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Y Curve Interest Rates Reach 2,000%, Assets Under Management Grows Tenfold After Token Launch
21.7.2020
Depositors to the Y Curve decentralized finance (defi) pool received as much as 2,000% in interest this Saturday and about 600% (annualized) for the entire day. Before this increase, liquidity providers had been earning an aggregate rate of 10.58%. The latest interest rate growth follows Yearn...
Russia Shelves Plans to Criminalize Bitcoin Transactions – For Now
21.7.2020
Russia has dropped plans to criminalize bitcoin transactions – for now, according to local media reports. The Digital Financial Assets Bill (DFA), due to be read for the second time in the Russian parliament – or State Duma – on July 21, has removed references to administrative...
Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
18.7.2020
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. Garg Proposes Indian...
India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban
17.7.2020
For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders
AI-Blockchain Platform Creates Digital Assets From Personal Data
17.7.2020
KNEO is a new platform for connected edge AI devices through blockchain technology, creating secure private networks which harvest data as digital assets
Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises
16.7.2020
The overall market capitalization of all 5,700+ cryptocurrencies in existence lost around $10 billion during the overnight trading sessions. Most crypto assets have lost 2-5% in value during the last 12 hours, and a number of speculators blame the recent Twitter hack. The price of bitcoin (BTC)...
Microsoft Partners with Waves to Tokenize Industrial Assets
16.7.2020
The five year agreement will see Microsoft and Waves collaborate on a possible asset tokenization platform for company equipment
Bithumb Exchange Owns More Assets Than its Customers
16.7.2020
Leading South Korean exchange Bithumb’s own holdings are higher than the sum total of its customer holdings, per a due diligence report.
According to Sports Seoul, the report was part of a recent audit completed by Seoul-based auditor Jungin Accounting. The auditor found that the sum total of both...
European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States
16.7.2020
British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets...
Fidelity Digital Assets to Hold Bitcoin Private Keys for Kingdom Trust Clients
16.7.2020
The enterprise-grade bitcoin custody and crypto management service, Fidelity Digital Assets has revealed a recent partnership with the firm Kingdom Trust. The new alliance provides individual retirees with the ability to safeguard their bitcoin private keys alongside self-directed IRAs. The crypto...
New Grayscale Report: Digital Assets Fund Adds $905M in Record Quarter
15.7.2020
Grayscale Investments Q2 report shows a record $905 million inflow as institutions continue to move into Bitcoin, Ethereum and other digital assets
South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
15.7.2020
South Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment....
Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights
14.7.2020
Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters...
VMware Joins Samsung, Salesforce as Investor in Digital Asset’s Series C Funding Round
14.7.2020
Enterprise blockchain maker Digital Asset announced that VMware has joined its Series C funding round, though it didn't say how much it raised
Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts
14.7.2020
Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors
Compound ‘5x Overvalued’ as COMP Farming Accounts for 88% of Its Assets
13.7.2020
Researchers claim that the Compound token is at least five-fold overvalued as over 88% of its $1 billion book is lent to liquidity miners
SEC and CFTC Fine Crypto Investment App for Offering Synthetic Assets
13.7.2020
U.S. regulators team up to fine and halt a crypto portfolio app offering synthetic exposure to traditional assets, which was not offered to U.S. investors
Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
10.7.2020
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after...
Nonfungible Tokens and the Future of Commerce
9.7.2020
The unlimited potential of blockchain technology is unleashed when used in conjunction with nonfungible tokens
London Stock Exchange Parent Assigns Financial ‘Bar Codes’ to 169 Cryptos
9.7.2020
The addition of bitcoin and its ilk to LSEG's database, in response to customer demand, is a sign that institutions are slowly embracing the asset class