Bitwise submits new 31-page proposal to allay SEC’s concerns over its Bitcoin ETF proposal

Bitwise, the cryptocurrency management firm, has come up with a new presentation to persuade the SEC to approve the much prolonged Bitcoin ETF. The digital asset management firm met with three SEC Commissioners – Hester Peirce, Robert Jackson Jr., and Elad Roisman for the same. The 31-page presentation was shared by the SEC as part […]
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Source: AMB Crypto

Bitcoin transactions leveraging SegWit hit an all-time high

Bitcoin payments leveraging SegWit hit an all-time high of 50.47% on September 15th. The Segregated Witness aka SegWit protocol was developed by Pieter Wiulle in December 2015, separates [or segregates] the digital signatures from the transactions to reduce processing fees and time for Bitcoin to solve the scalability issue. For the most part of 2018 […]
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Tether facilitates $417k worth of transactions on ETH network as USDT continues to clog Ethereum

A Redditor recently complained about pending transactions on the blockchain by stating that the pending period was past 10 hours and at press time, all the fingers were pointed toward Tether for network congestion. As reported earlier, Ethereum’s blockchain was suffering from a case of network saturation. The blocks were adding up and Vitalik Buterin […]
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Bitcoin Script’s potential can be unlocked with the help of Miniscript

Pieter Wuille and Andrew Poelstra are two of the most recognized Bitcoin developers in the community. As reported earlier, Wuille, a developer at Blockstream, announced the Miniscript project a few weeks back, and recently an article on medium was released which listed out the ambition and objective of the current blockchain programming language. According to […]
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Source: AMB Crypto

SEC charges Dallas company for operating unregistered digital asset exchange

The Securities and Exchange Commission (SEC) announced pressing charges against Bitqyck Inc. and its founders for defrauding investors in securities offerings of two digital assets and operating an unregistered exchange. Quoting the official statement, “Bitqyck and founders Bruce Bise and Sam Mendez­ created and sold Bitqy and BitqyM (tokens) in unregistered securities offerings to more […]
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China’s CBDC initiative fills private cryptocurrencies’ missing elements

The latest Binance Research, while showcasing China’s CBDC initiative, highlighted its possibility of being a renminbi (RMB) replacement. Creating a buzz in the context, the report read, “The People’s Bank of China plans to replace China’s M0 money supply with its CBDC. Several potential improvement areas were discussed as reasons to justify this move including […]
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Bitcoin receives few more endorsements on being a safe haven asset

Bitcoin’s raison d’etre has often been questioned as some consider it a peer-to-peer currency while others look at it as a store of value. The list did not end there as the community now debates if Bitcoin is currently a “safe haven” or a hedge. Bitcoin’s role as a hedge against the potential financial crisis […]
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Telx Technologies launches world’s first crypto-facilitating SIM card

Telecommunications company Telx Technologies has announced the launch of a SIM card which can be used to transact cryptocurrencies via SMS. The agenda behind the project is to enable people to send money internationally without the need for a smartphone, Internet connection or wallet app/address. According to Telx, its launch will be the world’s first […]
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Source: AMB Crypto

Facebook’s Libra testnet available now on ZenGo

Social media giant Facebook has been under the spotlight for quite some time, following its entry into the crypto world with its coin Libra. In recent news, six lawmakers from the U.S. are said to visit Switzerland to further discuss the launch of the cryptocurrency. Despite the obstacles Libra is facing, the Libra testnet is […]
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Gemini exchange welcomes David Damato as new Chief Security Officer

Amid the ongoing race to beat the fiat system, the crypto ecosystem is on the constant drive to include the most promising innovators in their arsenal. In this regard, Gemini, a leading cryptocurrency exchange and custodian, announced on August 19 that David Damato joined the company as the new Chief Security Officer (CSO). The acquisition […]
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China’s Shenzhen special economic zone will now support digital currency research

The special economic zone of China located in Shenzhen province will now support research on digital currencies as reported by a local daily. China has been ambivalent on cryptocurrency, where they had earlier banned exchanges from operating in the country. However, a lot has changed in recent times. According to the report, “The Central Committee […]
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Source: AMB Crypto

Monero: The efficiency of the inefficient RandomX

“Monero is dead,” said my colleague when I asked him about last month’s upgrade. When asked why? he replied, “the price has been stagnating for the past couple of months.” The Price Although I didn’t really pay much attention to the importance given to the price of cryptocurrencies before, this remark by another journalist got […]
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Source: AMB Crypto

Cardano’s Charles Hoskinson questions Justin Sun’s $5 million lunch ‘investment’

IOHK’s Charles Hoskinson hosted an AMA session on YouTube where the entrepreneur spoke about Cardano’s much-awaited update releases. He began by ensuring his viewers about the completion of the ‘Shelley era’ by 2020 as planned. When asked about his take on the “Justin Sun’s lunch back out,” Hoskinson compared his previous $5 million investment by […]
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Cardano’s Daedalus all set to witness a significant upgrade

Cryptocurrency pundit and CEO of IOHK, Charles Hoskinson updated the crypto-community about the imminent innovations that are in store for Cardano in the month of August, through his latest AMA session. Starting off, Hoskinson disclosed that Daedalus, the wallet for Cardano’s in-house crypto ADA, is expected to undergo a major upgrade since its launch. The […]
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Crypto firms will find it hard to acquire .bank domain extension now

It was recently revealed that the fTLD, a domain name system [DNS] registry, was contemplating a proposal to change the eligibility policy for registered domains after it was believed that the DNS registry was looking to restrict the increasing number of crypto companies that were using the .bank domain application. According to the newly proposed […]
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Source: AMB Crypto