Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve

Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBulls pin hopes on historyData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 Tuesday evening.A subsequent bounceback saw the pair clip…

October 31 marks the ten year anniversary of the release of the Bitcoin whitepaper, which was authored by Satoshi Nakamoto, and whose identity still remains a mystery.In this relatively short period of time, Bitcoin has challenged the way modern society looks at global finance and banking, and has been the catalyst for the birth of…

The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report. 710 Total views 1 Total shares Cryptocurrency exchange Bitget says its total proof-of-reserves ratio has reached 223%. In a July 13 announcement, Bitget revealed that its total reserve currently stands at $1.44 billion spread across 31 different crypto assets. Reserve…

Prysmatic Labs calls the Medalla testnet incident a “learning experience” and says the launch of ETH 2.0 can proceed as planned. Rumors of the death of the Medalla testnet have been greatly exaggerated says Prysmatic Labs’ editor Raul Jordan, who adds that despite the mishap, the launch timetable for ETH 2.0 remains on track.Medalla —…

The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena. 430 Total views 1 Total shares Own this piece of history Collect this article as an NFTKyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered…

The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing. Own this piece of history Collect this article as an NFTThe community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the algorithmic backing of the…

THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cointelegraph Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to…

Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit.StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR).Introducing StableCredit,…

Following the roll-out, the platform is now welcoming Ethereum blockchain developers to build upon the Nervos network in a bid to broaden their DApp ecosystem. 24 Total views 2 Total shares Public blockchain platform Nervos has announced the mainnet beta launch of Godwoken.The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics…