Russia to Avoid US Sanctions with $10 Billion Bitcoin Investment

According to a Russian economist with ties to the Kremlin, the superpower is preparing a massive $10 billion USD investment in Bitcoin to replace its US dollar reserves. Russia’s Bitcoin investment is a step to minimize US sanctions on the country. Russia’s Bitcoin Investment Vladislav Ginko, an economist at the Russian Presidential Academy of National…

Fee Spike on Ethereum Classic Raises Fears of More Exchange Attacks

news A sudden surge in transaction fees on the ethereum classic blockchain has some developers speculating whether cryptocurrency exchanges could be at risk of attack, a development that follows last week’s 51% attack in which more than $200,000 was stolen from at least one exchange. Over the last 24 hours, average transaction fees on the blockchain rose…

Bitcoin Will Still Bite the Dust

Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust.”  For more on bitcoin’s 10th anniversary, check out our new interactive feature Bitcoin At 10.  ————————————————————— Back in August 2014, I discovered that the bitcoin mining industry had…

Malaysian Government Reportedly Still Undecided on Whether to Legalize Crypto

The Malaysian government is reportedly still undecided whether to legalize cryptocurrencies, English-language local media New Straits Times reports on Jan. 12.When answering a query about whether digital currencies are currently legal or illegal, Khalid Abdul Samad, the Malaysian federal territories minister, reportedly said:“At the moment, the answer is neither legal nor illegal as the situation…

Tokenized Securities: Curb Your Enthusiasm

opinion Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here.  With so much buzz around tokenized securities, compounded by strong progress…

What We Know About Yellow Vests’ Bank Run and How Crypto Could Help It

On Jan. 7, activists of the French grassroots political movement the Gilets Jaunes — Yellow Vests — announced a bank run via social media, essentially hoping to meet their goals by destabilizing the local financial system.Dubbed the “Collectors’ Referendum,” the movement’s latest demonstration calls on supporters to withdraw their savings from financial institutions on Saturday,…

Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’

feature In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned. On Monday, the day after the reorganization of transactions on the…

Ethereum-Based “Stock” Exchange DX Plagued with Security Issues

The highly anticipated Ethereum-based “stock” exchange, DX, launched this week! Despite the vast enthusiasm for the project, problems were immediately discovered regarding the company’s security. The launch on January 7th was only a soft launch, but traders aren’t pleased with the lack of security the platform has initially provided. Ethereum-Based DX.Exchange Flaws And we are finally…

Bitcoin Price: Another Sudden Sell-Off After a Steady Month

At this point, there doesn’t need to be a reason for Bitcoin price to drop suddenly. The market is so volatile by nature it is almost pointless to look for why. So, in true fashion, yesterday’s sudden sell-off confirms just that. There was no major market news reported, and despite this, Bitcoin price dropped 10%…