The top news in the last 24 hours are shown below:
62% of Financial Analysts Agree That Brexit Will Lead to Higher Cryptocurrency Prices, According to Fresh Study
A recent survey by the market intelligence firm Cindicator is suggesting that Brexit could raise the value of cryptocurrencies. This comes as there is increasing uncertainty mounting regarding the UK’s planned exit from the European Union. 62% of analysts believe Brexit will boost cryptocurrency prices, 74% are considering holding cryptocurrency.
Bithumb Hacked Again: $13 Million Worth of EOS Stolen
Yesterday evening @doveywan tweeted that 3 million EOS had been hacked from Bithumb exchange. She stated that the information came from a security firm which audits Bithumb. At this stage, Bithumb hadn’t confirmed or denied that they had been hacked. They had tweeted that they had suspended deposit and withdrawal services to ‘provide more stable service’ and to ‘proceed with a temporary check on the cryptocurrency deposit and withdrawal service.’
Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees
Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.”
New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say they will give crypto companies the peace of mind they need to focus on their core activities without having to worry about banking.
Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners
On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities to take advantage of the wet season in China.
Crypto Exchange HitBTC Appeals to Cryptography in Dispute With Altcoin BTCP
Cryptocurrency exchange HitBTC appealed to the specificity of its cryptography in an ongoing dispute with the team behind altcoin Bitcoin Private (BTCP). The post was published on HitBTC’s blog on Tuesday, March 26. The dispute involves HitBTC’s delisting of the altcoin, whose team then accused the exchange of fraud.
Universal Protocol Alliance to Launch Euro-Pegged Stablecoin in April
The Universal Protocol (UP) Alliance, a coalition of blockchain firms including crypto exchange Bittrex and decentralized browser Brave, will launch its euro-pegged stable coin in April, according to a press release on March 28. The UP’s stable coin dubbed the Universal Euro (UPEUR) will be pegged to the euro on a 1:1 basis and will reportedly allow customers to earn up to 8 percent interest.
US SEC Delays Decision on Bitcoin ETF Applications From VanEck and Bitwise
The United States Securities and Exchange Commission (SEC) has delayed its decision on a rule change to the Securities Act that would allow the listing of Bitcoin (BTC) exchange-traded funds (ETF). The SEC published its decision in a public notice on March 29.
Largest Austrian Energy Provider Debuts DLT-Based E-Car Charger
Wien Energie, the largest energy provider in Austria, has announced a charger for electric cars based on distributed ledger technology (DLT), Cointelegraph auf Deutsch reports on March 29. Per an official press release, Wien Energie in partnership with blockchain tech firm Riddle & Code is testing an electric vehicle charging station with “integrated secure machine identity” in Vienna. The new machines purportedly aim to provide immutable data interfaces that connect various aspects of the power supply chain, including smart meters, producers, and consumers.
Experts: Ethereum Losing Ground to New Networks
The Ethereum network is losing ground as developers switch to other projects, various experts told Bloomberg on March 28. Ethereum, which debuted in 2015, initially provided a platform on which developers could build decentralized apps (DApps), conduct initial coin offerings (ICOs) and write smart contracts. Many saw it as being the successor to Bitcoin (BTC).
OmiseGo Denies Acquisition by Thailand’s Biggest Private Company
Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors in correspondence to Cointelegraph Japan on March 30. On March 29, cryptocurrency news outlet The Block Crypto reported that Charoen Pokphand Group, Thailand’s largest private company, had acquired Omise for $150 million. Shortly afterward, Omise answered an inquiry by Cointelegraph Japan, denying the rumors.
Former IBM and Cisco Executive Tom Noonan to Join Bakkt as Chairman of Board
Kelly Loeffler, the CEO of institutional trading platform Bakkt, announced that former cybersecurity expert at IBM, Cisco and Endgame Tom Noonan would become the chairman of its board of directors. The development was reported in a Medium post published on March 29. Loeffler notes that crypto market manipulation and security concerns illustrate the importance of regulated custody and market-based solutions for digital assets. She added:
“Security, infrastructure and regulatory clarity are cornerstones for building trust, and ultimately to help this technology serve people around the world.”