Tech

Bitcoin rewards platform Lolli has announced its partnership with leading online marketplace eBay. The partnership is seen as a major one for the platform in its quest to increase Bitcoin adoption. Users To Earn Ebay Rewards In Bitcoin Lolli is an online rewards app that has proven to be popular within the crypto ecosystem. It allows users to earn Bitcoin as they make purchases online. With the partnership, millions of eBay users will earn 1% of their online marketplace purchases.…

Anonymous payment network Zcash (ZEC) recently had its halving where rewards are reduced by half. This major development is set to change the dynamics of the privacy coin. Zcash Undergoes First Halving Just like Bitcoin (BTC), Zcash uses a periodic mechanism to control inflation on its blockchain called ‘’Halving’’. Halving reduces the mining rewards generated by miners and helps to reduce inflation. Until yesterday, 6.25 ZEC were generated from each block. Since the halving, miners will only be rewarded with…

Bitcoin’s rise in the past few weeks has been an exciting ride for traders and investors who have been able to rack in profits. However, the recent developments in the last 24 hours show the thin line between profits and losses. $805 million Liquidated Bitcoin made quick gains in the early hours of the day, surging past the $18,000 barrier to set a new yearly high of $18,472.  Soon after achieving this milestone, Bitcoin suffered a flash crash within minutes,…

The U.S Securities and Exchange Commission (SEC) has revealed that it received over $1.2 billion in fines from Illegal ICOs. This figure was part of the $4.86 billion generated by the financial watchdog from illegal fines and incomes in 2020. The information was revealed in the SEC annual report for the current fiscal year and published in November. The SEC report also included a broad overview of the agency’s actions and included eight ICO judgments received in 2020. The securities…

According to the latest reports, hackers are stealing an average of $10 million monthly from Decentralized Finance (DeFi) protocols. CipherTrace, a blockchain analytics platform, revealed this information today in a comprehensive report on the crypto space. DeFi Protocols A Major Target For Hackers According to the report, 40% of all crypto hacks in the first half of 2020 was targeted at DeFi protocols and exchanges. This resulted in a total loss of $51.5 million from January to June from these…

The crypto bank Sygnum now offers its customers Tezos staking (XTZ), with an annual interest rate of 5%. Based in Switzerland, Sygnum becomes one of the first banks in the world to introduce such a service. According to a statement from the bank, customers can now buy XTZ with Swiss francs (CHF), Euros (EUR), Singapore dollars (SGD), and US dollars (USD). Each client asset will be held in highly secure portfolios and stored individually to minimize asset risks. Sygnum will…

According to a Reddit post, a Uniswap user has accidentally paid 23 Ether for a transaction of $120. These 23 Ethers are currently worth $9747. As per the user, the mistake happened while making the transaction on Uniswap using the Metamask wallet. How did it happen? While making the transaction via Metamask, the user accidentally typed in the "Gas Price" field instead of "Gas Limit." Gas price stands for the amount of Ether you are willing to pay for each…

German professional football club Borussia Dortmund (BVB) has announced a multi-year partnership with the Crypto trading platform Bybit. The partnership was revealed today on Twitter and is expected to open doors of opportunities for the German football club to innovate using blockchain technology. Bybit is one of the top crypto derivatives exchanges in Asia and supports trading BTC, ETH, EOS, and XRP perpetual contracts. The crypto exchange is also known for its huge liquidity and fast transaction speeds.  The partnership…

The Financial Service Commission (FSC) in South Korea will ban privacy-centric digital assets or “dark coins” from crypto exchanges. Also, Virtual asset providers will no longer be allowed to handle transactions involving privacy coins. In an official announcement on the 3rd of November, the Financial Services Commission stated its privacy coins position. According to the announcement, there have been updates to the current regulations for exchanges with privacy coins. The regulation in concern is the Special Payment Act that offers…