Francisco Memoria

News Reporter

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

Articles by Author

Bitcoin Mining

Iran to Use Electricity From Three Power Plants to Mine Bitcoin

Iran is set to use the energy of three power plants exclusively to mine bitcoin, according to an announcement from the country’s Thermal Power Plant Holding Company (TPPH).” According to local news outlet Tehran Times, power plants in Iran receive benefits and subsidies from the government on their fuel supplies, but were barred from using […]
Altcoins Bitcoin Markets

Crypto ETP Trading Volumes Plunged 74% Over the Last Month

Cryptocurrency exchange-traded product (ETP) trading volumes have plunged over 74% in the last month, as the prices of these products have also been dropping. According to cryptoasset data aggregator CryptoCompare, in its newly launched The Digital Asset Management Review, exchange-traded products dropped 74% over the last month from $186.5 million in mid-August to an average […]
Bitcoin

Bitcoin Addresses Moving BTC to Exchanges Doubled so Far This Year

The number of bitcoin addresses moving BTC to cryptocurrency exchanges has doubled so far this year, as users are seemingly moving their funds off of the blockchain and into centralized platforms. According to on-chain analytics firm Glassnode, there are currently around 100,00 unique bitcoin addresses sending BTC to cryptocurrency exchanges on a daily basis. The […]
Business

Crypto Companies Are Showing ‘Significant Interest’ in Working With Visa, Executive Reveals

Terry Angelos, Visa’s global fintech lead, revealed in an interview that cryptocurrency companies have been showing “significant interest” in working with the world’s largest payments processor. Speaking to Forbes, Angelos revealed that cryptocurrencies firms want to work with Visa to “connect their clients to our network of 60-plus million merchants.2 so far, the executive added, […]
Mining Regulation

Venezuela Legalizes Crypto Mining, Forces Miners to Use National Mining Pool

The Venezuelan government has published a new decree in the Official Gazette legalizing cryptocurrency mining, but with a catch: crypto miners have to use a national mining pool. According to local news website CriptoNoticias, the new decree was authorized by Joselit Ramirez, head of Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP). It […]
DeFi

Crypto Hedge Fund Seeks $50 Million to Invest in DeFi Tokens

Cryptocurrency money manager Panxora is reportedly looking to raise up to $50 million for a new hedge fund to buy tokens associated with the decentralized finance (DeFi) space, at a time in which prices have been dropping. The decentralized finance space has been growing exponentially so far this year, after DeFi lending protocol Compound started distributing […]
Bitcoin

Santiment: Current High Level of FUD Suggests Bitcoin Price Rebound Is Coming

The price of bitcoin and other cryptocurrencies tends to rise when social sentiment shows fear, uncertainty and doubt are affecting traders, as the crypto market’s behavior is emotional. According to crypto analytics firm Santiment, we’ve been seeing a high level of fear, uncertainty, and doubt (FUD) so far this month, which could suggest a BTC […]
Security

Indian Authorities Investigate $270,000 Crypto Exchange Scam

Indian authorities are reportedly investigating a cryptocurrency exchange scam that allegedly duped 43 investors out of more than $270,000 through supposed cryptocurrency investments. According to local news outlet Milenium Post, the Economic Offence Wing of the New Delhi Police is now investigating the operators of the Pluto Exchange, after receiving a complaint from 43 investors […]
Altcoins Bitcoin

There Are Now Over 10,000 Bitcoin ATMs Throughout the World

The number of bitcoin ATMs installed throughout the world has exceeded 10,000, and the United States continue to lead the rest of the world in crypto ATMs with 76% of machines installed. According to CoinATMRadar, the first Bitcoin ATM was installed back in 2013 and in seven years the industry grew to over 10,000 machines […]
Bitcoin Markets

Brazilian Fund Manager to Launch World’s First Crypto ETF with Nasdaq

Regulated Brazilian fund manager Hashdex has reportedly partnered with Nasdaq to launch the world’s first cryptocurrency exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). According to a report published by local news outlet Infomoney, Hashdex has already obtained approval to launch the ETF, dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF was developed […]
Business Exchanges

