Latest Updates
APY.Finance Raises $3.6 Million In Seed Funding To Develop Yield Farming Platform
- The company is said to be building a next-generation DeFi, which will allow users to onboard yield farming strategies in a risk/reward optimized way.
- APY.Finance is further planning to issue a native governance token, dubbed APY, to support decision making on the protocol.
Uniswap Launches UNI Token, Ethereum Gas Fees Hit All-Time High
- The launch happened after Uniswap's rivaling fork SushiSwap migrated more than $1.4 billion in funds from the original chain in the last two weeks.
- The allocation of the genesis UNI tokens caused the Ethereum network’s gas fees to skyrocket.
Key Insights From Chainalysis’ Eastern Europe Crypto Adoption Research
- Between July 2019 and June 2020, Ukrain and Russia managed to place first and second, respectively, on Chainalysis' Global Crypto Adoption Index.
- During the same period, 1.4% of all crypto transactions in Eastern Europe were connected with illicit activity, the second highest rate after Latin America.
Kraken Receives Approval To Create a U.S. Bank
- Kraken has now become the first SPDI bank in Wyoming to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.
- SPDI banks have no legal ownership of the assets it's holding, meaning in the event of a bankruptcy, all funds need to be returned to its clients.
Report: India Plans To Ban Cryptocurrency Trades
- The ban will affect a lot of locally-operating companies, as well as a large number of citizens interested in trading cryptocurrencies.
- The government is supposedly adding the new regulations in order to prevent Indians from risking their savings amid the economic slowdown.
Yam Finance Is Ready To Launch, Again
- Starting 18 September, users will finally be able to swap their YAMv2 to YAMv3 on a 1:1 basis, with no deadline.
- This time the protocol will be released after it underwent a full audit, conducted by blockchain security and data analytics company PeckShield.
SKALE Concludes Token Sale With 3,736 Buyers Across 90 Countries
- The sale aimed to gather the most number of participants in order to secure SKALE’s network.
- The Phase 2 platform is said to provide customers with access to fast and secure chains, with significantly lower gas fees.
DeFi Pulse, Set Labs Partner On New DeFi Index
- Thanks to the new index product, users will no longer have to go through different exchanges in order to acquire their DeFi assets.
- The index will initially be available on Set Labs' own platform TokenSet, as well as on Uniswap, Zapper, Argent, Dharma and others.
IDC Forecasts Worldwide Spending On Blockchain To Reach $4.1 Billion In 2020
- Worldwide spending on blockchain is said to increase with a growth rate of over 40% in all major industries.
- As the COVID-19 crisis forced many corporations to adopt emerging technology, the benefits of blockchain have started to attract significant interest.
Centre Consortium Makes Algorand An Official Blockchain For USDC
- Algorand’s blockchain is said to bring significant improvements in terms of transaction scaling and speed to the USDC market.
- Circle’s APIs will aid developers in scaling their dapps on Algorand, enabling access to new powerful tools for building customer financial applications.
Société Générale Partners With Paxos To Begin Settling U.S. Securities Trades
- Paxos is looking for major early adopters that share their long-term vision and want to use their services to increase efficiency in equity trade settlements.
- In the future, the company is expected to expand its services and introduce a scaled solution, which will deliver additional benefits to users.
- Paxos is looking for major early adopters that share their long-term vision and want to use their services to increase efficiency in equity trade settlements.
- In the future, the company is expected to expand its services and introduce a scaled solution, which will deliver additional benefits to users.
Editors' Picks
When Socialism Destroys a Country, Cryptocurrency Helps
- Socialist policies have destroyed Venezuela, despite the country having the largest oil reserve in the world.
- As hyperinflation made the Venezuelan Bolivar useless, troubled citizens turn to other currencies, including cryptocurrency, as a way to preserve their wealth.
The Full Story: Yam Finance’s Rise & Fall & Rise Again
- A bug in one line of code spoiled the launch of the DeFi project, bringing down the entire ecosystem after a stunning launch.
- Though many proclaimed the project dead, a two-phase migration plan is currently being put into action, resurrecting the protocol from the underworld.
US Postal Services File For Blockchain-Based Mail-In Voting Patent
- The USPS has proposed a number of different frameworks and concepts around its central idea of blockchain-based voting.
- The news follows recent comments from President Donald J. Trump concerning the funding of the mail service.
