My Bank Account Was Frozen for Bitcoin – And It Only Made Me Love Crypto More

Bitcoin's price remains in a tight range below $6,500 despite the breach of key price hurdle. Stepping back, the leading cryptocurrency cleared the resistance of the trendline drawn between the July 25 high and Sept. 4 high on Oct. 10. So far, however, the bullish breakout has failed to put a bid under BTC, leaving…

news Members of ethereum’s open-source development team have reached agreement on an activation time for Constantinople, a proposed code change designed to give users the option to update the blockchain with additional features. Speaking at a bi-weekly core developer meeting Friday, the developers assembled agreed on block 7,080,000 on the ethereum blockchain as an activation…

news New York State is officially launching a cryptocurrency task force aimed at helping the state understand cryptocurrencies and their underlying blockchain technology. Governor Andrew Cuomo signed a bill last month creating the task force to study cryptocurrencies, other forms of digital currency and blockchain technology, according to a press release issued Wednesday by the bill’s…

Nov 11, 2020 at 4:00 p.m. UTCUpdated Nov 11, 2020 at 4:22 p.m. UTCPaystack founders Ezra Olubi and Shola Akinlade(Paystack)African Startups Should Tokenize to Break Biased Funding CyclesIn Africa, there is a long-running feud between white expatriates and ex-Ivy League founders on the one hand, and grassroots-bred Black local founders on the other. At stake…

South Korea’s ruling People Power Party has made several promises around the crypto sector, including one to look into allowing spot bitcoin exchange-traded funds (ETFs).The opposing Democratic Party has also promised to allow investors to purchase spot bitcoin ETFs and could present a full proposal for the sector on Wednesday.South Korea’s national elections are scheduled

The backing will help Terraform Labs build more apps on its Tendermint-based blockchain.Terra co-founders Daniel Shin and Do Kwon(Terraform Labs)Jan 26, 2021 at 3:00 p.m. UTCGalaxy, Coinbase Bet $25M on DeFi Using Terra StablecoinsTerraform Labs has raised $25 million in a new round from Galaxy Digital, Coinbase Ventures, Pantera Capital and others.The stablecoin for e-commerce…

Oct 27, 2020 at 19:45 UTCUpdated Oct 27, 2020 at 20:18 UTCBlockFi CEO Zac Prince (CoinDesk archives)Crypto lender BlockFi has become one of Grayscale Bitcoin Trust’s (GBTC) biggest whales.BlockFi holds 5.07% of Grayscale’s $4.8 billion bitcoin trust, or 24,235,578 GBTC shares, according to Tuesday Securities and Exchange Commission (SEC) filings. Grayscale is owned by CoinDesk's…

news Well, that was a bit anticlimactic. After two years of work and more than a year of hype and regulatory delays, the Bakkt bitcoin futures market had a lackluster first day of trading. When the session closed at 22:00 UTC Monday, only two daily futures contracts and 71 monthly futures contracts had traded on the new…

The behaviour of borrowers in decentralized finance (DeFi) is important in considering the design of collateralized borrowing platforms with emerging tokenized assets, a BIS study has found.The study's authors claim to be the first to document individual DeFi wallets’ leverage, relevant to understanding financial stability concerns.The behaviors of borrowers in the decentralized finance space and