BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC
No mention was made of criminal charges against former CEO Arthur Hayes or any other executives at the firm. Go to Source Powered by WPeMatico
Month: August 2021
Exchange listings and NFT boom lift IoTeX, Rally and Axie Infinity price
Bitcoin and altcoins are cooling off but data from Cointelegraph Markets Pro shows IOTX, RLY and AXS as the top 24-hour performers. Go to Source Powered by WPeMatico
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above the entire year’s worth of defi … Read more
Infrastructure bill passes US Senate — without clarification on crypto
“This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey. Go to Source Powered by WPeMatico
Bank of Jamaica mints the first batch of national digital currency
The Bank of Jamaica plans to issue a total of $1.5 million of CBDC to institutions and authorized payment service providers as part of a pilot ending this December. Go to Source Powered by WPeMatico
ADAX Have Just Changed the Game, Offering Censorship-Resistant DeFi via ADA
In the history of every successful startup, there comes a ‘defining’ moment – a moment when the vision of its founders clashes with the impossible and, against all odds, triumphs by becoming a reality. ADAX, a decentralized exchange (DEX) within the Cardano ecosystem, has just experienced that moment. We are thrilled to demonstrate that, as … Read more
Biconomy’s Hyphen enables low-cost transfers between Ethereum and Polychain
Biconomy is planning to launch its native token, BICO, in the near future. The company also claimed that it will expand to support over 30 decentralized applications. Go to Source Powered by WPeMatico
Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’
The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of the unforeseen and unrealized damage of how the pandemic crisis was managed.” Mark Bristow: … Read more
Cardano faces $1.60 resistance after ADA price hits 2-month highs
Cardano joins the cryptocurrencies battling pivotal resistance zones after beating out bears lower down in a broad market comeback. Go to Source Powered by WPeMatico
Status plans to incentivize node operators for decentralized messaging protocol
According to the project, one of the pushes for its development was Ethereum co-founder Vitalik Buterin recently encouraging developers to consider non-financial applications for DeFi. Go to Source Powered by WPeMatico