Waves Lets Users Bet on Spread of COVID-19 For Charity

Waves has launched a macabre campaign to purportedly raise money for COVID-19 relief. The platform has created a tokenized parimutuel betting pool where users can speculate on whether the global number of confirmed coronavirus cases has risen or fallen within a given week. On April 3, Waves announced the ‘charity campaign,’ ostensibly in support of “organizations and funds in need of financial aid in fighting the global COVID-19 pandemic.” Waves launches tokenized COVID-19 prediction market Waves.Exchange users can now purchase ‘COVID-DWN’ or ‘COVID-UP’ tokens to speculate on whether the number…

Do Video Games Subconsciously Teach Users Crypto Economics?

The underlying premise of many video games might actually give people a core understanding of economics, especially in the crypto space. “As a kid, I played a lot of RuneScape,” crypto YouTuber and programmer Ivan on Tech said in a March 28 video. RuneScape is a medieval era fantasy game in which players interact with other live players, completing journeys, buying, selling, and trading various tools and materials, as well as battling. “A part of RuneScape is that it has its own economy,” Ivan said. “There’s actually a lot of…

Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users

EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA). Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on the exchange’s 115,000 customers. Canadian tax authority requests trove of QuadrigaCX user data “The Trustee has advised CRA that its intention is to simply produce a copy of the full EDiscovery Database, redacted only for the privilege, in response to…

Malaysian Blockchain App Allows Users to Trace Sustainable Palm Oil

The Malaysian Palm Oil Council (MPOC) and blockchain startup BloomBloc have developed a blockchain app that enables users to trace palm oil throughout the entire supply chain. Following a successful test, the blockchain-based system is available in a pilot roll out to local oil palm growers, palm oil processors, plantations and family owned smallholders, according to food industry publication Foodbev Media. The system registers each tree and its associated information, making it possible for users to track the journey from plantation, to mill, and on to the final product. The…

Crypto.com Rolls Out Bitcoin Invoicing Service for Users

Crypto.com, a leading crypto-focused business that allows users to easily buy, sell, earn and pay with bitcoin (BTC) and altcoins at various locations, has announced the launch of its new invoicing service. The firm says the new service makes it possible for merchants using Crypto.com pay, to generate and send invoices to customers interested in paying with their crypto holdings, according to a blog post on March 24, 2020. Innovative Crypto Invoicing Service In an attempt to further eliminate the complexities associated with paying with cryptocurrency, Crypto.com has rolled out…

Crypto.​com Simplifies Crypto Tax Reporting for Its Users

Payments and cryptocurrency platform Crypto.com has simplified cryptocurrency tax reporting for its users through a new partnership with three tax providers. On March 24, Crypto.com announced the collaboration with crypto tax calculator CoinTracker, crypto tax software platform TokenTax and crypto tax reporting firm CryptoTrader.Tax. Now, Crypto.com’s users can import their historical crypto transactions from the platform into one of the aforementioned tax reporting platforms to generate necessary tax reports. Users then can pass the forms along to a tax professional or transfer to tax filing software for further processing. A…

Robinhood Looks to Win Back Users Angry Over System Outage on Historic Market Day

Crypto and trading app Robinhood has begun taking action to reconcile with users affected by technical problems that sidelined them during the biggest one-day point gain in the history of the Dow Jones Industrial Average. On March 23, Robinhood reportedly emailed affected users to apologize for the incident and demonstrate its intention to rebuild customers’ trust in the form of credits, with the dollar amount to be determined on a case-by-case basis. Will users get reimbursement? A spokesperson for Robinhood told Cointelegraph that after reviewing customers’ emails and accounts, Robinhood…

Over 172 Million Weibo Users' Personal Data Is For Sale on Dark Web

Chinese social media giant saw a massive data breach result in data of millions of users available for sale on the dark web.  According to a March 19 report from Chinese blockchain news outlet Jinse, basic account information of 172 million users was available, priced at 0.177 BTC.  The account information for sale included user ID, number of Weibo posts, number of fans and followers, gender and geographical location.  Weibo confirmed the privacy issue yet deleted the post later on According to Jinse, Weibo’s security director Luo Shiyao responded to…

Coinbase Launches BTC Transaction Batching, Saving Users 50% on Fees

Major cryptocurrency exchange Coinbase recently unveiled a new feature on its platform designed to save users money on transactions fees. According to a blog post released by the exchange on March 13, Coinbase would immediately begin offering Bitcoin (BTC) transaction batching for its customers. The move taken by Coinbase, which “requires no action from customers”, will allow single on-chain transactions of cryptocurrencies to be bundled into one. The exchange predicts this will reduce the load on the BTC network and the resulting fees customers pay for sending money. Saving users…

Blockchain.​Com Now Offers Crypto Lending Service to All Users

Amid the ongoing growth of the cryptocurrency lending industry, major crypto wallet service Blockchain.com launches a new lending product for all users, not just institutions. After first launching an institutional crypto lending desk in August 2019, Blockchain.com is now rolling out its crypto lending service to all users across more than 180 countries, the United Kingdom-based firm announced to Cointelegraph on March 10. Borrow allows users to borrow Paxos Standard against Bitcoin at the launch The new lending product from Blockchain.com, dubbed Borrow, allows to users borrow Paxos Standard stablecoin…