In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Every day new fraud schemes appear, designed for naive citizens. For the most part, all scams and crypto-frauds, conditionally, can be divided into several categories.
Second-quarter numbers were down 9% from a record number of contracts of nearly a million per day in the first quarter of 2018.
The unprecedented pump of the Syscoin token forced the Binance exchange to suspend all transactions and begin checking the security of the Syscoin blockchain. This decision was made after the abnormal rise in the price of Syscoin, worth $0.453290 or 0.00004 BTC, to $6.23 million per token. Such a transaction could not go unnoticed and the price of Syscoin instantly jumped by 85%, to $0.5 and just as quickly dropped to $0.28 after trading closed.
The Ethereum network processed the lowest number of transactions for the entire current year, with just 490,000 transactions, according to Etherscan. The number of transactions dived during the 24-hour period, down more than 100,000 from 620,000 constant.
Almost all altcoins under consideration followed the BTC/USD pair and rolled back from their highs to their average prices. Growth is expected to resume in the near future
Viber, an instant messaging app run by Japanese multinational Rakuten, plans to become a cryptocurrency platform for its parent company Rakuten Coin.
Chinese cryptocurrency company Bitmain, which makes mining hardware and supports efforts to increase the scalability of the Bitcoin network, received the necessary votes to become an EOS signatory on Tuesday. This will allow her to receive compensation for confirming transactions on the EOS blockchain to maintain the health of the network.
One of the most popular cryptocurrency exchanges, Kraken, has published a short response to a recent Bloomberg article about the Tether (USDT) cryptocurrency. The authors of the article claimed that the price of Tether was being manipulated on the Kraken crypto exchange, citing “unusually precise order sizes” and the fact that “huge trades affect the price of the currency in the same way as small ones.”
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