September was an eventful month for the crypto-market, to say the least, with the month seeing a major crypto-exchange hack among a host of other developments. However, despite the quarter ending as it did, Bitcoin did witness its second-best Q3 close in history. $150M drained from KuCoin: BTC downRead More →
The much-anticipated digital Euro is in the news again as a member of the Executive Board of the European Central Bank, Fabio Panetta, announced in a blog today that Europe “must prepare to introduce a digital euro to complement its cash payments.” Acceptance of a digital euro by theRead More →
Venezuela’s National Securities Regulator has approved a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country, which aims to operate globally in the face of international sanctions. Cointelegraph Espanol reports that news of the approval of Venezuela’s decentralized stock exchange was published in the country’s official gazette,Read More →
Following a $50 million capital raise and reverse merger, digital finance company Diginex’s stock has listed on the Nasdaq exchange under the ticker EQOS. Diginex is “the first Nasdaq-listed company that covers the full virtual currency ecosystem,” Diginex CEO Richard Byworth told Cointelegraph in an interview. “I think thisRead More →
Reuters. By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors filed criminal charges on Thursday accusing four founders and executives of BitMEX, one of the world’s largest cryptocurrency derivatives exchanges, of evading rules designed to stop money laundering. The Justice Department charged Arthur Hayes, Samuel Reed and Benjamin Delo,Read More →
Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC. Although the use of Dai was mainly limited to theRead More →
Bitcoin Options are holding steady, despite Friday’s expiries that amounted to over $1B. As predicted a week ago, the expiry event was a smokescreen. In fact, the outcome was the opposite of the anticipated crash on the CME, with Open Interest and Volumes remaining consistent. According to data fromRead More →
Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges. Speaking to Cointelegraph, KuCoin Global CEO Johnny Lyu said at least $129 million ofRead More →
Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch. Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in the protocol’s unaudited code rendered governance impossible after only twoRead More →
A candidate for the Wisconsin Legislature has challenged state regulators by accepting contributions from cryptocurrencies like Bitcoin (BTC). Phil Anderson, a real estate broker and entrepreneur, is now accepting cryptocurrency donations for his legislative campaign. According to Anderson’s official statement, cryptocurrency donations can be made through BitPay, a majorRead More →
© Reuters. FILE PHOTO: A small toy figure is seen on representations of the virtual currency on a displayed European Union flag and the Facebook Libra logo in this illustration picture By Huw Jones LONDON (Reuters) – The European Union will introduce new rules within four years to makeRead More →
The legal representatives of tech company Nvidia have argued that its investors are not entitled to access its internal records regarding the “crypto craze” of 2017 and 2018. In a September 17 court hearing in Chancery, Delaware, lawyers for Nvidia argued that the plaintiffs have failed to show aRead More →
Nasdaq-listed MicroStrategy (MSTR) is continuing to buy hundreds of millions of dollars worth of Bitcoin (BTC ), causing its company’s stock to rise more than 9% on Sept. 16. The purchase of bitcoin has returned MSTR stock to pre-Covidien levels. On Aug. 11, MicroStrategy first announced that the companyRead More →
Brian Armstrong, CEO of US cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in cryptography and crowding out DeFi to protect itself from competition. In a Sept. 11 Twitter post, Armstrong doubled down on his previous claim that Apple continues to block some features for cryptocurrency developers. TheRead More →
The U.S. Internal Revenue Service (IRS) has offered a bounty of up to $625,000 to anyone who can crack allegedly untraceable privacy currencies such as Monero (XMR) and track transactions on the Bitcoin (BTC) lightning network. The official proposal released last week says the IRS will accept submissions inRead More →
MasterCard on Wednesday announced the release of a proprietary tool for central banks that want to test their Central Bank Digital Currency, or CBDC. A report by the Bank for International Settlements noted that more than 70 percent of central banks are considering the idea of issuing digital currencyRead More →
Demand for DeFi appears to be growing in China, although the recent sell-off quickly wiped out the $2 billion total value locked up in the decentralized finance (DeFi) space. Daily searches for “DeFi” on WeChat, China’s popular social media platform, soared to an all-time high of nearly 900,000 onRead More →
On Sept. 3, the Bitcoin (BTC) price, the S&P 500 and gold all fell at the same time. The sentiment around the market remains cautiously negative after the drop. Two factors may have triggered Bitcoin’s sudden drop of more than 8% on the day. First, miners sold an unusuallyRead More →
Binance Coin rose above the resistance level and looked likely to retest the same level to confirm a resistance-flipped-to-support zone. Ethereum Classic lost a support level and looked likely to be headed further downward. VeChain had recently shown signs of bullishness, and a reversal of its downtrend since reachingRead More →
With the defi and the yield farming frenzy spreading like wildfire, it feels like the start of a bull run. A number of parallels can be drawn between the upcoming rally and the 2017 bull run. But are we ready for the next bull run? As addressed in theRead More →
Aave has become the top DeFi protocol, with $1.5 billion locked up in its smart contracts. It has also become the first DeFi project to reach a market cap of $1 billion and has been granted an electronic money institution licence by the UK’s Financial Conduct Authority. Aave recentlyRead More →
On August 28, 2020, contracts worth $80 million expire, accompanied by a 3.29% change in Ethereum’s price on the spot exchange. Typically, major expiration events like these affect the price of Ethereum as they bring about changes in liquidity, open interest and put/call ratios. However, non recently, the relationshipRead More →
As another month draws to a close, it is important to note that the end of the month is generally associated with the expiration of bitcoin derivative products. The futures and options market has noted great interest from traders, with nearly 66,400 BTC options set to set to expireRead More →
Signs of increased volatility are emerging as the closing time of the monthly Bitcoin (BTC) candle approaches. With the much-anticipated Chicago Mercantile Exchange futures contract and Deribit options expiration just four days away, the near-term direction of BTC remains uncertain. The three reasons for the expected spike in volatilityRead More →
The continued rise in the price of bitcoin is lucrative for traders on cash and derivatives exchanges, however, there are several factors that could affect the trajectory of the currency. This article will delve into the danger signs to watch out for. Looking at the Bitcoin has a 24-hourRead More →
