Report: China loses dominance in bitcoin mining
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.
Anonymous user twice pays multimillion fee for transactions in Ethereum
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.
Investigation: QuadrigaCX bankruptcy is caused by founder's fraudulent actions
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.
Europol accuses Wasabi crypto wallet of money laundering services
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.
Statistics: miners reduced sales of mined bitcoins
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.
CipherTrace: Cybercriminals stolу $1.4 billion in cryptocurrencies in 2020
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.
Can a pandemic accelerate massive adoption of cryptocurrencies?
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.
Forecast: Bitcoin may rise in price up to $100,000 within a year
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.
Russia tops country rating by transaction volume on LocalBitcoins
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.
Russian energy company estimates multibillion damage from illegal mining
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.
Russian authorities promise not to introduce criminal liability for purchase of bitcoin
New bills on the regulation of cryptocurrency circulation in Russia do not suppose criminal liability for the purchase of cryptocurrencies, said the Russian State Duma parliamentarian.
Former head of Russian Post branch accused of mining at the workplace
The former head of the Russian Post branch in the southern city of Mineralnye Vody was suspected of illegal cryptocurrency mining using working equipment. The damage caused is estimated at 30,000 rubles ($400).
Tencent to spend $70 billion on blockchain and AI technologies
Chinese technology giant Tencent will invest 500 billion yuan ($70 billion) over the next five years in technologies aimed at improving internal infrastructure of the holding.
Media: China accelerates digital currency project due to COVID-19 and US rivalry
Chinese authorities plan to launch the state digital currency ahead of schedule to stimulate the economy amid toughening confrontation with the United States due to the spread of the coronavirus COVID-19 in the world.
Stats: USDT transaction value reached $212 billion in 2019
Tether stablecoin settled $212 billion worth of value in 2019. The sharpest jump in USDT transaction volume was recorded in the first half of last year.
Bitcoin transaction fees jump three-fold after halving
The bitcoin network demonstrates a sharp increase in transaction fees. Within nine days after the halving, miners earned almost 50% more on transaction fees than in the whole April.
