[ad_2][ad_1] On Friday, Chinese bitcoin mining platform maker Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The company revealed the news of the expansion when it announced a recent partnership with New York-based Foundry Digital LLC. Microbt’s Whatsminer mining …
Read More »Over $ 150 million drained into KuCoin Crypto Exchange Hack
[ad_2][ad_1] About $ 281 million worth of funds from an Asian cryptocurrency exchange were compromised due to a security breach. Singapore-based digital asset exchange KuCoin said in a statement that it detected large withdrawals of bitcoin (BTC) and ethereum (ETH) tokens on an unknown wallet as of 19:05 UTC on …
Read More »Ripple’s new nonprofit strengthens XRP pricing
[ad_2][ad_1] Key points The XRP Ledger Foundation was created to help accelerate the development and adoption of the Ripple blockchain. The announcement was enthusiastically received within the XRP community, pushing prices to a barrier of critical resistance. Turning the $ 0.24 hurdle into support would help XRP climb to its …
Read More »Would you like to buy Litecoin and other top alt at mid-2017 prices? Here’s your second chance
[ad_2][ad_1] Several crypto assets are currently priced close to mid-2017 valuations, potentially offering laggards a second chance. One important caveat, however: these assets may never reach their maximums again, or even fully increase from here. Buyers are careful and do their own research. Litecoin (LTC) settled at a price of …
Read More »Egyptians turn to Bitcoin during the coronavirus crisis
[ad_2][ad_1] 25 September 2020 CAIRO – Bitcoin’s daily value skyrocketed on September 16, according to the CoinDesk website that specializes in monitoring cryptocurrency news. It fluctuated between $ 10,662 and $ 11,099, a 32% increase from its value in September 2019, when it stood at $ 8,085. These rapid increases …
Read More »Bitgo plans to launch Wrapped Bitcoin on the Tron Blockchain
[ad_2][ad_1] Soon there will be another network that will allow people to tokenize BTC to take advantage of the speed and rates of the underlying blockchain. On September 24, Bitgo, the custodian of the Wrapped Bitcoin (WBTC) project, the most popular tokenized BTC platform to date, announced a partnership with …
Read More »XRP is predestined as a neutral bridge asset between CDBC
[ad_2][ad_1] Source: Wit Olszweski – Shutterstock RippleNet and XRP are predestined to create a “network of networks” that will enhance the benefits of individual CBDCs. According to Ripple, open protocols and the creation of standards are a fundamental prerequisite for CBDCs to be interoperable around the world. In a new …
Read More »The new XRP Ledger Foundation receives $ 6.5 million in donations from Ripple and others
[ad_2][ad_1] The new XRP Ledger Foundation raised $ 6.5 million from Ripple, Coil and GateHub. This non-profit and open organization was created with the aim of accelerating the development of the XRP ledger, the blockchain on which the XRP token runs. All three platforms that raised the funds were built …
Read More »Indian police investigate the cryptocurrency exchange and the founders allegedly run a scam
[ad_2][ad_1] Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly mislead Indian investors after receiving multiple complaints. The complainants also allege that the company moved abroad without returning their investments. Police Investigate Crypto Scam After Multiple Complaints Forty-three people have filed complaints with the Delhi police regarding …
Read More »BitGo is bringing DeFi-compatible Bitcoin wrapping to the Tron blockchain
[ad_2][ad_1] Tron, the blockchain launched in 2017 by former Ripple devotee Justin Sun, has formed a strategic alliance with BitGo custody specialists. The partnership will bring BitGo wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token. (The token is backed roughly 1: 1 by bitcoins deposited by users …
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