This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Top of the food chain This probably won’t come as a surprise to anyone in the crypto industry, but Binance founder CZ has been crowned the richest Chinese…
This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further. On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend…
MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for…
In brief A new report from cybersecurity firm Sophos details a new variant of the Tor2Mine malware. The malware installs a Monero crypto-miner that is more aggressive than previous variants. We know, we know: Your blockchain is unassailable. But you still need to update your antivirus software. Otherwise, this Monero miner could eat into your network. In a new report…
Jurors in the Kleiman v. Wright trial are currently unable to come to a decision on the high-profile billion-dollar bitcoin lawsuit in Florida. While the judge has told the jury to take time deliberating the case, on Wednesday, the jurors issued a statement that explained they could not “come to a conclusion.” Kleiman v. Wright Jurors Unable to Make a…
Cryptocurrency exchange Okcoin has announced Randi Zuckerberg — the sister of Meta CEO Mark Zuckerberg — will be joining the platform’s brand advisory council in its aim to bring more women into crypto. In a Thursday announcement, Okcoin said that in addition to hiring Zuckerberg, the exchange would be committing $1 million in an attempt to reach a 50% female…
Chile may be the next Latin American country to embrace Bitcoin and other cryptocurrencies in one form or another. Lawmakers in the country are currently working towards legislation that would legalize the use of Bitcoin as a means of payment, and the Chilean government is already warming up to the idea of developing its own central bank digital currency. Will…
This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry. ETH/BTC price at FTX.…
Crypto exchanges aren’t content to just suck up revenue from Bitcoin and altcoin trades these days. They’re charging hard into NFT trading. Blockchain.com, the wallet and trading platform led by CEO Peter Smith, today teased its marketplace for buying, selling, and holding Ethereum-based NFTs. The company says the feature will be available within weeks; it’s currently taking waitlist signups. “We…
sponsored UK and Swiss based gaming and blockchain company, GAIMIN.IO Ltd has developed a PC-based platform to create a global, decentralised data processing network with “supercomputer” level performance. The GAIMIN platform utilises underused processing power available from high performance GPUs and rewards users in its own cryptocurrency, GMRX, for participation in the GAIMIN data. Why is the GAIMIN platform needed?…
