Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption
Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi.
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CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest.At the other end of the table, centralized finance, or CeFi, where all processes are rooted through a central body, has endured a comparatively peaceful…
Investors Defrauded by South Korean Pyramid Scheme
An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors. 1168 Total views 21 Total shares South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme.According to TV Chosun, police are looking into reports that over 160 individuals are believed to…
MakerDao Users Vote to Raise Stablecoin DAI’s ‘Stability Fee’ by 2%
Users of blockchain organization MakerDao (Maker) have voted to raise the so-called stability fee for Maker’s Dai (DAI) stablecoin to 3.5 percent, according to the results of a recent poll, completed on March 7.MakerDao, a Decentralized Autonomous Organization (DAO) based on the Ethereum (ETH) blockchain, first opened voting on the matter to users on March.…
Europe’s New Regulations Force Bitcoin Service Bottle Pay to Shut Down
The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations. Funds will remain available for withdrawal until 13:00 GMT on Dec. 31, 2019.New user data collection would negatively impact user experienceBottle Pay, developed by United…
Ether fees nearly double as 24-hour trading volume tops $50B
The average transaction cost on the Ethereum network almost doubled amid a trading volume surge. 1526 Total views 8 Total shares Ethereum network fees continue to climb with the average value topping out at $17.43 per transaction according to data from YCharts. As previously reported by Cointelegraph, average fees were at about $10.20 earlier on…
President Trump and New York governor propose shift to nuclear energy
According to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes.
Russian ministry proposes criminal charges for failure to report crypto tax
To ban crypto or to tax, that seems to be the question. Russia’s Ministry of Finance is continuing to push regulations for the cryptocurrency industry by proposing new tax requirements.The ministry now reportedly wants to introduce criminal liability for failure to declare taxes on crypto, including prison terms of up to three years.According to a…
GameStop's Roaring Kitty posts first livestream in 3 years— price reacts
The meme trader revealed that he was down $235 million and held call options on 12 million GameStop shares in his YouTube livestream, dated June 7.