Latest Transactions News

  • Privacy Advocates Condemn US Court Ruling Regarding Confidentiality on Cryptocurrency Exchanges
    Privacy Advocates Condemn US Court Ruling Regarding Confidentiality on Cryptocurrency Exchanges
    US privacy advocates are concerned that the 4th amendment doesn't protect Bitcoin transactions following a recent court ruling.
  • $1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
    $1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
    Crisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country.
  • Twitter Users Can Now Send Crypto to Each Other with Torus
    Twitter Users Can Now Send Crypto to Each Other with Torus
    A private key management startup, Torus, enables social media users to send crypto using Twitter and GitHub handles. Torus, a Singaporean crypto key management platform, now allows users to send cryptocurrencies through social media platforms like Twitter. With Torus’ latest update, v1.7.2, users can now send tokens to any Twitter or GitHub account, even if that account has never used Torus’ crypto wallet, the firm says. Torus publicly sends ETH to Buterin, Musk, and CZ on Twitter Announcing the news on Monday, Torus showcased a couple of Twitter transactions, featuring 0.01 ETH transfers to major crypto figures like Ethereum co-founder Vitalik Buterin, Binance CEO Changpeng Zhao as well as Elon Musk.
  • Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
    Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
    A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province.
  • Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum
    Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum
    The MMM Ponzi scheme accounts for 10% of Ethereum's transactions and 50% of Paxos's.
  • Bank runs in China spur checks on big cash transactions
    Bank runs in China spur checks on big cash transactions
    Checks are being rolled out as smaller lenders struggle under a mountain of bad debt.
  • The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
    The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
    The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions.
  • Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins
    Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins
    Former US Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example.
  • Is Ripple exploring ODL between Europe, Mexico, Australia?
    Is Ripple exploring ODL between Europe, Mexico, Australia?
    With every passing day, the prospect of cashless transactions is becoming more and more enticing, especially since the pandemic is making cash vulnerable.
  • Bank of Japan explores prospects of a digital Yen
    Bank of Japan explores prospects of a digital Yen
    According to Japan's central bank, a potential CBDC should be able to withstand power outages and allow offline transactions.
  • Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
    Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
    As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues — such as data leakages, loss of customer funds during international transactions and poor accountability — in a totally automated fashion. In this regard, European payments provider SIA recently revealed that it has partnered with United Kingdom-based tech firm Quant Network after having successfully concluded a series of cross-blockchain interoperability tests designed to facilitate data transfers between different protocols. Through the deployment of such frameworks, it can gradually become possible for developers to come up with different cross-platform applications and services that can be used by banks as well as other financial institutions, thus allowing them to easily tackle a number of blockchain-integration-related issues facing them today. Is mainstream use ready? Even though it is important to establish collaboration between various businesses to foster interoperability between their protocols, it is worth remembering that most solutions currently available on the market today still exhibit a certain level of centralization.
  • IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions
    IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions
    The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains. The United States’ Internal Revenue Service (IRS) is seeking information and tools to help it trace transactions using privacy coins, layer two protocols such as Lightning Network and side chains like Plasma and OmiseGo (OMG). A June 30 request for information published by the US Department Of The Treasury reveals the IRS’ Criminal Investigation Division is seeking submissions for “an interactive prototype” with a graphic user interface for analyzing distributed ledger-based transactions involving privacy coins and other privacy-enhancing blockchain technologies. IRS peeks into privacy The document explicitly names Monero (XMR), Zcash (ZEC), Dash (DASH), Grin (GRIN), Komodo (KMD), Verge (XVG), and Horizon (ZEN) among the privacy coins that the IRS hopes to target, in addition to the layer-two solutions Raiden Network, Celer Network, and Lightning. The IRS requests that prototypes detail systems for “clustering transactions” from a single user who is using “privacy coins and obfuscation technologies”; compile a library of wallet addresses associated with “suspected or known to be involved in nefarious activities”; and identify other addresses associated with said nefarious wallets. The agency also requests that the system include “a mechanism for sharing investigative research between investigators”, secure data export and import functionality, and estimates on proposed systems’ cost and return on investment.  Hard to track privacy coins Despite the bold ambitions of the IRS’ cryptocurrency tracing initiative, the agency acknowledges that few resources currently exist for tracking the movements and addresses of privacy coins: “Currently, there are few investigative resources for tracing transactions involving privacy cryptocurrency coins, layer-two network protocol transactions, side-chain ledger tr
  • After Years of Resistance, BitPay Adopts SegWit for Cheaper Bitcoin Transactions
    After Years of Resistance, BitPay Adopts SegWit for Cheaper Bitcoin Transactions
    Payments processor BitPay has added support for SegWit, three years after a competing block size proposal fractured the Bitcoin community.
  • Blockchain Explorer to Educate Users With a Bitcoin Transaction Privacy Score
    Blockchain Explorer to Educate Users With a Bitcoin Transaction Privacy Score
    Multi-blockchain explorer Blockchair has added a privacy score for each Bitcoin transaction with the goal of educating users on how to not reveal themselves. Multi-platform blockchain explorer Blockchair has added a “privacy-o-meter” for every Bitcoin (BTC) transaction that identifies which part is the change. This is the key to tracing a chain of transactions on the blockchain.
  • Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
    Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
    Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances.
  • Brazil Eases WhatsApp Ban — But It’s Still Suspended
    Brazil Eases WhatsApp Ban — But It’s Still Suspended
    Despite Brazilian regulators lifting a suspension on WhatsApp’s payments, the country’s central bank is still blocking the launch. The payments feature of the popular messaging platform WhatsApp remains suspended in Brazil, despite local regulators easing restrictions placed on its owner, Facebook. On June 24, Brazil’s Administrative Council for Economic Defense, known locally by its Portuguese acronym ‘CADE’ suspended an agreement between Facebook and Brazilian payment firm Cielo to process payments for WhatsApp. On June 30, it reversed the decision, however WhatsApp payments remain suspended as a result of parallel action taken by Brazil’s central bank. New information CADE reversed its sanctions on Facebook and Cielo after receiving information from the firms evidencing a substantial reduction in the risks initially identified by the watchdog. The firms sought to assure CADE that their deal would not compromise the competitive landscape of Brazil’s payments sector, with the documents asserting that Facebook and WhatsApp will merely “offer an additional channel for payments transaction between consumers and merchants.” CADE now accepts that the firms’ partnership “does not translate a closed payment system” noting that the deal allows “the possibility of aggregating other agents active in the payment instruments chain”. “There is evidence that the grounds that supported the decision to impose a precautionary measure do not exist, therefore it is necessary to revoke [it],” CADE concluded. Despite warming to the deal, CADE will continue to investigate the partnership, with the regulator emphasizing that any anti-competitive behavior will result in the reimposition of sanctions against the firms. Brazil’s central bank yet to budge In an announcement, Cielo’s president of finance Gustavo Sousa noted that the firm’s “operation[s] remains under the analysis of the Central Bank of Brazil and that transactions v
  • Vitalik Buterin Says Ethereum Will Scale to 100,000 Transactions per Second
    Vitalik Buterin Says Ethereum Will Scale to 100,000 Transactions per Second
    Vitalik Buterin says Ethereum is gearing up to supercharge its throughput as developers continue to work on the long-awaited ETH 2.0 update.
  • Libra Partner Bison Trails Just Announced Support for Ethereum 2.0
    Libra Partner Bison Trails Just Announced Support for Ethereum 2.0
    Over the past few weeks, Ethereum as a network has seen a spike in transactions and active users.
  • American Pundi X Merchants Can Now Sell Crypto Via PayPal
    American Pundi X Merchants Can Now Sell Crypto Via PayPal
    As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices. Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’  PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor. The integration will take place over two stages, with US-based merchants who use Xpos able to apply for PayPay-based keyed transactions from July 1. A PayPal app is expected to be integrated onto all Xpos devices within two weeks — completing the roll-out. 70% of Xpos users request Paypal support Pundi X decided to launch the integration after conducting a Twitter poll asking followers which mobile payment app they would like Xpos to support first. PayPal received almost 70% of votes, beating out WeChat Pay, Alipay, and GoPay, among others. The integration brings credit card payments to Pundi X’s point-of-sale system, and allows cryptocurrencies to be purchased via PayPal from supporting Xpos merchants. Pundi X chief executive and co-founder Zac Cheah emphasized that integrations with leading global firms such as PayPal will help drive adoption blockchain-based services and products outside of the crypto community: “To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream." PayPal loves crypto all of a sudden After shunning cryptocurrencies for a decade, recent job listings for blockchain engineers responsible for “new initiatives” at PayPal global appear to support rumours it will soon offer cryptocurrency sales to users.  PayPal payments are only supported by a handful of crypto exchanges, such as peer-to-peer marketplaces Localbitcoins and Paxful. Last week, KuCoin’s P2P
  • Australian Securities Exchange Switch to Blockchain Delayed to 2022
    Australian Securities Exchange Switch to Blockchain Delayed to 2022
    After stakeholders raised concerns about the Australian Securities Exchange’s blockchain infrastructure plan, it has been postponed until 2022. The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger infrastructure to replace its current system for processing equity transactions.
  • Zimbabwe Halts Mobile Transactions as Hyperinflation Spurs Currency Flight
    Zimbabwe Halts Mobile Transactions as Hyperinflation Spurs Currency Flight
    Zimbabwe's central bank, seeking to block attempts to avoid the country’s hyperinflation, halted all transactions conducted by "mobile money agents" this week.
  • ETH Scalability Isn’t Going to Be an Issue Soon, Suggests Vitalik Buterin
    ETH Scalability Isn’t Going to Be an Issue Soon, Suggests Vitalik Buterin
    Ethereum 2.0 will eventually facilitate up to approximately 100,000 transactions per second. Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin.  Vitalik says the transition will not be instant "ETH2 scaling for data will be available before ETH2 scaling for general computation," Ethereum Buterin said in a June 30 tweet. "This implies that rollups will be the dominant scaling paradigm for at least a couple of years: first ~2-3k TPS with ETH1 as data layer, then ~100k TPS with ETH2 (phase 1)," he noted, adding — "Adjust accordingly." Essentially, Buterin said the network will not instantly transition into Ethereum 2.0.
  • Israeli Firm Develops Tech Allowing Crypto Users to Retrieve Funds Sent in Error
    Israeli Firm Develops Tech Allowing Crypto Users to Retrieve Funds Sent in Error
    Israeli blockchain startup Kirobo says it solved the problem of funds being lost through errors in irreversible crypto transactions.
  • An Israeli Blockchain Startup Claims They’ve Invented an ‘Undo’ Button for Bitcoin Transactions
    An Israeli Blockchain Startup Claims They’ve Invented an ‘Undo’ Button for Bitcoin Transactions
    A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong wallet address. Kirobo, a two-year-old Israeli blockchain startup, announced on June 30 that it has found a way to tackle problems related to human error in cryptocurrency transactions. In a recent survey by the Fio Foundation, 55% of respondents reported experiencing stressful human errors when sending cryptocurrency and 18% reported loss of funds due to such errors. As such, Kirobo has invented “Retrievable Transfer,” a way for senders to cancel a transaction that is sent to the wrong address.
  • Police In Spain Tracks Down Alleged Child Porn Organization Using Bitcoin Transactions
    Police In Spain Tracks Down Alleged Child Porn Organization Using Bitcoin Transactions
    The Spanish Civil Guard arrested multiple people across the country who are allegedly involved in the distribution of child pornography.
  • Visualize Crypto Transaction Privacy Scores With Blockchair’s ‘Privacy-o-Meter’
    Visualize Crypto Transaction Privacy Scores With Blockchair’s ‘Privacy-o-Meter’
    On June 24, the block explorer and blockchain data platform, Blockchair, announced the launch of a new privacy tool called the “Privacy-o-meter.” According to Blockchair, the new service combats blockchain surveillance companies by highlighting privacy issues for crypto transactions.
  • International Authorities Work Together to Take Down Crypto-Funded Child Porn Ring
    International Authorities Work Together to Take Down Crypto-Funded Child Porn Ring
    The Spanish authorities arrested several individuals related to ongoing investigations against crypto-driven child porn sites in the dark web. The Spanish Civil Guard has taken down a dark web child porn ring that used cryptocurrency transactions to pay for content.
  • Overpaying Bitcoin TXN fees can lead to bidding wars
    Overpaying Bitcoin TXN fees can lead to bidding wars
    During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018.
  • Wave goodbye to stuck transactions on Ethereum
    Wave goodbye to stuck transactions on Ethereum
    Rockside has launched a transaction relay service that promises to eliminate stuck Ethereum transactions
  • Is the Travel Rule Good or Bad for Crypto? Both
    Is the Travel Rule Good or Bad for Crypto? Both
    A new international rule requiring digital asset operators to report transactions could spilt the crypto industry in two, argue two researchers.
  • South Korea Looks to Track Crypto Transactions in Light of Recent Scandal
    South Korea Looks to Track Crypto Transactions in Light of Recent Scandal
    A South Korean government agency aims to trace crypto transactions conducted on the dark web by developing an AI-based software. The Korea Internet and Security Agency, or KISA, plans to develop an artificial intelligence-based software to trace cryptocurrency transactions on the dark web in response to the Telegram Nth Room sexual ring case. According to New Daily, the government has been working on solutions since January, as authorities faced difficult obstacles amid the investigation of the child porn case in South Korea, where people could buy access to videos with sexually explicit content containing minors. The KISA says that such software relies on machine-learning technology, which automatically traces inside South Korean’s dark web sites that process crypto transactions.
  • Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH
    Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH
    PlusToken recently moved $186 million worth of Ethereum, leading investors to fear a dump in ETH price. Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions, possibly as an attempt to disguise the activity.
  • Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020
    Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020
    Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions.
  • LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%
    LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%
    LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. LocalBitcoins, a major peer-to-peer (P2P) cryptocurrency exchange, has purportedly managed to significantly cut the amount of criminal funds on its platform in 2020. The P2P platform has seen a decline of over 70% in transactions from darknet markets between September 2019 and May 2020, LocalBitcoins claims. Jukka Blomberg, chief marketing officer at LocalBitcoins, told Cointelegraph that the drop comes in response to Anti-Money Laundering and Know Your Customer regulations adopted by the platform in September 2019. The calculations are based on blockchain analysis by major crypto analytics firm Elliptic as well as LocalBitcoins’ own “clustering tools,” the firm said. The drop is still notable despite Bitcoin trading collapse in 2019 A 70% drop in darknet-associated transactions might appear insignificant as LocalBitcoins experienced a massive decline in the amount of traded Bitcoin (BTC) in 2019.
  • Fake Transactions, Billions Missing, Insolvency and an Arrest As Wirecard Collapses
    Fake Transactions, Billions Missing, Insolvency and an Arrest As Wirecard Collapses
    German payments company, financial services provider and cryptocurrency processor Wirecard has crumbled, leaving creditors out of nearly $4 billion following a rapid collapse that sent the stock plunging from $58.50 on June 17th to $1.75 today.
  • Meet The Malware That Uses Bitcoin’s Blockchain To Update Its Army of Bots
    Meet The Malware That Uses Bitcoin’s Blockchain To Update Its Army of Bots
    An advanced malware is utilizing messages hidden within Bitcoin‘s blockchain transactions.
  • ETH Transactions Near Record High as Miners Spam the Network
    ETH Transactions Near Record High as Miners Spam the Network
    The number of daily transactions on Ethereum passed one million recently, as mining pools spam the network. The number of daily transactions on the Ethereum network is approaching all-time high levels amid the rise of stablecoins and DeFi tokens — and with some miners reportedly spamming the network.  Daily usage on Ethereum spiked recently to 1.1 million transactions — a total not seen since its all-time high of 1.35 million daily transactions in early 2018.  The spike comes alongside some unusual behaviour by miners.
  • 6 Privacy-Enhancing Tools That Place Bitcoin Cash Transactions Ahead of the Pack
    6 Privacy-Enhancing Tools That Place Bitcoin Cash Transactions Ahead of the Pack
    On June 24, a Reddit post had a few Bitcoin Cash proponents discussing a number of privacy enhancements BCH supporters can leverage every time they transact.
  • Ethereum transactions get expensive as BTC fees overtaken
    Ethereum transactions get expensive as BTC fees overtaken
    The cryptocurrency market has been stuck in a rut lately, with the prices of most crypto-assets in the market moving sideways.
  • Contactless NFC Hardware Wallet Authorizes Crypto Transactions With a Tap
    Contactless NFC Hardware Wallet Authorizes Crypto Transactions With a Tap
    A new cryptocurrency hardware wallet stores private keys securely and fully isolated, while NFC technology enables authorization of transactions through a mobile device. Keycard is a new credit-card sized hardware wallet featuring near-field communication (NFC) to authorize cryptocurrency transactions.
  • Surge in Stablecoin and DeFi Growth Bring Ethereum Fees to 2-Year High
    Surge in Stablecoin and DeFi Growth Bring Ethereum Fees to 2-Year High
    Fees for Ethereum transactions are at an all-time high but what does this mean for the network and ETH price? The median transaction fees on the Ethereum network are the highest they have been in two years and have risen above Bitcoin fee for the second time in the last three months.  Recently, Coinbase researcher Max Bronstein tweeted the chart below and suggested that the most recent surge seems to be due in largely in part to increased interaction with stablecoins on the Ethereum network. Tx.
  • PayPal Rumors Push Bitcoin Higher as On-Chain Transactions Surge
    PayPal Rumors Push Bitcoin Higher as On-Chain Transactions Surge
    Possibly sparked by the rumor that the online money transfer company PayPal might get involved with cryptocurrencies, the bitcoin (BTC) price jumped more than 4% yesterday, before falling back slightly Tuesday morning. The unconfirmed news that PayPal might enable direct buying and selling of crypto might have been the main driver for yesterday’s market rally, leading to
  • Exploding DeFi Demand Sparks Ethereum Daily Transactions to Hit 2-Year High
    Exploding DeFi Demand Sparks Ethereum Daily Transactions to Hit 2-Year High
    The number of daily transactions on the Ethereum blockchain network surpassed 1 million, a level unseen since January 2018.
  • John McAfee’s Ghost Distributed Exchange Now Live
    John McAfee’s Ghost Distributed Exchange Now Live
    John McAfee’s controversial Ghost distributed exchange, which promises anonymity, is now live. John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend. The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions.
  • High Jumps, (Self)Hacks, Heated Competitions and 20 Crypto Jokes
    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.
  • A Multi-Million Mystery: Likely ETH Fee ‘Victim’ Steps Into Spotlight
    A Multi-Million Mystery: Likely ETH Fee ‘Victim’ Steps Into Spotlight
    A deeper dive into the story involving a potential scam operation paying millions in ETH transaction fees twice in a row. The hottest Ethereum topic in June so far has been mysterious transactions that involved millions of dollars being paid to transfer small-to-medium amounts of Ether (ETH) — an activity which normally doesn’t cost more than a few dozen cents. Researchers have managed to track down the potential victim — a suspicious South Korean crypto exchange — which either experienced a major bug or was threatened by hackers in a very sophisticated way.
