Bitfarms calls October shareholder meeting amid attempted Riot takeover
Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests.
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German Regulator Flags Crypto Broker for Operating Without License
German regulator federal financial supervisory authority (BaFin) issued a warning against Bulgarian cryptocurrency broker 5 Capital on Nov. 11.The regulator has barred 5 Capital from operating in the country since the firm illegally offered Contracts for Difference (CFDs) designed to expose clients to the price movements of cryptocurrencies.Operating without licenseThe regulator found that the company…
Supersize McShib: Shiba Inu the largest ERC-20 holding among ETH whales
According to data from WhaleStats, the 1,000 largest ETH wallets hold $2.35 billion worth of SHIB combined, representing around 9% of the total market cap. 411 Total views 16 Total shares New data suggests that Shiba Inu (SHIB) is the largest ERC-20 token holding amongst the top 1,000 Ethereum (ETH) whales.According to data compiled by…
Litigation and Steady Price Decline — Can XRP Sustain Such Attrition?
Ripple has long occupied a controversial position in the cryptocurrency industry. The ascension of Ripple’s in-house token, XRP, to the position of the second-largest cryptocurrency by market cap was enough validation for some that the company was set to play a major role in the industry for many years to come. However, since those halcyon…
How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?
On Oct. 6, the United States Department of Justice, or DOJ, announced the creation of a specialized unit, the National Cryptocurrency Enforcement Team, or NCET, tasked with prosecuting criminal misuses of digital assets and crypto infrastructure, as well as tracing and recovering the ill-gotten cryptocurrency.The move continues the U.S. authorities’ push to disrupt the corners…
Fidenza: Tyler Hobbs wrote software that generates art worth millions
Computer scientist turned generative artist Tyler Hobbs writes code artistically, which then creates visual art that has sold for millions.Along with 998 siblings, Fidenza #313 was minted for 0.17 ETH on June 11th, after which it was immediately sold for 0.58 ETH. Just over 10 weeks later, the NFT nicknamed “Tulip” sold for 1,000 ETH…
How should investors value DeFi projects? A new paper might have some answers
A recent paper from a team of DeFi researchers proposes a new conceptual framework for liquidity mining. 1700 Total views 11 Total shares A new paper released on Thursday from a team of crypto researchers hopes to add to a body of work that will eventually identify “the Black-Scholes of decentralized finance (DeFi)” — an…
Researcher: Google Quantum Breakthrough Could Improve Proof-of-Stake
The application of Google’s quantum computing technology could purportedly help improve the technology which underpins proof-of-stake (PoS) cryptocurrencies.Quantum computing would create truly random numbersPoS is a type of consensus algorithm where block creators are randomly chosen with probability proportional to their stake, while the algorithm of proof-of-work-based digital currencies uses mining. However, the PoS variant…
After Switzerland Visit, Crypto Concerns Remain for US Regulators
Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra.Meetings with multiple agenciesAccording to an official statement from Representative Maxine Waters, members of the U.S. House of Representatives Financial Services Committee met with multiple regulatory agencies and lawmakers. These included the…