Former Square, Coinbase execs raise $58M for Bridge stablecoin network
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.
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Upbit Hack’s $50M Funds Continue Moving After Hitting Binance
Millions of dollars in ETH stolen from Upbit in 2019 continues to move on unknown wallets, OKEx, and a little-known exchange. 414 Total views 17 Total shares Crypto funds associated with Upbit’s $50 million hack in November 2019 have continued to move. Soon after hitting the world’s biggest crypto exchange, Binance, large sums of the…
Ethereum dev addresses node centralization concerns in runup to the Merge
A majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services, which experts believe could become a central point of failure. 533 Total views 17 Total shares Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one.…
Russian Duma wants to regulate crypto mining as business
Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. 331 Total views 6 Total shares As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry.Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed…
VC Roundup: Web3 dev, EVM sharding and crypto banking headline blockchain funding deals
Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding…
Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon
The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one that will also have long-lasting effects on the economy. World governments are taking unprecedented measures to cope with the economic fallout of the virus, namely through the third coronavirus relief bill, which…
Bitcoin Price Flat at $8.3K as Moving Averages Indicators Flip Bearish
Bitcoin price (BTC) continued its latest sideways trading pattern on Oct. 15 as analysts increasingly warned over likely short-term volatility.Cryptocurrency market daily overview. Source: Coin360Bitcoin clings to $8K supportData from Coin360 showed BTC/USD remaining near $8,300 at press time, having fluctuated around that level over the past 24 hours.Highs during that period topped out at…
El Salvador reportedly weighing paying employees in Bitcoin
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars. 622 Total views 2 Total shares Rolando Castro, the Minister of Labor and Social Welfare in El Salvador has said that the government is discussing whether companies in the country should pay their…
US House may vote to overturn Biden's SAB 121 veto next week
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto.