‘Potential top’ for Bitcoin as long-term holders sell 828K BTC in 30 days
A crypto analyst says Bitcoin is in a state of “musical chairs” right now and warns that traders should be “prepared when the music stops.”
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Law Enforcement Requests to Kraken Hit All-Time-High, Up 49% in 2019
Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year.The data was revealed in a tweet from the exchange on Jan. 6, which included a snapshot taken from the new 2019 Transparency Report from Kraken’s compliance team.Screenshot, 2019 Global Law…
MoneyGram Declared $11.3 Million Ripple Cash Injection as Revenue
A United States Securities and Exchange Commission (SEC) 8-K filing by remittance processor, MoneyGram, has revealed that Ripple has been injecting a significant amount of funds into the business since its investment in the company in June 2019.But according to a report from the Financial Times, Feb. 28, until consulting with the SEC, MoneyGram had…
XRP Price Stable as Ripple Unlocks 1 Billion Tokens From Escrow Wallet
Ripple, the blockchain payment network notionally tied to altcoin XRP, has begun 2020 by releasing funds from its escrow worth $192 million. Data scanned from the XRP blockchain by monitoring resource Whale Alert caught the latest consignment of XRP tokens, which forms one installment of a pre-planned release schedule Ripple began in 2017. Ripple continues 55-month escrow…
United Arab Emirates’ Ministry of Health Launches Blockchain System
United Arab Emirates’ (UAE) Ministry of Health and Prevention (MoHAP) has launched a blockchain system for recording and sharing healthcare data.The official news agency of the UAE reported the development on Sept. 18, noting that the system aims to improve data integrity.A healthcare data sharing solutionPer the report, the platform will “save and share the…
Robinhood nears settlement on GameStop, meme stocks suit
Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.
South Korean Experts Say Crypto Is a Poor Safe-Haven Asset
A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession. 1471 Total views 31 Total shares On June 11, South Korean experts stated through local media that cryptocurrencies are a “poor choice” of safe-haven assets during the COVID-19 pandemic.According to The Scoop, Professor Hong Ki-hoon of Hongik…
Maker Decentralizes Governance, But is the Community Ready?
The Maker Foundation has handed governance over the smart contract that underpins the MakerDAO (MKR) protocol to MKR token holders.Describing the move as the project’s “most significant step” toward decentralized governance, the foundation announced that a three month long transition of power to the community had been finalized. “The MKR token contract is now 100%…
Smart contract standards: Making DeFi transactions on Ethereum more secure
Decentralized finance continues to make its impact on the crypto market, and with over $13 billion of total value of assets locked, DeFi projects are clearly resonating with eager crypto investors. Yet while the DeFi space has been progressing over the last year, a number of illegitimate projects have come to fruition, reminding some of the 2017…