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Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI
12.10.2020
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to...
Group raising funds to sue Andre Cronje over EMN hack
11.10.2020
Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack
Price analysis 10/9: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, LTC, BSV
9.10.2020
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend
Non-committal CBDC Report Highlights BIS, Central Banks’ Indecision
9.10.2020
The Bank for International Settlements (BIS) and a group of leading-economy central banks has issued a report outlining what they believe the key principles of a central bank digital currency (CBDC) should be – but yet again went to great pains to sit on the fence when it comes to the matter...
Ripple Launches New Credit Service For Cross-Border Payments
9.10.2020
Source: Adobe/Тихон Купревич
California-based liquidity provider Ripple has introduced a new beta service, Line of Credit, designed to enable customers to benefit from its On-Demand Liquidity (ODL) service to source capital on-demand, and initiate cross-border payments with the use of the...
Beijing Announces ‘Legal Digital Currencies Pilot’ Plan
9.10.2020
Beijing is set to build a “legal digital currency pilot area” as part of its new Beijing Pilot Free Trade Zone initiative – although the project’s masterminds have stopped short of providing details as to what sort of tokens will be given the green light.
Per the Beijing News, via news agency...
Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?
8.10.2020
Bitcoin price rallied close to $11,000 after Square announced a $50 million BTC purchase
Bitcoin and Altcoins Vulnerable To More Downsides
8.10.2020
Bitcoin price started a fresh decline from the USD 10,800 resistance. BTC settled below USD 10,650 and it is currently (08:30 UTC) struggling to stay above the USD 10,550 support. If BTC slides below USD 10,550 and USD 10,500, there could be a sharp decline.
Similarly, most major altcoins...
Dogecoin Rhymes the NEGATIVE Movement Just Like Any Other Altcoin
7.10.2020
Dogecoin, at the time of writing this analysis was seen trading at $0.002600 and just like any other altcoin including the largest cryptocurrency of the market—Bitcoin, Dogecoin appears to be no exception. Compared to the YTD high marked above $0.005500, DOGE/USD appears bearish at the time...
How Investors in Ripple Lawsuit Tripped Themselves
7.10.2020
Brad Garlinghouse. Ripple, a California-based blockchain startup focusing on the banking sector, and its CEO Brad Garlinghouse, seem to have won a battle in court, though the investors can still proceed with one cause of action. However, the judge suggested that the plaintiff contradicted himself...
South Korean Central Bank to Launch CBDC Pilot in 2021
7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks.
Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...
US Regulator To Clarify Whether Banks Can Hold Monero & Other Privacy Coins
7.10.2020
The US Office of the Comptroller of the Currency (OCC) is about to take another step in helping local banks to deal with the Cryptoworld. Brian Brooks, Acting Head of the OCC, confirmed that they hope to clarify whether cryptocurrencies, in particular privacy tokens, such as monero (XMR), zcash...
SBI Takes Over TaoTao Exchange That Just Ditched Binance
7.10.2020
SBI’s chief executive Yoshitaka Kitao. One of Japan’s biggest financial companies, the SBI Group, has made a major move in the domestic market, snapping up a controlling stake in the TaoTao crypto exchange from Yahoo Japan.
The size of the deal was not disclosed, but TaoTao (previously known...
Digital Yuan Testers Spent USD 52 On Average Per Transaction
7.10.2020
This year, during a series of digital yuan pilot programs in China, testers reportedly spent CNY 351 (USD 52) on average per transaction, bringing the total value of pilot transactions to CNY 1.1bn (USD 162m).
According to Fan Yifei, Deputy Governor at the People‘s Bank of China (PBoC), 3.13m...
SBI Teams up With Swiss Cryptobank for USD 66m Unlisted Stocks Fund
7.10.2020
Japanese financial giant and Ripple partner SBI is set to launch an unlisted securities fund with a Swiss crypto bank named Syngnum – and will look to target both European and Asian investors.
Per a report from Nikkei, as well as press releases from both SBI and Sygnum, the firms hope to raise...
$9,100 Bitcoin price possible if volume and price action stay sideways
6.10.2020
Receding volume and sideways price action signal that Bitcoin price volatility will increase soon
New Crypto Ban, New Index, Litecoin's MimbleWimble Testnet + More News
6.10.2020
Source: Adobe/ I-Wei Huang
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
In the UK, the Financial Conduct Authority (FCA) banned the sale of derivatives and exchange-traded...
Metamask Amasses 1M Active Monthly Users & Enters Altcoin Swaping Market
6.10.2020
Source: a screenshot, Instagram/metamask.io
Major Ethereum (ETH) wallet and Web 3.0 browser MetaMask has announced a new token swap feature as the wallet just surpassed the 1 million monthly active users milestone.
The ConsenSys-owned wallet/browser has revealed their MetaMask Swaps, a feature...
This Is How John McAfee Made USD 23m For Shilling ICOs (According to SEC)
6.10.2020
Source: Twitter, @officialmcafee, @money_alotta
The US Securities and Exchange Commission (SEC) said that the controversial cybersecurity entrepreneur and former Bitcoin (BTC) bull, John McAfee, was promoting initial coin offerings without disclosing that he was paid to do so.
Yesterday, the...
SKE48 Splash: Japan’s First J-pop NFTs Sell Out ‘Instantly’
6.10.2020
The first batch of non-fungible token (NFT) digital trading cards for the chart-topping Japanese pop group SKE48 has sold out “instantly,” reported the company that issued them.
The group is one of Japanese pop (J-pop)’s biggest commercial successes and has sold millions of records since it...