Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining Power

On April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single watt-hour (Wh) of Bitriver’s power in Bratsk. A Low-Carbon Crypto Mining Token The blockchain and mining firm Bitriver announced the organization is launching the public sale for its new tokens called “bitriver token (BTR)” on April 19, 2021. Each token represents a single watt-hour (Wh) of Bitriver’s…

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Sri Lanka’s Crypto Regulation: Central Bank Warns of Cryptocurrency Risks, Unlicensed Exchanges

The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. Sri Lanka’s Central Bank Warns About Bitcoin The Central Bank of Sri Lanka has published a notice regarding cryptocurrency. “Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in virtual currencies,” the notice published Friday reads.…

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Off to the Races: Kryptoin Re-files Bitcoin ETF Opting to List on Cboe Over Nasdaq

On April 9, 2021, the Delaware-based company and sponsor of the “Kryptoin Bitcoin ETF Trust” filed an S1 amendment for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The asset manager re-filed its 2019 ETF application and instead of leveraging NYSE, the company plans to use Cboe BZX. Kryptoin Joins the List of Bitcoin ETFs Hoping for Approval in 2021 The race for a bitcoin exchange-traded fund (ETF) in the United States has grown thick with competition in recent days. The asset manager Kryptoin has…

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South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’

Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government Seeks International Help to Monitor International Crypto Exchanges According to Chosun, the South Korean Government met with politicians, law enforcement, and financial watchdog authorities to take down illicit transactions from what they named an “overheated market.” The meeting was led by the Second Deputy Secretary of State Moon Seung-wook, who…

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Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos

Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform. Platform Allocated Euros in an Account on the Crypto Exchange to Arrange Payments According to El Mundo Financiero, Criptan, based in Valencia, Spain, signed an agreement with Wings to Claim– a Spanish legal association that owns a platform specialized in handling travel-related incidents and now…

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The Missing Link: How Chainlink’s Pallet Aims to Deliver Greater Informational Access

As demand for smart contracts climbs, Chainlink’s modular oracle for the Substrate framework aims to power developers and defi applications with trusted off-chain information and pricing data needed to attract projects to Polkadot and Kusama. Blistering Growth in Defi and Smart Contracts Beckon New Layer of Trust As the smart contract revolution continues to gain traction, the fissures and flaws in existing infrastructure that supports these transactional protocols are becoming more apparent. Among the chief issues facing smart contracts, costs and security are the main factors in the spotlight. To…

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North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen According to Maeil Kyungjae, the U.S. authorities found that North Korean hackers got access to personal data and funds from customers then demanded a ransom payment afterward. The blackmailers targeted the crypto exchange Bithumb by…

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BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End

Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s newsdesk reported on CME Group capturing the lead as far as open interest in bitcoin futures. Today, that’s no longer the case, as Binance has jumped ahead of the pack as far as delivering futures…

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2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

Members of the U.S. Federal Reserve and fellow bureaucrats have said that they are not worried about inflation levels and some officials have even encouraged a general increase in prices for goods and services. Despite the alleged statistics that say U.S. inflation is only 2% to 2.24%, reports show that Fed’s liquidity expansion has accelerated inflation, and prices on goods and services in the U.S. have swelled a great deal. The Federal Reserve Claims the US Inflation Rate Is ‘Well-Anchored at 2 Percent’ There’s a reason why precious metals like…

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Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This Summer

In December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that processes speeds of up to 2,000 MH/s. Additionally, during the course of the last few months, the Ethereum network hashrate has continued to climb relentlessly. Ethereum Hashrate Ramps Up While ethereum (ETH) prices have touched new all-time highs (ATH) in 2021, miners on the network are…

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