Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more

Ether (ETH) price lost more than 40% this week, even hovering around $100 on the day which is now being considered the new Black Thursday in crypto and traditional markets. In recent hours Ether has bounced back slightly to trade in the $120 to $130 range.Cryptocurrency market weekly overview. Source: Coin360However, in 2017 Ether and…

Terraform Labs will put the proposal up for a governance vote on May 18 Asia time. 1422 Total views 4 Total shares On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out…

Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi in support of what has been described in an attempted takeover of the network.In a statement issued by Huobi on March 3, the exchange…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.Cointelegraph interviewed Velvet Capital’s CEO on the challenges facing DeFi and the key barriers it needs to overcome to go mainstream. Cosmos-based Umee and Osmosis merge to create

Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. 153 Total views 2 Total shares Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India.According to the Sept. 26 announcement, the funds will be used to grow Gemini’s development center in Gurgaon. The exchange said: “Our teams

Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin has been the subject of a “coordinated attack” by hedge funds looking to short sell the dollar-pegged crypto asset. Speaking to his 151,600 Twitter followers on Monday, June 27, the Tether executive was responding to reports that hedge funds have been borrowing millions in loans…

Legacy markets continue to negatively impact Bitcoin price, but a positive sign is that the bulls have not allowed BTC to retest its June low. 299 Total views 17 Total shares

The technology could also help detect diseases such as cancer.

On Sept. 8, Coinbase announced it was bankrolling a lawsuit against the United States Treasury Department. The cryptocurrency exchange is funding a lawsuit brought by six people that challenges the sanctions on Tornado Cash. And on Sept. 9, Securities and Exchange Commission (SEC) Chair Gary Gensler announced he was working hard with Congress to create legislation…