Kentucky joins growing list of US states to introduce Bitcoin reserve bill

It might seem unlikely that BlockFi founder and CEO Zac Prince would describe a prosecution that resulted in a $100-million fine for his company as “a win not only for BlockFi but for the broader cryptocurrency industry,” but that is indeed what he said. And, he might be right, although it remains to be seen…

Of all the Ether (ETH) locked in the collateralized debt positions (CDPs) of the old MakerDAO system, 27% belongs to a single Ethereum address. Financial technology data firm Digital Assets Data shared these findings with Cointelegraph on Jan. 26.Dai, which was created by MakerDAO, allows users to borrow or generate the stablecoin by staking their…

South Korea’s President Moon Jae-In stated that regulatory innovation regarding blockchain technology is now a question of survival.Regulatory innovation is not a matter of choice anymore, it is a question of survivalThe President of South Korea stressed the importance of the development of new regulatory approaches towards new technologies such as blockchain in the light…

Bitcoin (BTC) has gained legal recognition by a second Chinese court in a further boost for the cryptocurrency in one of its harshest environments.A watershed for Bitcoin in ChinaAccording to investor Dovey Wan, who linked to local media coverage, the Hangzhou Internet Court formally described Bitcoin as virtual property on July 18. The second such court…

Many analysts predict that a parabolic ETH rally may be imminent, pointing to Ethereum’s surging DeFi ecosystem and network fundamentals. 2626 Total views 17 Total shares With Ethereum inching its way into new all-time highs over the past 24 hours, a number of onlookers believe Ether could quickly surge through the $1,400 price range.Ethereum’s robust…

Binance’s European debanking woes continue as it urges Paysafe users to convert their euros to digital dollars. 661 Total views 5 Total shares Crypto exchange Binance has urged users to convert their euros into Tether (USDT) before the end of October after losing the support of its banking partner.On Sept. 28, Binance urged European Paysafe

Polychain Capital has bet on a new DeFi exchange protocol looking to boost the adoption of stablecoins in DeFi. 3707 Total views 13 Total shares Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins.DFX raised more than $5 million in…