This is How Facebook’s Novi Can Share Libra User Info With Others

Social media giant Facebook's subsidiary Novi Financial has retained the right to share the information of Libra users with the third parties, with users' consent, and in certain cases - "without further notice." As reported, in May, Facebook rebranded its Calibra subsidiary, responsible for the Libra project, saying that the first product Novi Financial will

Vitalik Buterin Pushes for Rollups as Ethereum’s Scaling Solution

Vitalik Buterin. Source: a screenshot, YouTube/ETHWORLD. Vitalik Buterin, Co-founder of Ethereum (ETH), reiterated that rollups are the way to go when it comes to the network's scaling issue. They'll likely be the main solution for at least two years, he suggested. As is all too well known, terms 'Ethereum' and 'scalling' are far from strangers, given that they've been a topic of discussion for

Coin Race: Top Winners/Losers of June, 2nd Quarter, and 1st Half 2020

May's mixed bag turned into a June's red one - at least for the top 10 coins by market capitalization. Only one has seen a rise in its price in the month of June. Nonetheless, for the coins outside of the top 10 list, the picture is not as drastic. Though many saw a drop in their prices, many others appreciated. The situation is also a lot greener when observing the coins in

IOTA Takes Step Towards Decentralized Network

IOTA (MIOTA) has announced the release of Pollen, the first phase towards IOTA 2.0, its decentralized network that is expected to arrive in the first half of the next year. IOTA is continuing its path towards the so-called 'Coordicide' - the death (that is, the removal) of the Coordinator, which is a node run by the IOTA Foundation for network protection and transaction

CBDCs Might Increase Central Banks’ Footprint on Financial System – BIS

The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS). It is likely that CBDCs will change the relationship between central banks and

Bitcoin Mining Difficulty Might Remain At Almost the Same Level

Bitcoin (BTC) mining difficulty is estimated to adjust tomorrow, offering a small change to miners following the highest adjustment in two years recorded two weeks ago. The next adjustment is expected to happen on Tuesday afternoon (UTC time). The next adjustment is expected in a day. Per the current estimates by the major Bitcoin mining pool BTC.com (15:57 UTC),

Crypto Market Sentiment Unchanged in 7 Days, Drops in a Day

Following the last week's large drop, crypto market sentiment score (sentscore) barely moved over the course of the past seven days. The combined moving 7-day average sentscore for the top 10 coins slipped from 4.97 reported last week to 4.92/10 this time around, according to crypto market sentiment analysis tool Omenics. Unlike the previous two weeks, however, these past

DeFi Attackers Get ‘More Creative’, Steal USD 500,000 From Balancer

Decentralized finance (DeFi) liquidity providing platform Balancer was hacked today, reportedly with USD 500,000 worth of crypto stolen. Following several reports online, Balancer confirmed that on June 29 an incident occurred, affecting two pools containing transfer fees, known as deflationary tokens. Their report provided steps for how this was done, entailing taking a

Reaching Highs, Buying Crypto, Making Partnerships and 20 Crypto Jokes

This crypto-week, we saw that Bitcoin and Ethereum networks hit a number of all-time highs, they both recovered most of their losses after Black Thursday, and the gap between their fees was narrowed. Anthony Pompliano said he's not a BTC maximalist but that BTC is our one shot to separate money from state. Ripple and SBI are looking to roll out XRP liquidity solution ‘this year’, LibertyX

Hedera Brings HBAR to 5M BRD Wallet Users, Announces Hackathon Winners

Hedera Hashgraph, a public distributed ledger platform and a blockchain alternative for corporations, has announced a partnership deal with the BRD consumer wallet, which it says will bring its HBAR token to 5 million wallet users. The company also announced the winners of a recent virtual hackathon. Hedera and BRD have entered a strategic relationship, per a press release

Domain-powered Transfers: Huobi Wallet in Unstoppable Domains Deal

Huobi Group's multi-chain Huobi Wallet has teamed up with Unstoppable Domains, a San Francisco-based company that builds domains on blockchain networks, enabling wallet users to transfer their cryptocurrencies using .crypto domains. Besides aiding crypto adoption, say the companies, this will also enable Unstoppable Domains move into the Chinese market. Per an emailed press

Bitcoin Must Be Tied to Commodities Basket to Be Currency – Steve Hanke

Bitcoin (BTC) is not a currency, and to be one it needs to be tied to a basket of commodities, says Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University and a prominent expert on hyperinflation. Hanke warned against investing in this asset. "Bitcoin is a highly speculative asset, not a currency," wrote Hanke in a recent tweet, attaching

Crypto Market Sentiment Drops Further, Ethereum Out of Positive Zone

Crypto market sentiment score (sentscore) has taken yet another, this time much larger step away from the positive zone, dropping back into the 4-5 range. As crypto market sentiment analysis tool Omenics shows, the combined moving 7-day average sentscore for the top 10 coins dropped from 5.48 recorded last week to 4.97 recorded today. As suggested by last Monday's

Italian Banking Association Gives Digital Euro the Green Light

The Executive Committee of the Italian Banking Association (ABI) has approved ten criteria for a Central Bank Digital Currency (CBDC), bringing Italy a step closer to agreeing in principle to the possible launch of digital euro. Associazione Bancaria Italiana is the trade association of Italian banks, founded in 1919, and comprises 707 members. As ongoing discussions

