Bitcoin price remains steady, even though almost $1 billion in options expired yesterday and a hacker drew $150 million worth of cryptocurrencies from KuCoin, a major cryptocurrency exchange. Despite all the tumult, the price of Bitcoin held strong, increasing by 1.1% over the past day to $10,727, according to data Read more…
The CEO of cryptocurrency exchange KuCoin today responded to questions about a hack that resulted in at least $150 million of Ethereum tokens being drained from the exchange’s wallets, as well as millions more from other blockchains, including $13 million from Tether based on the EOS blockchain. In a livestream Read more…
People seldom hear about legislation addressing cryptocurrency or blockchain technology for a very good reason: That type of legislation seldom goes very far in the US Congress. Yesterday, however, two such bills were introduced side-by-side with some fanfare: the Digital Commodity Exchange Act and the Securities Clarity Act. The bills Read more…
KuCoin, which touts itself as “the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more” apparently has been hacked. At stake is about $150 million worth of tokens that’s been moved to a different address, which on its own Read more…
Though Wall Street closed with a profit on Friday, the Dow Jones ended trading today with a fourth straight weekly red candle. Bitcoin, mirroring the stock market, also had a rough week after 15 days of recovery. The US stock market’s main index, the Dow Jones, rose 1.34% after a Read more…
Venezuela has its first Bitcoin satellite node capable of processing transactions without an internet connection. The Venezuelan “space node” was set up in the country by Anibal Garrido and the Anibal Cripto team. It uses technology from Blockstream, which contracts satellites—in this case, EUTELSAT-113—to broadcast data between points via offline Read more…
The amount of Bitcoin converted into Ethereum-based ERC-20 tokens had hit $1.2 billion, per data from Dune Analytics. This means that 0.5% of all of Bitcoin’s market cap has been ported to the Ethereum blockchain, also equivalent to 3% of Ethereum’s market cap. This is the most Bitcoin that’s moved Read more…
Maker Votes to Not Compensate Black Thursday Victims MakerDAO traders who had their collateral wiped out during DeFi’s so-called Black Thursday, received bad news from the protocol’s decentralized court this week: they won’t be getting a penny (or gwei) back. Their only hope now lies in traditional/centralized courts. On March Read more…
The decentralized finance sector within the cryptocurrency industry has been on fire in 2020, and today, DeFi has broken through another major threshold. DeFi users have now locked more than $10 billion in digital assets, including cryptocurrencies such as Ethereum and dollar-pegged stablecoins, into DeFi applications, according to data aggregator Read more…
Last December, Twitter CEO and co-founder Jack Dorsey tweeted that the company would start a new initiative called Blue Sky with the intention of creating a decentralized standard for social media—Twitter included. There haven’t been a lot of concrete details since then, but Dorsey—the noted Bitcoin enthusiast—broke down the social Read more…
It’s been a long time coming, but Ethereum 2.0 is finally on the horizon. The major update aims to address the network’s scalability and security through a number of changes to its infrastructure—most notably, the switch from a proof of work consensus mechanism to a proof of stake model. What Read more…
American crypto exchange Gemini has announced the addition of 15 new decentralized finance (DeFi) tokens today, including DeFi darlings such as Uniswap (UNI) and Yearn.finance (YFI). 1/2 Today, we have added new support for 15additional #DeFi tokens. We believe in the potential of DeFi and are here to help usher Read more…
Delphi Digital, a cryptocurrency research and consulting firm, purchased five Ethereum non-fungible tokens (NFTs) for over $162,000 on the blockchain game Axie Infinity yesterday. It marked one of the most expensive NFT purchases ever. Axie Infinity is a digital pet game that allows users to virtually train, raise, battle, and Read more…
Diamond Standard, a New York-based startup, is launching a novel way to buy, track, and sell diamonds on the Ethereum blockchain: The company wants to turn diamonds into a liquid commodity, as fungible and easy to trade as any other asset. To that end, on Monday, it’s holding an “Initial Commodity Read more…
The 3rd Global Cryptoasset Benchmarking Study, published by the Cambridge Centre for Alternative Finance (CCAF), shows that crypto employment growth is slowing down, some miners are continuing to rely on public subsidies, and regulatory standards are mirroring the traditional finance space. This report is the third of its kind, with Read more…
