• Binance jumps into bitcoin mining
    Bitcoin,  Cryptocurrencies,  People

    Binance jumps into bitcoin mining

    The biggest cryptocurrency exchange promises ‘the lowest rates’ but also raises concerns about the concentration of mining power in a few hands

    Cryptocurrency exchange Binance jumped into bitcoin mining business today, announcing the launch of Binance Pool. The move comes only weeks before the third “halving” will reduce the reward for mining a Bitcoin block from 12.5 BTC to 6.25 BTC—an event that has preceded big price increases in the past.

  • Huobi targets money laundering
    Regulation,  Technology

    Huobi targets money laundering, fraud

    New Star Atlas analytics tool will allow the cryptocurrency exchange to automatically detect and trace fraudulent or illegal transactions

    Huobi Group announced today that it has launched Star Atlas, a new analytics tool designed to monitor on-chain transactions and activities “in real time to identify and flag suspicious or problematic transactions" such as money laundering, fraud, illegal dark web sales, and even price manipulation.

  • Huobi, Binance Steemed at Justin Sun Hive Takeover
    Alt coins,  Cryptocurrencies,  People

    Huobi, Binance Steemed at Sun

    The two cryptocurrency exchanges that Tron CEO Justin Sun suckered into supporting his abortive ‘hostile takeover’ of Steem are helping boot him off the blogging platform

    Actually, it’s more like Binance and Huobi are helping the Steem community abandon Sun. On March 17, leading Steem developers and community members announced Hive, a hard fork of the social blogging platform’s blockchain designed with one goal: to recreate Steem without the 65 million STEEM tokens (and their 20% governance vote) Sun received when he acquired blockchain developer Steemit.

  • Justin Sun
    Alt coins,  Cryptocurrencies,  Technology

    Steamed Steem supporters strike Sun

    Justin Sun’s ‘hostile takeover’ of the Steem blogging site backfired, with many Steemers and developers planning to migrate to Hive, a hard fork that could cost Tron its investment

    On March 17, a group of Steem community members and developers announced that Hive, a hard fork of the Steem blockchain, will take place on March 20. All STEEM token holders will receive an identical amount of Hive tokens—excluding the roughly 20% of outstanding STEEM Tron CEO Justin Sun acquired when he bought Steemit, the developer of the Steem project.