Binance Launches ‘Innovation Zone’ to Filter out DeFi Token Traders Based on Risk Appetite

Leading cryptocurrency exchange Binance has announced the launch of an “Innovation Zone’ to filer out traders based on their risk appetites, before letting them trade risky decentralized finance (DeFi) projects. According to an announcement the cryptocurrency exchange published, its token listing process is “often viewed as overly strict,” but listing new projects in 2017 when […]
Altcoins Bitcoin

Prominent Bitfinex Trader Joe007 Says Uniswap (UNI) is Overvalued

Prominent Bitfinex trader Joe007, who is well-known for holding massive positions on the price of bitcoin, has revealed he believes Uniswap’s UNI governance token is overvalued. On social media, where Joe007 is well-known for standing up for bitcoin and Bitfinex, and for being bearish on altcoins, responded to a user who asked him about his […]
Altcoins Business

Crypto Travel Agency Travala Enters Chinese Travel Market

The Binance-backed cryptocurrency travel booking website Travala is reportedly expanding into the growing Chinese travel market, as the country’s tourism industry starts rebounding from the COVID-19 pandemic. According to CoinDesk, the online travel agency has launched a Chinese language website and created a regional customer support team. It’s also starting to market to travelers in […]
Altcoins Stablecoins

Tether’s Market Cap Surpasses $15 Billion After Growing by $3 Billion in a Single Month

The total market capitalization of Tether’s USDT stablecoin has grown by $3 billion in a single month, to help the stablecoin further cement its position as the number three crypto by market cap, at $15 billion. Tether celebrated the milestone on Twitter by pointing out its growth over the last 30 days and its position […]
Bitcoin

Shareholders Will Demand Corporations Start Buying Bitcoin, Says Max Keiser

Heisenberg Capital founder and RT show host Max Keiser has revealed he believes shareholders will start demanding corporations start deploying their cash reserves into bitcoin as central banks’ response to the coronavirus-induced economic crisis could pose long-term risks for these firm’s treasuries. Max Keiser revealed he believes idle cash reserves are a “melting ice cube,” as […]
Altcoins

Cardano Launches $250,000 ADA Fund to Develop Its Ecosystem

IOHK, the tech firm behind Cardano (ADA) has launched a public fund to help publish the network’s decentralization further and attract entrepreneurs to the Cardano ecosystem. In a blog post, the firm revealed the new fund, part of Project Catalyst, is set to allocate funds to pay for proposals that are approved by members of […]
Altcoins Ethereum Mining

Ethereum Miner Revenues Hit 5-Year High Over 2,275 ETH

Ethereum miners have been seeing their revenues surge so far this month, with the one-day moving average hitting 2,275 ETH thanks to the recent airdrop of Uniswap’s UNI tokens to users who interacted with the protocol. As CryptoGlobe reported, pending transactions on the Ethereum network surged after Uniswap launched its UNI governance token, and airdropped […]
Altcoins Ripple

Holders Set 1.1 Billion XRP to Participate in Upcoming Spark Token Airdrop

XRP holders have set up nearly 20,000 XRPL accounts to participate in an upcoming massive token airdrop to those who hold XRP. These accounts have a total of 1.1 billion XRP in them. According to XRP blockchain forensics firm xrplorer, a total of 19,997 accounts have set a message key to receive tokens in the […]
Altcoins DeFi Exchanges

Ethereum’s Pending Transactions Surged After Uniswap Launches Governance token

The number of pending transactions per minute on the Ethereum network jumped shortly after leading decentralized exchange Uniswap announced the launch of its UNI token, coupled with a 400 token airdropped to those who have used the protocol. The decentralized exchange’s announcement revealed it launched the UNI governance token, with a total of one billion […]
Altcoins Security

