Archive for  March 2020

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It has been reported that one of the largest crypto exchange Binance is in the final stages of talks to acquire the biggest crypto market data provider CoinMarketCap for up to $400 million. In February, Binance had almost 24 million visits, while CoinMarketCap had 37 million, according to digital market intelligence platform Similarweb.

The new product will allow traders to benefit from market volatility. The product is similar to a futures contract that mimics the cryptocurrency’s spot price, but it has no expiry or settlement. Usually, platforms exchange payments between buyers and sellers every 8 hours.

Microsoft plans to create a new cryptocurrency that’s still mined using PoW–except replacing expensive power-intense mining rigs with basic human energy. Microsoft’s cryptocurrency would make use of body activity data, which would allow individuals to mine crypto and replace the need for ASICs.

In collaboration with a cryptocurrency service provider, Tron has now launched a new feature that allows the buying of TRX with fiat currency in the Metal Pay mobile application. Furthermore, Tron users can also earn up to 5% cashback in MTL, Metal Pay’s proprietary tokens, on eligible transactions for sending and receiving United States dollars.

Fake “Ledger Live” Chrome extensions that are stealing its victims’ backup phrases to get its hands on their cryptocurrency. The chrome extensions are used to collect user backup passphrases. They are advertised in Google searches and use Google Docs for collecting data. Accounts are being emptied and we have seen more than 200K XRP being stolen the past month alone.

The HashCash Consultants announced its upcoming “Corona Fund Index Cryptocurrency” (CFIX), which promises traders the opportunity to “earn profits even during corona-crisis induced bear market.” The press release describes the cryptocurrency as being inversely correlated to the S&P 500 through “the backing of an inverse-exchange-traded fund (ETF).”

Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin price drop to a 2020 low at $3,775. The fund has now issued a letter to its investors announcing the closure of the fund and the return of all remaining assets to investors.

One of the leading crypto exchanges explained such move as a reflection of the increasing competition within the altcoin space, and could prompt considerably more market volatility. 87 will be completely dropped from the exchange, whereas others will only lose their Ethereum (ETH) pairing. The removal of these trading pairs will serve to consolidate and improve liquidity on Bitfinex, leading to a more streamlined and optimised trading experience for our users.

In a move to attract more crypto companies, the governor’s office of Hawaii revealed its new ‘Digital Currency Innovation Lab’ on March 17 — a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC).

US users of the Opera mobile and desktop web browsers will be able to make faster and easier crypto purchases – with United States-based Android users now able to buy using their debit cards, and iOS users able to buy both bitcoin (BTC) and ethereum (ETH) directly from the browser’s own crypto wallet using Apple Pay.