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Another cryptocurrency has been assigned an emoji on Twitter and it is not ETH, USDT, XRP or any other top cryptocurrency as numerous individuals were anticipating ETH to get it following BTC. The new Twitter emoji was assigned to cryptocurrency payments platform Crypto.com. Anytime anyone types the hashtag #CRO, the emoji will appear automatically. This makes the firm’s native cryptocurrency the second coin to be assigned an emoji on Twitter following BTC. However, what makes this feature worthwhile is the…

Part of the Bitcoin stolen by hackers from a hack against cryptocurrency exchange Bitfinex in 2016 has been moved. The hackers did not touch the funds worth millions of dollars for about four years. The movement of the funds was noted by Whale Alert, a Twitter bot that tracks the movement of large trades. It was carried out in twenty transactions and the value of each transaction was between 18 and 33 Bitcoin. The transaction with the lowest value was worth $184,868 while the highest was worth…

A recent report by TokenInsight noted that China is losing its dominance over the Bitcoin mining industry. The report released by the cryptocurrency analytics company cited data from Cambridge University’s Centre for Alternative Finance. According to the data, the aggregate electricity usage of Bitcoin miners from China was 75.63 percent in September last year and it declined to 65.08 percent by April 2020. During the same period, the data revealed that electricity consumption from Bitcoin miners in the United States rose from 4.06 percent to 7.24 percent. Similarly, it seems Bitcoin mining…

On June 10, the biggest crypto exchange in the U.S. noted its continuous efforts toward exploring the addition of new assets for customers worldwide, even as its focus is on offering support for all assets that meet its technical standards and which comply with applicable laws. According to the San Francisco-based crypto exchange, it is currently reviewing the adoption of an additional 18 tokens which includes tokens yet to be launched. The firm listed the tokens as follows: “These new assets include,…

On May 12th, 2020, Telegram founder and CEO Pavel Durov announced the Telegram Open Network (TON), the messaging company's highly anticipated blockchain platform. The news that Telegram had been forced to abandon its TON project symbolized sustained pressure from regulators in the U.S to impede social media-backed cryptocurrency ventures. That said, the project's source code remains freely available on Github, so other developers can technically use it to develop their version of the Telegram Open Network. The original TON development…

In Japan, a cryptocurrency company Freessets has announced a new technology for the enhancement of Bitcoin wallet privacy. The top enterprise cryptocurrency wallet provider came up with the new technology using a protocol in cryptography known as Private Information Retrieval (PIR). The technology was implemented using a customized version of Microsoft SealPIR which is among the PIR implementations. Microsoft SealPIR uses Microsoft SEAL, which is an entirely homomorphic encryption library. Based on the announcement on June 8, it is now possible for…

Technically, the performance of Ethereum has recently been relatively dull, with bulls striving to gather any remarkable uptrend as the cryptocurrency asset closely tracks the performance of Bitcoin. A data metric reveals investors’ heavy accumulation when ETH incurred a recent downturn. Hence, they have gained profit which has attained a historical area of barrier, as 80 percent of ETH’s supply is now in a state of profitability. Analytics platform Glassnode noted that 80 percent of the aggregated ETH supply is currently profitable.…

ETH 2.0 staking node requires Ethereum wallets to have a minimum of 32 ETH and according to data provided by Arcane Research and Nansen AI, the number of Ethereum wallets with the minimum number of tokens have increased by 13 percent in 2020. The cryptocurrency space is awaiting the TBD launch of Ethereum 2.0, while ETH buyers are accumulating tokens in anticipation of the update apparently in an attempt to claim the supposed staking nodes that will be important to ETH’s upgrade. The analytics…

The impact of the outage that ensued on Coinbase platform on June 1 affected Coinbase.com, pro.coinbase.com, as well as their mobile applications. On June 6, Coinbase released a post mortem regarding the outage that happened just as Bitcoin attained $10k price level. The exchange noted that trading through the API which accounts for the majority of trading volume, remained functional throughout this time. They were quick to discover what caused it and remediated the issue. In the blog post, the US-based…