Another Bitcoin Trading Product Launch by CME

Mainstream market exchange, the Chicago Mercantile Exchange (CME), recently posted record numbers for its Bitcoin (BTC) trading products.  May 14 returned an open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC an all-time high for the product. Per the information by a CME representative, another record …

Launch of Ethereum 2.0 Multi-Client Testnet, Expected in June

On May 14, an after-action report of the Ethereum 2.0 developer call reveals that the majority of the work is devoted to fixing code bugs and improving ways of detecting them and the Schlesi testnet was successful enough to hope for a more official multi-client testnet in June based on 0.12 specs. …

95% of Blockchain Transactions on XRP, EOS and Tezos Don’t Transfer Any Value

According to a new research study, only 2% of transactions on the XRP ledger and 18% of transactions on Tezos (XTZ) lead to value transfers and most of the transactions on EOS, Tezos and XRP do not transfer any value. They noticed that the 95% transactions on EOS during Oct 1, 2019, …

BHP Group completes first yuan-based iron ore sale to China’s Baosteel Group

BHP Group, Multinational mining titan foresees to complete its first blockchain iron ore transaction shortly with major Chinese Baowu Steel Group’s listed arm, Baosteel. On May 12, BHP announced, a sale of iron ore worth of $14.10 million (100 million yuan) to Baosteel last month, as reported by Reuters. The progress toward …

OTC Crypto Exchanges Helped Prevent Bank Rob of $5M in Brazil

With the help of local OTC trading desks, hack of a $5 million that puzzled investigators in Brazil has been stopped. Online robbery in Brazil targeting Banco Santander, a Spanish multinational financial institution, was prevented after the funds were caught with local over-the-counter (OTC) crypto exchanges. The violators quickly moved …

‘Massive’ Class-Action Lawsuit Filed by Crypto Adoption Conference Attendees

David Silver, Securities fraud and investment loss attorney has registered a class-action lawsuit on behalf of attendees against the organizer of the cancelled Massive Adoption crypto conference, charging compensation for damages following its cancellation in January. Per the Complaint filed on May 7, a crypto conference that was assumed to be held …

Now 25X Faster Data Rate On The Network of Blockstream Satellite 2.0

The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and now it is possible to download a full node program without an internet connection with the updated protocol for their satellite service. The satellite network of Blockstream carrying the Bitcoin blockchain …

New Record Set By Bitcoin Hash Rate in 8 Days From Halving

On May 3, the Bitcoin (BTC) hash rate posted a new all-time high (ATH) of higher than 150 Exahashes per second (EX/s) in just eight days from the halving and after the mid-March price crash by 40% over two weeks, started to a small journey of miners operating older hardware. …

Ethereum Co-founder Says Issuance of ETH 2.0 Will Be 2 Million a Year If Everyone Participates

Vitalik Buterin, the co-founder of Ethereum, announced that issuance on the Ethereum 2.0 upgrade will be decreased in a podcast interview with POV Crypto called “Internet Money”. Buterin described why the team decided Proof of Stake as the upgraded consensus mechanism, analysing some of the variations between Bitcoin (BTC) and …

To Ensure Quick Withdrawals: Binance and OKEx paid high Ethererum Fees on the Ethereum Blockchain Network

Data reveals that to ensure quick withdrawals for users, Binance and OKEx, the two major crypto exchanges Paid High Ethererum Fees. Blockchain and crypto analytics firm Flipside Crypto data on March 13, shows that when the Bitcoin price fell to $3,600, Binance and OKEx spent large fees for Ethereum (ETH) withdrawals, a …

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