Month: August 2020

The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several cryptocurrency companies independently announced on Wednesday that they have been greenlighted to launch in the U.S. state of Hawaii. They have been admitted to the state’s Digital Currency Innovation Lab (DCIL), a program that “allows digital Read more …

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! Ali Hamam owns a string of Mediterranean restaurants in Ontario with his brother Omar and cousin Ahmed. You can find him on the TikTok and Twitter accounts for Tahini’s Mediterranean Cuisine, posting videos of himself eating shawarma with rap songs in the background, joking with his wife and campaigning for causes like the Lebanese Food Bank. Like Read more …

Bison Trails, a Blockchain infrastructure-as-a-service provider, has created double-signing protection software, or DSP, which aims to address the slashing penalties associated with double signing messages. According to the company, many digital asset holders consider slashing penalties to be one of the “main risks” of Blockchain participation, as they make it more difficult for the network to reach consensus. Speaking with Cointelegraph, Aaron Henshaw, CTO and co-founder of Bison Trails, stated that such penalties could be dangerous for anyone participating with Read more …

There’s no denying that DeFi is the hottest trend in crypto, bar-none. This sub-set of decentralized finance-focused altcoins have been on fire as of late, beating out Bitcoin and other top crypto assets by a large margin. It has prompted one pseudonymous crypto trader to trash major altcoins like XRP, Litecoin, Bitcoin Cash, and other highlights from the last bull run. They claim the “tides have turned” too hard toward DeFi, and these other coins can all get “thrown in Read more …

In 2017, many traders and investors flocked to cryptocurrencies because they were attracted by the kind of returns not available in the less-volatile traditional markets. However, volatility inevitably comes with risks as well as opportunities.  But crypto offers many opportunities that go far beyond traditional instruments. Programmable tokens and smart contracts create the potential to automate trading and investment vehicles, making them easier to understand and more accessible to retail users of all risk appetites. The race to innovate in Read more …

Tone Vays, the well-known Bitcoin (BTC) derivatives trader, believes Bitcoin will stay above $10,000 for the rest of 2020.  At the start of the year, Vays said he was skeptical BTC would break $20,000 in 2021 but now he thinks it’s possible for the top cryptocurrency to overtake its record all-time high. If the price of Bitcoin surpasses $20,000 in the medium-term, Vays said history shows it tends to double. Based on the historical price cycles, he said the $45,000 Read more …

OKEx, the leading cryptocurrency spot and derivatives trading platform has announced the listing of two new tokens – DIA and PNK, belonging to Decentralised Information Asset and Kleros platforms, respectively. These latest listings further strengthen the trading platform’s role in promoting widespread usage of DeFi. Decentralised Information Asset (DIA) is a verified, transparent oracles platform that provides reliable data feeds while ensuring scalability. These feeds serve as inputs for DeFi applications across different verticals including lending & margin trading, derivatives, Read more …

Yearn.Finance (YFI) is a rising star within the DeFi sector, with the protocol seeing massive inflows of capital while the governance token’s price rockets higher. The growing publicity and hype surrounding this project has caused YFI’s price to surpass that of Bitcoin, seeing an over 3x return from its recent lows that were set just one week ago. The cryptocurrency’s uptrend isn’t showing any signs of wavering either, with hoards of new investors flooding in as hype begins mounting. Some Read more …

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As the dollar struggles and weakens due to the devastating blow dealt by the pandemic, there’s a battle going on between Bitcoin, gold, and silver for the ideal store of value. By comparing year-to-date performance alone, the cryptocurrency’s ROI nearly matches silver and gold’s combined returns. What does this mean for the crypto market moving forward? Will these assets soon stand toe-to-toe, respected alongside precious metals as potential safe-haven assets? Hard Money: The Dollar’s 2020 Demise Prompts Precious Metal and Read more …

Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare to see another token price higher than the price of bitcoin (BTC) but during the last five days, the Yearn Finance token (YFI) jumped well above the BTC price Read more …

Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare to see another token price higher than the price of bitcoin (BTC) but during the last five days, the Yearn Finance token (YFI) jumped well above the BTC price Read more …