Elon Musk’s X could face $200M EU fines over alleged DSA violations

Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018.The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as interest…

Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million. 1788 Total views 16 Total shares Decentralized finance (DeFi) loan protocol Aave has seen an explosion in the number of flash loans issued — with the daily value of said loans growing more than 1,000% since…

Weekly inflows into crypto funds totaled $185 million for the last week in May, with monthly investment fund inflows reaching $2 billion.

Institutional investors have replaced high net-worth individuals as the biggest buyers of cryptocurrency transactions worth over $100,000, Bloomberg reported October 1.According to Bloomberg, traditional investors and buyers such as hedge funds have become more involved into the $220 billion cryptocurrency market through private transactions. Bloomberg also notes that miners — the biggest sellers on the…

The Federal Reserve Governor has urged the United States to be at the forefront of developing CBDC to maintain the U.S. dollar’s role as a global reserve currency. 19798 Total views 2 Total shares The Fed’s governor has argued that The United States must be at the forefront of developing a central bank-issued digital currency,…

Oklahoma senator Nathan Dahm wrote a new bill for his state which looks to build a state-backed innovative financial institution around blockchain technology, establishing a new classification of institutions.Dated Jan. 15, 2020, the bill noted that the state-chartered financial institution will be “the central depository for virtual currency used by governmental agencies in this state.”Detailing…

The Bitcoin Gold (BTG) blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent. According to a GitHub post by James Lovejoy, a researcher at MIT’s Digital Currency Initiative, the hard-fork of Bitcoin was hit by two deep reorganizations of over 10 blocks on Jan. 23 and 24.A 51%…

BitMEX firmly leads the market when it comes to Bitcoin futures OI, with Binance in second place, according to new data from Bybit. 887 Total views 28 Total shares Derivatives giant BitMEX and cryptocurrency exchange Binance are the Bitcoin (BTC) industry’s biggest — when ranked by open interest (OI).According to updated rankings from exchange Bybit,…

Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year. Moreover, most altcoin/BTC pairs have been hitting new lows, and many of the coins are still trending downwards, looking for potential support.Crypto market daily performance. Source: Coin360One of these coins…