Archived Posts

The number of Bitcoins (BTC) withdrawn from cryptocurrency exchanges saw a new high on July 8. The withdrawal was led by Coinbase. 20,660 net Bitcoins were moved out of exchanges yesterday, as per data provided by Glassnode. It is the largest outflow of Bitcoin from cryptocurrency exchanges in a single day, a pattern usually perceived   Read more...

In a span of 24 hours from the roll out of staking service, $16.70 million worth KNC (Kyber Network Crystal), native cryptocurrency of Kyber Network, has been staked. Kyber Network is an Ethereum-based covenant that facilitates “instant exchange and conversion of crypto tokens and cryptocurrencies (Bitcoin, Ether, ZCash, etc.) with huge liquidity.” It fundamentally differs   Read more...

Malaysia’s Shariah Advisory Council, which functions under Securities Commission, in a notable announcement, has approved digital assets trading. The Malaysian Shariah Advisory Council is the government body which supervises the enforcement of Islamic laws in the functioning of financial institutions that follow the tenets of Islam. While participating in Invest Malaysia 2020 on July 7,   Read more...

BitFlyer, the largest cryptocurrency exchange in Japan by way of trading volume, has entered into collaboration with Brave, a browser safeguarding privacy. As per announcement, BitFlyer and Brave will create “a crypto asset wallet for Brave browser users.” However, additional details about the new cryptocurrency wallet were not provided. Those who utilize Brave browser in   Read more...

Circulor, a blockchain firm focused on traceability, has received investment from Volvo Cars Tech Fund. Volvo had earlier used the company’s tracking platform to monitor cobalt used in its batteries. A major portion of cobalt mining is carried out in Africa under dubious environment and allegedly involves child labor. In a time when consumers wish   Read more...

Dogecoin (DOGE) advocates have warned traders to avoid speculation in the meme-based cryptocurrency after its price rallied 50% in the last 24 hours. Specifically, the crypto enthusiast behind twitter handle @Dogecoin has requested investors to “be mindful of the intentions people have when they direct you to buy things.” In the last few days, Doge   Read more...

Kyber Network has completed a mainnet protocol upgrade in addition to taking its decentralized finance (DeFI) platform live. Specifically, Kyber completed its Katalyst Protocol Upgrade along with the launch of KyberDAO, a decentralized finance (DeFi) solution. Catering to the growing popularity of DeFi wave, Kyber Network employed Katalyst to assist in increasing KyberDAO’s liquidity. The   Read more...

Chainlink (LINK) hit a new historical high of $5.60, reflecting a gain of 15% in a day. The rally happened against the backdrop of news that China’s Blockchain Service Network (BSN) was rolled out last weekend. The BSN had in the past few weeks embedded Chainlink’s price oracles in its network. The founders of the   Read more...

Another vital Bitcoin (BTC) measure has reached a fresh historical high as miners commit more computing resources to back the network. Data from several resources related to Bitcoin affirms that the weekly average hash rate of Bitcoin has attained a new high. The accomplishment follows multiple weeks of increase in hash rate, with the weekly   Read more...