Steam Yanks Game From Marketplace Over Crypto Mining Allegations

markets Bitcoin’s (BTC) recent drop to 14-month lows has left the cryptocurrency on track for its biggest ever yearly loss. Just three weeks ago, the cryptocurrency was changing hands at $6,300 – already a 54 percent year-to-date drop, according to CoinDesk’s Bitcoin Price Index (BPI). The dominant market narrative back then was that BTC would…

Bitcoin has traded mostly sideways over the past two weeks, prompting some traders to consider alternative cryptocurrencies such as ether for greater profit potential.“Our models are still full risk-on ETH (whereas our bitcoin model started reducing exposure last week) but we are starting to see some slowing in conviction buying,” Ben McMillan, chief investment officer…

Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit according to a tweet from the project.Upwards of $100 million worth of cryptocurrency are at risk to to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. Several…

A war of words between the BlockFi Creditors Committee and the bankrupt digital asset lender's management continued in a court filing published late Monday.The creditors called BlockFi’s narrative that it was a victim of FTX and Alameda a “false case narrative” and blamed the firm's failure on poor management decisions and subsequently its restructuring agents.The…

Aug 29, 2020 at 07:43 UTCUpdated Aug 29, 2020 at 09:11 UTCChina Construction Bank via ShutterstockChinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide AttentionA major bank quietly opened up a wallet service for China’s central bank digital currency to public users – but quickly disabled it after the feature gained widespread attention. Around…

Staked ether (stETH) holders can now use their tokens to mint curve usd (crvUSD), a decentralized stablecoin issued by stablecoin swapping protocol Curve Finance.A proposal to allow crvUSD minting via stETH was passed by 100% of Curve DAO community members in a vote that ended Thursday morning. Users can put up their stETH holders as…

Today’s newsletter centers around Bitcoin’s fourth halving is set to occur tomorrow. There has been plenty of coverage and price predictions. Mick Roche from Zodia Markets provides a straightforward explanation of how the Bitcoin halving works, why it matters, and how it could potentially impact bitcoin’s price. Then, Bryan Courchesne from DAIM answers questions he

“The time has come,” stated Fed chairman Jerome Powell back in August at the Jackson Hole central bank symposium. Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which was slightly more than markets had priced in before the FOMC meeting. In other words, the Fed

Nov 11, 2020 at 3:04 p.m. UTCUpdated Nov 11, 2020 at 3:05 p.m. UTCTraders are giving exchange tokens a new look – as a bet on the exchanges themselves. (Pixabay, modified by CoinDesk)First Mover: Bitcoin Pause, Ethereum Snafu, 1,000% Returns Put Focus on Exchange TokensBitcoin was higher, pushing toward the upper edge of its recent…