Coinbase Now Offers Bitcoin-Backed Loans To US Customers
- The feature was added after users of the exchange expressed their desire for bitcoin-backed low-interest loans.
- Eligible customers from 17 states, including Alaska, Florida, and Texas, can now join a waitlist to receive early access later this year.
Electric Capital Raises $110 Million To Advance Blockchain Adoption
- The VC fund has partnered with various institutional investors to line up resources for the next wave of crypto entrepreneurs.
- The company will explore new opportunities in Layer 1 protocols, DeFi products and crypto-enabled marketplaces.
Chinese Police Arrest 27 Suspects Allegedly Behind PlusToken’s $5.7 Billion Bitcoin Scam
- This is the first time that Chinese police act to bring down a large-scale Ponzi scheme using BTC as a means of exchange.
- Investigators have so far uncovered 109 alleged leaders and core members, operating from countries all over the world.
Steve Wozniak Sues YouTube Over Bitcoin Scams
- Woz accuses YouTube of using his name and likeness to profit from bitcoin scams.
- He filed a complaint, claiming that the company has violated his right of publicity and aided fraudulent activities on the platform.
Opinion
The Crypto Market Is Preparing For Ethereum 2.0
- Several delays and a couple years of flying under the radar have set up Ethereum's Beacon Chain as a catalyst to a possible crypto market renaissance.
- Phase 0 launch is just around the corner and the market is preparing for the expected increase in demand for ETH.
Can Cryptocurrency & Blockchain Really Change The Global Economy?
- The robustness of trustless DeFi could be the improvement current financial systems need.
- With global change on the horizon, cryptocurrency could be at a turning point.
Is DeFi Sustainable?
- Although speculation largely drives DeFi at the moment, there is much more potential there to be extracted.
- Leading countries are already experimenting with concepts such as CBDC.
Opinion: Why The Brave Affiliate Link Antics Matter More Than You Think
- Brave replaced some URLs typed in the browser with affiliate links due to a setting that used to be enabled by default.
- The setting provides no indication that it has anything to do with affiliate links.
Follow This One Rule To Avoid Being Scammed
- Scammers' revenue has grown from "just" $400 million in 2017 to more than $4 billion in 2019.
- Following this one rule will help you identify the overwhelming majority of crypto schemes that many are still falling prey to.
It Would Have Been So Much Easier To Distribute The COVID-19 Stimulus Package With CBDC
- Sending cheques by mail poses a multitude of problems, including lost cheques and wrong addresses.
- If there was a central bank digital currency in place, the distribution process could have been so much simpler, as simple as executing a process in a simple UI.
Can Bitcoin be Used as a Central Bank Digital Currency?
- As unlikely as it might be, we took a look at bitcoin being used as a central bank digital currency.
- We listed the pros and cons, as well as the necessary evolution bitcoin would have to go through in order to be used as a CBDC.
In Other News
INX Exchange Can Now Accept Cryptocurrency To Finish Its $117 Million IPO
- The firm has now cleared the first bar to its $117 million security token IPO by raising $7.5 million in dollars only.
- Starting on 14 September, retail and institutional investors will have the choice of buying INX tokens using BTC, ETH, and USDC.
Linear Finance Raises $1.8 Million In Seed Funding
- Various key strategic investors such as BGC Ventures, Alameda Research, and Hashed will aid Linear in its pursue of growth.
- Tony Gu, NGC founding partner, and Ryan Kim, Hashed co-founder, are said to be joining Linear’s advisory board.
Access To Coinbase, MercaDolar Reportedly Blocked In Venezuela
- It remains unknown why ISPs in the country decided to add these particular platforms to a DNS blacklist.
- The last time Venezuela restricted access to cryptocurrency exchanges, the government was targeting platform that exchanged the local currency for alternative assets.
Mastercard Launches CBDC Testing Platform
- The platform is designed to mimic the issuance, distribution and exchange of CBDCs between banks, financial services companies and consumers.
- A recent survey has shown that, while 80% of national banks are entertaining the idea of CBDC, 40% have already moved to actual concept and experimentation.
Cred Joins Visa’s Fintech Fast Track Program
- The lending platform will leverage Visa’s Fast Track Program to scale more effectively and rapidly.
- Cred will now be able to freely send interest payments directly to bank accounts in the Visa network.
eToro Launches Universal Basic Income DeFi Project
- The non-profit initiative, called GoodDollar, aims to leverage DeFi in order to provide its users with a form of universal basic income.
