Pavel Durov Denies He’s Selling Telegram Following TON Failure

Pavel Durov, CEO of the popular encrypted messaging platform, Telegram, has denied reports that the firm is preparing to sell the company after the failure of Telegram’s blockchain project. According to an Aug. 5 report by local tech publication iXBT, Russia’s internet company Mail.ru is one of the parties interested in acquiring Telegram. Another is an as yet unidentified Russian billionaire. The information was reportedly shared by Russia-based trader and analyst, Kirill Promzin. As reported by iXBT, Promzin predicted Bitcoin’s 2017 bull run back in 2012, even calling the asset’s…

Cardano Continues Building Steam by Concluding Project Renovare

The Cardano Foundation has unveiled a new-look website as part of its brand repositioning. This forms part of a company-wide initiative, called Project Renovare, to rebrand Cardano as it moves into the smart contract phase of development. In a blog post, PR and Communications team member Elliot Hill said the move was more than just updating the look. Rather, it’s also part of a strategy to grow the community and drive the adoption of Cardano. “… it is vital that both Cardano and the Cardano Foundation brand become synonymous with…

Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’

Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot Aug. 5. Source: Coin360 Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having gained over 4% in the past 24 hours. BTC/USD 1-day chart. Source: Coin360 Excitement remains palpable for Bitcoin, which has spent the week slowly patching up losses after it fell $1,200 from highs of $12,000…

Ethereum 2.0 and EOS Crossing Swords Over Scalability Supremacy

When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) — not just in terms of providing a scalable development platform for decentralized apps, or DApps, but also in terms of a well-funded project with great support, and one that could rival Ethereum as the second-ranked cryptocurrency. So far, while EDApps OS is definitely a worthy competitor, it’s hard to argue that it has toppled Ethereum, which houses almost nine times more DApps on its platform than EOS, according to State…

Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments

Coinbase Wallet, a service of the largest crypto exchange in the United States, now supports “.crypto” domains via an integration with blockchain domain provider Unstoppable Domains. Coinbase users can now send payments to each other by simply typing a .crypto domain instead of using long-form cryptographic addresses, Unstoppable Domains told Cointelegraph on Aug. 5. By introducing the new integration, Coinbase Wallet joins major crypto exchange Huobi, which announced a similar feature in late June.  Brad Kam, co-founder of Unstoppable Domains, says that Coinbase Wallet is the first platform to offer…

Pasta Producer De Cecco Adopts VeChain My Care Framework

De Cecco, the world’s third-largest producer of pasta, becomes the latest firm to join the VeChain ecosystem by adopting the My Care methodology. It becomes Italy’s first major food manufacturer to integrate the solution. Source: twitter.com VeChain Provides Solution to Pandemic Fears The company’s adoption of My Care is a strategy designed to counter the risks of contagion arising from the pandemic situation. According to Google, worldwide deaths have reached 692k, and the number of new cases in the last two months is continuing to rise. Source: google.com With that,…

Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

Ryozo Himino, the new commissioner of Japan’s Financial Services Agency, says the agency is wary of deregulating private cryptocurrencies. Noting that the COVID-19 pandemic could accelerate the transition to a cashless society, Himono instead emphasized the potential role of central bank digital currencies (CBDC) to spearhead innovation in digital payments. “Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation, if doing so simply increases speculative trading,” he told reporters on Aug. 5. Japan should think “really hard” about whether to issue a CBDC Himono — whose proactive engagement…

Ethereum Transaction Fees Fall by 75% as Congestion Eases

The cost of sending a transaction on Ethereum plummeted today as congestion appears to be finally clearing.  According to EthGasStation, the average gas fee on Wednesday is between 30 and 40 Gwei, with a notable 6 Gwei as the minimum to get a transaction confirmed in less than 30 minutes. This comes after a period of more than two months of elevated fees, touching at times more than 140 Gwei. Taking a standard Ether (ETH) transaction as an example, the average cost of sending it came down from about $1…

BTCU Team Attends Ritossa’s Global Investment Summit of Family Offices

On July 28-30, Monaco hosted the 11th Global Family Office Investment Summit under the high patronage of His Serene Highness Prince Albert II of Monaco. The Ritossa’s Family Office Summit, organized by Sir Anthony, was recognized as the largest of its kind, bringing together investors with wealth over $ 4.5 trillion. The summit was aimed at discussing alternative investments and the impact of family office investments on human well-being. The main topic of the summit was the discussion of alternative sustainable investments that would help preserve capital during volatile market…

3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two-year highs. Unique entity growth mirrors 2017 bull run More unique entities are joining the Bitcoin network as activity increasingly resembles the bull run to all-time highs in 2017.  According to data from on-chain monitoring resource Glassnode, as of August 4, the average weekly new entity count has returned to 140,000, its highest since early 2018. New entities refer to wallet addresses, with Glassnode defining them as “a…