Kraken ramps up donations to Ulbricht amid $47M wallet rumors
The Silk Road creator walked free on Jan. 22 after 12 years in prison. Wallets tied to him are rumored to be worth around $47 million.
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Uniswap Labs raises $165M as attention shifts to NFTs, Web3
The decentralized exchange has supported $1.2 trillion in cumulative trading volume since its inception, according to founder and CEO Hayden Adams. 123 Total views 4 Total shares Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain's biggest venture firms, putting the company on…
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European Central Bank releases first CBDC progress update
The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking.
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ICE Announces Software Platform Acquisition for Upcoming Bakkt App
The Intercontinental Exchange, or ICE, owner of the New York Stock Exchange, announced plans to acquire software service Bridge2 in preparation for an app launch from ICE’s subsidiary, Bakkt. Bakkt’s app will host a bevy of assets, such as loyalty rewards from various businesses, as well as crypto assets, although the app will not be blockchain-based,…
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Yearn Finance shuns governance token with new stablecoin lending protocol
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,…
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‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits to Having Bitcoin
Veteran gold bug and bitcoin (BTC) skeptic Peter Schiff has accepted delivery of $1,350 worth of the cryptocurrency after the industry sent him donations on July 4.Schiff, who is well known for warning investors not to trust bitcoin as a replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate…
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IMF calls for tighter crypto regulation in Africa as the industry unfolds
FTX's collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund. 856 Total views 22 Total shares The International Monetary Fund (IMF) is calling for increased regulation of Africa's crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22. Among…
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Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry
Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin's performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period.Bitcoin/USD 1-day candle chart. Source: TradingViewThe broader commodity…
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Big Macs for stacking Sats: Bad Crypto news of the week
Bitcoin continues its bull run. The coin is up more than 12 percent over the last week and is now tickling $16,000. According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.26 of the giant burgers. It’s even passed the monetary base of the Russian ruble, and is on its…