Avara founder backs proposal to offboard Polygon markets from Aave
The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon’s proof-of-stake bridge.
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BTC price nears $26K amid warning Bitcoin sell pressure can ‘double’
Bitcoin (BTC) stayed near two-month lows at the Aug. 18 Wall Street open as markets came to terms with extreme liquidations."Drying liquidity" costs BTC price key supportData from Cointelegraph Markets Pro and TradingView showed BTC price action tracking sideways after a single daily candle spawned 8% losses.The largest cryptocurrency saw a cascade of liquidations across…

Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
A number of cryptocurrency platforms reporting billions of dollars in daily trades on CoinMarketCap appear to have been misleading their customers about holding certain crypto licenses, an investigation by Cointelegraph has found.Bitspay, a crypto exchange that reports a $1.4 billion daily trading volume on CoinMarketCap, claimed it held a license in Estonia, and is regulated

New York Judge Says Telegram Can’t Distribute Grams Outside U.S. Either
A New York judge has ruled that the injunction barring Telegram from issuing its Gram tokens extends to all entities in the United State and overseas.On April 1, U.S. District Judge P. Kevin Castel, responded to the encrypted messaging firm’s request for clarification as to the scope of the court’s March 24 preliminary injunction. He…

Canada’s Digital Dollar Should Focus on Inclusion and Accessibility, Say Experts
Experts from the Bank of Canada have released their thoughts on how a digital dollar should be available to all Canadians. 2491 Total views 42 Total shares A digital Canadian dollar should imitate traditional banknotes in terms of availability and accessibility, according to staff from the country's central bank, the Bank of Canada.In an analytical…

Europol: Crypto-Ransomware Remains Most Prominent Cyber Attack
The European Union Agency for Law Enforcement Cooperation (Europol) released its 2019 Internet Organized Crime Threat Assessment (IOCTA) report.Crypto exchanges continue to be a magnet for hackersOn Oct. 9, Europol presented its IOCTA report of the cybercrime threat landscape. According to the EU-focused law-enforcement organization, cybercrime must be approached in a holistic sense, saying:“Countering cybercrime…

South Korea to Triple the Budget for Blockchain Projects Compared to 2018
The South Korean government has agreed to invest $35 million in next year’s budget to develop blockchain technology and industry related to distributed ledger technology (DLT), South Korea's largest economic information service company Korea Economic Daily reported Nov. 8.South Korea’s government has held a meeting on industry related to DLT and blockchain technology with the…

Ghibli memecoins surge as internet flooded with Studio Ghibli-style AI images
Ghibli-inspired memecoins have surged after OpenAI’s latest image generation update has seen social media flooded with the popular Studio Ghibli anime art style. Solana Ghibli-inspired memecoins are surging in popularity as ChatGPT users have flooded social media with Studio Ghibli-inspired images over the past 24 hours. On March 25, OpenAI launched image generation for its

Alibaba’s Jack Ma: Blockchain Will Be “Meaningless” Unless It Helps Build Greener Future
Jack Ma, the founder of Chinese e-commerce giant Alibaba, has said that blockchain and other advanced technologies still need to prove they can help evolve society in a “greener and more inclusive” direction. His remarks came as part of a keynote delivered at the World Artificial Intelligence Conference in China September 17, as local outlet…