Bitcoin News

Study: Bitcoin Derivatives Exchanges Register Record Trading Volumes

Cryptocurrency research firm Diar has indicated that institutional traders recently registered record high volumes on bitcoin (BTC) derivatives exchanges in a report published on May 21. Per the report, bitcoin derivatives trading on the Chicago Mercantile Exchange (CME) hit an all-time-high for two months in a row. Bitcoin derivatives trading volume on CME. Source: Diar Cryptocurrency exchange BitMEX is reportedly also […]

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Firefox Quantum Offers Anti-Cryptojacking Feature

Firefox Quantum, the latest version of open-source internet browser Firefox, has a new privacy toggle that protects against cryptojacking, according to a blog post by Mozilla on May 21. Mozilla previously warned official blog post that websites can deploy scripts that launch a crypto miner on a user’s machine without them being aware — a practice known as cryptojacking. To combat these exploitative practices, Mozilla partnered with online privacy company […]

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Central Bank of Laos Issues Warning Against Using Cryptocurrency

The central bank of Laos has warned the public against the use, purchase or sale of digital currencies, local news outlet Vientiane Times reported on May 21. The Bank of the Lao PDR has issued a warning to financial market participants and the public against cryptocurrency transactions as they are considered illegal in the country. The bank previously banned financial institutions […]

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Dutch Bank ABN AMRO Launches Blockchain Inventory Tracking Platform ‘Forcefield’

Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield in a press release published on May 17. Per the announcement, the platform is an Internet of Things solution that allows the monitoring of physical trade inventories with sensors and near-field communication chips. Forcefield was developed over the past year as a stand-alone product and became an independent company […]

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Low Turnout Hinders MakerDAO Vote to Decrease Stablecoin Stability Fee by 2%

The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20. The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, May 19. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar […]

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Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity

Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting blockchain technology if regulatory certainty can be achieved, according to a reportby local news daily The Chronicle on May 20 Bgoni, while in favor of blockchain technology, is waiting to apply blockchain technology at ZSE until regulatory certainty issues have been resolved: “Then there […]

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Bitcoin Has Soared Above Intrinsic Value During Latest Rally, JPM Strategists Claim

Strategists from United States banking giant JPMorgan Chase (JPM) have argued that bitcoin(BTC)’s recent rally has ostensibly soared past what they calculate to be its intrinsic value. Their analysis was reported by Bloomberg on May 20. The strategists — who reportedly include JPMorgan global market strategist Nikolaos Panigirtzoglou —  judge that the top coin has recently been trading in a way that mirrors […]

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Senior Official in Russian Parliament Says That Cryptos Can Ruin Governments 3646

A senior official in Russia’s parliament, the State Duma, has argued that cryptocurrencieshave the potential to ruin governments, Russian financial media agency Rambler reported on May 20. Nikolai Arefiev, a member of the Communist Party of the Russian Federation and vice-chairman of the Duma’s committee on economic policy, innovative development and entrepreneurship, claimed that cryptocurrencies were created in order to hide large offshore […]