On September 7th, Binance.US announced the launch of an Ethereum Staking service, offering its users an initial annual percentage yield (APY) of 6%. According to the Binance.US blog post, this new feature will allow users to start staking ETH using a minimum of 0.001 ETH (approximately $1.62). An amount much more accessible than the 32...Read More
Blockchain Australia – an industry body representing Aussie businesses and individuals participating in the crypto industry – announced the appointment of Laura Mercurio as its next Chief Executive Officer. She has a rich experience in the financial field, working previously for BlackRock, Deutsche Bank, and Citigroup. Recently, numerous other individuals who were part of monetary...Read More
Singapore-based cryptocurrency exchange Bybit said it is taking necessary steps to ensure that it understands the requirements of the Securities and Exchange Commission of Brazil (CVM) with respect to its services. The Brazilian watchdogs had banned Bybit from brokering securities. The CVM released a declaratory act earlier this week that ordered the suspension of the...Read More
Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among other services. Poolin Suspends Withdrawals, Flash Trade Beijing-based mining pool Poolin has announced the suspension of withdrawals, flash trades, and internal transfers in its bid to...Read More
Swiss-regulated SEBA Bank on Wednesday launched Ethereum staking for institutional investors. The development comes only days before the much-anticipated Merge that will transition the second-highest valued blockchain network to Proof of Stake (PoS) from the Proof of Work (PoW) mechanism of transaction validation. Institutional Access to ETH Staking The transition is likely to take place...Read More
Former BitMEX CEO Arthur Hayes recently explained why he believes Ethereum does not qualify as money – whereas Bitcoin does. He touched on the deflationary economics surrounding the upcoming Ethereum Merge, and why there’s more to the story when designing an effective monetary instrument. Gas, or Money? In an interview with the Unchained podcast on...Read More
The term ‘Whale’ refers to a trader in financial markets with a significant amount of capital. Due to the large size of a whale trader’s position, these investors are in a position to influence markets to move in either direction when they make large buy or sell orders. In the last 10 days, the Bitcoin...Read More
Avalanche-based DeFi staking platform – Nereus Finance – suffered a flash loan arbitrage attack. Decentralized exchange (DEX) Trader Joe and DeFi platform Curve Finance are also believed to have been impacted by the event that was executed around 3:26 pm ET on September 6. Both Avalanche and Nereus are yet to release an official statement...Read More
The liquidations on a daily scale are on the rise once again after the recent market stagnation as BTC, and most altcoins turned red. Ethereum erased all of its recent gains, dipping below $1,500 briefly, while BTC saw a multi-week low. Yesterday was a predominantly positive day for the crypto market, especially for the altcoins,...Read More
The small Central American nation made history exactly a year ago when it officialized BTC as a legal tender, becoming the first-ever country to do so. Since then, another one has followed El Salvador’s example, while the Bukele-led country has seen a lot of developments on the bitcoin front, some positive and some negative. How...Read More
As the crypto market declines below $1 trillion, the price of Bitcoin (BTC) slips below $19,000. The price of the largest cryptocurrency is still fluctuating between $18,000 and $24,000, which keeps investors on edge wondering where the price will go next. After the latest sell-off, Bitcoin was unable to recapture the $20,000 mark. The likelihood...Read More
After one of its Founding Partner – Kyle Roche – made some astonishing claims in an inebriated state, two other law firms – Kirby McInerney LLP (Kirby) and Radice Law Firm, P.C. (Radice) – submitted a document this week to the court to remove the company as interim co-lead from the Tether and Bitfinex Crypto...Read More
Acala – one of the first Polkadot parachains – recently rolled out a yield-bearing liquidity pool for aUSD and a form of wrapped bitcoin, which contained a bug that was soon exploited by the hackers resulting in 1.2 billion aUSD being minted without collateral. This week, the protocol launched a report detailing the exploit along...Read More
[PRESS RELEASE – Amsterdam, Netherlands, 6th September 2022] The blockchain game Kryptomon, a living-NFT-powered Metaverse project combining Play-and-Earn gaming with nostalgic charm, announced today its official sale on Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider. This launch features one of the world’s first “Physital NFT” collections....Read More
[PRESS RELEASE – Lisbon, Portugal, 6th September 2022] TRON DAO and MasterBlox are announcing plans to create a joint acceleration and incubation program to develop the TRON ecosystem. Leveraging MasterBlox’s expertise and the foundation set by TRON, projects that qualify for the acceleration program will have access to a closer relationship to build on the...Read More
The Canadian cryptocurrency miner HIVE Blockchain announced its August production figures, saying it mined 290.4 BTC and 3,010 ETH. The company’s equivalent BTC production was 518.8 BTC with an average hashrate of 3.70 Exahash. HIVE Blockchain also acknowledged the potential of Ethereum’s upcoming “Merge,” vowing to start mining various other GPU mineable coins once this...Read More
Since Q4 2021, BitMEX users have had the option of depositing and withdrawing only one type of stablecoin: Tether. However, that changes today with the arrival of USD Coin. It’s an addition that means users can now do the following via BitMEX Mobile and Web: Buy USDC in minutes with 30+ currencies, via our fiat...Read More
Decentralized exchange (DEX) Kyber Network has revealed that the attack vector responsible for last week’s exploit was successfully identified and removed. In the latest blog post, the platform notified the community that the KyberSwap website and UI were safe and that the attack was neutralized on the same afternoon of being picked up. Kyber’s Update...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Are you a patriot? Do you pledge allegiance to the flag? Are you a pinko commie? Are you a...Read More
21.co, the parent crypto ETF issuer 21Shares, has announced raising $25 million in a funding round led by Marshall Wace. Following the latest capital infusion, the company is now valued at $2 billion. The firm also said that the post-money valuation makes it “Switzerland’s largest crypto unicorn.” The funding round, which was 21.co’s first in...Read More
