Binance Futures Hosts Trading Competition With Prize Pool Worth $1M

Cryptocurrency exchange Binance announced on March 25 that it will be hosting a trading tournament where participants could compete in teams and win a prize pool of up to $1 million in BNB tokens. According to the announcement, the tournament will take place between April 10 and April 25, and will take place in two ways: daily ROI and overall USDT team profit tournaments. Binance explains that all teams that trade in perpetual contracts on Binance Futures during the competition period will be ranked based on the total USDT profit of the…

Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking

Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking. According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows that 30% of personal users and 13% of professional users wouldn’t know if their data or computer’s resources were modified unexpectedly, as such threat does. The report also stresses that awareness and concerns about cyber-threatening methods like cryptojacking have been…

French Soccer Star Claims Crypto Scam Impersonated Him

French international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local authorities. According to the newspaper L’Équipe, the soccer player, who plays for Paris Saint-Germain, is being impersonated to use his name in advertising campaigns for the alleged scam that involves a cryptocurrency acquisition scheme. These advertising posts cited false statements by Mbappé, where he allegedly claimed that the formula offered by the network was miraculous and that people could become…

PayPal Is Hiring a Blockchain Strategy Director

Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division. According to the company, the new director —based in New York — will be in charge of evaluating blockchain’s use cases for the prevention of financial crimes, such as money laundering and terrorist financing, to supervise the entire AML process. The post also detailed that the ideal profile must focus on blockchain-related opportunities for the company in terms…

Brazilian Crypto Exchange XDEX Announces Full Closure

Brazilian crypto exchange XDEX, which is owned by the largest stock broker in Latin America, announced the end of its activities. The company announced its closure on March 31: “Today, we announce that XDEX is starting the process of closing its activities. Market projection, competition and few regulatory advances reduced the opportunities found at the beginning of the project and were the basis for this difficult decision.” Take some time The company offered non-custodial exposure to cryptocurrencies, so customers have up to 30 days from the day of the announcement…

Libra Rival Celo Announces $700,000 in Grant Funding for 13 Startups

Open-source payments network Celo has announced its first round of development grant recipients. A press release shared with Cointelegraph states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or foster the Celo community. The project has already received more than 50 grants proposals from teams based in 16 different countries and will continue to accept proposals until May 19. Celo Awards $700,000 to 13 developers in first round of…

Miners, the Halving and Coronavirus Suspected

The Bitcoin (BTC) network hash rate took a steep dive on March 26, dropping by a whopping 15.95%, which is a 45% sink from its peak highs of 2020. The hash rate dipped from 136.2 quintillion hashes per second on March 1 to just 75.7 EH/s on March 26, according to data from Blockchain.com. Analytics website Coin Dance reported similar findings, with the 2020 peak standing at about 150 EH/s on March 5 and then dropping to 105.6 EH/s 10 days later, thus showing a 29% decrease. The combined effects…

Russia Postpones Its Crypto Law Again, Now Blaming Coronavirus

After facing multiple delays, the adoption of Russia’s major cryptocurrency law will be postponed again, now due to the coronavirus. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, says that the country’s crypto law — the bill “On Digital Financial Assets” — is now finalized but won’t be adopted before the end of the spring 2020. Russian authorities have been arguing about crypto regulation since January 2018 According to a March 31 report by Russian news agency RBC, Aksakov has admitted that previous delays in the…

Bitfury Becomes Latest Crypto Industry Player to Join COVID-19 Research Project

Blockchain development firm Bitfury is re-assigning the computing power it uses for digital currency transaction processing to COVID-19 research. In an announcement on March 31, the company revealed that it had been allocating its high-powered GPU-enabled computing nodes to run COVID-19 calculations as of March 20. The redirection of Bitfury’s resources is contributing to a distributed computing endeavor, Folding@Home (F@H), created by a consortium of scientific research labs across North America, Europe and Asia. In the wake of the global COVID-19 pandemic, F@H has launched a project to run simulations…

Crypto Conference Defies COVID-19 Lockdown by Hosting in Virtual Realm

The COVID-19 crisis may have put a stop to millions of sports events, work conferences and meet-ups across the world, but it has not halted those in the cryptocurrency space. The Coinfest Conference, which runs until April 4, has found a way to defy the coronavirus lockdown by setting up shop in the digital blockchain realm of Decentraland.  The first day of the virtual conference kicked off on March 30th, beginning with a round of games that offered users the chance to win MANA tokens — one of Decentraland’s native…