Traditional finance has much to learn from new entrant DeFi
DeFi protocols offer insights into the future of capital markets infrastructure, for those willing to pay attention. Go to Source Powered by WPeMatico
DIGIT
The Fear Factor: A Volatility Index for Crypto Arrives
As Coti ramps up efforts to bring a decentralized fear index to crypto, it has enlisted the help of Professor Dan Galai, one of the pioneering brains behind the Cboe Market Volatility Index (VIX), to help the organization develop a crypto-oriented version. VIX Co-Creator to Join Coti-Backed Volatility Project Since exchanges for cryptocurrencies first arose, … Read more
Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset
The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.” The CBL’s warning follows an … Read more
Altcoins pop while Bitcoin looks for support near $50,000
Bitcoin bulls struggle to push BTC price above $50,000 while ADA, MATIC and other large-cap altcoins realize double-digit gains. Go to Source Powered by WPeMatico
Bank of Korea to Monitor Crypto Transactions Using Financial Records
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related … Read more
Ciphertrace Report Shows Crypto Crime Moving to Defi
Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” … Read more
Low Energy Proof-of-Work: Bitcoin Improvement Proposal Wants to Change Network’s Algorithm
The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx has recently submitted a Bitcoin Improvement Proposal (BIP) that aims … Read more
Kusama (KSM) price hits new highs as parachain auctions begin to take shape
KSM rallied to a new all-time high as investors rushed into new positions in order to participate in the hype surrounding the upcoming parachain auctions. Go to Source Powered by WPeMatico
Crypto industry brass explains harnessing renewable energy could help BTC miners
Bitcoin mining via renewable energy is already prominent, one CEO explains. Go to Source Powered by WPeMatico
Bitcoin Mining Operation Greenidge Generation Plans to Be Carbon Neutral Next Month
On Friday, the bitcoin mining operation Greenidge Generation has announced that starting June 1st, the firm will be “carbon neutral” for the rest of 2021 and beyond. Greenidge’s announcement follows the recent statements from Tesla and Square after the companies cited environmental concerns over bitcoin mining. New York-based Bitcoin Miner Aims to Be Carbon Neutral … Read more
