Is the Bitcoin Vs Ethereum a healthy rivalry?
With the Bitcoin Vs Ethereum rivalry that has taken over the crypto market in recent days, traders are mulling over what it spells for the crypto market. If the Bitcoin Vs Ethereum rivalry debate came up some previous years ago, everyone would agree that Ethereum could not stand a chance where Bitcoin is concerned. Ethereum […]
Pompliano urges pension system to hold some of their funds in Bitcoin
Founder of Morgan Creek, Anthony Pomoliano has said that the pension system should pay at least 1.5% of funds in Bitcoins. Bitcoin has enjoyed the same good time as the S&P 500 in the financial market after the March crisis, which resulted in a crash that affected both markets. Things started to move apart as […]
Ex Ripple CEO receives 14.5 M out of 39.5 M moved by Ripple
A bot that tracks the huge movement of funds between XRP wallets has announced a new transaction in which part of the funds was sent to ex-Ripple CEO, Chris Larsen. The XRPL Monitor took to Twitter to give the details of the transaction that took place. The transaction was said to be worth around 39.5 […]
Should the rise of CBDC be a concern?
Experts and analysts have warned of the rise of CBDC(Central Bank Digital Currency) which might rob most people of their privacy. Even though there have been mixed reactions following the rise of CBDCs, the fact remains that most countries are adopting it. Developed and developing countries have made plans to develop their own CBDC, which […]
Ethereum utility gives the coin value, Plan B analyst claims
An expert analyst, Plan B, has taken to Twitter to list Ethereum utility and why it can possess value for its utility and not scarcity. While giving Ethereum utility, Plan B gave major reasons why Ethereum can be compared to Bitcoin using its value. He is widely known for the way he sees Bitcoin as […]
Has DeFi stolen the thunder from protocol tokens like Tezos?
The massive rise of the Decentralized Finance (DeFi) sector has contributed to the relegation of protocol tokens like Tezos. Protocol tokens were the hot cake of the digital assets market as it promised investors massive returns due to its rewards every month. As a result of that, Tezos stole the headlines as it was one […]
Blockchain adoption in Columbia grows as Ministry lists beneficiaries
The Ministry of Information Technology and Communications has urged the government to begin blockchain adoption in Columbia. In its statement, the Ministry asked the government and high office holders in the country to look at the positive aspect of blockchain and deploy the technology across all sectors of the country. In a guide that was […]
Bitcoin Global debuts peer-to-peer bitcoin trading with zero fees
Bitcoin Global has announced that it has launched a peer-to-peer Bitcoin trading platform that charges zero fees for transactions. Announcing the initiative, Bitcoin Global affirmed that all the transactions that were carried out on the peer-to-peer Bitcoin trading platform in August were done with no charge. This initiative is coming after experts made it clear […]
UK’s Financial Conduct Authority approves Gemini crypto exchange
United Kingdom’s Financial Authority has announced that it has given approval to Gemini crypto exchange. While breaking the news, the UK regulator stated that the firm already underwent and passed an assessment test. With this move, Gemini crypto exchange has become the first-ever American based crypto firm to be approved. Coincidentally, the firm is the […]
Japanese court orders seizure of stolen NEM from Coincheck
In a new development, Japanese court has ordered its first digital asset seizure as it has ordered the seizure of stolen NEM from Coincheck. Making the report, the Japanese times said that the Tokyo district court told regulators to seize all the stolen NEM from Coincheck. It should be noted that about two years ago, […]
Tether launches faster, cheaper USDT transactions on OMG Network
Tether has announced that it has made it’s much awaited debut on the Ethereum-powered OMG network layer. In the announcement, the stablecoin said it would make use of the new OMG network’s features and qualities to facilitate faster payments. It should be recalled that the new OMG network was formerly known as OmiseGo and was […]
Is crypto a realistic part of America’s financial future?
Acting Comptroller of Currency, Brian Brooks, in an interview lauded digital assets as the integral part of America’s financial future. Brian Brooks has been an ardent supporter of digital assets even before his appointment, and he has given reasons why he is pushing towards crypto-related payments. Going further in the interview, Brooks mentions the difficulties […]
Is Ripple competing with established payment solutions?
