Bitcoin Whales Accumulate 60,000 Bitcoins In A Day. What Happens Now?

Bitcoin whales have resumed accumulating coins in what has turned out to be the biggest Bitcoin accumulation event in 2021.  A number of Bitcoin whales addresses that currently hold a number of 100 to 10,000 bitcoins in their wallet accumulated over 60,000 bitcoins in a single day. Lately, Bitcoin has been sluggish in the market due to a high number of sell-offs and not enough people buying back in the coin. But over the past six weeks, the whale wallets have accumulated over 100k bitcoins. With over 60% of these…

Bitcoin.org owner reports site hit with ‘absolutely massive’ DDoS attack

A website aiming to support the development of Bitcoin has reportedly been hit with a DDoS attack. Cøbra, the pseudonymous owner of Bitcoin.org, reported on Twitter today that the website had been hit with an “absolutely massive” distributed denial of service, or DDoS, attack along with a ransom demand for an undisclosed amount of Bitcoin (BTC). At time of publication, Bitcoin.org is still accessible. “Back in the day you could put up a reasonable fight against most DDoS attacks,” said Cøbra. “Now they just down you at will. There is…

3 reasons why Enzyme Finance (MLN) is up 92% in a week

Decentralized finance (DeFi) has emerged as one of the most promising real-world applications of blockchain technology, capable of reshaping the face of the global financial markets and transforming the way the average person manages their money.  One DeFi focused project that has been gaining attention over the past week as the mainstream world slowly opens itself to the possibilities of DeFi is Enzyme Finance (MLN), a protocol focused on on-chain asset management that allows users to “build and scale vaults based on the investment strategies of their choice,” according to…

Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments

Barclays’ decision to stop facilitating British customers’ payments to Binance has been met with criticism by the cryptocurrency exchange after a spokesperson told Cointelegraph that the bank acted with “an inaccurate understanding of events.”  “We are disappointed that Barclays appears to have taken unilateral action based on what appears to be an inaccurate understanding of events,” the spokesperson said, referring to a recent edict by the United Kingdom’s Financial Conduct Authority, or FCA, barring Binance Markets Limited from operating in the country. “The FCA notice relates to [Binance Markets Limited],…

HK production company plans to launch crypto-themed drama series on NFTs

A production and investment firm is launching a drama series on nonfungible tokens featuring a competition between Hong Kongers and Americans to create a digital currency. In a Sunday report from entertainment publication Variety, the AMM Global production company will be creating a 12-episode series called Crypto Keepers to premiere sometime next year. The drama, which will reportedly be released using nonfungible tokens, or NFTs, will feature major figures in the crypto space as well fictional plots surrounding the personal and professional lives of people involved in creating “the next…

U.K. Bank Barclays Blocks Card Payments to Binance

Key Takeaways U.K. bank Barclays has confirmed customers will no longer be able to deposit funds on Binance. Barclays says it made the decision to keep customers safe. Binance has faced regulatory pressure in several countries in recent months. Share this article U.K. bank Barclays has informed customers that it will no longer allow card payments to the cryptocurrency exchange Binance.  U.K. Bank Blocking Binance Transfers  Barclays has blocked customers from making card transfers to the cryptocurrency exchange Binance.  Barclays account holders who had previously sent money to the exchange…

Barclays tells cardholders it’s stopping payments to Binance

Customers have been reporting that Barclays, a British multinational universal bank, has been blocking payments to Binance cryptocurrency exchange over the last week. The financial services giant has confirmed to cardholders that Barclays debit/credit card payments to the cryptocurrency exchange will not be allowed until further notice. One of crypto investment dashboard Wealth Kode’s cofounders, who goes by Lee on Twitter, posted a text notification from Barclays Monday that read: “As you’ve made a payment to Binance this year, we wanted to let you know that we’re stopping payments made…

Dfinity Criticized Over Internet Computer Fork Proposal

Key Takeaways Dfinity founder Dominic Williams has proposed a fork of the Internet Computer network called Badlands. The new fork would come with a new token that would be airdropped to ICP holders. Critics have raised concerns about launching a new blockchain and token. Share this article Dfinity’s founder Dominic Williams has shared tentative plans of an Internet Computer fork called Badlands. However, some community members have opposed the plans. Dfinity Faces More Criticism Three months after Dfinity’s Internet Computer went live, the project’s founder Dominic Williams has proposed a…

EY publishes Ethereum scaling solution to the public domain

EY’s attempts to promote secure, private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3. The company announced the news via a release on July 1 stating that Nightfall 3 combined ZK proofs with optimistic rollup — ZK-Optimistic Rollup — to improve transaction efficiency on Ethereum. Indeed, ZK-Rollups are one of the layer-two scaling solutions being developed to achieve scalability for networks like Ethereum via a process of batched transfers “rolled” into one transaction. EY’s first contribution to ZK proofs was in April 2019…