KPMG: Blockchain Funding in US This Year Has Already Surpassed 2017’s Total
Investment in the blockchain industry is booming in the U.S., according to a new report from “Big Four” auditing firm KPMG.
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Election Bets Drive Fee Spike at Predictions Platform Polymarket
Nov 5, 2020 at 12:49 UTCUpdated Nov 5, 2020 at 12:56 UTCDecentralized predictions platform Polymarket has passed DeFi protocol SushiSwap to become the fourth-highest blockchain project in terms of fees generated.According to Cryptofees, the platform is averaging over $100,000 in daily takings and currently trails behind first-place Bitcoin, Ethereum (second) and DeFi protocol Uniswap (third).The…

Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations
Crypto market capitalization dropped 7%, with major tokens like bitcoin, ether, and others falling sharply in the past 24 hours.The decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a potential rebound.Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged

U.S. 216K Jobs Adds in December Tops Estimates for 170K
The U.S. economy added 216,000 jobs in the last month of 2023, ahead of economist estimates for 170,000 and above November's 173,000 (which was revised lower from an originally reported 199,000).The unemployment rate was steady at 3.7%, beating estimates for a rise to 3.8%.The price of bitcoin (BTC) - mostly focused for the past weeks

BC Technology Denies Report of $128M Crypto Exchange Sale
OSL, a Hong Kong-based licensed crypto exchange, is not for sale, according to a recent filing by its parent company.BC Technology, which owns OSL, said that Bloomberg’s report about the pending sale is “factually inaccurate and highly misleading” in a filing with the Hong Kong Stock Exchange. Bloomberg initially reported that the exchange was on

Tornado Cash Developer Roman Storm Pleads Not Guilty to Money Laundering, Other Charges
NEW YORK — Tornado Cash developer Roman Storm pleaded "not guilty" to charges of conspiring to operate a money transmitter or facilitate money laundering and sanctions evasion in a court appearance Wednesday.Storm, a dual U.S. and Russian citizen, will be released on a $2 million personal recognizance bond secured by his residence in Washington state

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal’s Stablecoin Software
Today’s big news story in the blockchain tech world is the U.S. crypto exchange Coinbase’s launch of its new Ethereum layer-2 network, Base – possibly the first of its kind to be launched by a publicly traded company. Is it the start of a new era? (Please see coverage in Protocol Village, below.)Our feature by…

DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says
The Monday exploit of UwU Lend resulted in a series of events that led to Michael Egorov's $100 million loans from various protocols being automatically liquidated, causing the CRV token to drop by up to 30%.Despite the bad debt and liquidations, Egorov said he remains committed to ensuring that all users can withdraw their deposits

Search Giant Baidu to Censor Crypto Discussions on Online Forum
Chinese search giant Baidu is reportedly moving to block cryptocurrency-related content on its online forums. China Times, a Beijing-based business media outlet, reported on Sunday that Baidu is seeking to restrict or outright ban forum topics that discuss crypto-related activities on Baidu Tieba, the firm's Reddit-like online platform. "Currently, the company has toughened its scrutiny…