Smaller Bitcoin Wallets on the Rise Since Second Halving

The number of Bitcoin addresses since the second halving has increased across the board, but the number of small wallets with balances of less than 0.1 BTC saw the greatest improvement. According to data from Glassnode posted on May 11, the number of Bitcoin (BTC) addresses with a balance of under 0.01 BTC — approximately …

Ripple Partners Could Help Pandemic Supply Chain

Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic. Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28. The …

OTC Exchanges Help Thwart $5M Bank Heist in Brazil

A $5 million online heist in Brazil targeting Spanish multinational financial institution, Banco Santander was thwarted after the funds were seized with local over-the-counter (OTC) crypto exchanges. The perpetrators immediately moved to convert the stolen funds into Bitcoin (BTC), however, the cash triggered many of the bank accounts of the exchanges to be frozen upon …

US Mining Firm Plans to Nearly Double Hash Rate After Halving

U.S.-based mining firm, Riot Blockchain, has more than doubled the number of next-generation Bitcoin (BTC) miners it has purchased, buying 1,040 Antminer S19s from Bitmain on May 6.  The additional miners cost the firm $1.9 million, following Riot’s purchase of 1,000 S19s Pros, revealed on April 30. Riot predicts 80% increase in hash rate after …

Ripple’s XRP Ushers in Wallet Termination Capability

XRP users can now delete their wallets on the XRP network if they so desire — an update put in place after the community majority voted in favor of the change. “After maintaining an 80% consensus during the mandatory 15-day voting period, the XRPL Deletable Accounts Amendment became enabled on May 8, 2020 at 4:29:30 …

DLT Is Transforming Global Supply Chains

In an interview with Cointelegraph, Rupert Colchester, the head of blockchain at IBM Australia and New Zealand, discussed how distributed ledger technology is transforming supply chain systems worldwide. Colchester also provided insight into some of IBM’s current blockchain initiatives and the state of the industry in Australia, and he shared his excitement for the emerging …