Altcoin Magazine

[Altcoin Magazine]

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

[Altcoin Magazine]

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

[Altcoin Magazine]

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

[Altcoin Magazine]

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

[Altcoin Magazine]

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

[Altcoin Magazine]

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

[Altcoin Magazine]

Maduro to Hold Petro Airdrop for Venezuelan Residents

Venezuelan President Nicolás Maduro, speaking on national television at the end of last week, announced that his government was preparing to hold a one-time distribution of 0.5 Petro (about $30 or five minimum monthly salaries) in favor of all senior citizens, public sector employees, and military personnel others satisfying the selection criteria of citizens...

https://medium.com/altcoin-magazine/maduro-to-hold-petro-airdrop-for-venezuelan-residents-2fb8fbb660ed

[Altcoin Magazine]

The Oldest UK Crypto Exchange Plans to Delist ETH and BCH

The oldest UK cryptocurrency exchange Coinfloor, which today has very modest trading volumes, plans to delist Ethereum and Bitcoin Cash next month...

https://medium.com/altcoin-magazine/the-oldest-uk-crypto-exchange-plans-to-delist-eth-and-bch-2e4d76beb48a

[Altcoin Magazine]

16-Year-Old Syrian Teaches Crypto Basics in Refugee Camp

While it is difficult for us to imagine not having a bank account, this is the reality in many regions of the world. And without a bank account, it is often difficult for families to send or receive money from friends and relatives. The solution to this problem could be cryptocurrencies. Bitcoin and Altcoins work without banks and know no national borders...

https://medium.com/altcoin-magazine/16-year-old-syrian-teaches-crypto-basics-in-refugee-camp-8ad1ee62a9bd

[Altcoin Magazine]

ECB Proposed the Introduction of “Anonymity Vouchers” for the CBDC

This Tuesday, the European Central Bank published a new report on the topic of a hypothetical digital currency, according to which “anonymity vouchers” can be provided to consumers. They, according to the authors, will provide limited privacy of retail payments. In this way, the ECB expects to offer a compromise solution between users’ need for privacy and anti-money laundering requirements...

https://medium.com/altcoin-magazine/ecb-proposed-the-introduction-of-anonymity-vouchers-for-the-cbdc-12f43c1ed440

[Altcoin Magazine]

Ex-Kraken Employee Claims to Be Fired After Revealing Illegal Practices


A former Kraken employee sues the cryptocurrency exchange, accusing it of unjustified dismissal after he raised the question of the dubious nature of the company’s business practices...

https://medium.com/altcoin-magazine/ex-kraken-employee-claims-to-be-fired-after-revealing-illegal-practices-d1dffd25326a

[Altcoin Magazine]

Binance Research: Non-Economic Motives Lead Miners to Mine Bitcoin Cash and Bitcoin SV

The employees of the research unit of the Binance cryptocurrency exchange analyzed the trends in the space of Bitcoin mining and came to the conclusion that its participants often made not the most optimal decisions from an economic perspective. So, some of them preferred to allocate their resources to add blocks to the Bitcoin Cash (BCH) and Bitcoin SV (BSV) chains, sacrificing the profitability that they could have had when working with BTC...

https://medium.com/altcoin-magazine/binance-research-non-economic-motives-lead-miners-to-mine-bitcoin-cash-and-bitcoin-sv-57ccb05cbc6d

[Altcoin Magazine]

BitGo Will Stop Supporting BSV Due to Compatibility Issues

The custodial service BitGo on Wednesday notified users of the impending cessation of support for the Bitcoin SV cryptocurrency. The decision is due to the Genesis hard fork, which will take place on February 4, 2020, and will make receiving transfers in BSV on BitGo multi-signature wallets impossible...

https://medium.com/altcoin-magazine/bitgo-will-stop-supporting-bsv-due-to-compatibility-issues-67ce4f22657

[Altcoin Magazine]

MakerDAO Raises $27.5 Million as Part of Asian Expansion Plan

Venture companies Dragonfly Capital and Paradigm invested $27.5 million in the ecosystem of the decentralized autonomous organization MakerDAO, in return receiving 5.5% of the total MKR token offer...

https://medium.com/altcoin-magazine/makerdao-raises-27-5-million-as-part-of-asian-expansion-plan-46defa0c6295

[Altcoin Magazine]

NiceHash Suspends Compensation Payments to Victims of $80 Million Hack

NiceHash’s cryptocurrency mining marketplace announced the suspension of a plan to pay compensation to users who lost assets during a hacker attack in December 2017. Then, over 4,700 BTC worth $80 million was stolen from the platform. In its latest publication, the company reports that it has now paid off 82% of lost funds to users in Bitcoins...

https://medium.com/altcoin-magazine/nicehash-suspends-compensation-payments-to-victims-of-80-million-hack-601764429914

[Altcoin Magazine]

EY Introduced a Method for Reducing the Cost of Private Transactions by 90%

EY, one of the four largest auditors in the world, has introduced an advanced tool to reduce the cost of private transactions in the Ethereum public blockchain.

https://medium.com/altcoin-magazine/ey-introduced-a-method-for-reducing-the-cost-of-private-transactions-by-90-d72499f73a66

[Altcoin Magazine]

Ripple Raised $200 Million with a Capitalization of $10 Billion

Ripple, an American blockchain startup, closed its $200 million Series C funding round, with its market valuation exceeding $10 billion, Fortune reports. The investment round was led by the financial group Tetragon. Also, SBI and Route 66 Ventures took part in it...

https://medium.com/altcoin-magazine/ripple-raised-200-million-with-a-capitalization-of-10-billion-bd61b854c1d5

[Altcoin Magazine]

Congressman Suggests Clarity on US Crypto Regulation

American congressman Paul Gosar introduced a bill aimed at increasing regulatory certainty in the cryptocurrency space. ..

https://medium.com/altcoin-magazine/congressman-suggests-clarity-on-us-crypto-regulation-4ec2bc302cb2

[Altcoin Magazine]

SBI and Boerse Stuttgart Group to Form a “Global Ecosystem of Digital Assets”

Japanese financial corporation SBI Holdings on Friday announced its intention to invest in two divisions of the Stuttgart Stock Exchange (Börse Stuttgart) focused on working with digital assets...

https://medium.com/altcoin-magazine/sbi-and-boerse-stuttgart-group-to-form-a-global-ecosystem-of-digital-assets-bd1cf087f56a

[Altcoin Magazine]

95% of Cryptocurrencies Currently Have No Liquidity

This Monday, The Block analyst Larry Cermak presented the results of a study of liquidity in the cryptocurrency space, during which he came to disappointing conclusions...

https://medium.com/altcoin-magazine/95-of-cryptocurrencies-currently-have-no-liquidity-c6659cfe7121