August 2020 | Page 7 of 171 | Last Cryptocurrency News Feed

DeFi Is a ‘Complete Scam,’ Says Controversial Entrepreneur Craig Wright

Aug 31, 2020 at 09:10 UTCCraig Wright (Rob Mitchell)DeFi Is a ‘Complete Scam,’ Says Controversial Entrepreneur Craig WrightnChain chief scientist Craig Wright has delivered an obscenity-laden interview discussing decentralized finance (DeFi) and stablecoins, calling such projects a “complete scam” and “illegal.” Taking part in the virtual conference Reimagine 2020 published Saturday, the controversial figure told…

Cointelegraph Feed

Wyoming’s ‘Crypto Cowboy’ unsaddled in primaries by alt-right candidate

The house Majority Whip fell as right wing factions sought to remove moderate Republicans from the party, but blockchain legislation is safe, says Tyler Lindholm. 366 Total views 3 Total shares Wyoming State Representative and long-time crypto champion Tyler Lindholm has been unseated in the Republican state primaries by a candidate representing the far-right of…

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DeFi explosion: Uniswap surpasses Coinbase Pro in daily volume

Uniswap, the most widely-used decentralized exchange (DEX) on Ethereum, surpassed Coinbase in daily volume on Aug 30. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges.The volume of Uniswap in the last 24 hours. Source: UniswapAccording to the data from Uniswap, the platform processed $426…

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USD has ‘more room to fall’ — 5 things to watch in Bitcoin this week

Bitcoin (BTC) is heading for a bullish start to another week’s trading after shrugging off lower levels to hit $11,700.Cointelegraph takes a look at five things that could shape price performance in the coming days after BTC/USD saw little impact from both the Fed and futures settlements last week.Stocks put in higher highsIn a classic…

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Uniswap Trading Volume Eclipses Coinbase as Sushi Frenzy Heats Up

As yield farmers scramble to deposit their crypto collateral in the latest and greatest thing in DeFi, volumes on the Uniswap DEX have surged to record levels. The milestone was noted by Ethereum developer and Uniswap creator, Hayden Adams. 🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄…

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The KickEX Exchange Will Buy Back KICK Tokens On September 1

[PRESS RELEASE – Please read the disclaimer below] Just a few days until the start! On September 1, 2020 at 12:00 (UTC), the KickEX cryptocurrency exchange will buyback KICK tokens (KickToken) worth a total of $100,000 at a price equal to or less than $0.00015 per token. The buyback will be carried out only on…

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Ethereum Spikes To 2 Weeks High As Bitcoin Broke $11,600

Bitcoin continues to increase in price slowly and is currently hovering at $11,650. Larger-cap altcoins are in the green as well, as Ethereum’s 4.5% increase has taken ETH to $420. Altcoins On The Move The top ten cryptocurrencies have been recovering since last week’s dumps, and most of them have marked gains in the past…

CoinDesk Feed

Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo

Aug 31, 2020 at 07:31 UTCUpdated Aug 31, 2020 at 07:32 UTCJar of pennies (John Brueske/Shutterstock)The Internal Revenue Service (IRS) has provided guidance relating to crypto revenue earned from microtasks via crowdsourcing platforms, and yes, such income is taxable, it says. In a memorandum last Friday, first reported by The Block, the IRS's Office of…

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Binance advertising BTC at London bus stops in advance of UK launch

‘Money is evolving,’ Binance’s new ads across London state, showing four generations of coins ending with Bitcoin. 799 Total views 17 Total shares The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin.According to an Aug. 28 tweet from Binance.UK, the crypto exchange has placed new ads at 17 bus…

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Japanese crypto traders ditching XRP and MONA for Bitcoin

Most Japanese crypto traders may be leaving altcoins behind entirely. 1806 Total views 18 Total shares The vast majority of Japanese crypto traders who started getting into the market in the last year may be investing solely in Bitcoin.According to data published on Aug. 19 from the Japan Virtual and Crypto Assets Exchange Association (JVCEA),…