First Mover Asia: Bitcoin Is Being Made Great Again

Decentralized finance (DeFi) credit marketplace Credix Finance has opened a new private credit lending pool using the layer 1 blockchain Solana, the firm said Wednesday.Lenders can capture near 11% annual yield investing in insurance-protected private credit to Colombian farmers backed by receivables, said Credix, which believes the pool could swell to $150 million over the…

10 Years of Decentralizing the FutureMay 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register NowThe Bank of England shared its plans to regulate stablecoins that could pose a risk to the financial system in a discussion paper published Monday.The Bank of England will be regulating these

May 12, 2020 at 11:40 UTCUpdated May 12, 2020 at 11:42 UTCThird Halving Turns Out to Be Non-Event for Bitcoin’s PriceBitcoin's price volatility has declined following the network's third mining reward halving event on Monday.  The reward per block mined on bitcoin's blockchain was reduced to 6.25 BTC from 12.5 BTC at 19:23 UTC, when…

Sage D. Young is a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR. DYdX, the decentralized platform known for its perpetuals contracts, is now discussing the creation of more subDAOs to make management of the ecosystem even…

news The U.S. Commodity Futures Trading Commission (CFTC) has just named Coinbase vice president Dorothy DeWitt as its new market supervisor. CFTC Chairman Heath Tarbert announced in a press release Tuesday that DeWitt, who is also the exchange’s general counsel for business lines and markets, will be the new director of the Division of Market…

Zodia Custody, a cryptocurrency storage provider and a subsidiary of Standard Chartered (STAN), has launched in Singapore, to provide digital asset custody services for financial institutions, the firm announced on Tuesday.It has set up a company called Zodia Custody (Singapore) Pvt. Limited and appointed former Bitgo managing director Kai Kano as its first CEO.Custody in

May 11, 2020 at 21:57 UTCHut 8 Mining Revenue Continues Decline in Q1Hut 8 Mining, one of Canada’s largest mining operations, reported less-than-stellar first-quarter 2020 earnings Monday, the same day as the bitcoin halving.Earnings lowlights included falling revenue, decreased adjusted EBITDA margin and increased collateral requirements on debt.For the third consecutive quarter, revenues declined; this…

Era Lend, the largest lending protocol on Ethereum scaling blockchain zkSync, has been hit by a $3.4 million read-only reentrancy attack, according to blockchain security firm CertiK.The total amount of capital locked on Era Lend slumped to $10.75 million from $18.5 million following the exploit, DefiLlama data indicate."We've experienced a security incident on our platform…

Chinese yuan (Shutterstock)As Chinese police step up efforts to crack down on illegal economic activities, crypto over-the-counter (OTC) traders are being detained to assist investigations.  In another sign Chinese law enforcement are targeting cryptocurrency trading, Zhao Dong – a prominent Chinese crypto OTC trader and the co-founder of crypto lending platform RenrenBit – has been…