Cryptocurrency

Daimler Building Crypto Hardware Device for Cars

Daimler Building Crypto Hardware Device for Cars

The parent company of Mercedes Benz, Daimler is working with Riddle & Code, a blockchain firm, to create a hardware cryptocurrency wallet that works with cars. Ben Schwarz, head of communications at Riddle & Code commented, “Our short-term aim with this project is to build a DLT-based backend that can make car rental and fleet management more efficient. However, once vehicles become autonomous parties to a blockchain transactions, the marketplace is boundless.”

Crypto Companies May Abandon USA

Crypto Companies May Abandon USA

The US government & its president Donald Trump have expressed their view on cryptos and it has significantly impacted over the future of the crypto industry in America. Larry Cermark, a lead in crypto research tweeted, “…the trends being seen in the United States are ominous and are a serious issue…the withdrawal of companies from the United States and the investigations that have been opened up against crypto companies by regulators are terrible signs for the future of the industry.”

WINk to Hold IEO on Binance Launchpad

WINk to Hold IEO on Binance Launchpad

Binance has announced that it will act as the launchpad to launch an IEO for a TRON-based blockchain gaming project ‘WINk’ & has shared this is its first gaming platform & seventh project of the year. The CEO of Binance, Changpeng Zhao commented, “The gaming industry has been at the forefront of emerging technologies and has demonstrated a strong interest and demand of utilizing cryptocurrency and decentralized platforms.”

QuickBit Admits User Data Breach

QuickBit Admits User Data Breach

A digital currency exchange placed in Switzerland QuickBit has revealed to public that it has suffered from breach of sensitive user data. In its announcement, “QuickBit has recently adopted a third-party system for supplementary security screening of customers. In connection with the delivery of this system, it has been on a server that has been visible outside QuickBits firewall for a few days, and thus accessible to the person who has the right tools.”

Samourai Wallet Questions Wasabi wallet’s Privacy Issues

Samourai Wallet Questions Wasabi wallet’s Privacy Issues

Samourai Wallet has bombarded Wasabi wallet which is implemented by its competitor CoinJoin over the alleged lack of privacy. In its Telegram message, “With Wasabi if you are mixing 10 BTC, I can trivially track that 10 BTC as it is peeled down into smaller UTXOS (unspent funds). Additionally Wasabi outputs are in the order in which they are registered, allowing you to make educated guesses that cluster outputs that you can later cross reference when inputs are inevitably merged to make a spend.”

Users Attack HitBTC For High transaction fees

Users Attack HitBTC For High transaction fees

A famous crypto exchange HitBTC is facing heat of its users, who are hitting it with list of complaint, with many of them related to withdrawal and transaction fees. A user Tai Zen tweeted, “I highly recommend staying away from @hitbtc at this time because you never know if you can withdraw your coins from their exchange or not. I do not see any reason why you CAN NOT withdraw popular coins…”

Tariffs for Crypto Mining Updated in Iran

Tariffs for Crypto Mining Updated in Iran

Iran has stepped-up its cryptocurrency mining strategy as they have decided on a new tariff of the cryptocurrency mining activity in the country. The mining operations now allowed to be operated in the country but the authorities will be putting a premium on miner’s energy prices to limit the impact of the activity on the national power grid. Many major Chinese BTC miners were outsourcing their operations in order to take advantage of these lower energy costs.

German central bank Defends Libra

German central bank Defends Libra

The president of Germany’s central bank Bundesbank, Jens Weidmann has come in defense of Facebook’s Libra crypto, by urging his counterparts across G7 nations not to prematurely condemn the digital currency and alternate financial system the tech giant plans to roll out. Weidmann said, “If they deliver what they promise, they can be attractive to consumers, inadvertently suppressing innovative concepts before the details have been clarified.”

Paucity of Finance Leds To Close Down of FairX

Paucity of Finance Leds To Close Down of FairX

FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to gain funds to operate as licensed national bank from the Federal Deposit Insurance Corporation (FDIC). In its Tweet, “Only a bank (or trust, maybe), licensed to do the business of banking, can agree to a deposit agreement with an entity, with the guarantees of withdrawal and insurance therein. NO other business arrangement can create this setup…”

More Crypto Figures To Attend Buffett Lunch

More Crypto Figures To Attend Buffett Lunch

The auction and subsequent lunch event with the Oracle of Omaha began in 2000 as a way to support one of Buffett’s favorite charities, San Francisco Glide Foundation. Tron founder Justin Sun has won this year auction & has invited more notable figures from the crypto space to lunch with Warren Buffett. Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO of Berkshire Hathaway via tweet.