European Central Bank President Christine Lagarde reiterated the Eurozone central bank’s stance that the development of a digital euro is meant to complement, not replace, cash — mitigating fears that Europe’s monetary union is not pushing for a cashless society. The further solidifying of this stance from Lagarde came via yesterday’s online meeting of the...Read More
A UK national has pled guilty and will be sent to prison for his involvement in the notorious hacker’s group “The Dark Overlord.” The organization breached and stole sensitive information from numerous companies and demanded the ransoms to be paid in Bitcoin. The Dark Overlord Member Imprisoned The US Department of Justice announced yesterday that...Read More
In a recent report on stablecoins, the European Central Bank (ECB) questioned the accuracy of their name arguing that it may be misleading to users. The paper also highlighted that stablecoins could have a significant role in a digital economy if adequately regulated. The Name Stablecoins May Not Be A Proper Fit: ECB Whether they...Read More
The first-ever Bitcoin ETF will be launched on the Bermuda Stock Exchange (BSX) by Hashdex, a regulated Brazilian fund manager, and Nasdaq after garnering approval for the “Hashdex Nasdaq Crypto Index” four days ago. The news continues Bermuda’s legacy of being a crypto-friendly offshore international business and financial center. Three million Class E shares will...Read More
The DeFi space continues to amaze with stunning developments happening on a daily basis. Announced on August 18th through a Medium Post, Meme protocol is quickly catching speed with its native token hitting almost $2,000 a couple of hours back. The interesting thing is that it has a very limited supply of 28,000 tokens and...Read More
The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry. Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by...Read More
The cryptocurrency market cap lost about $18 billion of value since yesterday. Bitcoin plummeted by nearly $700 to $10,300 at one point, while the altcoins have it worse with some vigorous double-digit drops. Bitcoin Falls Hard Just a few days ago, Bitcoin attempted to overcome the psychological $11,000 level on two occasions. However, the asset...Read More
Craig Wright’s tactics for delaying the Kleiman estate litigation process may be coming to an end. The United States District Court for the Southern District of Florida has denied “on all grounds” the motion introduced by Craig S. Wright to dismiss the long-standing Kleiman vs. Wright lawsuit. Wright’s motion was denied “on all grounds” When...Read More
According to new reports today, the Commission has further explained that the move was part of its effort to protect investors, and it is well equipped to provide the required regulations. Last week, the Securities and Exchange Commission, Nigeria (SEC Nigeria), published a proposed set of regulations for the cryptocurrency and blockchain space, given the...Read More
A recent study compiled by a cryptocurrency insurance company revealed that over 25% of surveyed institutional investors, who collectively manage nearly $80 billion of assets, are planning to increase their digital asset holdings. Institutional Investors To Accumulate More Crypto Although the interest from institutional interest has been rising lately, exemplified by the large digital asset...Read More
The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market. Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push...Read More
China needs the advantage of the first issuer of digital currency and the first nation to come up with its digital asset, PBOC’s China Finance magazine article states. A New “Battlefield Of Competition” On The Rise According to an article published in China Finance, a magazine run by the People’s Bank of China (PBOC), cited...Read More
The latest news coming out of Iran points to growing support for Bitcoin and cryptocurrency miners in the country. Miners will now have access to the electricity output from three power plants to mint digital assets, courtesy of Iran’s Thermal Power Plant Holding Company (TPPH). Tender For Bitcoin, Crypto Miners To Leverage Output of 3...Read More
Andre Cronje is undoubtedly one of the best-known names in the cryptocurrency field lately, especially when it comes to decentralized finance (DeFi). On July 17th, 2020, Cronje announced the release of various products under yearn.finance, as well as the governance token for the protocol called YFI. It didn’t take long for users to realize the...Read More
The majority of recent DeFi food flavored tokens have been backed by very little, and consequently end up as just pump and dump schemes. Today’s DeFi flavor is pineapple and the protocol is doing something a little different by enabling farmers to mine non-fungible tokens (NFTs) for crypto collectibles. Non‑fungible tokens are a special type...Read More
Although BTC dipped to $10,750 yesterday, the asset is back near the psychological $11,000 level. Most alts are trading in the red as the entire market cap has lost over $8 billion from yesterday’s peak. BTC Bounced Off $10,750 After two consecutive rejections at above $11,000, Bitcoin headed for a correction yesterday. The primary cryptocurrency...Read More
Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform. It broke Bitcoin’s record of the all-time high in terms of USD prices. The YFI token attained highs of over $38,000 in August and even peaked above $43,000 in mid-September 2020. Do you know what’s the...Read More
Popular TV host Max Keiser recently highlighted that Bitcoin’s continuously growing hash rate is significantly more important for humanity than its price. He believes that the expanding energy demand for sustaining the network would ultimately result in the demise of altcoins and fiat currencies. Rising Energy Consumption For BTC Is A Good Thing: Keiser Following...Read More
The decentralized crypto exchange protocol C.R.E.A.M. Finance announced its decision to conduct a significant token burn today, September 20th, after a strong internal discussion. The official account of the protocol explained that following consideration of several possible reductions in supply, the alternative of burning 67% of all the $CREAM tokens was chosen as the best....Read More
Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000. Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500. Bitcoin Paints A New 2-Week High As reported by CryptoPotato yesterday, Bitcoin displayed issues when trying...Read More
When it comes to the question of mainstream or enterprise adoption of blockchain technology and Bitcoin, much of the discussion tends to focus on barriers such as scalability. However, a valid concern for any organization considering the use of blockchain in transaction processing is that of finality. You could think of a Bitcoin transaction like...Read More
In the crypto industry’s formative years, Bitcoin faucets allowed interested parties to passively earn BTC to get some skin in the game. Although Bitcoin was virtually worthless at the time, developer Gavin Andresen’s idea to distribute coins as widely as possible was both novel and prescient. Fast forward ten years, and cryptocurrency is easy to...Read More
A bitcoin wallet containing a little over 69,000 BTC is doing the rounds in hacking communities all over the internet. The reason? It’s obvious. Everyone (read seasoned hackers and self-professed bitcoin wallet crackers) wants to break it open and take it all. Or at least, a slice of the almost $750 million pie. For the...Read More
The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on. Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price...Read More
A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency. Generating $6,897 Worth Of Ethereum and Monero As per a recent news report, between January...Read More
Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7. Bitcoin Stopped At $11K After yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The...Read More
This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed...Read More
MicroStrategy’s CEO Michael Saylor continues to dig deeper into Bitcoin after his company purchased $425 million worth of the cryptocurrency. In a recent podcast episode with long-time BTC proponent Anthony ‘Pomp’ Pompliano, Saylor claimed he’s ready to HODL Bitcoin for a century and said it’s 1,000 times better than gold. Saylor On His Change Of...Read More
Cryptocurrency fake giveaway scams continue to emerge frequently, and the latest example involves the popular DEX protocol Uniswap. Just a day following the UNI token release, scammers began promoting fake UNI giveaways by impersonating Uniswap’s creator – Hayden Adams. Fake UNI Giveaways On YouTube As CryptoPotato reported yesterday, the popular decentralized token swap platform launched...Read More
Bithumb’s situation worsens as South Korean authorities have reportedly summoned company Chairman Lee Junh-hoon for alleged fraud regarding the sale of BXA tokens. This comes days after local police raided the exchange for the third time in less than a month. Three Police Raids For Bithumb In September September turns out to be a rather...Read More
