Blockchain Startup Havven to Launch Stablecoin on EOS This Year

Some $16 million in cryptocurrency was pilfered in an exploit of a decentralized finance (DeFi) protocol last week, and the victims believe they know exactly who did it.Despite threats from the team, however, the alleged attacker – a Canadian teenage graduate student – is refusing to return the funds, potentially setting the stage for a…

Dec 30, 2020 at 9:27 p.m. UTCUpdated Dec 30, 2020 at 9:33 p.m. UTCBitcoin prices, Dec. 29 - Dec. 30, 2020. Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot BetThe takeaway:Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours.Bitcoin’s 24-hour range: $26,796.90…

Crypto advocates, fiercely opposed both the proposed rule and the initial attempt by the previous administration to rush it through.(Shutterstock)Jan 21, 2021 at 12:49 a.m. UTCUpdated Jan 21, 2021 at 1:29 a.m. UTCProposed Crypto Wallet Rule Among Those Frozen by Biden Pending ReviewPresident Joe Biden has frozen all agency rulemaking, including former Treasury Secretary Steven…

Spanish banking giant Santander selected cryptocurrency safekeeping technology firm Taurus to implement a self-custody model for digital assets, according to a person familiar with the arrangement.Last week, Santander Private Bank was in the news, confirming that trading in bitcoin (BTC) and ether (ETH) was live and available for clients with accounts in Switzerland.Geneva-based Taurus, which

news The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Industry members have been eagerly awaiting the update since May 2019, when IRS Commissioner Charles Rettig said the agency was working on providing fresh guidance. The agency’s 2014 guidance left many questions unanswered,…

Apr 20, 2020 at 14:20 UTCUpdated Apr 20, 2020 at 14:30 UTCFacebook's Dublin Office. (Credit: Derick Hudson / Shutterstock)Libra may have been scaled back but Facebook is significantly expanding the team working to support the stablecoin project.The social media giant is looking to hire 50 people for its payments subsidiary Calibra – charged with creating…

A federal judge dismissed part of the U.S. Securities and Exchange Commission's (SEC) lawsuit against crypto exchange Binance and founder Changpeng Zhao, but allowed other charges, including charges against the holding company for Binance.US, to proceed. In a late Friday order, Judge Amy Berman Jackson, of the District Court for the District of Columbia, ruled

The bitcoin mining industry is having an exciting couple of days. Just a day after Bitfury revealed a new 14nm mining chip called the Bitfury Clarke, Bitmain has upped the ante with the announcement of a new 7nm application-specific integrated circuit (ASIC) processor that it says offers better hashing power and energy efficiency over older models. The…

China’s Open Source Development Has Lessons for the USLex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. The news cycle is obsessed with a global technology competition between China and the United States. Whether we look at artificial intelligence, 5G,…