BLOCKCHAIN

Crypto Wallet Secures $50 Million Insurance for Customer Crypto Assets

[ad_1] Crypto securities company Curv has partnered with insurance company Munich Re to obtain $50 million in coverage, according to a Curv press release on May 10.This new insurance is designed to cover any cases in which a bad actor was able to gain access to either Curv or the customer’s shares, both of which would be needed in order to sign off on an illicit transaction. As is stated
Business

Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO

[ad_1] Ethereum founders Joseph Lubin and Vitalik Buterin and their respective organizations ConsenSys and the Ethereum Foundation are each donating 1,000 ether (ETH) to the Moloch decentralized autonomous organization (DAO).This donation brings the organization's total funds up to $1 million,  a Cointelegraph correspondent learned at the Ethereal Summit on May 10.The stated objective of Moloch DAO, created by Ameen Soleimani — the CEO of the Ethereum-based adult token platform Spankchain
Business

Ethereum Foundation Announces Annual Funding, Next Devcon Location

[ad_1] The Ethereum Foundation is planning to spend $30 million on different projects across the ecosystem over the next 12 months, the company’s executive director Aya Miyaguchi revealed at the ConsenSys’ Ethereal Summit on May 10.In the course of the next year, the Foundation is going to allocate funds for improvement of Ethereum’s performance and security, which includes working on the current proof-of-work (PoW) algorithm of Ethereum 1.x and general
BLOCKCHAIN

New York Assemblyman Says Blockchain Industry Needs Better Lobbying, Education

[ad_1] New York State Assemblyman Clyde Vanel said that the blockchain industry needs to be better at lobbying for itself and educating regulators. Vanel delivered his comments at a panel of ConsenSys’ Ethereal Summit on May 10.Vanel said that crypto- and blockchain-based business need to better advertise their accomplishments and value to the public. He noted that, within the nascent industry, bad actors often get all of the press, while
EXCHANGES

Did the $41M Bitcoin Theft Create a Buying Opportunity for Binance Coin (BNB)?

[ad_1] Binance Token (BNB) has taken a significant due to the Binance Bitcoin hack but is the recent pullback an opportunity for buyers? BNB Maybe a Steal as Binance Reels Since topping out at $25.49 Binance Token (BNB) 00 has pulled back by nearly 27% and the fallout from last week’s Tether – Bitfinex scandal along with Binance’s recent $41 million bitcoin theft are taking their toll on the exchange’s
BLOCKCHAIN

New Ernst & Young Report Reveals Assets and Debts of Now-Defunct QuadrigaCX

[ad_1] A new report from Big Four audit firm Ernst & Young (EY) outlines the assets and debts of  major Canadian crypto exchange QuadrigaCX and its subsidiaries. The report was released on EY site on May 9.EY — a monitor to the creditor proceedings of now-defunct QuadrigaCX — has published a trustee’s preliminary report revealing that Quadriga has around $20.8 million in assets, and around $160 million in liabilities as
Business

Ethereum 2.0 Proof-of-Stake Transition Not to Happen Until at Least 2021

[ad_1] The Ethereum (ETH) 2.0 proof-of-stake (PoS) transition will not take place until 2021, the CEO of crypto analytics firm Messari predicted at a panel of ConsenSys’ Ethereal Summit on May 10.During the panel titled “The Smart Contract War Is Coming,” Messari’s Ryan Selkis pointed out major risks associated with Ethereum’s migration from a proof-of-work (PoW) to a PoS consensus algorithm, arguing that PoS systems “are not proven to work.”According
Business

Financial Advisory Firm Says Past Market Trends Point to Bitcoin at $20,000 by 2021

[ad_1] Financial advisory firm Canaccord Genuity has predicted that bitcoin (BTC) could hit $20,000 by 2021 based on retrospective projections in an analysis published on May 9.This prediction is based on a close similarity between the four-year price cycles of bitcoin during the 2011–2015 and 2015–2019 ranges, as shown in the following graph:Bitcoin price cycles. Source: Canaccord GenuityCanaccord Genuity points to the bitcoin mining rewards schedule as a possible cause
Business

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 10

[ad_1] The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Мarket data is provided by the HitBTC exchange.Bitcoin has been crossing every overhead resistance with ease. A few months back, the question troubling analysts was where Bitcoin would bottom out, but now
EXCHANGES

Max Keiser Now Eyes $10,000 Target as Bitcoin Price Surges Past $6,400

[ad_1] Bitcoin price has blasted through the $6,400 level as Max Keiser says that $10,000 now is “chip shot” from the current levels. Bitcoin Price Back At $6,400 Bitcoin price 00 doesn’t seem to be showing any signs of slowing down. Its price continues to increase. Over the past 24 hours, BTC/USD has gained nearly 6 percent, blasting through the $6,400 level. As Bitcoinist reported on May 9th, Bitcoin reclaimed the $6,000