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RUNE Recovers 11% After Crash and Thorchain USD 8M Hack
23.7.2021
Following another hack suffered by blockchain protocol Thorchain, and the sharp drop in RUNE's price, the coin is now recovering.
The price of the native token crashed 23% in a couple of hours between July 22 and 23 (UTC). It has gone back up 11% since then. At 7:45, it's trading at around USD...
Bitcoin, Ethereum and Altcoins Eye Additional Gains
22.7.2021
Bitcoin price remained well bid above the USD 31,200 pivot level. BTC even settled above USD 32,000 and it is showing bullish signs. It is currently (13:39 UTC) gaining pace and it could climb above USD 32,500.
Similarly, most major altcoins are rising too. ETH is gaining pace, but a close above...
XLM Rallies as Stellar Is Said To Be Mulling MoneyGram Acquisition
22.7.2021
Amidst the most recent news of potential acquisition involving US money-transfer giant Moneygram and the Stellar Development Foundation, stellar (XLM) rallied.
At 08:52 UTC, XLM, ranked 17th by market capitalization, trades at USD 0.253 and is up by 17% in a day, 5% in a week, and 163% in a year....
Fan Tokens Booming at Japanese Pro Football Clubs
22.7.2021
Source: Adobe/Nomad_Soul
Football preliminaries are underway at the Tokyo Olympics, but sports-minded crypto enthusiasts are looking past the on-field action and toward the way clubs are financed – and what kind of role club tokens could play.
Japanese clubs at all levels – from pro clubs in...
Bitcoin Climbs Above USD 31K, Ethereum And Altcoins Grind Higher
21.7.2021
Bitcoin price started a steady recovery wave above the USD 30,000 resistance. BTC even surpassed the USD 31,000 resistance and is currently (12:15 UTC) showing positive signs. The next key barrier is near USD 32,000, above which the price might accelerate higher.
Similarly, most major altcoins...
China Hits out at Senators Who Asked for an Olympic Block on Digital Yuan
21.7.2021
Beijing has lashed out at three Republican senators who have asked the United States Olympic & Paralympic Committee to block American athletes from using the digital yuan, the central bank digital currency (CBDC) that China is hoping to dazzle the world with at the 2022 Beijing Winter Olympics...
Ripple Asks Court to Throw out SEC Case Following Commissioners’ Letter
21.7.2021
The XRP-affiliated Ripple is looking to capitalize on a recent statement from members of the US Securities and Exchange Commission (SEC) calling for more transparency in cryptoasset classification – and now hopes to have its protracted war with the regulator dismissed.
As reported last week, two...
MakerDAO Decentralizes, New Crypto Investments + More News
20.7.2021
Source: Adobe/Сергей Шиманович
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Decentralization news
MakerDAO (MKR) is now completely decentralized, Rune Christensen, CEO of the Maker...
After Three Years, Circle Reveals USDC Reserves
20.7.2021
It took nearly three years for US-based crypto company Circle, the issuer of major stablecoin USD Coin (USDC), that is preparing to go public, to finally reveal how this token is backed.
In their latest attestation report, prepared by auditors at Grant Thornton, the company said that, on May...
Dogecoin Fan Sues Coinbase For 'Tricking' Him Into Providing Liquidity
20.7.2021
A Dogecoin (DOGE) fan sued the leading US crypto exchange Coinbase for allegedly “misleading” sweepstake ad campaign. The class action complaint seeks USD 5m in damages on the behalf of the plaintiff and other allegedly deceived Coinbase users.
David Suski, Coinbase user behind the complaint...
USDC Operator Happy After Yellen Calls Stablecoins ‘National Security’ Concern
20.7.2021
Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse
At least one major stablecoin operator has welcomed the news that the American government is set to direct regulators to “act quickly” on fiat-pegged tokens.
In an official statement, the American Treasury Secretary Janet Yellen stated...
BlockFi Runs into ‘Security’-related Regulatory Problems in New Jersey
20.7.2021
Source: Adobe/Александр Бердюгин
Regulators appear set to continue ramping up their scrutiny of the crypto industry – with BlockFi, the major American crypto lending business, served with a cease and desist order by the Attorney General (AG) of New Jersey.
The AG is reportedly set to accuse BlockFi...
Why Three Tech Behemoths Are Vying to Test Korea’s CBDC
20.7.2021
South Korean tech giants have lodged three bids to become the first private firms ever to pilot the Bank of Korea (BOK)’s central bank digital currency (CBDC) prototype.
As previously reported, the BOK will pick a winner from three consortiums and solo bids submitted earlier this month...
Crypto Listing and Delisting Announcements: Week 29
19.7.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Dogecoin Wannabes Flood The Market With Pumps & Dumps
19.7.2021
Inspired by the dogecoin (DOGE) rally this year, dozens of meme coin opportunists tried to onboard this dog-themed altcoin bandwagon. And now, despite a few exceptions, most of these altdoges are standing with tucked tails while the value of these copies keeps going down.
Ever since the world’s...
Crypto Exchange Korbit Charged for ‘Excessive Customer Data Collection’
17.7.2021
The South Korean crypto exchange Korbit has been hit with a fine over “collecting excessive personal data” from at least one of its customers.
According to the news agency Yonhap, the exchange was fined just over USD 4,000 by a government watchdog for ordering a customer who had attempted...
Facebook to Ramp up Payments Ahead of Diem Launch
16.7.2021
The social media heavyweight Facebook is forging ahead with more Facebook Pay innovations ahead of the launch of its stablecoin project Diem (formerly Libra).
Per The Verge, the new Facebook Pay solution is to be expanded beyond the Facebook ecosystem, which includes platforms like WhatsApp,...
China Releases e-CNY Whitepaper, Says Cryptos Have No Value & Pose Risks
16.7.2021
The central People’s Bank of China (PBoC) released a digital yuan, e-CNY, whitepaper, in order to "explain the background, objectives, and visions" and to "seek public comments."
"E-CNY is the digital version of fiat currency issued by PBoC and operated by authorized...
Ripple to Grill Ex-SEC Official Who Said Bitcoin, ETH Weren’t Securities
16.7.2021
Ripple may have won an important battle in its protracted legal struggle with the American regulatory Securities and Exchange Commission (SEC) – after it was granted permission to question a former agency official about its crypto policy deliberations.
Per Bloomberg, the SEC had attempted to block...
SEC Coinschedule Settlement Opens up Old Crypto Securities Wounds
15.7.2021
America’s top financial regulator, the Securities and Exchange Commission (SEC) has announced that it has settled charges against the British firm Blotics, the company behind the Coinschedule initial coin offerings (ICOs) profiling site. But some key voices within the SEC are not happy with what...