Controversy as MakerDAO’s Spark Protocol blocks users with VPNs
Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy.
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USD Coin officially expands to Base and Optimism networks
Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time. Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made
Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?
Amid speculation as to whether China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts, analysts are wondering whether the firm’s collapse could pose contagion risks for the crypto industry.On Sept. 8, Fitch Ratings asserted it “appears probable” that Evergrande will default on its debts, with the firm having since conceded…
BlockFi confirms unauthorized access to client data hosted on Hubspot
As a third-party vendor for BlockFi, Hubspot stored user data such as names, email addresses and phone numbers, which has been historically used for conducting phishing attacks. 248 Total views 3 Total shares New Jersey-based crypto financial institution BlockFi confirmed a data breach incident via one of its third-party vendors, Hubspot. BlockFi’s proactive warning about…
Binance US CEO: Coronavirus Quarantine Drove “Volume Resurgence” in Asia
Catherine Coley, the CEO of Binance US, revealed that the coronavirus quarantine in Asia drove a surge in trade volume during an interview with Bloomberg on March 16.On the subject of the recent correlation between Bitcoin (BTC) and the S&P 500, Coley asserts that both the traditional cryptocurrency markets are playing out a familiar long-term…
Bitcoin go up, Coinbase go down: Exchange outages and trader outrage
Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days. 976 Total views 8 Total shares Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers…
Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis
Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets. 156 Total views 226 Total shares Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the…
Report: BitMEX Crypto Exchange COO Steps Down
The chief operating officer (COO) at digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down.A spokesperson familiar with the matter told industry-focused media outlet The Block on Sept. 9: "We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the…
Illinois Can Claim ‘Abandoned’ Cryptocurrency Under New Bill
A new bill draft proposed by the Illinois State legislature adds “virtual currencies” to a list of assets that can be considered abandoned. The bill was first introduced on Feb. 20, and was sent to the House Revenue & Finance Committee on March 12.The draft amends some aspects of Illinois’ Revised Uniform Unclaimed Property Act,…