Cardano powerhouse IOHK has joined forces with the UN to offer a $10,000 bounty to forward-thinking blockchain projects that further the UN’s sustainability goals. What is Cardano (ADA)? Five years ago, the UN adopted the sustainable development goals (SDG) project, a blueprint of 17 solutions to address global challenges such Read more…
A blockchain security researcher and whitehat hacker, known as samczsun, today published a detailed “post mortem” of an undercover operation that resulted in the rescue of 25,000 ETH, worth over $9.6 million at the time. The funds were saved from a vulnerable Ethereum smart contract. How do you rescue 10 Read more…
Most cryptocurrencies are again in the green today and have recouped some of the losses seen earlier in the week, following a sudden change in sentiment today. The total market capitalization of all cryptocurrencies slipped to a 30-day low of $325 billion yesterday but has since rebounded back up to Read more…
Dave Portnoy, the founder of sports blog Barstool Sports, revealed on a podcast yesterday the extent of his crypto holdings—and termed the sector as a “big Ponzi scheme.” The multi-millionaire enjoyed a pompous entrance in the crypto market in August—barely lasting a week before complaining the volatility was too much Read more…
In a report published today, market analysis firm Glassnode chided Uniswap for not being more transparent about elements of its token protocol and suggested it may be deviating from its promise to vest tokens set aside for the Uniswap team and investors. When Uniswap, the decentralized exchange for Ethereum-based ERC20 Read more…
The cofounder of Kava, a blockchain network focused on interoperability, wants to bring the trimmed haircuts, tucked in t-shirts, and “it just works” attitude of your local Apple Store to the world of decentralized finance. With the launch of one of its first DeFi protocols, automated money market Harvest.io, Kava Read more…
Atari is giving the video console another try this holiday with the launch of a brand new VCS, which is billed as a console and PC hybrid with classic games and new ones alike. And as announced today, it will utilize Ultra’s blockchain-based digital game delivery system. Atari VCS owners Read more…
Visa-backed crypto custody service Anchorage has added a set of leading DeFi protocols to its service. The idea is to make it easier for institutions and financial advisors to gain exposure to the emerging alternative financial ecosystem. Anchorage added support for five DeFi governance tokens, including the recently released UNI Read more…
Mask Network launched a novel trading widget powered by CoinMarketCap and Uniswap on Twitter earlier today. Now, instead of going to CMC to discover a new token and then execute the trade on Uniswap, users can hover on any “$+ticker,” such as $ETH or $UNI, and view the token price—and even Read more…
After a month-long retreat, the Link Marines are on the offensive once again. Today, the native token of oracle protocol Chainlink (LINK) jumped from $7.50 to $9.20 in a matter of hours, recovering from a steep drop earlier this month after skyrocketing by 1,000% since the start of the year. Read more…
The Office of the Comptroller of the Currency (OCC), which is part of the United States Department of the Treasury, issued fresh guidance this week that authorized national banks and federal savings associations to hold reserves for stablecoin issuers. The SEC’s FinHub division chimed in as well. And leading US-based Read more…
Israeli blockchain startup Kirobo made a splash earlier this year when it introduced a groundbreaking service allowing Bitcoin transactions to be reversed. Since then it has run a successful beta, had a soft launch of its token KIRO and now it’s introducing staking for its token. The startup is known Read more…
Blockchain infrastructure firm Blocknative launched a Blockchain Mempool Explorer yesterday, enabling users to access data more easily from the mempool. But what is the mempool? It’s the gateway to Bitcoin’s blockchain and many others. Before any transaction is written on a blockchain, the information first enters the mempool. There it Read more…
Since Bitcoin brought about the birth of the cryptocurrency industry in 2009, the famed crypto asset has gone from being used to buy takeaway pizza to becoming the sixth largest currency in the world. But Bitcoin isn’t the be-all and end-all of cryptocurrencies; during the crypto industry’s first decade, the Read more…
The European Commission will team up with the European Blockchain Partnership (EBP) to launch a new regulatory sandbox focused on cryptocurrencies and blockchain by 2022, according to an announcement published today. The future of finance is digital. We have adopted a new digital finance package to boost innovation in the Read more…