US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss

An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBC TV18 reported on the framework on Dec. 6.The article cites an unnamed source as noting that “the panel has categorically said that all such currencies…

The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem, with several lending protocols rushing to minimize their exposure. 270 Total views 6 Total shares Abracadabra Money, a cross-chain lending platform, has proposed increasing the interest rate on its outstanding loans to manage risks associated with its exposure to Curve DAO (CRV). The proposal…

MicroStrategy added almost 9,000 Bitcoin to its holdings in Q3, bringing its total BTC stash to a valuation of around $7 billion. The company highlighted the purchase of 8,957 BTC in its Q3 report on Oct. 28, with the firm’s perma-bull CEO Michael Saylor stating that there is more BTC accumulation to come:“Today, MicroStrategy is…

Malta-based cryptocurrency exchange OKEx has launched Bitcoin (BTC) options trading for a select group of traders ahead of a public launch in January 2020.In a press release shared with Cointelegraph on Dec. 26, the exchange — currently ranked third-largest by daily trading volume globally — has indicated that the new contract will be settled daily…

Thodex has gone silent since announcing a halt in trading and withdrawals. 2478 Total views 17 Total shares Major Turkish cryptocurrency exchange Thodex has abruptly halted trading and withdrawals amid reports of police raids, Cointelegraph Turkey reported on Thursday.Thodex posted an official announcement on Twitter on Thursday, informing users that it has halted transactions for a…

The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours. 917 Total views 28 Total shares Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture.As of this writing, the campaign has raised over $10.7…

A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers.On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing the “special responsibility” of workers within a “critical infrastructure industry” to maintain normal working schedules amid the intensifying…

Positive reactions to a $1.9 trillion stimulus package combine to squash Bitcoin's bullish sentiment. 1302 Total views 7 Total shares Bitcoin (BTC) fell below $35,000 on Jan. 15 as renewed strength in the U.S. dollar piled pressure on the largest cryptocurrency. BTC bounced off support at $34,300 and is trading at $35,300 at the time…

Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies. 491 Total views 36 Total shares After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain…