South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis
The Korea Premium Index drives price surges in South Korea’s crypto market, where institutional trading plays a pivotal role.
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Bitcoin traders split on $40K chances as altcoins eye potential ’80-150%’ gains
Bitcoin (BTC) circled $32,000 on July 22 after excitement over fresh comments by Elon Musk resulted in strengthening of support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls regroup at $32,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $31,500 and $32,000 overnight on Wednesday, hours after Musk joined others in praising Bitcoin during a…
$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges
Kokomo Finance's social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes. Own this piece of history Collect this article as an NFTOptimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked…
Eastern Caribbean Central Bank’s CBDC Could Beat China to the Punch in 2020
The race for central-bank digital currencies has been on for some time now, and since the development of the digital yuan may have been postponed due to the coronavirus pandemic, other countries could beat China to the punch.Almost exactly one year ago, the Eastern Caribbean Central Bank and Bitt Inc. — a financial-technology company based…
Solend invalidates Solana whale wallet takeover plan with second governance vote
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price to zero. 1041 Total views 53 Total shares Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs “emergency powers” to access a whale’s…
How Vitalik Buterin’s pluralistic vision could reshape blockchain governance
While Buterin believes pluralistic philosophy can enhance existing systems, he acknowledges that it cannot replace them.
New York Mayor urges state to abandon ‘stifling’ BitLicense scheme
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement. 277 Total views 20 Total shares New York City Mayor Eric Adams has hit out at his states’ BitLicensing regime, claiming that it stifles innovation and economic growth.In…
Much DAO: Open DeFi unveils DAO to support the entire ecosystem
Open DeFi’s new DAO will be community governed through a governance token. 1646 Total views 14 Total shares Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem.The alliance launched in late 2020 with the goal of…
Tesla held $2B of Bitcoin as of late 2021, SEC filing reveals
Tesla recorded $101 million of impairment losses on Bitcoin in 2021, with the carrying value accounting for $1.26 billion. 109 Total views 4 Total shares Elon Musk’s electric vehicle maker Tesla was holding about $2 billion worth of Bitcoin (BTC) by the end of 2021, according to official records.The “fair market value” of BTC held…