Crypto VC Firm Assesses the ‘State of Blockchain Governance’

Everyone in crypto has been talking about decentralized finance (DeFi) since bankless lending started to boom in June. But, looked at another way, it’s really a governance boom. Into this environment has stepped Greenfield One, an early-stage venture capital firm that just published a comprehensive new resource on the topic of blockchain governance. Take, for example, COMP. DeFi has been hot ever since Compound started distributing its COMP governance token on June 15. COMP didn’t introduce new features to the product, it just gave users a means to voice how…

Data Breach at Crypto Wallet Firm Ledger Exposes User’s Personal Info

Major cryptocurrency hardware wallet provider Ledger has alerted customers to a data breach it faced in June and July. In an email on July 29, the company said it was made aware of the breach on July 14 when a researcher participating in its bounty program reached out with details of a potential vulnerability on their website. While they were able to fix the breach immediately, a further investigation by the team found that an authorized third party carried out a similar action on June 25.  The individual used an…

Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%

European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of July 17, down from €79 ($90.30) on Monday. Northern Data: “We’re as transparent as it gets” Northern Data, the product of a 2019 merger between U.S. company Whinstone and Northern Bitcoin, claimed to offer High Performance Computing/Artificial Intelligence (HPC/AI) solutions. While touting the scale of its computing capacity to investors and analysts,…

Bitcoin Is Still a Mere 0.5% of the U.S. Stock Market: Crypto Research Firm

In the span of just over a decade, Bitcoin has gone from a puny asset to one worth over $170 billion. It’s a rally that has caught many off guard, evidenced by those that have long asserted the cryptocurrency is a Ponzi scheme or otherwise. Data shows, however, that BTC remains just a drop in the bucket in the macro scheme of things. A cryptocurrency research firm recently reminded its followers of this fact; it said that BTC’s market capitalization is less than 1% of that of U.S. stocks. Bitcoin…

Monex Becomes First Japanese Securities Firm to List Cryptocurrency CFD

Monex Securities, a major Japanese online securities company, launched a cryptocurrency contract-for-difference service today. This marks the first time that a major online Japanese securities company has offered a crypto CFD.  A CFD is a type of derivative in which the “buyer” of the contract pays the “seller” the difference between the current price of an asset and the price of that asset at a future date stipulated in the contract.  According to a Monex announcement on July 8, the CFD is available for Bitcoin (BTC)/yen, Ether (ETH)/yen, XRP/yen,  and Bitcoin…

Trump’s Former Sanctions Chief Joins Major Crypto Firm Chainalysis

A former key executive at the United States Department of the Treasury has joined a major cryptocurrency investigation firm, Chainalysis. Sigal Mandelker, a former Treasury Under Secretary for terrorism and financial intelligence, has reportedly joined Chainalysis’ board of advisors. According to a July 7 Forbes report, the new position on the startup’s board comes alongside Mandelker’s participation in a Chainalysis’ $49 million Series B funding round. This story is developing and will be updated. Author: Cointelegraph By Helen Partz Source link

Blockchain Firm Bluzelle Uncovers a Critical Bug in Cosmos’ Consensus Algorithm

Decentralized data network Bluzelle (BLZ) discovered a bug in the Tendermint consensus algorithm used by the Cosmos (ATOM) interchain protocol. According to a Bluzelle announcement shared with Cointelegraph on July 6, the firm discovered a bug in Tendermint during its validators competition. The competition, which involved 220 participants maintaining a Tendermint-based a testnet, at one point saw the blockchain halt completely due to the bug. The bug was already patched Validators participating in the competition were unable to resume their activities even after the blockchain was restarted. Bluzelle sent an…

Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

US Blockchain Firm Buys 17K Bitcoin Mining Rigs From Bitmain

American blockchain hosting provider Core Scientific signed a deal to buy next-generation Bitcoin (BTC) mining machines from major Chinese mining hardware producer Bitmain. Core Scientific will purchase more than 17,000 S19 Antminers from Bitmain on behalf of its clients and for its own use. It will be the largest number of S19 machines purchased by a single blockchain hosting company, according to Core Scientific. Kevin Turner, president and CEO of Core Scientific and the former COO of Microsoft said, “Core Scientific has received and begun testing the first of Bitmain’s…

Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.  According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones.  The planned exchange will trade in tokenized real…