Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held
A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 … read more.
Venezuela’s Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption Index
Venezuelans have become increasingly interested in cryptocurrency as their country faces dire economic crisis and hyperinflation, a new study by blockchain data analytics firm Chainalysis shows. The firm’s Global Crypto Adoption Index ranks Venezuela third as “The country has reached … read more.
Revolut Adds Bitcoin Cash and Litecoin Support for US Customers
Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and … read more.
Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell
On August 18, 2020, the Bitcoin ABC development team announced a “feature freeze,” which will include a new Infrastructure Funding Plan (IFP) and a week later explained it was also initiating a “governance council.” Despite the recent announcements, Bitcoin ABC … read more.
Microstrategy’s $250 Million Bitcoin Buy Consequential
When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s … read more.
Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from … read more.
$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases
The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the … read more.
Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between … read more.
Indian Prime Minister Modi’s Twitter Account Hacked, Bitcoin Donations Requested
The verified Twitter account for Indian Prime Minister Narendra Modi’s personal website and mobile app has been hacked, Twitter has reportedly confirmed. Tweets asking for bitcoin donations for the Prime Minister’s National Relief Fund for Covid-19 were posted on the … read more.
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes … read more.
Long-Term Fundamentals Signal Robust Crypto Bull Market Fueled by Reckless Money Printing, Defi
A robust cryptocurrency bull market is in the making, a Weiss Crypto Ratings analyst explained. Citing central banks’ “reckless money printing policies” and “the explosion in Defi innovation,” he sees long-term fundamentals favoring cryptocurrencies despite some short-term selloffs. Robust Bull … read more.
Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year
Bitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s crypto valley is home to many cryptocurrency businesses, and by accepting bitcoin and ether for tax payments, the canton aims … read more.
Privacy Options Underutilized in Cryptocurrency Usage: Report
Advances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community and its cypherpunk ancestors. According to Coin Metrics, transactions of privacy-focused cryptocurrencies zcash (ZEC), monero (XMR), and grin only add up to 6% of … read more.
US Federal Court Rules NSA Mass Surveillance Illegal, Credits Edward Snowden
A federal appeals court has ruled that the U.S. National Security Agency (NSA) mass surveillance program that collected data on billions of Americans’ telephone calls was illegal and possibly unconstitutional. The program was exposed by former NSA contractor Edward Snowden. … read more.
Market Update: Blood in the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi Doldrums
The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are … read more.
Criminals Target Privacy Coins: How To Avoid Downloading Fake Wallet Apps
Reports in the past few weeks detail that bad actors are targeting two privacy coin projects, Monero and Zcash, adding to concerns about the growing rate of security incidents involving blockchain networks. Such incidents, as well the repeated 51% attacks … read more.
Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts
Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. … read more.
Robert Rorschach: 20 Reasons Not to Vote
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 … read more.
Crypto-Friendly Banking Platform Cashaa Expanding in India, US, Africa
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 … read more.
Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks
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 days after the sushi token, which forked from the Uniswap protocol, … read more.
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
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 … read more.
Opium Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether’s Solvency
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 … read more.
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
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 … read more.
Cryptocurrencies Now Accepted for 15,000 Restaurants in France on Just Eat
Food orders from over 15,000 restaurants in France can now be paid with bitcoin and a number of other cryptocurrencies through a major online food ordering website, Just Eat. Just Eat Accepts Cryptocurrencies for Restaurants in France Online food ordering … read more.