Onyx to shutdown Ethereum-based lending market, relaunch Onyx Core

The price of Bitcoin (BTC) pulled back after achieving a new 2020 high at $12,486 on Coinbase. In the last 48 hours, BTC fell by around 5%, leading to larger losses in the altcoin market.There are three key reasons why Bitcoin rejected at the $12.4k level, namely major resistance, high funding rates, and an overheated…

ConsenSys, the Ethereum-focused company founded by Joseph Lubin, announced on Feb. 25 that it will spin off its health division. The new ConsenSys Health company will develop blockchain use cases to tackle issues in the U.S. healthcare industry.The announcement is part of ConsenSys’ strategy shift of favoring products such as Codefi and Infura, which led…

Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Aug. 16.The senior commodity market strategist credited the "digitization of money and finance" behind the Bitcoin market's superior growth against gold, noting that the same factors helped the U.S. dollar gain dominance "rapidly…

Korea Blockchain Week (KBW) 2022 wrapped up its two-day mainstage events this evening, which again saw a number of influential speakers take to the podium including Janine Yorio of Everyrealm, Yat Siu of Animoca Brands and Sky Mavis’ Jeffrey Zirlin.Held at the Grand Intercontinental Seoul Parnas, the second-day conference saw thousands of attendees engaged across three…

The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat. 624 Total views 8 Total shares As cryptocurrency adoption continues apace in the United States,  lawmakers want to better understand how it's used — for both legal and illegal purposes.The Ransom Disclosure Act,…

Bitcoin's copycat moves leave traders with few options but to wait to monitor equities and hope for a correlation breakdown. 1484 Total views 22 Total shares Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin follows…

Trump’s potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption.

The recent crypto market crash has wreaked havoc on DeFi tokens, with with 95% of DeFi assets posting a seven-day loss The decentralized finance (DeFi) bubble appears to have popped for the time being, with half a dozen top DeFi tokens shedding half of their fiat value over the past seven days.According to crypto market…

U.K. fintech giant Revolut makes crypto available to its users in 49 states following significant delays. 379 Total views 16 Total shares Major British fintech firm Revolut is expanding its cryptocurrency trading services in the United States.As of July 15, users across the country — with the exception of Tennessee — can trade cryptocurrency on…