The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion mark. At the same time, an increased demand for such applications among users and developers makes it a target for bad actors,
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Bitcoin’s correlation with traditional assets has grown in the last few months, mainly due to the ongoing, unprecedented macro-economic situation. How strong are these correlations and how are they changing the way that users trade crypto in general? Veteran traders Scott Melker and Michaël van de Poppe will be discussing how to correctly read traditional
Mike Novogratz, the founder of Galaxy Digital, thinks Bitcoin and gold are likely to head higher towards the end of the year. He reiterated this position in a tweet published on August 12th. This comes as Bitcoin has stalled in the high-$11,000s. The cryptocurrency’s inability to surmount the $12,000 resistance has led some commentators to
Per an Aug. 13 announcement from the United States Department of Justice, the authorities have seized millions of dollars worth of cryptocurrency from over 300 accounts. The announcement does not specify the specific amount, but does identify the operation as the largest to target terrorist funding in cryptocurrency. A wide range of agencies including the
Robert Wiecko is getting back into playing electric guitar. Armed with his brand new Fender Stratocaster, the COO of DASH Core Group is reliving his youth as a high school student living in Poland. “It’s an amazing feeling to restart something you loved so much and forgot for some reason.” Playing guitar gives him a
According to blockchain data platform Blockchair, the average transaction fees paid by Ethereum users have reached a new record average of over $7.50. Average Ethereum transaction fee in USD chart. Source: Blockchair During a similarly congested period from June – July 2020, Ethereum co-founder Vitalik Buterin called for reform to the cryptocurrency’s fee system, suggesting
Everyone in crypto has been talking about decentralized finance (DeFi) since bankless lending started to boom in June. But, looked at another way, it’s really a governance boom. Into this environment has stepped Greenfield One, an early-stage venture capital firm that just published a comprehensive new resource on the topic of blockchain governance. Take, for
Institutions are buying huge amounts of Bitcoin (BTC) and hodling, not selling it, data shows as the network mimics early 2016. Data from various sources uploaded to social media this week show that over 40% of the Bitcoin supply has now not left its wallet in two years. Institutional BTC demand far outweighs supply At
An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported. Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018. Working with an accomplice, the 25-year-old Sydney woman proceeded to change the two-factor
“Tether is an accident waiting to happen,” Brandt tweeted on Aug. 10, in response to a separate post looking at USDT’s market cap and the total crypto industry’s market cap in line with overall digital asset volume. “Tether is just another fiat currency,” he added, putting Tether in the same class as national currencies, such
After a series of regulatory changes led the South Korean exchange UpBit to force out its foreign users from the platform, the company is setting up a new division in Thailand. According to an announcement shared with Cointelegraph, UpBit has received approval from Thailand’s Securities and Exchange Commission to operate its digital asset exchange in
Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem. “We have found a bug in the rebasing contract,” the project said in an Aug. 12 tweet. “All funds in staking contract are safe, as this is an unrelated part of the protocol,” the project
On August 11 MicroStrategy, the world’s largest publicly traded business intelligence company, announced that it had ditched fiat currency and built its primary treasury reserve with Bitcoin (BTC). The company’s CEO Michael J. Saylor believes that the coronavirus pandemic and the stimulus measures enacted to counter it will cause “a significant depreciating effect on the
Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000. Cryptocurrency daily market performance snapshot. Source: Coin360 As BTC price rallied, many major altcoins surged in tandem. Chainlink (LINK), which
New data from glassnode and Etherscan show Ethereum’s hashrate has risen to a 20-month high and this has led some optimistic traders to suggest Ether price will continue to rise to new highs in 2020. The explosive increase in Ethereum’s hashrate appears to be heavily influenced by the rapidly growing Decentralized Finance (DeFi) sector and
The dollar’s recent weakness and the decline has economists calling for the death knell. Amidst the discussion surrounding dethroning the asset, other competing currencies, and even gold are being pointed to as alternatives suitable as the next global reserve currency. However, according to one ETF manager CEO, Bitcoin has also cemented itself as a viable