Synthetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
Synthetix faces fierce competition on the DeFi-oriented layer 2.
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Proposed Israeli law to classify crypto as securities will ‘kill the industry’
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon. 259 Total views 2 Total shares Own this piece of history Collect this article as an NFTProposed laws in Israel that would see cryptocurrencies classified as securities would cause huge…
Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform
Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27.Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans online and get their credits without…
SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft
Gregg Bennett, a SIM-swap hack victim and angel investor, sued cryptocurrency exchange Bittrex over allegedly allowing the theft of nearly $1 million in Bitcoin (BTC).According to a press release published on Oct. 30, Bennett believes the exchange violated its own security standards and allowed hackers to steal his cryptocurrency in April. The lawsuit, filed in…
Enterprise Ethereum Alliance’s Reward Token System Backed by Microsoft, Intel
Microsoft and Intel are backing a new system of reward tokens created by the Enterprise Ethereum Alliance (EEA).EEA creates new reward token systemThe EEA, which sets standards for Ethereum-based blockchain applications in business, shared the developments in a statement with Cointelegraph on Oct. 7.The organization said that it has created a new system of reward…
Bitcoin price sees pullback, but bulls still marching toward $20K
The price of Bitcoin (BTC) has increased by 36% in the last 35 days, showing a strong rally. The market sentiment has been optimistic due to rising institutional demand and the perception of BTC as an inflation hedge. But after a large uptrend, the belief that BTC may pull back has begun to increase. While a…
Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023
El Salvador paid $800 million in debt at the start of the year before the maturing period, raising the confidence of investors, as President Bukele says "told you so". 389 Total views 5 Total shares El Salvador, which adopted Bitcoin as legal tender in 2021, has seen its dollar bond outperform the majority of the…
Stablecoin On-Chain Activity Grows 800% in a Year
The on-chain activity for stablecoins has increased 800% in the last 12 months. 1412 Total views 38 Total shares The on-chain activity for stablecoins has increased 800% in the last 12 months according to market intelligence firm TokenAnalyst.This growth is not surprising considering the overall growth of the stablecoin niche. The combined market cap for…
Tron Community in Uproar as Genesis Coins Used in Super Reps Vote
The Tron (TRX) community was beside itself on Wednesday, Feb. 19 after founder Justin Sun’s address was shown to have voted in two Tron Foundation apps as a Super Representative (SR). Both Tron-Ace and Tron-Bet were voted in as Super Representatives by the Zion address, the same account which received 99 billion TRX from the…