A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes to Cryptocurrency Bill Can Make…
After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%. However, Bitcoin (BTC) has not been able to replicate the performance of the United States equities markets and is threatening to paint a red candle for the ninth week in a row. A positive sign is that Bitcoin whales have…
A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher today, to a daily high of 2.79 ether.…
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies Allegedly Help Belarus Government With Crypto Seizure Belarus had to deal with the challenge of how to seize cryptocurrencies when they…
A blockchain reorganization attack refers to a chain split in which nodes receive blocks from a new chain while the old chain continues to exist. On May 25, the Ethereum Beacon chain suffered a seven-block reorg and was exposed to a high-level security risk called chain organization. Validators on the Eth2 (now consensus layer upgrade) Beacon Chain became out of…
Imagine a throng of fashionistas as they file into a great glass dome: one dressed in an alien-green corset, another in a tight, furry dress likely derived from the pelt of a Wild Thing. As each person enters the dome, the structure changes for them in real time. The woman in the furry dress looks up at a massive display…
Crypto volatility is nerve-wracking, and it may not be over yet. The turmoil may make crypto investors and crypto-related businesses less enthusiastic than when prices seemed ever to be climbing. With the market falling off a cliff, there will be big losses to claim on your taxes, right? Not necessarily. As your United States dollars shake out in the digital…
Illustration by Mitchell Preffer for Decrypt It was the eighth consecutive week of broader crypto market losses—although Bitcoin proved to be one of the more robust coins over seven days, taking just a 2% hit—but Crypto Twitter was comparatively quiet. That didn’t stop “Pharma Bro” and convicted fraudster Martin Shkreli—infamous for raising the price of toxoplasmosis drug Daraprim by 5,000%—barely…
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Stocks correlation offers no comfort to BTC bulls Data from Cointelegraph Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history. Already…
The Great Pyramid of Egypt held the record for tallest man-made structure for at least 3,800 years, and its 2.3 million blocks weigh 6 million tonnes. The massive granite blocks forming chambers at its core weigh up to 80 tonnes each and are situated over 40 meters above ground level. It is at the very least 4,500 years old, and…
