Bitmain’s Subsidiary Gets Frozen $680,000 in Assets

The Shenzhen District Court ordered the freezing of $680,000 in assets belonging to a fully owned subsidiary by the Chinese mining company Bitmain...

https://medium.com/altcoin-magazine/bitmains-subsidiary-gets-frozen-680-000-in-assets-7abd5eefd3fe

Crypto Firms Shutting down Due to New EU Regulations

The Simplecoin mining pool and the Chopcoin gaming bitcoin platform announced their closure because of the fifth EU Anti-Money Laundering Directive, effective January 10, 2020...

https://medium.com/altcoin-magazine/crypto-firms-shutting-down-due-to-new-eu-regulations-2e5ebd880734

Research: What Eats up More Electricity — Mining Bitcoin or Video Games?

Recently, it is often said that a huge amount of electricity is being spent on Bitcoin mining, which negatively affects the state of the environment. Because of this, Bitcoin is subjected to harsh criticism. Researchers at Braiins, which controls the popular SlushPool mining pool, have compared the energy consumption of Bitcoin mining and the massive industry of video games...

https://medium.com/altcoin-magazine/research-what-eats-up-more-electricity-mining-bitcoin-or-video-games-2ac274d4408a

Hackers Steal About 1.1 Billion VET from VeChain

Singapore-based VeChain Foundation announced that attackers stole about 1.1 billion VET ($6.6 million) from its wallet, which was used in the token buyback program...

https://medium.com/altcoin-magazine/hackers-steal-about-1-1-billion-vet-from-vechain-37e1ad16452c

Another PUMP Catapults XTZ into the Top Ten

While Tezos (XTZ) was in 23rd place at the beginning of the year, it was able to show strong performance of over 200 percent this year.

https://medium.com/altcoin-magazine/another-pump-catapults-xtz-into-the-top-ten-1ff39eeddc48

Dutch Bank ING to Develop Custody Service for Cryptocurrencies

The Dutch bank ING reviled plans about developing a technology for the safe storage of digital assets of its customers...

https://medium.com/altcoin-magazine/dutch-bank-ing-to-develop-custody-service-for-cryptocurrencies-3031b8b57c2e

Jack Dorsey Says Twitter Is Going on Blockchain

Twitter will form and finance the BlueSky development team, which will create a decentralized standard for social networks. The news was announced on Wednesday by Twitter CEO Jack Dorsey...

https://medium.com/altcoin-magazine/jack-dorsey-says-twitter-is-going-on-blockchain-29fa2350cfa7

Cryptopia’s Liquidator Retrieved $7.2M but Can‘t Return It to the Users

The liquidator of the ceased to exist New Zealand cryptocurrency exchange Cryptopia has managed to retrieve $7.2 million over the past six months after the platform’s alleged loss of $16 million due to a hacker attack in January, but the process of returning funds to their rightful owners is fraught with a number of problems...

https://medium.com/altcoin-magazine/cryptopias-liquidator-retrieved-7-2m-but-can-t-return-it-to-the-users-e59a742110c7

xSongs: Ripple (XRP) Presents Music Marketplace

In early January, Ripple invested $100 million in blockchain gaming development. Now the company introduced a music marketplace where users can pay and artists get paid with XRP...

https://medium.com/altcoin-magazine/xsongs-ripple-xrp-presents-music-marketplace-66227273fe1b

Three Men Are Charged in $722M Crypto-Mining Ponzi Scheme

Goettsche called potential investors of the BitClub Network “dumb” and “sheep”, and described his scheme as “a whole model built on idiots.” ...

https://medium.com/altcoin-magazine/three-men-are-charged-in-722m-crypto-mining-ponzi-scheme-8423c1e02bab

$68 Trillion to Go into the Hands of a Generation Closer to Bitcoin

Michael Sonnenshein, managing director of Grayscale Investments, argues that there is clear evidence that millennials will play an important role in raising the price of Bitcoin in the coming years, while assets of $68 trillion will gradually move from the older generation to them...

https://medium.com/altcoin-magazine/68-trillion-to-go-into-the-hands-of-a-generation-closer-to-bitcoin-f739268bab01

SEC Gives Green Light to $15 Billion Asset Manager’s Bitcoin Futures Fund

The new fund has won a personal endorsement from SEC official Dalia Blass, who claimed the move is an example of her recent endeavors to engage with the fund industry...

https://medium.com/altcoin-magazine/sec-gives-green-light-to-15-billion-asset-managers-bitcoin-futures-fund-b3c4edd6112e

Hackers Sentenced to 20 Years in Prison for Crypto Jacking

It is reported that Bogdan Nicolescu and Radu Miclaus were part of the Romanian hacker group Bayrob Group. Its story began back in 2007 when...

https://medium.com/altcoin-magazine/hackers-sentenced-to-20-years-in-prison-for-crypto-jacking-61758ae88e6

Cardano Founder vs Crypto Youtuber — First MMA Fight Between Two Crypto Characters

One of the popular crypto-YouTubers in the English-speaking world, Tyler Swope, aka Chico Crypto, is expected to rise in August 2020 against Charles Hoskinson, the founder of Cardano, for an MMA fight.

https://medium.com/altcoin-magazine/cardano-founder-vs-crypto-youtuber-first-mma-fight-between-two-crypto-characters-2f6bb48b893e

Bitcoin Options and Cash Settled Futures Now Available on Bakkt

This Monday, the Bakkt cryptocurrency platform announced the launch of two new products tied to the bitcoin futures presented in September: options and futures contracts, which are settled in traditional currency...

https://medium.com/altcoin-magazine/bitcoin-options-and-cash-settled-futures-now-available-on-bakkt-9ef352c92727

Police Shutdown Crypto-Fraud Scheme That Attracted $359 Million

50 special forces, 20 pieces of equipment and a helicopter were involved in the operation. In total, 9 people were detained.

https://medium.com/altcoin-magazine/police-shutdown-crypto-fraud-scheme-that-attracted-359-million-b58d77552992

Monero Hash Rate up 180% After Activating RandomX

The cryptocurrency Monero is experiencing a rapid increase in the hash rate after a recent update, with which the RandomX Proof-of-Work algorithm was added to its protocol, aimed at reducing the efficiency of ASIC miners...

https://medium.com/altcoin-magazine/monero-hash-rate-up-180-after-activating-randomx-a571b4442213

Ethereum Wins Another Major Development Boost

Ernst & Young recently released an open-source code that significantly improves the privacy and efficiency of transactions for Ethereum...

https://medium.com/altcoin-magazine/ethereum-wins-another-major-development-boost-c088c9316d73

Porsche and T-Mobile Backed World’s First Blockchain IPO

The world’s first initial public offering (IPO) on the blockchain was recently completed in Berlin. The IPO was conducted by the Neufund platform for the Greyp startup. The IPO attracted about 1017 investors from 34 different countries. The minimum investment threshold for an IPO was 100 euros, and the proposal itself met local regulatory requirements. Greyp raised €1.4 Million and is backed by both Porsche and T-Mobile and is the sister company of supercar firm Rimac Automobili...

https://medium.com/altcoin-magazine/millennials-prefer-bitcoin-over-netflix-walt-disney-microsoft-or-alibaba-stocks-21076ac2f6ab

Millennials Prefer Bitcoin over Netflix, Walt Disney, Microsoft or Alibaba Stocks


A new report has found that millennials would rather invest in Grayscale’s Bitcoin trust than Netflix stock...


https://medium.com/altcoin-magazine/millennials-prefer-bitcoin-over-netflix-walt-disney-microsoft-or-alibaba-stocks-21076ac2f6ab