U.S. DOJ Charges Two Over $16.8 Million Crypto Phishing Campaign

The U.S. Department of Justice (DOJ) has indicted two Russian nationals for allegedly running a near $17 million cryptocurrency phishing campaign that defrauded both crypto exchanges and their customers. According to the DOJ’s official statement both individuals, Danil Potekhin and Dimitrii Karasavidi, created numerous websites mimicking those of legitimate cryptocurrency exchanges and lured users onto […]

DeFi Protocol bZx Recovers $8 Million in Crypto Stolen in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has revealed it managed to recover the over $8 million worth of cryptocurrency that an attacker stole from it earlier this week. On Twitter, the protocol’s official account announced it recovered the funds without providing the community with a lot of details. According to CoinDesk, a spokesperson for the […]

Kraken Launches Crypto Bank in Wyoming After Receiving Bank Charter Approval

Popular cryptocurrency trading platform Kraken has announced the State of Wyoming has approved its application to form the world’s first Special Purpose Depository Institution (SPDI), allowing it to form a crypto bank dubbed Kraken Financial. According to an announcement the firm published, Kraken Financial is headquartered in Wyoming and is the “first digital asset company […]

Binance’s Crypto Debit Card Launches in Europe

Leading cryptocurrency exchange Binance has launched its Binance Visa Card, a cryptocurrency debit card that lets users pay with crypto anywhere visa is accepted, to its users in the European Economic Area. According to a press release, the Binance visa Card lets users transact at over 60 million locations throughout the world, and can virtually […]

Peer-to-Peer Bitcoin Exchange Paxful Exits Venezuela Citing OFAC Sanctions

Popular peer-to-peer (P2P) bitcoin exchange Paxful is shutting down its operations in Venezuela, in a move seemingly made to comply with U.S. economic sanctions against the country. According to Bitcoin.com, a Paxful spokesperson has revealed the exchange is now restricting the creation of new accounts, and closing old ones from the country as part of […]

New DeFi Token Enjoys 1,100% Surge After Receiving Attention From Ethereum Creator Vitalik Buterin

The price of a new decentralized finance (DeFi) token has surged over 1,100% in a few days shortly after attracting the attention of Ethereum co-founder Vitalik Buterin, who praised its voting system. The DeFi token, Pickle Finance (PICKLE) has seen its price jump from around $5.88 on September 13 to over $75 at press time, […]

Bakkt’s Bitcoin Futures Trading Volume Hits New All-Time High

The Intercontinental Exchange’s bitcoin derivatives trading platform, Bakkt, has seen its futures contracts trading volume hit a new all-time high after$200 million in a single day. According to Bakkt, the 15,955 contracts were traded, representing a 36% increase over its previous all-time high. The rise comes as Bakkt has long been trailing its rival, the […]

Bitcoin Whales Have Been Accumulating BTC This Year, on-Chain Data Suggests

Data from the Bitcoin blockchain suggests that bitcoin whales – including institutional investors – have been accumulating BTC this year, especially when the price of the cryptocurrency dropped. A report published by the research arm of crypto exchange OKEx, OKEx Insights, and blockchain data firm Catallact, found by looking at the flagship cryptocurrency’s blockchain data […]

India Is Reportedly Planning to Ban Cryptocurrency Trading

India is reportedly planning on introducing a new law to ban cryptocurrency trading in the country, a move that would be a blow to the rapidly growing cryptocurrency scene in the country. According to Bloomberg, the new law is expected to be discussed shortly by the federal cabinet, before being sent to the country’s parliament. […]

Binance Sued by Crypto Exchange for Allegedly Facilitating Laundering of Stolen Bitcoin

Japanese cryptocurrency exchange Fisco has sued leading crypto exchange Binance for allegedly facilitating the laundering of $9 million in bitcoin. According to a 33-page complaint filed in the Northern California District Court on September 14, the Japanese cryptocurrency exchange is accusing Binance of “aiding and abetting” the laundering of 1,451 BTC – then worth $9.4 […]

Apple Censors Cryptocurrency and DeFi Features on Coinbase’s App, Brian Armstrong Says

Apple Inc has reportedly censored San Francisco-cryptocurrency exchange Coinbase from adding specific cryptocurrency and decentralized finance (DeFi)-related features to its iOS app. According to a tweetstorm published by the exchange’s CEO Brian Armstrong, the tech giant stopped Coinbase from adding features that would let their users earn cryptocurrency directly through the app, or access decentralized […]

Bitcoin Engineers Rediscover Major Blockchain Vulnerability on Decred

Bitcoin engineers have rediscovered a major blockchain vulnerability found in 2018 on the software that powers the Bitcoin blockchain, Bitcoin Core. The vulnerability was discovered on Decred (DCR). The vulnerability was first found by Bitcoin protocol engineer Brandon Fuller. Called INVDoS, short for inventory out-of-memory denial-of-service attack,  it could see an attacker create malformed Bitcoin […]

DeFi Protocol bZx Loses $8 Million in Third Exploit

Decentralized finance (DeFi) lending protocol bZx has suffered a third exploit, and this time the attackers got over $8 million in cryptocurrency by duplicating assets. The exploit, according to the bZx team, allowed the attackers to use flawed code to duplicate assets or increase their balance of interest-bearing tokens on bZx, dubbed iTokens. After noticing […]

OKEx Jumpstart’s First Mining Project: 10 Million OKB Staked in 6 Minutes

OKExs Jumpstart mining project, which allows users to stake OKB tokens 14 days ahead of the launch of a new project on Jumpstart to earn “high rewards and staking incentives,” has seen users stake $53.9 million in only six minutes on its first project. According to a press release the firm published, on September 10 […]

DeFi Exit Scam Vanishes with $20 Million two Days After Launch

A supposed new liquidity mining pool on the decentralized finance ecosystem, YFDEX.Finance (YFDEX) has allegedly pulled an exit scam, leaving with $20 million worth of investors’ funds merely two days after launch. The supposed DeFi project ran a two-day campaign heavily promoting itself on social media, even incentivizing cryptocurrency giveaways on Twitter to get more […]

Binance to Assist in Recovering Crypto Stolen From Crypto Exchange ETERBASE

Leading cryptocurrency exchange Binance is set to assist hacked crypto trading platform ETERBASE in recovering funds hackers stole from its hot wallets earlier this month. In an announcement on Twitter, where ETERBASE revealed it will continue operating despite being hacked for millions worth of cryptocurrency, it also revealed that its investigations show a “big part” […]

Square Forms Group to Stop Patent Trolls From Hindering Crypto Innovation

Square, the payment company of Twitter CEO Jack Dorsey, has invited cryptocurrency firms to join its Cryptocurrency Open Patent Alliance (COPA), a non-profit that wants to stop firms from locking up useful crypto technologies using patents. In a statement, the payments firm, which has been letting users buy and sell bitcoin since 2018, wrote: Locking […]

Netwalker Ransomware Group Demands $7.7 Million in Bitcoin From Electricity Firm

The Netwalker ransomware group has hit the sole electricity provider for the city of Karachi, K-Electric, with a ransomware attack and is demanding a $7.7 million bitcoin ransom. According to BleepingComputer, K-Electric is Pakistan’s largest power supplier and serves 2.5 million customers. It employs 10,000 people and since yesterday, customers have been unable to access […]

Dave Portnoy Missing ‘Crazy’ Crypto Community, Promises He’ll Return

Barstool Sports founder Dave Portnoy has revealed he is going to be back in the cryptocurrency space after abruptly abandoning it in the wake of a Chainlink (LINK) trade that went wrong. In a recent video of his daily Davey Day Trader stock market stream, Portnoy pointed out he has been working with internet businesses […]

Bitcoin Is ‘Best Manifestation’ of Internet’s Native Currency, Says Twitter CEO Jack Dorsey

Twitter and Square CEO Jack Dorsey has recently argued that bitcoin is the “best manifestation” of a native currency for the internet, as it parallels the community-driven principles of the web.  Speaking to Reuters, Dorsey said he believes the internet “wants a native currency” and that BTC is best-positioned to fulfill that role. He added […]

