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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think
22.11.2020
Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep...
Jeff Bezos-Backed African App Chipper Cash Launching Crypto Trading After Raising $30 Million
22.11.2020
An African company backed by Amazon CEO Jeff Bezos, Chipper Cash, has raised $30 million and is launching a cryptocurrency trading service due to high demand for cryptocurrencies, including bitcoin. Users of Chipper Cash will be able to buy and sell cryptocurrencies as well as U.S. stocks, such...
USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years
22.11.2020
During the last two years since the initial bear market after the 2017 bull run, stablecoins have been extremely popular. Today, statistics show that the market capitalization of all the notable stablecoins today is hovering above the $23.9 billion mark. Out of more than 30 stablecoins in 2020...
Wallex: The Rainbow in The European Grey Zone
22.11.2020
The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave....
Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding
22.11.2020
Analytics firm Coinfirm says the US Department of Justice (DOJ)’s seizure of digital assets associated with the now-defunct Silk Road left behind tokens worth millions of dollars. According to Coinfirm, there are still valuable balances held on forked addresses originating from that wallet....
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked
22.11.2020
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell...
Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
21.11.2020
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...
Market Update: Crypto Asset Prices Spike Massively, Speculators Claim ‘Altcoin Season’ Is Here
21.11.2020
A number of crypto-asset markets saw significant gains on Saturday, as a myriad of digital assets spiked between 4-40% in value during the last 24 hours. The entire crypto market capitalization had risen above $540 billion, as top-ten coin values from the likes of bitcoin cash, cardano and...
Blackrock CIO: Cryptocurrency Is Here to Stay, Bitcoin Could Replace Gold
21.11.2020
Blackrock’s Chief Investment Officer, Rick Rieder, said cryptocurrency, including bitcoin, “is here to stay.” In addition, he said bitcoin is a durable mechanism that could replace gold. Blackrock on Bitcoin and Gold Rick Rieder, Blackrock’s Chief Investment Officer (CIO)...
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader
21.11.2020
The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies...
TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad
21.11.2020
In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream...
Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million
21.11.2020
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion....
Blog Author Tipped $10,000 for Well Phrased Peer-to-Peer Cash Conviction
21.11.2020
Following the Bitcoin Cash upgrade, the BCH proponent known as Mobtwo published a post on the read.cash blogging website called “Bitcoin Cash – Simple Fundamentals.” The editorial’s author says he wholeheartedly believes that BCH will one day overtake BTC in the long run....
Grammy Nominated Hip-Hop Star Logic Dropped $6 Million Into Bitcoin Last Month
20.11.2020
During the last few months, a slew of celebrity luminaries, millionaires, and even a number of billionaires have announced taking the plunge into the crypto asset economy. On Thursday evening, the former rapper Robert Bryson Hall II, known professionally as “Logic,” revealed...
Bitcoin.com Announces Cooperation Agreement With Japanese Media CoinOtaku
20.11.2020
PRESS RELEASE. Bitcoin.com, the go-to web portal for everything bitcoin, announced it reached a cooperation agreement with Japanese media CoinOtaku. A subsidiary of Beat Holdings Limited, CoinOtaku (CoinPartner) has over 900,000 views per month in its cryptocurrency portal and thousands...
Bitcoin Derivatives See Record Highs, Year-End BTC Options Show 29% Chance Price Crosses $20K
20.11.2020
As the crypto economy sets its sights on half of a trillion in USD value, digital currency derivatives markets are swelling significantly. Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too. Additionally, bitcoin...
Airbnb IPO Prospectus Says Future Success Means Adapting to Cryptocurrencies
20.11.2020
The giant online rental marketplace based in San Francisco, Airbnb is considering supporting cryptocurrencies and blockchain technology. The news stems from the company’s initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC). Airbnb’s filing...
Yearnify Finance (YFY) Hidden Gem – Decentralized Finance Project, Pre-Sale Round 2 Is Now Live
20.11.2020
PRESS RELEASE. Yearnify Finance is considered as one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security measures. What is Yearnify Finance? Yearnify Finance is a community-centered DeFi-project...
Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4
20.11.2020
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September....