What happens to your Bitcoin when you die?
As cryptocurrency investment becomes more and more popular, long-term investors are increasingly concerned with the uncomfortable question: what happens to your Bitcoin (BTC) when you die? According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what happens to their crypto after they pass away. Furthermore, despite a high level of concern, crypto holders are reportedly four times less likely to use wills for inheritances than non-crypto investors. As explained in its white paper, Bitcoin is a purely peer-to-peer version of electronic cash allowing online payments to be sent directly from one party to another without going through a financial institution.
Helen Partz 23:03
Bitcoin network's hashrate is136.43EH/s，mining difficulty is17.60T
According to data from BTC.com，bitcoin network's hashrate is136.43EH/s，mining difficulty is17.60T. Next Difficulty Estimated：(+7.51%)18.92T Date to Next Difficulty：2Days3Hours Unconfirmed Txs：24,635
Ethereum network's hashrate is 272,650.20 GH/s，mining difficulty is 3,570.86T
According to data from eth.btc.com，ethereum network's hashrate is272,650.20 GH/s，mining difficulty is3,570.86T. ETH's price ：$ 511.36 Avg Gas Price：22.10Gwei Pending Txs ：159515
The Decentralized Exchange Newdex Reaches a Strategic Cooperation with Organix Officially
According to official news from Newdex, reached a strategic cooperation with Organix today (November 27) to realize resource sharing and jointly promote the application of EOS DeFi project. Organix, as the first synthetic asset protocol of the EOS ecosystem, has reached in-depth cooperation with Newdex, which will realize user resources sharing and further enrich the application of EOS DeFi project. Newdex is the world's leading decentralized Exchange, adopting the "on-chain matching and settlement" operating mechanism, and asset management is decentralized. According to the top ten on the Dappradar Exchange list, Newdex is the only decentralized Exchange represented by the EOS chain, and Uniswap currently ranked first.
Russian prime minister proposes legal steps to bring order to crypto market
Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market. At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order to contribute to the growth of the new industry. According to Mishustin, such a framework would develop the industry in a “civilized way so that the owners of such assets can protect their rights and interests,” while at the same time preventing “shadow schemes.”
Helen Partz 23:27
Judge rejects motion to freeze Cred’s crypto assets in bankruptcy case
United States Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held by the firm on exchanges amid its Chapter 11 bankruptcy proceedings. More than a dozen of Cred’s creditors filed the emergency motion on Nov. 23, seeking to compel 21 cryptocurrency exchanges to freeze assets held by Cred on their respective platforms, including five U.S.-based exchanges. During a Nov. 25 hearing, Dorsey asserted that he could not act on the motion without evidence surrounding the status and ownership of the crypto assets in question, and scolded the investors for their apparent lack of effort put toward tracking down the assets:
Samuel Haig 23:25
Cambridge and Oxford teams compete in algorithmic crypto trading contest
toMore than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase Pro and FTX. According to a Nov. 25 announcement, the 15 teams will be assessed on their trading strategies, the technical design of their algorithms, and their overall return on investment. The competition launched on Nov. 16 and will run until Dec. 16. The strategies employed include arbitrage, predictions based on machine learning and neural networks, and trend investing based on time-sequence forecasting.
Samuel Haig 23:22
Bitcoin fees remain low despite price surge, but Vitalik says they could soar
Despite Bitcoin’s surge to retest its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low. The current fees of around $3.50 per transaction starkly contrast with three years ago, when the fees incurred to send any amount of BTC briefly spiked above $50. But average transaction values are currently approaching $200,000, suggesting the current rally has not been accompanied by the same retail trading frenzy that drove prices toward $20,000 in 2017. Ethereum (ETH) co-founder Vitalik Buterin doesn’t believe Bitcoin’s current low fees will last. In a Twitter thread, the Ethereum co-founder suggested that an inevitable increase in transaction fees will push out the majority of users:
Joshua Mapperson 23:20
Experts say institutions drove Bitcoin’s rise to $19K and alt season is coming
Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind Bitcoin’s (BTC) sudden retest of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and aggressive buying activity from institutions,” said Nick Cote of gamified trading platform Hxro Labs. “A lot of investors are going through Grayscale.” Rising institutional demand can be seen in heavy accumulation by Grayscale’s Bitcoin Trust, with the fund’s BTC holdings exceeding 500,000 earlier this month.
Samuel Haig 23:18
Bitcoin exodus: OKEx users move crypto off exchange as withdrawals resume
After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching a compensation and rewards program to express its gratitude to customers for holding out during the disruption. These programs include commission rebate cards denominated in Tether (USDT), a one-time compensation payment based on users’ asset and transaction histories, and a doubling of the asset weight calculation for holders of the exchange’s native token, OKB.
Marie Huillet 23:15
New analysis suggests Satoshi Nakamoto was a Londoner
A new report has determined that London was the most likely place Satoshi Nakamoto worked on Bitcoin (BTC) between 2008 and 2010. Report author Doncho Karaivanov reviewed several factors in order to justify the conclusion, including an analysis of timestamps of Satoshi’s published materials, his use of regional colloquialisms and word spellings, and the fact that The Times headline embedded in the genesis block was specific to England’s print version of the periodical. The idea that Satoshi was British is not new, as hundreds of journalists, sleuths and investigators have thoroughly pored over traces of the Bitcoin creator’s activity and scoured the internet for clues leading to his origins.