- Though recently launched, the platform has already been used by 245 people, who claimed more than 180,000 G$ tokens, currently backed by dai.
MetaMask Launches On Android, iOS
- The Open Beta is now available for both iPhone and Android testflight users.
- The app will enable its clients to freely browse web3 and seamlessly interact with other blockchain-based applications from all around the world.
Quantstamp Identifies 10 Security Flaws In SushiSwap
- The rivaling one-week-old fork of Uniswap is in danger of losing validity due to issues causing disruptions to reward variables.
- Moreover, SushiSwap’s developer fund was found to be holding $27 million worth of unlocked SUSHI tokens that could be used to dump against LP tokens.
Vienna, Singapore Stock Exchanges Advance Institutional Crypto Adoption
- The Vienna Stock Exchange has become the third regulated market in the world to list BTC and ETH products.
- The Singapore Exchange, on the other hand, has revealed its plans to list price indexes for both Bitcoin and Ethereum, paving the way for adoption.
APY.Finance Raises $3.6 Million In Seed Funding To Develop Yield Farming Platform
- The company is said to be building a next-generation DeFi, which will allow users to onboard yield farming strategies in a risk/reward optimized way.
- APY.Finance is further planning to issue a native governance token, dubbed APY, to support decision making on the protocol.
Uniswap Launches UNI Token, Ethereum Gas Fees Hit All-Time High
- The launch happened after Uniswap's rivaling fork SushiSwap migrated more than $1.4 billion in funds from the original chain in the last two weeks.
- The allocation of the genesis UNI tokens caused the Ethereum network’s gas fees to skyrocket.
Key Insights From Chainalysis’ Eastern Europe Crypto Adoption Research
- Between July 2019 and June 2020, Ukrain and Russia managed to place first and second, respectively, on Chainalysis' Global Crypto Adoption Index.
- During the same period, 1.4% of all crypto transactions in Eastern Europe were connected with illicit activity, the second highest rate after Latin America.
Kraken Receives Approval To Create a U.S. Bank
- Kraken has now become the first SPDI bank in Wyoming to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.
- SPDI banks have no legal ownership of the assets it's holding, meaning in the event of a bankruptcy, all funds need to be returned to its clients.
APY.Finance Raises $3.6 Million In Seed Funding To Develop Yield Farming Platform
- The company is said to be building a next-generation DeFi, which will allow users to onboard yield farming strategies in a risk/reward optimized way.
- APY.Finance is further planning to issue a native governance token, dubbed APY, to support decision making on the protocol.
DeFi Pulse, Set Labs Partner On New DeFi Index
- Thanks to the new index product, users will no longer have to go through different exchanges in order to acquire their DeFi assets.
- The index will initially be available on Set Labs' own platform TokenSet, as well as on Uniswap, Zapper, Argent, Dharma and others.
IDC Forecasts Worldwide Spending On Blockchain To Reach $4.1 Billion In 2020
- Worldwide spending on blockchain is said to increase with a growth rate of over 40% in all major industries.
- As the COVID-19 crisis forced many corporations to adopt emerging technology, the benefits of blockchain have started to attract significant interest.
Société Générale Partners With Paxos To Begin Settling U.S. Securities Trades
- Paxos is looking for major early adopters that share their long-term vision and want to use their services to increase efficiency in equity trade settlements.
- In the future, the company is expected to expand its services and introduce a scaled solution, which will deliver additional benefits to users.
INX Exchange Can Now Accept Cryptocurrency To Finish Its $117 Million IPO
- The firm has now cleared the first bar to its $117 million security token IPO by raising $7.5 million in dollars only.
- Starting on 14 September, retail and institutional investors will have the choice of buying INX tokens using BTC, ETH, and USDC.
Kraken Receives Approval To Create a U.S. Bank
- Kraken has now become the first SPDI bank in Wyoming to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.
- SPDI banks have no legal ownership of the assets it's holding, meaning in the event of a bankruptcy, all funds need to be returned to its clients.
Report: India Plans To Ban Cryptocurrency Trades
- The ban will affect a lot of locally-operating companies, as well as a large number of citizens interested in trading cryptocurrencies.
- The government is supposedly adding the new regulations in order to prevent Indians from risking their savings amid the economic slowdown.