In its August review, The International Monetary Fund has lauded Ripple’s payment solutions which has raised the question about Ripple competing with established payment solutions. In the full review, the international outfit said it focused closely on firms using technological initiatives to enhance payment solutions. Given that, it has noted one key player that has […]
Spaghetti Money records over $200 million 12 hours after launch
A new Yield farming DeFi project, Spaghetti Money gains over $200 million in investments hours after launch. With the DeFi buzz not planning to leave anything soon, another project has ridden the wave as it has amassed nothing less than $200 million hours after it launched. The project in question, Spaghetti Money, offers investors pools […]
Are high ETH fees making DeFi a game for whales?
The recent high ETH fees associated with the DeFi boom has been a subject of controversial discussions in previous weeks. According to data analysis, the DeFi sector presently holds funds worth nothing less than $6.21 billion in various stablecoins. Currently, Maker (MKR) is leading five other markets as they have a value of around $5 […]
Are regulatory consequences on DeFi impossible?
A California lawyer has said that there may not be regulatory consequences on DeFi despite the huge funds locked away. The Decentralized Finance sector boasts of nothing less than a total volume of $6 billion according to reports from DeFi Pulse. But despite the enormous amount of money locked away in the sector, a particular […]
Yearn.Finance price surges past 9,000 USD
Yearn.Finance price has set a new all time record after it made a surge above $9,000 as DeFi buzz continues. Yearn.Finance looks like it was built for the spotlights after its listing on the renowned crypto website, Binance saw it gather up a 40% correction. The token is yet again in the news after just […]
Police crack down on illegal Bitcoin ATM in Hong Kong
Hong Kong security operatives have arrested three men for illegal Bitcoin ATM activities. According to the statement released by the media outlet, South China Morning Post, the criminals carried out the crime on six different ATMs. After the illegal Bitcoin ATM activities were done, the men got away with nothing less than $30,000 in a […]
Campaigner raises funds for viral BCH marketing
Hayden Otto, the CEO of bitcoinbch.com has started a new fundraiser that will raise BCH to support viral BCH marketing. According to the CEO, he said the viral BCH marketing fundraising would only last for about 15 days and would be done via leveraging on the Flipstarter platform. The CEO has been reported to be […]
Belarusian President pushes for bitcoin mining
Belarus might dive into the world of Bitcoin mining at the end of the year owing to its expected abundance in electricity. The President of Belarus, Alexander Lukashenko, has been an ardent supporter of Bitcoin and affirms that the country might go into Bitcoin mining in the coming months. As a result of its expected […]
China’s Digital Yuan testing pushes into Beijing and Hong Kong
China has announced ongoing plans to initiate digital Yuan testing in Hong Kong and Beijing. Even though this year didn’t go the way most people planned, China has not wavered in its plans to launch a Central Bank Digital Currency. The development of the Digital Currency Electronic Payment (DCEP) has been ongoing for a while […]
MIT and Boston Fed launch research on CBDC creation
The Federal Reserve and Massachusetts Institute of Technology are about to begin research on CBDC creation. Despite massive moves from countries around the world regarding creating a Central Bank Digital Currency (CBDC), the United States of America has remained unmoved in that aspect. The White House has been silent over the possibility of looking into […]
Boon.Tech to pay $600K penalty over unregistered ICO
Boon.Tech has been charged by the United States Securities and Exchange Commission (SEC) for conducting an unregistered initial coin offering (ICO) and defrauding investors. The agency publicized legal action against the project claiming that the project’s Boon Coins were securities while the firm failed to register them as such. The firm is now required to […]
JP Morgan plans to move its Quorum blockchain to ConsenSys
JP Morgan has announced that it has plans to move from its present Quorum blockchain to consensys as talks to invest are ongoing. According to the company, the talks are beaming all positive signs as the firm would look to invest $20 million into Consensus. In the statement released by JP Morgan, it noted that […]
Ethereum crosses the $400 ceiling despite mounting ETH fees
Despite the mounting ETH fees, Ethereum has been able to surpass the $400 price mark. With the DeFi sector making waves all around the crypto industry, Ethereum has been able to record positives on all fronts. As it stands now, Ethereum is the biggest winner in the DeFi buzz story as demand for the second […]
DeFi Token YAM fails after making $400 million in 90 minutes
DeFi token YAM has collapsed just hours after it recorded a massive boom because of a bug that locks tokens in treasury permanently. When the DeFi token YAM made the headlines days ago, it rode on the back of the DeFi frenzy as it was able to lock down about $400 million in a day. […]
MyEtherWallet integrates Defi protocols Aave and Ren