Cyrus McNally 23:13
Australian government embraces blockchain with new trial and public servants’ network
The Australian government is trialing the use of blockchain technology for intergovernmental document exchanges with Singapore as the latest action in a series of pro-blockchain efforts. It follows hot on the heels of the establishment of a new network promoting blockchain to public servants. On Nov. 23, the Australia Border Force launched a blockchain trade trial in collaboration with Singapore Customs and Singapore Infocomm Media Development Authority to test digital verification systems. ABF Commissioner Michael Outram explained that the trial will help digitize trade and compliance records, adding: The Australian Chamber of Commerce and Industry, Australian Industry Group, and financial institutes across Australia and Singapore, including ANZ, will take part in the trial.
Joshua Mapperson 23:11
Yearn Finance announces another ‘merger’ with the Cream lending protocol
Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a lending protocol similar to Compound and Aave. The blog post, published on Thursday, outlines how the two protocols will cooperate for the launch of Cream V2. As part of the partnership, the teams will merge development resources and introduce several symbiotic interactions between the two protocols. Yearn users will be able to put their vault tokens — their share in a yield farming strategy fund — as collateral to borrow on Cream. Furthermore, the farming strategies will be able to access leverage on the platform, potentially increasing their yield.
Andrey Shevchenko 23:08
Finance Redefined: DeFi gets its first merger after a devastating hack, Nov. 18–25
Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. On Saturday, we saw one of the most complex smart contract hacks yet affecting Pickle Finance, a yield optimization protocol very similar to Yearn — an important point for later. PeckShield provided a technical explanation for it, but I think only Solidity developers can really understand it.
Andrey Shevchenko 23:06
Coinbase warns users of connectivity issues due to Amazon AWS outage
Major United States-based cryptocurrency exchange Coinbase is experiencing “elevated error rates on some backend systems due to an AWS service outage,” according to an official post on Nov. 25 shortly after 7:00 pm PST. In an announcement posted nine hours prior, Coinbase said that trading was not being impacted at the time. The following update removed this statement, stating: The AWS issue has had a significant impact on the tech sector more broadly, with platforms such as Adobe Spark, Flickr and online newspapers all being affected within the last 24 hours. Headlines have run with claims the outage has taken “a portion of the internet down” and “hobbles businesses.”
Marie Huillet 23:04
RSK-based DeFi protocol launches innovative decentralized exchange concept
DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book — with a unique twist. Instead of being available instantaneously, orders are processed in batches according to a slightly variable interval of a few minutes. Each execution, called a tick, matches the orders submitted to the blockchain. Each trade occurring in a given tick is performed at the same average price between all orders submitted by traders. Limit orders submitted by users indicate the maximum or minimum acceptable price. For example, a limit order to sell Bitcoin for $18,000 will not be triggered if the average price is $17,900.
Andrey Shevchenko 21:10
Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’
American progressives, particularly the high-profile group of Congresswomen known as “the Squad,” have been highly vocal on questions of economic equity, the corrosive social impact of Big Tech and the need to reimagine fiscal and monetary policy in the post-2008 and post-COVID-19 political moment. How do they view blockchain technologies and the subsequent debates that have surrounded the digital dollar, given the potential for some overlap when it comes to certain concerns like financial inclusion, efficient distribution and citizens’ privacy? In a recent interview for Forbes, the economic policy advisors to several members of the Squad — Alexia Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI) and Ayanna Pressley (D-MA) — strongly marked out their position as against that of many in the blockchain space.
Marie Huillet 21:06
Ethereum 2.0 set to launch Dec. 1 after late surge in deposits
Update: The threshold was crossed just after 2:20 am UTC on Nov. 24. Ethereum 2.0’s Phase 0 launch looks all but certain for Dec. 1, with the number of Ether (ETH) transferred to the Eth2 deposit contract snowballing as today’s deadline approaches. As of this writing, nearly 499,000 of the 524,288 Ether required to secure the Dec. 1 beacon chain genesis has been deposited into Eth2’s deposit contract, with 11 hours remaining for the deadline to be reached.
Samuel Haig 21:01
4 tips to avoid phishing attacks
Many crypto owners fall prey to common crypto theft schemes, including phishing traps. How can the average crypto user identify and avoid these attacks to prevent the potential loss of funds? Phishing emails are sometimes successful in their attempts to trick users into downloading programs, clicking on something they shouldn’t, or just linking them to a page where they can enter personal information like their seed phrase. In July, hardware wallet Ledger reported a data breach that affected the personal data of many of its users, some of whom continue to be the target of phishing attacks. A number of users have reportedly received convincing-looking emails asking them to download a new version of the Ledger software.
Turner Wright 20:56
Coinbase Pro will disable margin trading starting tomorrow
United States crypto exchange Coinbase Pro announced today that customers would not be able to use margin trading on the platform beginning on Wednesday. According to the Coinbase blog, chief legal officer Paul Grewal said that no new margin trades would be allowed starting on Nov. 25 at 2:00 PST. The exchange stated that it would take the product offline in December “once all existing margin positions have expired.” “We believe clear, common sense regulations for margin lending products are needed to protect and provide peace of mind to U.S customers,” said Grewal. “We look forward to working closely with regulators to achieve this goal.”
Turner Wright 20:54