Cryptocurrency News With URL like www.theblockcrypto.com

A single Bitcoin Cash address is responsible for nearly 50 percent of the networks transactions in the past month.
One single address on the Bitcoin Cash (BCH) network has accounted for nearly half of all the transactions in the past month. The movement, which was first brought to The Block's attention in a tweet by poster 'IamNomad, could be an indication that there's a single entity acting to prop up the number of transactions to make the network look more active. The address first started to make transactions on April 8, and at the time of this writing has made over 575,000 transactions. In the same period, the entire Bitcoin Cash blockchain has processed 1.17 million transactions meaning that this one address has accounted for 49% percent of BCH's total transactions.

NY Attorney General sues Bitfinex and Tether to unearth "fraud being carried out" by the firms
April 25, 2019, 5:05PM EDT  ·  2 min read The New York State Attorney General (NYSAG) is suing Bitfinex, the cryptocurrency exchange, and affiliated firm Tether, the company behind the stablecoin of the same name. The 23-page document, dated April 24, states that the NY AG's office has reason to believe several New York and US-based traders transact on the firm's platform. In 2018, Bitfinex said it would not longer offer trading to such clients. It said the OAG has an investigation underway to expose ongoing fraud being carried out by Bitfinex and Tether, requesting all documentation tied to Bitfinex users in the state of New York.

In 2019, Coinbase is seeing more 'High-Volume' interest in MakerDAO
If at first you don't succeed, then try, try, and try again. That's the approach Coinbase appears to be taking when it comes to listing new tokens. The San Francisco exchange announced yesterday that it would support trading of Maker, EOS, and Augur, but market observers might have had a case of déjà vu reading the news. This is the second time the firm has announced that Coinbase Pro, its professional trading platform, is offering Maker trading, following a previous announcement in December. The Block has learnt that Coinbase was unable to secure the necessary amount of liquidity to establish a proper order-book for the coin after it started accepting inbound transfers of it at the end of 2018. It was the same story for Zilliqa, which was promptly delisted alongside Maker.

Binance moves away from Ethereum as it prepares to launch DEX
Binance is moving its token off of Ethereum as it prepares to launch its own decentralized exchange. Binance DEXs testnet built on top of Binance Chain is set to launch in the next week or two according to Binance CEO Changpeng CZ? Zhao. In a Q&A live stream on Thursday, CZ revealed details about the launch of Binance Chain. Binance Coin (BNB), which was issued in the company's $15 million ICO in 2017, will be migrated from an ERC20 token and act as the native gas of Binance Chain. Binance Chain was built on Cosmos Tendermint protocol because its architecture was closest to what Binance was looking for, according to CZ. It will use Delegated Proof-of-Stake (DPoS) and Byzantine Fault Tolerant (BFT). Binance forked Tendermint and chopped a lot of things out including smart contracts because high throughput was more important than feature richness, according to CZ. The interface will allow projects to issue new tokens on Binance Chain, effectively running an ICO by raising funds in BNB.


Tron was and will always be a shitcoin. All they know is fake marketing.
Former BitTorrent chief strategy officer Simon Morris says TRON's BitTorrent Token (BTT) announcement is basically a marketing machine layered on a very thin veneer of technology, BreakerMag writes. According to Morris, there's a real incentive for implementing the technology within the file-sharing client'the tokenisation could reportedly speed up the BitTorrent network by 40 per cent. However, there's a serious problem within the equation: Morris claims the Tron blockchain simply cannot support the transaction volume BitTorrent requires. The transactional capacity we [were] looking at was needing hundreds of transactions a second just to get started. It's simply not there, said Morris. The former CSO said he suspects Tron will try to execute their plan on some central server, and present the solution as TRON-based in a marketing move meant to hide the blockchain's limitations.

Segwit adoption tapers off after rapid early growth - The Block
The share of Bitcoin transactions that utilize Segregated Witness (Segwit) has steadily grown from August 2017 when it was activated to more than 40% a year later. However, in the past five months, the growth of Segwit adoption appears to have stalled as the share of Segwit transactions stays in the range of 40-50%. Segwit is a soft fork protocol upgrade to fix all forms of malleability and increase the block capacity. The Segwit transactions use different signatures and redeem scripts that are moved to a new structure, which doesn't count towards a block size limit of 1MB. Depending on the parameters, Segwit transactions are at least 25% smaller in size when compared to legacy transactions. Therefore, the blocks are still the same size but they can fit more Segwit transactions. Since they are smaller and the fee is determined by size, the Segwit transactions naturally cost less. Basically a smaller fee can achieve the same speed as legacy transactions.

Cryptocurrency coverage remains crowded despite 2018 market shake-up, CryptoGlobe finds - The Block
According to a report published by CryptoGlobe, the market crisis of 2018 did not cause the media to look away from the cryptocurrency space. The analysis, which utilized CryptoCompare's API to gather metadata on nearly 65,000 articles from 25 news sites, found that the coverage actually became more crowded over time. By moving away from strict technical analysis, the cryptocurrency news stories ceased being a mere province of tech enthusiasts, and went much more mainstream, CryptoGlobe writes. Interestingly, despite the altcoin market's sizeable expansion throughout the past couple of years, the topic has failed to take over bitcoin coverage in the media. By the end of the year, bitcoin remained the most popular token to cover, garnering nearly 42 per cent of crypto coverage. According to CryptoGlobe, the coverage of altcoins corresponded pretty neatly to their respective market caps, with the exception of litecoin and tether, which saw news coverage in 2018 disproportionate to what their market cap would have suggested.

