Archive for  May 2020

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Pavel Durov wrote in his public channel Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). An accompanying blog post said the SEC’s winning of a preliminary injunction in a U.S. court led to the decision because it barred Telegram from launching TON or distributing its gram tokens.

The feature will allow users of Binance’s US affiliate to process orders worth $10,000 or more directly between customers, off of the normal exchange’s order book. Catherine Coley, CEO of Binance America, announced the launch during Consensus: Distributed on Monday.

The average fee of BTC transaction hit $3.19, which is more than 300% from the average fee of $0.62 on April 26. The last time the average BTC transaction fee was over $3.00 was in July 2019. Many traders have become increasingly bullish on Bitcoin as the block reward halving approaches.

The coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is looking to double its cash-for-bitcoin capable supermarket machines. The doubling would happen “within a year,” Vice President of Product Michael Jack told CoinDesk. He said Coinme bitcoin ATM growth “both on a per location and overall basis, has been very strong.”

Michael Maloney, chief financial officer of Coinmint LLC, a crypto mining company with operations in upstate New York, examined data from the Bitcoin blockchain and forecasted the halving would take place around 1 a.m. New York time on Tuesday, May 12. The earlier arrival of the once-every-four-years event, is the product of bitcoin’s recent price surge above $9,000, at a time when some computer operators on the network have already been pushing to upgrade to faster, more efficient machines.

Amun lets traders make gains whenever bitcoin’s price falls. The daily inverse token returns gains based on inverse price movements of bitcoin in a given 24-hour period. The product complements a recent bitcoin inverse exchange-traded product (ETP) released by Amun in January and now overseen by sister firm 21Shares following a March rebranding.

Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin in deposits — worth over $380,000,000 — since its launch back in August 2018. With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%.