Cryptocurrency News

Bitcoin developer Pieter Wuille created even more excitement in the community about the Schnorr signature after he released a draft last week that outlined the upgrade’s technical make-up. This idea has been in the works for years now, and with this release, the upgrade is that much closer to completion, which the community hopes will improve the privacy and scaling of the world’s number one cryptocurrency.

Since the decentralized exchange platform Bancor became victim to a hack attack, it has been the subject of intense scrutiny on social media as the company’s strategy and design decisions are being questioned.

In the latest crypto news, the United States Department of Justice has decided to release an indictment charging at least 12 Russians for committing federal crimes. Their exploits were reportedly funded by cryptocurrencies, with the goal of “interfering” the 2016 U.S. presidential elections.

According to the latest news reports, billionaire Steven Cohen, once called the Hedge Fund King, is entering the cryptocurrency space. The hedge fund billionaire has invested in Autonomous Partners, a hedge fund focused on cryptocurrencies. This investment has been made through his venture capital firm, Cohen Private Ventures.

According to the latest news reports, Binance, the globe’s second biggest cryptocurrency exchange in terms of trading volume, is investing in the world’s first decentralized bank in Malta which would have tokenized ownership.

According to the report Blockchain in Telecom Market by Provider, Application, Organization Size and Region – Global Forecast to 2023, published by ResearchandMarkets.com, Blockchain technology in the telecom market is forecast to grow from $46.6 million this year to more than $990 million by 2023.

According to findings from a recent study, about 56% of startups fail within four months of the launch of their Initial Coin Offerings (ICOs).

Local news agencies reported that The People’s Bank of China (PBOC), the Chinese central bank, released a report that stated that the Chinese Yuan accounts for less than 1% of all Bitcoin trades across the globe. This is mammoth plunge from 2017, where Chinese BTC trades accounted for more than 90% of all global transactions.

Crypto Bounty Hunting is now becoming a viable career option for many techies looking at entering the cryptocurrency industry. Digital bounty hunting is a job where a person gets paid “bounties” for completing various tasks.

One of the most ambitious ideas in recent times is using Blockchain technology for the Internet of Things. This would then enable not just people and businesses to conduct transactions, but it would also incorporate machines into the network to create one seamless transaction mechanism.