Indorse Announces Blockchain Hackathon Tackling Challenges Posed by COVID-19

Indorse, the leading platform focused on building, growing, and sustaining high-performance software engineering teams, is proud to announce the launch of the POST COVID HACK – a global and online initiative to unearth innovative Blockchain solutions to tackle the challenges posed by the pandemic. The event is co-organized with Coinsilium, a Blockchain, DeFi, and Crypto […]

EOS DeFi Project Moves Crypto Worth $2.5 Million in Apparent Exit Scam

A decentralized finance project on the EOS blockchain has moved $2.5 million worth of user funds in what appears to have been an exit scam. According to China-based auditing firm SlowMist, yield farming project Emerald Mine (EMD), based on the EOS blockchain, moved tokens supposedly locked in its smart contract to an account labeled “sji111111111.” […]

Bitcoin’s 60-Day Correlation With Gold Hits New All-Time High

The flagship cryptocurrency’s 60-day correlation with gold has hit a new all-time high, at a time in which BTC has been managing to remain above the $10,000 mark. According to data from Coin Metrics, BTC’s 60-day correlation with gold hit 0.5, a new all-time high, as a climb that started in July when bitcoin’s price […]

Binance Uganda to Delist Parent Company’s Own BNB Token

The East African arm of leading cryptocurrency trading platform Binance, Binance Uganda, has announced it will delist the parent company’s native token, the Binance Coin (BNB). According to an announcement published by Binance Uganda, the token will be delisted on September 17, with the exact trading pair being removed being BNB/UGX. This means traders using […]

Crypto Miner Maker Canaan Announces $10 Million Share Buyback

Cryptocurrency mining equipment manufacturer Canaan has announced its board of directors approved a share repurchase program of up to $10 million, or about 3.3% of its outstanding shares. The China-based company was listed on the Nasdaq stock exchanges last year, selling shares at $9 each as part of its initial public offering, in which it […]

Peter Schiff Bashes Grayscale Over ETHE’s 80% Price Drop Since June

Gold bug peter Schiff has bashed Grayscale Investments over the price performance of its Ethereum investment vehicle, the Ethereum Trust (ETHE), which has lost nearly 80% of its value since its June high. In a tweet, Schiff claimed that the company’s advertising campaign on the history of money that supported its Bitcoin Trust (GBTC) and […]

Brave Browser Starts Protecting Users Against Crypto Phishing Scams

Support CryptoGlobe and Brave by trying out the Brave browser. The cryptocurrency-powered Brave browser has announced it incorporated the open-source solution from cybersecurity firm PhishFort to protect its users against cryptocurrency phishing attacks. Phishing attacks essentially involve tricking a victim into giving up personal information, usually by getting the victim to access a website that looks […]

Crypto Derivatives’ Monthly Volumes Hit New All-Time High Above $700 Billion: Report

 A total of $711.7 billion worth of cryptocurrency derivatives products were traded in August, as volumes went up 53.6% when compared to July. The figure represents a new all-time high for monthly derivatives trading volumes. According to CryptoCompare’s August 2020 Exchange Review, derivatives volumes went up over 50% in August while spot volumes increased 49.6% […]

Ethereum Transaction Fees Plummet After Hitting New All-Time High

The average fee paid to transact on the Ethereum network has plummeted this week, after it hit a new all-time high of $14.5. The average transaction fee started dropping along with the price of the cryptocurrency. According to data from BitInfoCharts, on September 2 the average transaction fee to move funds on the Ethereum network […]

Cryptocurrency Rarely Used to Launder Money Stolen From Banks: Report

Cryptocurrency are rarely used to launder funds stolen from banks and other financial institutions, while traditional methods based on fiat currencies are still popular among cybercriminal organizations. According to a report published by SWIFT, the organization behind the SWIFT international bank messaging system that nearly all banks throughout the world use, traditional methods like the […]

Bithumb Reportedly Raided a Second Time by South Korean Authorities

South Korea’s leading cryptocurrency exchange bethumb has reportedly been raided a second time by the Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit. According to the Seoul Newspaper, authorities entered Bithumb’s headquarters and seized evidence relating to a $25 million fraud investigation, linked to the sale of the BXA tokens that were supposed to be […]

