NEWS

Media: cryptocurrency project Basis decided to close

The Basis project, which develops algorithmic stablebcoin, has decided to cease operations and return attracted investments, reports The Block. According to the publication, for such a decision the project team was forced by pressure from regulators, although the details are still unknown. Probably, the algorithmic Basis model, despite the high marks of the leading representatives

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36 mins ago
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Samsung is likely to develop its own blockchain-based smartphones

Proceeding on the assumptions of the Galaxy Club tech blog and CCN news, the South Korean giant probably looks forward to develop its own blockchain-based mobile technology as a response to HTC Exodus and Sirin Labs FINNEY. That is how one of the potential rivals, HTC Exodus, looks like The editorial note: It might be

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1 day ago
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Source: Galaxy Club

Hackers stole 400 thousand EOS tokens from decentralized applications

Hackers have managed to steal 400 thousand EOS tokens (about $740 thousand) as a result of hacking into decentralized applications based on blockchain from July to the end of November, according to PeckShield. The reasons for the attacks experts called application vulnerabilities, and not the bugs of the network itself. According to the company’s report,

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1 day ago
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Euro-backed stablecoin issuer Stasis makes promise to become first independently audited stablecoin

Stasis, the Maltese stablecoin startup, will have its financials and euro reserves independently audited, the company has announced. The audit is meant to prove that the company’s supply of EURS token is backed by an equal deposit of euros. The move by Stasis is the latest twist in the stablecoin shake-up of the last month.

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3 days ago
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MIT: pump and dump schemes account for $7 million in monthly trade volume

On Dec. 4, the MIT Technology Review published findings of a new study that has found that pump and dump schemes in cryptocurrencies are accounting for $7 million trading volume every month. The research was conducted by Benjamin Livshits and Jiahua Xu both of Imperial College London. According to coinmarketcap.com, the daily trading volume stands

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3 days ago
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Founder of TenX, $80M ICO startup, has been linked to a pyramid scheme

TenX president Julian Hosp has reportedly been implicated in connection with Lyoness, an Austrian discount shopping service that has been declared an illegal pyramid scheme in Norway, Austria, and Switzerland. After a summer of Chinese whispers on the internet alleging that he was involved in Lyoness before becoming the face of TenX, a video has

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3 days ago
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Crypto hardware wallet Trezor adds native Ethereum support

The Trezor Wallet development team has announced that the device’s beta firmware now offers native support for Ethereum, Ethereum Classic, and ERC20 tokens. In an announcement on the Trezor blog, the crypto hardware wallet manufacturer stated that existing third-party integrations such as MyEtherWallet, MyCrypto, and MetaMask, which currently enable Trezor to support these tokens, would

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3 days ago
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Cointext makes Text-Enabled BCH payments available in 35 countries

Cointext.io is a cryptocurrency wallet that provides users with the means to send bitcoin cash (BCH) through SMS technology (text messages). The wallet gives any text-enabled mobile phone the ability to send and receive BCH without an internet connection. The company has been adding supported countries to its list over the past few months, and

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3 days ago
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Facebook Blockchain ramps up hiring, states “ultimate goal is to help billions of people”

Facebook’s investment in blockchain is gathering steam. According to Facebook’s career site, the “ultimate goal is to help billions of people with things they don’t have access to now” via blockchain technology. As of December 6, there were seven blockchain-related job listings. One listing read “Facebook is seeking an experienced Data Scientist to join the

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3 days ago
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Venezuelan President: We’ll sell oil for Petro tokens by March 2019

Venezuela will sell oil for Petro tokens instead of US dollars by next March, the country’s President Maduro announced Thursday. State-run media reported that Maduro is seeking to amplify the role of cryptoassets in the industry to minimize national and international dependence on the dollar. He told local press, “In 2019, we plan on selling

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3 days ago
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