24H News


BlockCard Cryptocurrency Debit Card Rewards Spike to 6.38%

Crypto debit card BlockCard, built by blockchain company Ternio, has increased user rewards to almost 7%. Many mainstream stores do not directly accept crypto assets as a payment option. BlockCard works like a normal debit card, except with crypto backing. The card allows users to transfer crypto to their account and then spend that crypto in card form at any location that takes major credit card providers. Kane confirmed BlockCard is only open to U.S. residents at the moment. Ternio, however, has its eyes set on European availability later in 2020.

This Altcoin Has Thrived Amid Global Lockdown, Seeing 102% Growth in 28 Days

Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for momentum. From a coin price of $0.239453 on March 16, the value of Komodo climbed to a peak of $0.485010 on April 14 — a 102% increase. That's in stark contrast to the previous month's performance, which saw the coin price drop by over 75% from February's high of $0.920051.

Gemini Adds Support for Dai, Chainlink and Orchid Trading This Month

The Gemini cryptocurrency exchange and trading platform is adding support for three more tokens on April 24. Gemini announced the addition of trading pairs featuring Dai (DAI), Chainlink (LINK), and Orchid (OXT) in a blog post on April 9. The new additions will bring the total number of tradable tokens on Gemini's platform up to nine. Deposits of the new tokens will be accepted from 9:30 am ET on April 24. Existing traders will need to create a new Ethereum deposit address if they wish to deposit the newly supported tokens, as existing addresses will not be supported. The new additions join existing supported tokens, Bitcoin (BTC), Ether (ETH), Zcash (ZEC), Bitcoin Cash (BCH), Litecoin (LTC), and the recently announced Basic Attention Token (BAT), which will also be added on April 24.

Japanese Crypto Exchange bitFlyer Starts Trading Brave Tokens

One of the largest cryptocurrency exchanges in Japan and one of the biggest Bitcoin brokers worldwide just announced it would be adding a new coin for trading. In an April 9 press release, crypto exchange bitFlyer said it would start trading Brave’s Basic Attention Tokens (BAT) in Japan. It has been four months for bitFlyer to list a new coin since it supported Ripple (XRP) December 2019 BAT was recently approved by FSA for trading. GMO coin, another exchange registered with FSA, just started trading it last month.

Huobi Launches On-Chain Analytics Tool to Monitor Illicit Crypto Activity

Per an April 13 announcement, Huobi (HT) Global has launched Star Atlas, an on-chain analytics tool to monitor illicit cryptocurrency transactions that could work in tandem with similar tools. The tool should help Huobi address some of the past criticism it had received. Chainalysis' 2020 State of Crypto Crime Report stated: "Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin". Although Star Atlas is similar to tools developed by Chainalysis, Elliptic and Ciphertrace, Sun believes that Huobi has a comparative advantage and yet is willing to partner with other companies in the space.

Crypto Exchange Launches Fifth Anniversary Celebration Campaign

A cryptocurrency swap platform, Changelly, has the champagne on ice as it celebrates its fifth anniversary and is reflecting on some of its biggest achievements since launching back in April 2015. The company began life as a small startup consisting of five people and initially supported 30 cryptocurrencies. Fast-forward to today, and it has now earned the trust of over 2 million people worldwide, the team says. Over the years, the company has struck partnerships with an array of other firms in the fintech and crypto industries. Major wallet providers including Trezor, Jaxx, Ledger and Exodus serve thousands of customers with the help of Changelly's technology. Other collaborations have enabled users to purchase digital assets using Mastercard and Visa.

Chinese City Signs Deal With Huawei to Strengthen Blockchain Adoption

The government of the Nanshan District of Shenzhen, China has announced an agreement with the multinational telecommunications and consumer electronics giant Huawei to boost the adoption of blockchain, among other technologies, in the region. According to an April 13 report from local newspaper The Global Times, the Nanshan government and Huawei will work together to establish the Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big data and 5G. Both parties agree that the move should turn the city into a model zone for the chip industry and other cutting-edge technologies.

EU Lawmakers Want to Create a New Regulator for Crypto 'Blind Spots'

The European Parliament has published a study identifying a number of legislative blind spots pertaining to crypto asset oversight in the European Union. The report identifies stablecoins, token-based fundraising, and the threat of money laundering through crypto mining among recent industry developments necessitating a regulatory response. The report asserts that cryptocurrency mining may be used as a vehicle by criminal organizations to "create clean cash". In this way, EU lawmakers recommend the creation of a regional Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulator. However, the parliament notes that the emergence of global stablecoins poses unique challenges to lawmakers.

Chinese Public Blockchain Index Ranks Bitcoin 14th While EOS Tops List

The Blockchain Research Institute headed by China's Center for Information and Industry Development (CCID) released its 17th Global Public Chain Technology Evaluation Index on April 10. The index ranks 37 of the most widely used public blockchains by evaluating them under three different criteria: basic technology, applicability and creativity. The ranking of each project is then decided based on the sum of its scores under all the three sections. According to the latest index, EOS ranks as the best performing blockchain project, while the most widely used blockchain, Bitcoin, has slipped down three places and now ranks 14th on the list.

Japanese Crypto Exchange DeCurret Issues $25 Million in New Shares

DeCurret, the exchange promoting cryptocurrency to be used as a payment method for Japan's massive public transportation system, just restructured its capital. According to an April 10 press release by the crypto exchange, DeCurret announced that it had issued new shares worth 2.75 billion yen — approximately $25 million — in a third-party allocation of shares. The company plans to use the capital to "enhance transaction services for existing virtual currencies" and to promote the "expansion of digital currency and settlement services".
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