EU’s new ‘DORA’ rules come into effect: What does it mean for crypto?

Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series of hard blows to decentralized finance (DeFi) projects, some are wondering if the ecosystem can defend itself from collapse.Cointelegraph contacted a variety of industry experts and DeFi…

The rise in the ETH/BTC pair is painting a bearish technical pattern, hinting at a potential correction. 1070 Total views 14 Total shares Ether (ETH), Ethereum's native toke, has been continuing its uptrend against Bitcoin (BTC) as euphoria around its upcoming network upgrade, "the Merge," grows.ETH at multi-month highs against BTCOn the daily chart, ETH/BTC…

All accounts on Binance Jersey will be inaccessible as of Nov. 30. 1544 Total views 20 Total shares Binance, the world's largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey.Binance launched its platform in Jersey as part of its expansion drive to tap into the European markets. On Jan.…

China Merchants Bank International (CMBI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation.A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing decentralized finance (DeFi) applications and helping Nervos to grow its network in the…

With all eyes on the crypto market mayhem and Bitcoin’s new year-to-date lows, the cryptocurrency’s soaring volatility levels remain underreported. According to the Bitcoin (BTC) Volatility Index as of yesterday, Dec. 9, volatility levels on the BTC-USD market have risen threefold on the month.BTC-USD Volatility Index 30-Day Chart, Nov. 9 - Dec. 9. Source: buybitcoinworldwideThe…

The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.” 196 Total views 26 Total shares United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC)…

Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout. Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits. Recently, crypto media…