High-risk DeFi loans surge after US election as crypto market rallies

Monday, Nov. 26: crypto markets have seen a strong flush of green amidst the recent news that the U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) for tax payments.Virtually all of the top 100 cryptocurrencies by market share are seeing a sufficient rebound over the past 24 hours,…

A paper recently published by the Law Faculty of the University of Oxford examines the legal risks of depositing cryptocurrency with custodians in the event of insolvency. The paper, featured in a June 1 blog-post by the faculty, also suggests ways that regulation and practice can help to mitigate this risk.Disintermediation failedCryptocurrencies were initially created…

A survey showed that more than 70% of respondents believe they have the right tools to become crypto billionaires. 263 Total views 46 Total shares While some Americans believe that they could become billionaires by trading cryptocurrencies, some Redditors think that it may be better to aim for lower and more reasonable goals, such as…

Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day.The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk of lower levels remains omnipresent.After a quiet weekend, hodlers find themselves stuck in a narrow range…

The Bitcoin network underwent a six-month-long rally to attain a new all-time high hash rate of 207.53 million tera hashes per second (TH/s) on Saturday. 1083 Total views 7 Total shares Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for…

Binance has partnered with state-owned PT Telkom Indonesia to establish a digital asset exchange in the country. 434 Total views 10 Total shares Major cryptocurrency exchange Binance has partnered with MDI Ventures, PT Telkom Indonesia’s venture capital arm, to establish a crypto exchange platform.According to a joint announcement on Wednesday, the agreement will also seek…

Bitcoin (BTC) begins a new week in uncertain times after regaining $9,000, but where is BTC/USD headed in the coming days? Cointelegraph Markets highlights five factors driving Bitcoin price action for the week ahead.Stocks optimism returns with $9KFollowing a major slide on Friday, stocks futures were gaining early on Monday, despite ongoing pressure from Covid-19 concerns. Dow…

The crypto market has been surging recently and there’s one cryptocurrency — Bitcoin (BTC) — leading the way. After having suffered through volatility for the better part of the last 60-some days, the flagship crypto has showcased a high level of recovery, even breaking past its 200-day moving average earlier this month, suggesting that a…

Axie Infinity players can stake their AXS tokens with rewards to follow up soon. 1191 Total views 14 Total shares Axie Infinity, a play-to-earn NFT game based on the Ethereum blockchain, announced the launch of the staking program for its native token, Axie Infinity Shards or AXS. AXS holders can start staking their tokens while the…