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“# Active Bitcoin addresses surged 30% in late July, data shows ” Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge…
“# Binance cuts withdrawal limits, rolls out tax reporting tool ” Binance, the world’s biggest cryptocurrency exchange by trading volumes, continues its efforts to maintain dialogue with global regulators by introducing withdrawal limits and a new tax reporting system. The company officially announced Tuesday a major update to its Know Your Customer (KYC) policies, significantly…
“# Newly found Monero bug may impact transaction privacy, developers warn ” Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users’ transaction privacy. On Monday, the official Monero Twitter account warned users of a “rather significant bug” that has been spotted in Monero’s decoy selection algorithm, a system designed…
“# ‘Undo Button’ developer Kirobo launching decentralized P2P token swaps ” Israeli blockchain tech developer Kirobo is launching a decentralized P2P token swap solution. According to the company the protocol, dubbed “Atomic Safe Swap,” offers a decentralized peer-to-peer trading alternative to centralized marketplace exchanges or over-the-counter (OTC) desks, and is set to launch on July…
“# Record network activity and a second NFT boom send WAX price higher ” Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity. Another NFT-focused protocol that has been gaining…
“# Record low Bitcoin velocity suggests BTC may ‘move to the downside’ ” In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session. The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the…
“# El Salvador Bitcoin move will put pressure on network: JPMorgan ” American megabank JPMorgan has continued criticizing El Salvador’s declaration of Bitcoin (BTC) as legal tender, warning of the potential risks for both the country and the cryptocurrency. A JPMorgan expert group led by economist Steve Palacio released a report suggesting that El Salvador…
“# 3 reasons why Constellation (DAG) price outperformed most altcoins this week ” The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention. One…
“# Fiat-to-crypto onramp Simplex integrates SEPA Instant for European partners ” Cryptocurrency payment provider Simplex has added SEPA Instant to its list of payment methods, giving European partners the ability to move funds into digital assets with greater ease and flexibility. SEPA stands for Single European Payment Arena, which enables payment harmonization across the European…
“# Bitcoin and Ethereum transaction fees sink 95% from all-time highs ” The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months. Fees are paid to the miners who process transactions on a typical proof-of-work blockchain….