Category Archive: Cryptocurrency, No picture
Karura Raises $100M, Kusama Soars Ahead of Parachain Auction
Key Takeaways Karura Network has raised 200,000 KSM tokens worth over $100 million in a crowd loan. The funds will be used to bid in the Kusama’s upcoming parachain auction. Ahead of the parachain auctions, the price of KSM has risen sharply. This news was brought to you by ANKR, our preferred DeFi Partner. Karura, […]
Curve Finance V2 Aims to Compete with DeFi’s AMMs
Key Takeaways Curve Finance has launched its V2 update. It now allows users to swap between uncorrelated assets. To maximize capital efficiency, the DEX will automatically concentrate liquidity around the current price to offer better prices and low slippage. With a first pool dedicated to ETH, BTC, and USDT, the project could be a challenger […]
Senator Elizabeth Warren Slams Bitcoin’s Energy Usage
Key Takeaways Senator Elizabeth Warren slammed Bitcoin’s energy consumption during a Senate Banking Committee hearing on the potential development of a CBDC. Crypto’s loudest critics often point out the environmental impact of Proof-of-Work, while more efficient Proof-of-Stake currencies have emerged in recent years. Despite the recent focus on Bitcoin’s energy usage, El Salvador and other […]
UNICEF Is Investing in Several Blockchain Startups
Key Takeaways UNICEF has announced funding for seven blockchain startups. Those startups cater toward “unbanked” communities—that is, areas with little access to traditional financial services. The startups will collectively receive over $500,000, paid out in fiat currency and Ethereum (ETH). UNICEF, the charity arm of the United Nations, has announced that it is funding seven […]
Victory Capital Shares Plans to Enter Crypto Market
Key Takeaways Victory Capital has announced its plans to launch a new private fund that tracks the performance of the Nasdaq Crypto Index (NCI). The firm currently manages more than $157 billion in assets under management. Victory Capital is only the latest institutional player to jump into the crypto space in last few months. Multi-billion […]
Interactive Brokers to Offer Crypto Trading
Key Takeaways Interactive Brokers has announced that it will offer crypto trading to its customers by the end of the summer. The popular e-broker has a reputation for having some of finance’s most knowledgeable traders as clients. The firm will look to challenge Coinbase and Robinhood, which are currently the focal points of custodial crypto […]
Baidu, Weibo Censoring Crypto Exchanges
Baidu and Weibo are showing zero results for Huobi, Binance, OKEx, and Binance. Weibo and Baidu Block Exchanges Searching for Huobi, OKEx, Binance, and Bitfinex in both English and Chinese languages currently returns no results on Weibo and Baidu. Baidu is the most used search engine in China. The move against four of crypto’s biggest […]
China Orders Bitcoin Mining Shutdown in Xinjiang
Key Takeaways The local government of Changji has ordered the closure of Bitcoin mining in the Xinjiang economic belt. Xinjiang is the second most popular Bitcoin mining destination using thermal or coal-based energy. The country is now relying on the decision of Sichuan leaders for the sustenance of the industry. Mine Crypto Changji’s autonomous government […]
Solana Closes $314 Million Funding Round
Key Takeaways Solana has raised over $314 million through a private sale of its native token SOL. Andreessen Horowitz, Polychain Capital, Alameda Research and several other investors participated in the sale. The newly raised funds will be used to support the Solana ecosystem and develop decentralized applications. This Exchange News was brought to you by […]
DeFi Derivatives “Are a Bad Idea”: CFTC Commissioner
Key Takeaways Speaking at Asset Management Derivatives Forum 2021, CFTC Commissioner Berkovitz expressed his concerns about DeFi. According to Berkovitz, DeFi-based derivatives may be violate regulations set by the Commodity Exchange Act (CEA). He added DeFi is “shadow banking” that needs to be regulated. This news was brought to you by ANKR, our preferred DeFi […]
