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Two years ago, three individuals filed a lawsuit against Chase Bank NA, the sixth-largest bank globally and a subsidiary of banking giant JPMorgan Chase & Co. The lawsuit was filed because Brady Tucker, Ryan Hilton, and Stanton Smith were charged huge fees for purchasing cryptocurrency, with the allegations that the bank didn't warn them in advance regarding a change in its policy. The allegations put forward in the lawsuit noted that the bank's customers who used their credit cards to…

According to the founder and CEO of Tron, Justin Sun, there are now 6 million addresses on the Tron network. This notable milestone is due to the increasing number of dApps developed on the network which has become 768 as at last week. https://twitter.com/justinsuntron/status/1266293187645071360 In 2020, the decentralized blockchain network recorded a remarkable increase in use, in spite of its falling market capitalization. As revealed by data from blockchain explorer Tronscan, the number of new addresses created on the network has been…

Here are two new metrics from the top cryptocurrency data aggregator CoinMarketCap (CMC). The new metrics is to rank exchanges and market pairings according to several factors that are aimed at reducing the effect of fake volume on the platform’s data. In recent times, CMC presented some changes which proved controversial for favoring its new parent firm Binance, thereby requiring the changes just introduced. On May 29, CMC presented its new ‘Confidence’ metric for the identification of suspicious volumes reported by exchanges.…

TRON Founder and CEO Justin Sun recently set Twitter on fire with the TRON 4.0 launch announcement.  Founded in 2017, TRON is mainly designed to exploit blockchain technology and the Peer-to-Peer network to erase the need for middlemen in its ecosystem. Fuelled by the ambition to create a fully decentralized blockchain, the platform has partnered with various firms and attracted many developers and users.  Sun's latest tweet about TRON 4.0 triggered new excitement among blockchain users and fans. But what…

Throughout the previous few weeks, analysts noted that BTC was eventually looking for a local top. Bitcoin has been rejected at $10k price range three times in the past few months. The rejections led to people’s reconsideration of their bullish stance on Bitcoin because this level is important. Market participants have been considering data from financial derivatives like futures and options to understand cryptocurrency price movements over the previous few months, as they keep providing crucial information. According to derivatives…

In the early hours of May 27, Bitcoin was able to move above $9k to attain $9.2k, after it spent some days below $9k price level. The move may seem small when it comes to percentage basis, but it has remarkable significance in terms of technical factors. The $9k level has since become a key technical and psychological level for Bitcoin. Bitcoin’s ability to surge above it once again presents some signals which suggest a possible rally above its monthly…

On May 27, the lower parliament in Antigua and Barbuda passed a cryptocurrency regulation bill to make the country a digital asset-friendly destination in the Caribbean. The cryptocurrency regulation bill is a regulatory framework known as “The Digital Assets Business Bill 2020,” aimed at regulating cryptocurrency firms operating on the island as well as in protecting both exchanges and their customers. One of the key features of the bill is the compulsory license which every business related to digital assets must obtain to…

The most recent data has shown that Bitcoin (BTC) futures platform Bakkt is currently seeing the majority of its contracts settled in BTC, not cash. According to the provider of real-time data analytics for Bitcoin and Ether derivatives, Skew, the latest data on May 26 shows that Bakkt’s physically-settled Bitcoin Futures produced $34m, cash-settled Bitcoin Futures produced $9.3m and total open interest was $7.6m. Likewise, Bakkt’s physically-settled BTC Futures recorded a daily volume of $43m on the same day. The data shows that…

Hackers continue to inject malware through various means into computer systems of unwary individuals and organizations to mine cryptocurrencies. It seems a cryptocurrency mining malware has infected thousands of enterprise systems, based on the discovery of malware analysts from cloud security company Red Canary. The cryptocurrency mining malware is said to be operated by a group tracked under the codename of Blue Mockingbird. The activities of the Blue Mockingbird group seem to have started since December last year, based on Red Canary's…