Betting on DeFi? Crypto Insurance Products May be Worth Looking into

The decentralized finance (DeFi) space has been steadily growing, going form less than $500 million worth of cryptocurrencies locked a year ago to over $9 billion at press time. Data shows that the space’s exponential growth took off after DeFi lending protocol Compound started distributing its COMP governance token. A yield farming trend was started […]

Top-Tier Cryptocurrency Exchanges Dominated Trading Volumes in August: Report

Last month, Top-Tier cryptocurrency exchanges have seen their trading volumes soar by 58.3%, while Lower-Tier crypto trading platforms saw their volumes increase 30.2% over the same period. Top-Tier trading platforms now represent 64% of the crypto space’s total trading volume. The data comes from CryptoCompare’s August 2020 Exchange Review, with exchange rankings coming from CryptoCompare’s […]

Binance Launches New DeFi-Style Trading Platform

Leading cryptocurrency exchange Binance has launched a new trading platform similar to leading decentralized exchange Uniswap , which allows users to become market makers and trade with a smart contract. According to the cryptocurrency exchange’s announcement, the new trading platform is an automated market maker (AMM) pool, and is the first of its kind on […]

Crypto Derivatives Exchange BitMEX Adds Chainlink, Tezos Contracts

Cryptocurrency derivatives trading platform BitMEX has announced the launch of four new altcoin/USDT futures contracts, with two being for cryptocurrencies that were not yet listed on the platform. According to BitMEX’s announcement, the trading pairs will be against the USDT stablecoin and not bitcoin “in response to demand” from its users. The exchange points out […]

Monthly Ethereum Transaction Volumes Surpass $24 Billion

Rising transaction fees on the Ethereum network have reportedly caused a drastic decline in user activity last month, but transaction volumes on the ETH network were nevertheless above $24 billion. According to decentralized applications tracker DappRadar, the high gas prices being paid to move funds on Ethereum have not affected the decentralized finance ecosystem or […]

Crypto Exchange Uphold to Support Spark Token Airdrop for XRP Holders

Popular cryptocurrency exchange Uphold has announced it will support the Spark token airdrop for XRP holders “after fervent public commentary.” According to the exchange, those who hold XRP on the exchange on December 12, 2020 – the date of the network’s snapshot for the token distribution – will receive Spark tokens on a 1:! Bases […]

Bitcoin Plunges Below $11,000 After 92,000 BTC Move to Exchanges

The price of Bitcoin has plunged this afternoon, going from about $11,400 earlier in the day to a $10,600 low before it started recovering as buyers stepped in. According to CryptoCompare data, the flagship cryptocurrency’s price dropped by over $400 in little over 20 minutes, going from over $11,2000 to $10,800 before the sell-off continued. […]

Electronic Frontier Foundation Asks Coinbase to Improve Its Transparency

The Electronic Frontier Foundation (EFF), a non-profit organization that champions digital rights, has called on San Francisco-based cryptocurrency exchange Coinbase to improve its transparency in handling authorities’ requests for private financial data. In a post on the EFF’s website, the organization said it’s increasingly concerned “that payment processors are being asked to turn over information […]

Swiss Canton of Zug to Accept Bitcoin and Ethereum for Tax Payments

Switzerland’s canton of Zug, home to the so-called “Crypto Valley,” will start accepting bitcoin and ether for tax payments, as the popularity of cryptoassets keeps on rising. According to Bloomberg, in a statement, the canton revealed residents will be able to use the top two cryptocurrencies for tax payments in February 2021, with a trial […]

Hackers Hijack Twitter Account Linked to India’s Prime Minister to Ask for Crypto

A Twitter account linked to Indian Prime Minister Narendra Modi has been hijacked by hackers who used their access to trick users into sending them cryptocurrencies. According to Nikkei Asian Review, the hackers managed to hijack the account used for Modi’s personal website and the Narendra Modi mobile application, which has over 2.5 million followers. […]