EU DeFi regulations set to welcome big banks, challenge crypto natives

After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency. 801 Total views 14 Total shares In light of the recent FTX collapse and liquidity scandal, regulators in the European Union have joined other global lawmakers in a…

Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, explained what developments he believes will drive the growth of cryptocurrency’s’ user base.In a series of tweets on March 4, Armstrong illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that is currently being done on cryptocurrencies.…

The quest to protect Ethereum Classic continues. 1102 Total views 16 Total shares As it grapples with multiple security breaches, Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of increasing its defenses against 51% attacks. In a post, Ethereum and its Core Dev Team will work with both ChainSafe and OpenRelay to develop…

Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also easy to become overconfident when you get lucky, falsely attributing it to your trading strategy — when, in reality, the price often rose or fell…

The crypto community is rallying around the charge to fight COVID-19, with a variety of initiatives raising money to fight the pandemic and support charities on the front lines of the battle. The most recent: an online poker tournament, open to anyone and featuring a host of well-known crypto faces.The Giving Block has partnered with…

The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it's willing to discuss a bounty with the exploiters. 369 Total views 8 Total shares Decentralized finance (DeFi) app Steadefi was exploited for at least $334,000 on Aug. 7 in an ongoing attack. The app's development team has said in a…

BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody."

The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report. 457 Total views 14 Total shares The Indian Ministry of Home Affairs (MHA) is reportedly developing a crypto intelligence tool in response to a rise in illegal activities around cryptocurrencies in the country. According to

The price of Bitcoin (BTC) and Ethereum’s Ether (ETH) plunged by 13% and 21%, respectively, within minutes on Aug. 2. The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550.BTC/USD 1-hour chart. Source: TradingviewThere appear to be two main reasons behind the sudden…