Cryptocurrency wallet service MyEtherWallet (MEW) has integrated support for popular decentralized finance (DeFi) protocols Aave (LEND) and Ren (REN). Aave is a DeFi lending platform that enables users to lend and borrow a wide range of cryptocurrencies using stable or variable interest rates. On the other hand, the Ren protocol enables permissionless transfers across blockchains […]
Huobi has handled almost one trillion in unilateral trading volumes
Huobi said it has recorded almost $1 trillion in unilateral trading volumes on its platform. Giving its full statement on its website, Huobi announced that nothing less than $877.8 billion worth of unilateral trading volumes had been recorded in the past few months. In the first quarter, we recorded our trade volume as $444.2 billion […]
Rising ETH fees touch $1,200 stimulus check region
A new report claims that the rising ETH fees have equaled the amount paid to US citizens as stimulus check. As a result of the buying effects of the coronavirus pandemic, the U.S government gave its citizens stimulus checks to cover their daily expenses for the time being. A new report has claimed that the […]
Yam protocol secures $400M investment within 24 hours of launch
Ethereum’s Yam protocol attracted more than $400 million from investors with the first 24 hours of its launch. Yam is an experimental and unaudited decentralized finance (DeFi) protocol based on the Ethereum blockchain. However, the project being unaudited did not stop investors from pouring money into the project. Reportedly, one investor sent $11 million worth […]
DEX Aggregator 1inch raises $2.8 million in latest funding round
Popular DEX aggregator 1inch has raised $2.8 million in a recent funding round led by the venture arm of crypto exchange Binance. The news comes after the platform achieved a significant milestone of surpassing $1billion in total volume. 1inch is a decentralized exchange (DEX) aggregator platform that splits single transactions across multiple DEXs to allow users […]
Crypto derivatives market set to explode – Delta Exchange CEO
CEO of Delta crypto exchange, Pankaj Balani has said that the crypto derivatives market is about to be the next big thing. The recent weeks have seen a massive increase in the buzz surrounding the crypto derivatives market even though they have somewhat stagnated like the spot market. The volatility that rocked the price of […]
Russian Intelligence claim they can partially de-anonymize crypto transactions
A branch of the Russian intelligence has said that they have found a way de-anonymize crypto transactions. In their report, the agents claimed that they think they have recently found a way to know the identity behind the transactors of crypto assets partially. According to the group, transactions of top major coins, especially Bitcoin, can […]
Band token sees 300 percent growth in one week
The Band token has set an all-time high record of 300% growth. It made a massive price surge to post a new price of $17 with its 24-hour trading volume reported to be around $167 million. In recent weeks Band made a series of announcements of partnerships and affiliation, and it is no surprise that […]
Binance launches coin margin contracts priced in Bitcoin
Binance has announced the launching of a Bitcoin-priced coin margin contracts. In their official statement, the largest cryptocurrency exchange in the world in terms of trading volume said that the clients on their platform would be able to carry out coin margin contracts on the platform, and it would be priced in Bitcoin. Furthermore, the […]
LINE debuts LINK token in Japanese crypto market
LINE Corporation has announced that it will make its entrance into the Japanese crypto market with the LINK token. Coming along with the news of its entrance into the Japanese crypto market, LINE will be the first crypto outfit to launch the LINK(LN) token sale. Line Corporation is a Tokyo-based subsidiary of the South Korean […]
DeFi adoption booms as Uniswap processes over 100,000 transactions per day
Uniswap’s recent announcement that it processes about 100,000 transactions daily confirms that DeFi adoption has grown considerably. As far back as 2018, the platforms couldn’t tie down major projects as digital assets traders preferred centralized platforms over them due to their cost and time efficiency. Looking into the decentralized platforms’ activities in the past months, […]
US-China tension: fragility of US economy responsible for surge in BTC price?
Analysts have speculated that the US-China tension is crucial in the rise of Bitcoin’s price. With the tension between the US-China tension not looking to abate soon, the United States (US) economy is gradually succumbing to its effects. With the known fact that the trade war stands to give Bitcoin an edge, experts have also […]
Binance USD approved for listing by New York banks
The Financial Department of Financial Services (NYDFS) in New York City has announced that it has granted a license to banks in the New York to list Binance USD. NYDFS told banks that they can now start using the stablecoins without approval. In his statement, the firm noted that even though the banks have been […]
Will Curve Finance trigger a DeFi frenzy?
In a Twitter post, DTC Capital CEO Spencer Noon said he is keeping tabs on CRV (Curve Finance) as the coin can launch the DeFi sector back into the media. This news on the Defi sector counters the speculation that the buzz is already dying down after previously making the headlines due to its projects. […]
