Bitcoin News Roundup for May 7, 2020

The U.K. High Court has ordered crypto exchange GPay to be “wound up in the public interest.” In a statement Tuesday, the U.K. government said 108 clients had lost a total of just under £1.5 million ($1.9 million) using GPay.Although clients could deposit without completing know-your-customer (KYC) processes, GPay requested various identification documents to prevent…

Lyra’s new offering allows liquid restaking token holders to automate and package any yield-bearing strategy into an ERC-20 token, which can be used elsewhere.Initially, users will be allowed to tokenize basis trade, followed by a covered call strategy later.Decentralized options platform Lyra Finance now allows holders of liquid restaking tokens (LRT) to generate an additional

Bitcoin’s Price Correlation With S&P 500 Hits Record HighsEver since its inception, bitcoin has been dubbed “digital gold,” given it is durable, fungible, divisible and scarce like the precious metal.  However, while gold has a strong track record of rallying in times of stress in the global equity markets, bitcoin is yet to build a…

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds, according to a statement.A parallel criminal complaint against Ichioka has also been filed by the U.S. Attorney's Office for the Northern District…

The biggest cryptocurrency exchange in the U.S. just set up its core principles for its institutional financial products.

A group of lawmakers asked U.S. President Joe Biden and Treasury Secretary Janet Yellen to quantify to what extent terror group Hamas might be using cryptocurrency to raise funds, hours before members of the House Financial Services Committee were set to hold a hearing on the issue.The Tuesday letter cites recent Wall Street Journal reporting

Mar 31, 2020 at 18:00 UTCUpdated Mar 31, 2020 at 18:22 UTCAnother blockchain project is heading to the Polkadot Network.Launched in 2017, Internet-of-Things (IoT) platform Nodle announced it is switching from the Stellar blockchain to Parity Technologies’ Substrate network, according to a blog post shared in advance with CoinDesk. Substrate lets teams customize their own…

Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps. Kraken co-founder and CEO Jesse Powell.(Courtesy of the company)Feb 1, 2021 at 11:30 a.m. UTCKraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink NodeKraken, the fourth largest cryptocurrency exchange by trading volume, is…