  • F2Pool Returns $500K of Abnormal ETH Transaction Fee to Sender
    F2Pool Returns $500K of Abnormal ETH Transaction Fee to Sender
    F2Pool returns about $500,000 in abnormal ETH transaction fee to its sender after encountering the issue on June 11. F2Pool, a Chinese mining pool that recently mined an Ether (ETH) transaction with an abnormal transaction fee of 2,310 ETH, has returned 90% of the fee to its sender. Announcing the news on June 18, F2Pool said that the MiningPoolHub, the original owner of the address behind the transaction, has received back 2,079 ETH, or about $480,000.
  • SatoshiPay
    SatoshiPay
    Founded in 2014, SatoshiPay is a cryptocurrency micropayments solutions company that utilizes the Stellar blockchain to execute transactions.
  • Ethereum (ETH) Holder Who Paid Staggering $5,200,000 in Transaction Fees Revealed
    Ethereum (ETH) Holder Who Paid Staggering $5,200,000 in Transaction Fees Revealed
    The Ethereum holder who paid $5.2 million in fees for just two transactions is a small peer-to-peer exchange in Korea, according to PeckShield, a blockchain security firm.
  • Ripple Touts XRP Use in New Crypto Framework Suggested for India
    Ripple Touts XRP Use in New Crypto Framework Suggested for India
    Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies. American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty. In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed to local legislators. India as a dominant use-case for cross-border payments and remittances Released on June 18, Ripple’s policy paper provides a number of recommendations for Indian policymakers, offering an overview of the global digital assets landscape and measures to adopt a new digital currency policy in the country. Titled “The Path Forward for Digital Assets Adoption in India,” the 36 page-long document promotes XRP and calls on India to provide regulatory clarity for cryptocurrencies. In the policy paper, Ripple specifically outlines XRP’s potential to become a key solution for cross-border payments in India, which is considered to be the “dominant use-case for cross-border payments and remittances.” Highlighting that existing methods of cross-border transactions can take four or eight days, Ripple states that it can handle a transaction from an Uzbek bank to its Indian counterpart “at near real time,” adding: “This route minimizes costs, time and risks that the prevalent models of cross-border banking retain.
  • Telos to Support Ethereum-Compatible Smart Contracts on Its Network
    Telos to Support Ethereum-Compatible Smart Contracts on Its Network
    With the launch of an Ethereum Virtual Machine, Telos is set to enable developers to create and run Ethereum-Compatible smart contracts. Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain.  As of June 18, the network has launched an Ethereum Virtual Machine (EVM) on its testnet, in what is apparently the first implementation of EVM on an EOSIO blockchain.  A challenger to Ethereum? Developers are being invited to use Solidity — the primary programming language for Ethereum — to run smart contracts on the testnet ahead of a target launch of the Telos EVM on the mainnet in July. Telos claims to support 10,000 transactions per second (TPS), without charging transaction fees — something it presents as a competitive alternative to Ethereum’s 14 TPS with fees.  Accenting Telos as a challenger to Ethereum, Suvi Rinkinen — CEO of the Telos Foundation — said: “With Telos EVM, people can finally build and deploy decentralized applications the way they were meant to be, with high speeds, no middlemen, and no limit on users.
  • The Mystery Unveiled: The Exchange That Sent The $5 Million Ethereum Fees Transactions
    The Mystery Unveiled: The Exchange That Sent The $5 Million Ethereum Fees Transactions
    A popular blockchain security company finally revealed who was the sender of last week’s Ethereum transactions with abnormally high fees.
  • Sender of USD 5.3 Million ETH Transactions Reportedly Revealed
    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.