High Jumps, (Self)Hacks, Heated Competitions and 20 Crypto Jokes

This week in the Cryptoverse, BTC mining difficulty made the highest jump in two years, the sender of USD 5.28 million Ethereum (ETH) transactions was revealed, and stablecoin volume became 5x ETH volume on Ethereum. Hackers stole a bitcoin with a “brute force” attack, while Bancor discovered a vulerability and hacked itself. The number of BTC whales was rising, but their wealth 'declined',

Austria to Put Ardor Blockchain-Based Comms in Citizens’ Hands

A child chain called Ignis by software company Jelurida will be a part of a new project - QualiSig - that has for a goal secure, blockchain-based communication between Austrian authorities, the country's institutions and citizens in the times of the pandemic. Data control will be the responsibility of citizens. Jelurida develops and maintains the Ardor and Nxt blockchains.

Ledger Bitcoin Selling Feature and More Coins Coming ‘Soon’

Major crypto hardware wallet manufacturer Ledger has more in store when it comes to its crypto features, the company confirmed via their PR representative. As reported previously, Ledger launched a crypto buying option directly on their Ledger Live application. The manufacturer, however, is planning an accompanying selling option, though it's not yet known when.

Insider Claims Trump ’Told Treasury Secretary’ to ’Go After’ Bitcoin – Report

Donald Trump has been "after" bitcoin (BTC) for at least two years now, allegedly stating the world's number one token is a fraud, per claims in a new tell-all book. The United States President allegedly told Treasury Secretary Steven Mnuchin to crack down on the trading and selling of BTC, claims an as-yet-unpublished book by former White House national

Six Blockchain Companies Make WEF 100 Technology Pioneers List

The ever-growing amount of positive news surrounding blockchain technology testifies to its rising popularity. Six blockchain companies were included on the World Economic Forum (WEF)'s 100 Technology Pioneers for 2020 list. And a survey has found that more than a third of the world's companies are currently working on blockchain-related projects. The fifty-year-old

Sender of USD 5.3 Million ETH Transactions Reportedly Revealed

It seems that the sender of last week's USD 5.28 million Ethereum (ETH) transactions has been revealed. Blockchain analytics and security firm PeckShield claims to have identified the sender - a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange "appears to be a Ponzi Scheme project", claims the firm. Update: We have identified

Institutional Investors Set for Herd-like Move to BTC, Says Kraken CEO

More institutions will follow those already in the bitcoin (BTC) space, as their mentality is generally that of "a herd," said Jesse Powell, CEO of major crypto exchange Kraken in an interview with Bloomberg TV. He also opined that bitcoin is already a store of value, and will soon surpass gold. The Bloomberg interviewer argued that bitcoin is not a safe haven, as it

Number of Bitcoin Whales Rises, but Their Wealth ‘Declines’

Although the number of bitcoin (BTC) whales is growing, it looks like some of the crypto world's biggest players now hold less BTC now than they did four years ago. They also hold less wealth in USD terms than they did three years ago, per a recent report from blockchain analytics firm Glassnode. The firm did not specify how this wealth has deacreased exactly, promising

Bitcoin Mining Difficulty Just Made the Highest Jump in Two Years

The pre-adjustment predictions last week seem to have underestimated this Bitcoin (BTC) mining difficulty adjustment, as it went higher than expected. The third Bitcoin mining difficulty adjustment after the halving saw this measure of how hard it is to compete for mining rewards increase by 14.95% to more than 15.78 T today. This is bringing it closer again to the 16 T

Miners Lower Bitcoin Supply, Start Hoarding More

Bitcoin (BTC) miners have started to hodl more of the newly generated BTC at the time when BTC is still failing to breach the psychologically important level of USD 10,000 per coin and when BTC mining set to become even more difficult. While in the past 12 weeks miners still sold more BTC than they produced, this trend has changed in the past few weeks. In the past week,

Crypto Market Sentiment Drops; Only Bitcoin and Ether in Positive Zone

Along with a drop in price, market sentiment score (sentscore) has moved away from the positive zone it had gotten very close to last week. According to crypto market sentiment analysis tool Omenics, the combined moving 7-day average sentscore for the top 10 coins dropped from 7.87 back to 5.48, thus moving towards 5.33 recorded two weeks ago. Unlike last week's

Real ETH Giveaways, Blackmaily ETH Fees, and 20 Crypto Jokes

This weak, we started a very REAL ETH giveaway. Speaking of ETH, two all-time high ETH transaction fees were paid, becoming more mysterious and blackmaily with the third. Meanwhile, Steve Hanke explained why private currency boards are better than central banks for a free society. While Maker soars, EOS developer Block.one prepares Voice for a July launch, and Tron 4.0 upgrade is announced for

These Are 8 Biggest Crypto Funds According to a New Database

There are eight crypto funds with more than USD 250 million in assets under management (AUM), according to the newly-launched Dove Mountain Data, a live database of all funds deploying capital into crypto. This free, live database was created by Regan Bozman, Director Of Business Operations at CoinList, a token listing platform backed by Twitter CEO Jack Dorsey.