Category Archive: Cryptocurrency, No picture
U.S. Treasury’s Janet Yellen Will Discuss Stablecoins
Key Takeaways Janet Yellen will meet with the Working Group on Financial Markets to discuss stablecoin regulations in the U.S. next week. Yellen has historically been critical of cryptocurrency; however, she has also acknowledged its potential to improve finance. It appears that the upcoming discussion will concern commercial stablecoins, not government-backed CBDCs. This news was […]
China’s Digital Yuan Will Utilize Smart Contracts
Key Takeaways The People’s Bank of China (PBOC) stated in a new whitepaper that it is using smart contracts for its digital Yuan or e-CNY. Smart contracts supported by e-CNY will act as self-executing payments executed on “predefined conditions.” The whitepaper also discussed software wallets, hardware wallets, and matters related to transaction privacy. The People’s […]
Bank of America Reportedly Approves Bitcoin Futures Trading
This news was brought to you by Phemex, our preferred Derivatives Partner. According to two anonymous sources, the Bank of America, the second-largest bank in the U.S, has started approving Bitcoin futures trading for some clients. The Bank of America Launches Bitcoin Futures Competition is increasing in Bitcoin futures trading. The Bank of America has […]
Pontem to Use Polkadot to Connect Diem and DeFi
Key Takeaways Pontem partners with Polkadot node provider to finalize experimental test network for Facebook’s Diem blockchain. The partnership with PinkNode means the Pontem team can deploy nodes on Kusama, Polkadot’s canary network. Pontem aims to help Diem introduce new features by testing them in the Polkadot ecosystem. This news was brought to you by […]
Axie Infinity, Decentraland Tumble After Sharp Rise
Key Takeaways Axie Infinity and Decentraland’s native tokens have both fallen in the last 24 hours following a dramatic rise. The two NFT-based games are emerging as leading projects in the Ethereum metaverse. Despite the overnight downturn, Axie Infinity is still crypto’s biggest gainer of the week. It’s also generating more revenue than every DeFi […]
Binance Halts Stock Trading Amid Regulatory Scrutiny
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Binance will no longer offer stock trading. The decision comes as Hong Kong’s Securities and Futures Commission joins a growing list of regulators to issue a warning about the exchange’s registration status. Binance Winds Down Stock Trading Binance is removing its tokenized […]
Coinbase CEO Tells Dogecoin Creator Bitcoin Made “Many People Wealthy”
Key Takeaways Dogecoin co-founder Jackson Palmer called cryptocurrencies “inherently right-wing” in a lengthy tirade this week. Coinbase CEO Brian Armstrong responded, highlighting how crypto has created wealth and equality of opportunity. The comments from Palmer and Armstrong form part of a larger debate on the ideology of cryptocurrencies. Coinbase CEO Brian Armstrong has responded to […]
Dorsey Plans DeFi on Bitcoin, Critics Point to Ethereum
Key Takeaways Jack Dorsey has announced that Square will set up a company to build an open platform for decentralized finance services, focusing on Bitcoin. Many have pointed out that Dorsey’s idea bears some similarities to the leading smart contract blockchain, Ethereum. Dorsey is known for his ardent interest in Bitcoin, but he’s not as […]
$5M in Ethereum Lost in THORChain Exploit
Key Takeaways THORChain has suffered an exploit on Chaosnet, resulting in losses of roughly $5 million for ETH liquidity providers. The THORChain team said that an attacker tricked the network’s Bifröst protocol to send ETH to their own address. The liquidity providers will be reimbursed from the project’s treasury. This news was brought to you […]
PayPal Increases Crypto Payment Limits to $100,000
PayPal has raised its cryptocurrency spending limits, allowing users to spend more cryptocurrency than they could before. Weekly Limit Is Now $100,000 Under PayPal’s new limits, U.S. customers can spend up to $100,000 of crypto per week with no annual purchase limit. “We are pleased to announce that we have recently raised the purchase limits […]
