. 5, Dorsey posted a screenshot of the Bitcoin node software Bitcoind running on his computer. Nodes are essential in helping to keep the bitcoin network running. This signifies Dorsey is contributing to processing bitcoin transactions...
Reach us on: https://www.cryptoknowmics.com/news/?p=187139
Twitter and Square CEO Jack Dorsey has launched his own Bitcoin (BTC) node. On Feb. 5, Dorsey posted a screenshot of the Bitcoin node software Bitcoind running on his computer. Nodes are essential in helping to keep the bitcoin network running. This signifies Dorsey is contributing to processing bitcoin transactions...
Reach us on: https://www.cryptoknowmics.com/news/?p=187139
How BABE and GRANDPA Achieve Consensus in Polkadot?
Polkadot, launched in May 2020, is often considered a next-gen blockchain protocol. It is a heterogeneous multi-chain combining an entire network of independent blockchains to provide trust-free cross-chain interoperability. Any data can be sent between these blockchains, and any application deployed on Polkadot can be substantially scaled-out over a number...
Reach us on: https://www.cryptoknowmics.com/news/?p=187080
Polkadot, launched in May 2020, is often considered a next-gen blockchain protocol. It is a heterogeneous multi-chain combining an entire network of independent blockchains to provide trust-free cross-chain interoperability. Any data can be sent between these blockchains, and any application deployed on Polkadot can be substantially scaled-out over a number...
Reach us on: https://www.cryptoknowmics.com/news/?p=187080
BNB Rises 12%, Watch for Retractment
BNB is another currency to watch out for with an 12.6% increment within the last 24 hours. Trading at $59.58, the coin started last week on January 24, 2021 at a $41.2 level, rising slightly to $42 on January 25, 2021. January 26 and 27, saw it again falling to...
Reach us on: https://www.cryptoknowmics.com/news/?p=187150
BNB is another currency to watch out for with an 12.6% increment within the last 24 hours. Trading at $59.58, the coin started last week on January 24, 2021 at a $41.2 level, rising slightly to $42 on January 25, 2021. January 26 and 27, saw it again falling to...
Reach us on: https://www.cryptoknowmics.com/news/?p=187150
BitBoss Announces Completion of its Integration With DotWallet
BitBoss, an iGaming technology developer based in Denver, has recently announced the completion of its integration with DotWallet. DotWallet is a famous digital currency wallet and application ecosystem, powered by Bitcoin SV and based in China. The major reason behind this integration is its blockchain-based casino application. It is revealed that...
Reach us on: https://www.cryptoknowmics.com/news/?p=187153
BitBoss, an iGaming technology developer based in Denver, has recently announced the completion of its integration with DotWallet. DotWallet is a famous digital currency wallet and application ecosystem, powered by Bitcoin SV and based in China. The major reason behind this integration is its blockchain-based casino application. It is revealed that...
Reach us on: https://www.cryptoknowmics.com/news/?p=187153
Stock-To-Flow Model Says: Bitcoin To $100K Or $288K By The End Of 2021
The price of bitcoin could be heading towards $100,000 or even $288,000 by the end of the year, suggests the creator of the popular Stock-To-Flow Model. He based his quite optimistic projections on historical data following BTC’s performance after the first and second halvings – in 2012 and 2016. What...
Reach us on: https://www.cryptoknowmics.com/news/?p=187156
The price of bitcoin could be heading towards $100,000 or even $288,000 by the end of the year, suggests the creator of the popular Stock-To-Flow Model. He based his quite optimistic projections on historical data following BTC’s performance after the first and second halvings – in 2012 and 2016. What...
Reach us on: https://www.cryptoknowmics.com/news/?p=187156
OCC Grants Conditional Bank Charter to Crypto Firm Protego
Crypto firm Protego has received conditional approval for a federal bank charter from the Office of the U.S. Treasury (OCC). It is the second cryptocurrency platform to have received permission from the Office of the Comptroller of the Currency to operate as a national trust bank. The charter is conditional...
Reach us on: https://www.cryptoknowmics.com/news/?p=187177
Crypto firm Protego has received conditional approval for a federal bank charter from the Office of the U.S. Treasury (OCC). It is the second cryptocurrency platform to have received permission from the Office of the Comptroller of the Currency to operate as a national trust bank. The charter is conditional...
Reach us on: https://www.cryptoknowmics.com/news/?p=187177
Ethereum Futures Open Interest Hits Record $6.5B as ETH Surge
Ethereum Futures open interest has hit a record of $6.5 billion recently. The reason behind hitting this record is the recent surge in ETH price as it has rallied by around 33% in the past five days. As soon as this data revealed, the buyers have started to use excessive...
Reach us on: https://www.cryptoknowmics.com/news/?p=187182
Ethereum Futures open interest has hit a record of $6.5 billion recently. The reason behind hitting this record is the recent surge in ETH price as it has rallied by around 33% in the past five days. As soon as this data revealed, the buyers have started to use excessive...
Reach us on: https://www.cryptoknowmics.com/news/?p=187182
