BiT Global claims Coinbase delisted WBTC for ‘competitive advantage’

Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions. This effect became more noticeable as the funding rate for perpetual contracts reached the second-highest level this year at 12.4% per month.Funding alone shouldn’t be considered…

Microsoft’s cloud platform Azure has introduced a proof-of-authority (PoA) algorithm on its Ethereum (ETH) blockchain product, according to a blog post Aug. 7. The new Ethereum network algorithm will reportedly allow a “more efficient” way of building decentralized applications (DApps) for private or consortium networks, where “all consensus participants are known and reputable.” In contrast…

All member states of the Financial Action Task Force (FATF) should adopt its recommendation to control the exchange of cryptocurrency, their storage and more, Russian daily news outlet Izvestia quoted a government regulator as saying Monday, Oct. 29.The Paris-based FATF is an intergovernmental organization established in 1989 with the aim of developing standards to fight…

Germany’s justice and finance ministries have proposed to launch a state-run register to boost the use of blockchain, Reuters reports on Friday, March 8.According to the Reuters, the seven-page initial guidelines offer to create a register to regulate the sector and protect investors from possible abuses. The document reportedly states that regulation in the sphere…

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw several new developments despite a bearish phase brought on by the lending crisis in the crypto market. Another crypto lender, Celsius,…

Bitcoin flirted with $70,200 on June 3, but traders fear excessive leverage might be a double-edged sword.

This interview has been edited and condensed.I don’t normally write the stories here at Cointelegraph — I edit them. But when I got an email from a publicist asking if I was interested in speaking with Ben Mezrich, author of “Bitcoin Billionaires,” and oh, did I want the Winklevoss twins to jump in on the…