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Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives
8.9.2020
The latest report by Cryptocompare shows August spot cryptocurrency traded volumes by the 15 largest top-tier exchanges increased by 58.3% to $529 billion versus July figures. Low tier exchanges volumes, on the other hand, increased by 30.2% to end the month of August with a total of $291 billion....
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
8.9.2020
According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin...
UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash
7.9.2020
London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies....
Whale Watch: 68 New Whales Join ETH Network, BTC Holds Lowest Concentration of Whales
7.9.2020
Onchain data shows that during the market carnage this past weekend the number of ethereum whales increased significantly, while ETH prices dropped by 30%. Analytics from the data firm Santiment shows 68 new whales joined the network during the last three days. During the last three days...
Top-tier Crypto Exchanges Increased Their Market Share + More News
7.9.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
In August, trading volumes on top-tier (or lower risk) crypto exchanges increased by 58% to USD 529bn, according to CryptoCompare,...
Declining ETH Gas Cost Still Higher Than BTC Fees: Supporters Insists ETH 2.0 to End High Fee Woe
7.9.2020
Ethereum network gas fees that averaged $15.13 on September 2 have been declining in the past four days ending the day at $3.43, according to Token View charts. At that cost, ethereum fees are still ahead of those on the Bitcoin network that averaged $2.75 on September 6. The highest average daily...
Bitcoin Mining Difficulty Drops While BTC Slips Below USD 10K Again
7.9.2020
Source: Adobe/Татьяна Палладина
Following a month of rising Bitcoin (BTC) mining difficulty, the first adjustment in September saw the difficulty drop - though it still remains at the second-highest level in the network's history.
Bitcoin mining difficulty, or the measure of how hard it is...
‘Bitcoin Should Be Traded Like Stock,’ Says Begin India Think Tank Founder
7.9.2020
The founder of Begin India Think Tank says that bitcoin should be regulated as stock, which he believes is the legal status the cryptocurrency should get in India. He also believes that Bitcoin may be the most secure technology in our lifetimes. How Bitcoin Should Be Regulated in India Begin India...
'Exclusive Mining' Can Be Used for Money Laundering & Tax Evasion - Report
7.9.2020
Source: Adobe/Galina_lya
Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering.
"The authors observe that blockchain...
DeFi Project Xfinance(XFI) ILO Presale Sceduled for Sept 10th
7.9.2020
DeFi project – Xfinance announced they will cooperate with LID Protocol and launch XFI ILO presale on the LID presale Dapp, launch date sceduled for September 10th. LID Protocol solves the issue of Uniswap exit scamming by using standardized non-custodial presale smart contracts that lock...
Opium Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether’s Solvency
7.9.2020
Cryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is the “first CDS (credit default swap) on a centralized...
US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case
7.9.2020
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
6.9.2020
After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX. On Saturday, September 5, the decentralized finance (defi) community got upset...
Bitcoin Dominance Slides Losing 10% in the Last 100 Days
6.9.2020
Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today. Despite the defi market shakeout, ethereum still captures 10% of the aggregate market capitalization of $330 billion. There’s been a number of changes in the top ten line up of coins, as bitcoin...
Crypto Market Loses Almost USD 80bn This Week As Bitcoin Briefly Dips Below USD 10k
6.9.2020
The sell-off in the crypto market has continued this weekend with bitcoin (BTC) briefly dipping below USD 10,000 on Saturday.
Since Wednesday, the total market capitalization dropped by almost 20%, to USD 318bn today.
At pixel time (06:48 UTC), BTC trades at USD 10,113, somewhat recovering from...
‘Bitcoin Beats Gold on Every Single Measure,’ Says Macro Strategist Raoul Pal
6.9.2020
Global Macro Investor CEO Raoul Pal has explained why he believes bitcoin is better than gold in every way. He proclaims that bitcoin is “the hardest form of money” and “the best reserve asset and best collateral asset ever seen.” Bitcoin Is ‘the World’s Best...
How to Leverage Uniswap – Ethereum’s Noncustodial Defi Trading Platform
6.9.2020
In 2020 decentralized exchanges (dex) have grown quite mature compared to just a few years ago. One specific dex gathering a lot of steam this year in the defi world is Uniswap, a trading platform that held $1.3 billion locked in value and dominated most defi applications by over 18% Friday...
Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks
5.9.2020
The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours. A Twitter user Spensernoon...
Crypto-Friendly Banking Platform Cashaa Expanding in India, US, Africa
5.9.2020
Crypto banking platform Cashaa has unveiled plans to expand its services in India, the U.S., Africa, and the Caribbean. In India, the company aims to create “the first crypto-friendly banking platform” that is regulated by the central bank, the Reserve Bank of India (RBI)...
Robert Rorschach: 20 Reasons Not to Vote
5.9.2020
If one votes, one participates. If one participates, one condones and endorses the process, and subsequently, what those elected ‘representatives’ do and say in your name. Reason 2. Electoral promises are meaningless because politicians are able to lie to gain the favor of...