Crypto news

Developer’s of the privacy token Monero (XMR) have found a bug that breaks its transaction privacy, according to recent tweets on Monday. The official Monero Twitter account warned users of a “rather significant bug” in the Decoy system. The bug was at first discovered by software developer Justin Berman when he found out that if a user spends their XMR tokens after 20 minutes of receiving them (two blocks time), it’s likely that their transaction will be identified as the...

South Korea is cracking down on cryptocurrency exchange activity within its borders. South Korea Is Taking a Stance South Korea, at one time, accounted for more than one quarter of the world’s bitcoin and crypto transactions, though it appears the country’s presence within the digital currency space has died down a bit over the last three years. Nevertheless, the nation is still looking to purge all foreign digital currency exchanges from its terrain as a means of ending...

In an effort to drive crypto adoption in the United States, Dash, an open source cryptocurrency forked from the Bitcoin protocol, has recently launched a retail savings app dubbed DashDirect. Dash Launches DashDirect Savings App In its official announcement today, Dash revealed that the new app will allow DASH holders to spend their coins at thousands of retail stores in the U.S. Users of the app can pay with DASH for exclusive discounts on their everyday purchases at...

Between 2018 and 2021, the number of Americans holding bitcoin and other forms of cryptocurrency tripled. This is good news in the sense that bitcoin is becoming more well known and popular. Sadly, so many of these individuals still view bitcoin as a high-risk asset. Bitcoin Ownership Is Growing Every Day Over the past year or so, bitcoin has taken on new form in that many began to see it not as a speculative asset, but as a potential hedge tool. With inflation rising...

Global payment giant Mastercard has introduced a new Start Path startup engagement program for cryptocurrency and blockchain companies, with the aim of improving innovation and increasing crypto adoption. Seven Crypto and Blockchain Companies Join Startup Program In a press release on Tuesday (July 27, 2021) Mastercard revealed that seven cryptocurrency and blockchain startups have joined the company’s new Start Path program. Since the beginning of the startup initiative in...

[PR – Las Vegas, Nevada, 27th July, 2021] iM Intelligent Mining (iM), a provider of environmentally responsible energy solutions for powering cryptocurrency mining operations, is delighted to welcome energy veteran Roy Phillips to join its Board of Advisors. Roy is the founder and CEO of REP Energy, a photovoltaic solar project developer that works with investors and private parties to maximize the opportunities available in the renewable energy business. With over three...

To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs. Solana Unveils Hackathon with Over $80k in Prizes  In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3 weeks and registration for it is open to students, Web2 and Web 3 developers, engineers, and basically anyone who is...

Bitcoin is up by a whopping 25% during the week as the primary cryptocurrency reached over $40K yesterday – the highest point since June 15, 2021. As shown on the charts below, BTC price broke above a falling wedge formation toward the end of last week and eventually managed to climb above the key resistance level provided 20-day MA on Friday. Then, the price continued over the weekend to finally have a daily close (Sunday) above the 50-day MA, for the first time since May 9....

The ruling body of Kazakhstan will reportedly allow local banking institutions to offer cryptocurrency exposure to clients. The implementation will run for one year, after which the government will decide whether to extend it. Bank Accounts for Crypto Transactions in Kazakhstan The Kazakhstani news channel Khabar 24 reported that the government plans to officially authorize local banks to open accounts for transactions with digital assets. Numerous institutions will soon be...

Binance NFT marketplace and the Saint Petersburg-based State Hermitage Museum joined forces to create and release a limited edition of non-fungible tokens with digital copies of world-known masterpieces. The collection will consist of works by Vincent van Gogh, Leonardo da Vinci and many more. NFT Copies of Renown Paintings The cryptocurrency exchange Binance announced that it would partner up with one of the largest Russian museums – the State Hermitage Museum – to issue...