Bitcoin ‘potentially reached’ local bottom, Bitfinex says

A crypto analyst says that we haven’t seen this altcoin season because traders keep buying memecoins too early. 

The Maker Foundation has announced a series of governance polls aimed at security after software developer Micah Zoltu explained how any hacker with $20 million at their disposal could stage an attack on the MakerDAO network and steal close to $340 million.In a Dec. 9 blog post, the Maker Foundation interim risk team announced a…

Bitcoin (BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering United States dollar.US dollar strength reemergesNotably, the U.S. Dollar Index (DXY), which tracks the greenback’s performance against a basket of top foreign currencies, has risen 4% from its Feb. 3 low of 100.82,…

The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use. 545 Total views 4 Total shares The Central Bank of Venezuela will launch a CBDC in October alongside a monetary redenomination that will cut six zeros from the currency due to raging…

Police are believed to have sent ultimatums to protestors dwelling in the Ottawa downtown, telling them to "leave now." 479 Total views 21 Total shares As reported by Canadian news outlet The Globe and Mail, the Royal Canadian Mounted Police (Canada's federal police force) sent letters to several cryptocurrency exchanges demanding that they "cease facilitating…

Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone. 535 Total views 6 Total shares Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month…

The Blockchain Association is offering to assist with crypto regulations in the Islamic state. 708 Total views 52 Total shares According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared…

According to a study released by the G-20’s Financial Stability Board on April 14, stablecoins pose a pertinent risk to the financial stability of the global economy and therefore need to be regulated in a manner that is not only meticulous but also future ready. Additionally, as per data released by the FSB, members of the…