Crypto Media Banned From WeChat In Sudden Online Sweep
Blockchain and cryptocurrency media accounts in China have been banned on WeChat, the messenger app owned by Tencent.
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Bitcoin’s Recent Recovery Won’t Salvage a Terrible Month for Prices
Mar 31, 2020 at 11:30 UTCUpdated Mar 31, 2020 at 11:31 UTCBitcoin’s Recent Recovery Won’t Salvage a Terrible Month for PricesWhile bitcoin has climbed sharply from recent lows below $4,000, it's still on track to end March with a double-digit price loss. The top cryptocurrency by market value is currently trading near $6,440, representing nearly…

Venezuela Ends Controversial Petro Cryptocurrency: Reports
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports citing a message displayed on the Patria Platform, the only website where the Petro was tradeable.President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation's currency, the bolívar, in the

Millions in Ether Tied to FTX Account Drainer on The Move
Around 2,500 ether (ETH), worth just over $4 million, tied to last year’s apparent exploit of the FTX exchange started moving early Saturday, blockchain data shows.Railgun is a privacy wallet that lets users store tokens and use funds for decentralized financial services, such as lending and borrowing. These transactions are shielded, meaning the exact use

SEC’s Case Against Kraken Will Proceed to Trial, California Judge Rules
A federal judge ruled that the Securities and Exchange Commission had brought plausible allegations against crypto exchange Kraken, meaning its lawsuit will proceed to trial. The SEC sued Kraken last year, alleging the exchange failed to register as a broker, exchange or clearinghouse. The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Kraken will proceed

Blockchain Project Thundercore Releases Code for ‘Pala’ Consensus Protocol
news Public blockchain platform provider ThunderCore has just released proof-of-concept code for a new consensus protocol, dubbed Pala, on GitHub. According to Elaine Shi, chief scientist for ThunderCore, the work represents “a dream consensus protocol.” As stated on the newly released GitHub page: “Pala is a byzantine fault tolerant consensus protocol…It can achieve low latency…

Bitcoin Mining Firm Hut 8 Appoints Jaime Leverton as CEO
Nov 2, 2020 at 16:22 UTCUpdated Nov 2, 2020 at 16:38 UTCJaime Leverton(Jaime Leverton/LinkedIn)Publicly traded mining company Hut 8 announced Jaime Leverton as its new CEO Monday, set to replace interim CEO Jimmy Vaiopoulos on Dec. 1. Former CEO Andrew Kiguel stepped down in late April and then-CFO Vaiopoulos was elevated on a temporary basis…

StarkWare Distributing $3.5M Fees to Developers in ‘Devonomics’ Program
StarkWare, the developer firm behind Starknet, a layer-2 blockchain atop Ethereum, announced Tuesday together with the Starknet Foundation that about $3.5 million of fees paid on the network will go to developers as part of the recently announced “Devonomics” program.According to a press release, about 10% of the network fees from the project's launch through

Crypto Exchange CoinList Settles OFAC’s Russian Sanctions Allegations for $1.2M
Crypto exchange CoinList paid $1.2 million to settle U.S. Office of Foreign Assets Control allegations it allowed users in Crimea, a Ukrainian peninsula annexed by Russia, to use the platform.CoinList "opened 89 accounts for customers, nearly all of whom had specified 'Russia' as their country of residence but all of whom provided addresses in Crimea