  • Alleged Ponzi Scheme Sent the $5 Million in Ether Gas Fees
    Alleged Ponzi Scheme Sent the $5 Million in Ether Gas Fees
    The origin of the abnormal Ether transactions that paid more than $5 million in gas fees seems to be Korean “exchange” GoodCycle. After a week of searches, it appears that the culprit behind at least two of the anomalous high fee transactions on Ether (ETH) was found. As reported by Chinese blockchain analytics company PeckShield on June 16, the originating address appears to be coming from Korean platform GoodCycle, a recently launched peer-to-peer exchange that provides “investment” opportunities to its users. According to PeckShield, this platform shows all the signs of a Ponzi scheme, which would explain its rapid rise in popularity. The analysts conducted a thorough blockchain analysis and found that a wallet beginning with “0xcdd6a2b” was the origin of the first two transactions.
  • Researcher Refutes ‘Blackmail’ Theory Behind Mysterious Ether Transactions
    Researcher Refutes ‘Blackmail’ Theory Behind Mysterious Ether Transactions
    The abnormal transaction fees from last week may not be blackmail after all, according to Alex Manuskin, a blockchain researcher at wallet company ZenGo. Last week, the crypto community spotted transaction fees of up to $2.6 million featured in several transactions on the Ether (ETH) network.
  • Fireblocks Adds Crypto-Tracing Tool to Guard Against Money Laundering
    Fireblocks Adds Crypto-Tracing Tool to Guard Against Money Laundering
    Fireblocks has teamed up with Chainalysis to help flag high-risk transactions passing through its platform.
  • Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall
    Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall
    Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim.
  • Fireblocks Integrates Chainalysis' Know Your Transaction Feature
    Fireblocks Integrates Chainalysis' Know Your Transaction Feature
    Fireblocks will now utilize Chainalysis' Know Your Transaction tool to streamline compliance and Anti-Money Laundering measures. Blockchain analysis company Chainalysis is partnering with institutional digital-asset security specialist Fireblocks to integrate its Know Your Transaction (KYT) system to monitor crypto transactions within the platform. According to an announcement on June 15, the addition will strengthen Fireblocks' security standards and Anti-Money Laundering (AML) compliance. Strengthening AML compliance KYT allows users to automatically screen transactions based on risk standards and ensure that non-approved trades aren’t executed without manual review.
  • BTC Transaction Fees Drop to Pre-Halving Level
    BTC Transaction Fees Drop to Pre-Halving Level
    After a peak in transaction fees on the Bitcoin (BTC) network was seen less than a month ago, the fee paid to miners for processing transactions is now back at levels seen in April, a time well before the third halving in May. On Sunday, June 14, the median BTC transaction fee was USD 0.205, or 95% less than on May 20.
  • Ether Mining Pool Decides to Pocket One of the $2.6M Fee Transactions
    Ether Mining Pool Decides to Pocket One of the $2.6M Fee Transactions
    The Ether mining pool that received the second $2.6 million fee abnormal transaction announced that it will distribute these funds to miners after four days. Ether (ETH) mining pool Etherchain decided to distribute the $2.6 million in fees it received as part of the abnormal string of transactions seen last week. According to a tweet published on June 15, the pool will distribute the windfall to all miners who participated in that block, according to a snapshot taken at the time of the transaction. Justifying the decision, the company said that “given the amount involved we believe four days is sufficient time for the sender to get in touch with us.” The company further revealed that several actors got in touch claiming to be the owners of the account, though they were not able to provide a valid signature that would conclusively prove they were the original owners. Core Ethereum developers Vlad Zamfir and Péter Szilágyi criticized the decision, with Zamfir being particularly befuddled.
  • Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers
    Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers
    Hackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests.
  • Bitcoin Transaction Fees Drop Under $1, Returning to April Levels
    Bitcoin Transaction Fees Drop Under $1, Returning to April Levels
    After increasing more than 1600% between April 5 and May 20, Bitcoin transaction fees have now dropped to $0.56.
  • Bootstrapping Mobile Mesh Networks with Bitcoin Lightning
    Bootstrapping Mobile Mesh Networks with Bitcoin Lightning
    Richard Myers says the future of ad-hoc mesh networks for SMS messages and Bitcoin transactions on your smart phone is here, but it needs the Lightning network to succeed.