Bitwise files to list bitcoin ETF on NYSE Arca - The Block
Crypto asset manager Bitwise filed a Form S-1 with the Securities and Exchange Commission to list its physically held bitcoin ETF on NYSE Arca, the company announced Thursday.  The bitcoin ETF has been a long-awaited darling of the cryptocurrency world, and a derivative some think could propel the market out of the doldrums and into bullish territory. Still, the SEC has pushed back on all bitcoin ETF applications thus far, citing concerns of manipulation in the underlying spot market.  Bitwise says its product will be based on an index that draws data from large, trustworthy, exchanges. It also will hold bitcoins for the product with a regulated custodian, the firm said. The firm says those qualifications would address the concerns regulators have had about other proposals. 

Recently lauded crypto exchange addresses criticisms over security issue that exposed user data - The Block
DX.Exchange, the Estonian-regulated digital currency exchange, announced its launch last week with much fanfare, including coverage in Bloomberg, CNBC, and The Block. DX.Exchange offers cryptocurrency trading and is provided with trading technology by Nasdaq, a source at Nasdaq confirmed. Now, the exchange which offers trading of tokenized stock of Apple, Facebook, and other tech companies has come under fire for questionable security practices. As reported by Ars Technica, the company's site leaked oodles of account login credentials and personal user information to one trader. DX.Exchange is set to post a blog addressing the criticisms, which the firm shared exclusively with The Block. 

Bitcoin bulls are storming Wall Street's crypto trading desks - The Block
Wall Street's trading desks offer a glimmer of hope for the floundering cryptocurrency market.  Buying pressure has increased at many of the so-called over-the-counter trading desks across the crypto world. The bullish sentiment mimics recent price action across the spot exchange market for crypto and is a sharp reversal from the environment at the end of 2018, numerous trading firms said.  One of the largest over-the-counter trading firms in crypto, Cumberland, tweeted Tuesday that the imbalance between buyers and sellers spiked by 60% over the last week. Historically, our OTC trading is relatively balanced between buyers and sellers, the firm said. Over the last week, our OTC buy/sell ratio (by notional value) has increased approximately 60% towards counterparties buying. Again, Cumberland isn't alone. 

usdc Archives - The Block
© 2019 The Block. All Rights Reserved.

Numerai Archives - The Block
© 2019 The Block. All Rights Reserved.

Bloomberg report suggests Tether has the necessary fiat collateral - The Block
The question of whether Tether, the largest stablecoin by market capitalization, has the billions in USD to back up its cryptocurrency is something that has long hung over the nascent crypto industry. Those concerns might be "unfounded," a Bloomberg News report finds.  Reviewing statements outlining the cash in the company's accounts over four months, Bloomberg found Tether essentially had a dollar for every USDT on the market. The authenticity of the documents was confirmed by a government official. "For example, one statement shows $2.2 billion was in Tether's account at Puerto Rico's Noble Bank Ltd. on Jan. 31. That same day, 2.195 billion Tethers existed, according to data compiled by Coinmarketcap.com," the report noted. 

CNBC Archives - The Block
© 2019 The Block. All Rights Reserved.

0x Archives - The Block
© 2019 The Block. All Rights Reserved.

citi Archives - The Block
© 2019 The Block. All Rights Reserved.

Crypto broker eToro confirms it is rolling out a wallet - The Block
eToro, the European cryptocurrency broker, announced Tuesday the launch of its wallet, a move that allows a few of its 10 million users to transfers coins off its platform. Previously, customers of the firm could only buy and sell crypto but couldn't move those coins to their own wallets. That's a similar setup to Robinhood Crypto in the U.S., although the firm has also been looking into building its own wallet. To be sure, the ability to send coins from the eToro platform to its wallet is only available to start for bitcoin and for a select number of customers. Per the release, "the ability to transfer crypto from eToro to the wallet will be available to Platinum Club*** members for Bitcoin." The firm defines Platinum Club members as those traders with at least $25,000 on the platform, the release said. It's not clear how many users fall under that umbrella. A media representative of the firm said: "eToro can't disclose numbers regarding the number of people at the platinum level."

Poloniex Archives - The Block
© 2019 The Block. All Rights Reserved.

YouTube drives the most traffic to cryptocurrency exchanges - The Block
The distribution of cryptocurrency exchange traffic from social networks is heavily skewed towards YouTube according to a new report by BDCenter. YouTube likely leads the way because of referral links, which incentivize content creators to make convincing videos. YouTube is followed by Twitter and Facebook. © 2019 The Block. All Rights Reserved.

Titles not entered by Crypto.BI are Copyright(©) their original authors.