Access To Coinbase, MercaDolar Reportedly Blocked In Venezuela
- It remains unknown why ISPs in the country decided to add these particular platforms to a DNS blacklist.
- The last time Venezuela restricted access to cryptocurrency exchanges, the government was targeting platform that exchanged the local currency for alternative assets.
US Postal Services File For Blockchain-Based Mail-In Voting Patent
- The USPS has proposed a number of different frameworks and concepts around its central idea of blockchain-based voting.
- The news follows recent comments from President Donald J. Trump concerning the funding of the mail service.
Mastercard Launches CBDC Testing Platform
- The platform is designed to mimic the issuance, distribution and exchange of CBDCs between banks, financial services companies and consumers.
- A recent survey has shown that, while 80% of national banks are entertaining the idea of CBDC, 40% have already moved to actual concept and experimentation.
MetaMask Launches On Android, iOS
- The Open Beta is now available for both iPhone and Android testflight users.
- The app will enable its clients to freely browse web3 and seamlessly interact with other blockchain-based applications from all around the world.
Bank Of Korea Turns To Private Sector For CBDC Consulting
- The bank has been accelerating the development of its CBDC this year, and is now looking to hire a private firm to help with the architecture of the project.
- While the country remains skeptical about the need of a digital won, it is still planing to have a CBDC pilot up and running by late 2021.
Read More
NEWS
APY.Finance Raises $3.6 Million In Seed Funding To Develop Yield Farming Platform
- The company is said to be building a next-generation DeFi, which will allow users to onboard yield farming strategies in a risk/reward optimized way.
- APY.Finance is further planning to issue a native governance token, dubbed APY, to support decision making on the protocol.
DeFi Pulse, Set Labs Partner On New DeFi Index
- Thanks to the new index product, users will no longer have to go through different exchanges in order to acquire their DeFi assets.
- The index will initially be available on Set Labs' own platform TokenSet, as well as on Uniswap, Zapper, Argent, Dharma and others.
IDC Forecasts Worldwide Spending On Blockchain To Reach $4.1 Billion In 2020
- Worldwide spending on blockchain is said to increase with a growth rate of over 40% in all major industries.
- As the COVID-19 crisis forced many corporations to adopt emerging technology, the benefits of blockchain have started to attract significant interest.
Kraken Receives Approval To Create a U.S. Bank
- Kraken has now become the first SPDI bank in Wyoming to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.
- SPDI banks have no legal ownership of the assets it's holding, meaning in the event of a bankruptcy, all funds need to be returned to its clients.
Quantstamp Identifies 10 Security Flaws In SushiSwap
- The rivaling one-week-old fork of Uniswap is in danger of losing validity due to issues causing disruptions to reward variables.
- Moreover, SushiSwap’s developer fund was found to be holding $27 million worth of unlocked SUSHI tokens that could be used to dump against LP tokens.
BitMax Overtakes Binance, Becomes Most Profitable IEO Platform Amid Altcoins Bull Market
- Throughout the last 2 months, STAKE grew from $1 to $20, while DOS reached 40 times its IEO price.
- Those massive increases in value ensured BitMax's top spot as the most profitable IEO platform.
Kraken Receives Approval To Create a U.S. Bank
- Kraken has now become the first SPDI bank in Wyoming to provide comprehensive deposit-taking, custody and fiduciary services for digital assets.
- SPDI banks have no legal ownership of the assets it's holding, meaning in the event of a bankruptcy, all funds need to be returned to its clients.
Report: India Plans To Ban Cryptocurrency Trades
- The ban will affect a lot of locally-operating companies, as well as a large number of citizens interested in trading cryptocurrencies.
- The government is supposedly adding the new regulations in order to prevent Indians from risking their savings amid the economic slowdown.
Access To Coinbase, MercaDolar Reportedly Blocked In Venezuela
- It remains unknown why ISPs in the country decided to add these particular platforms to a DNS blacklist.
- The last time Venezuela restricted access to cryptocurrency exchanges, the government was targeting platform that exchanged the local currency for alternative assets.
Report: Korean Police Seize Largest Local Crypto Exchange Bithumb
- The exchange reportedly pre-sold BXA tokens worth around $25 million without listing the token afterwards.
- The assets were issued concerning the acquisition of Bithumb by BK Group, which, after prolonged negotiations earlier this year, withdrew from the deal.
Tezos’ 3 Year Lawsuit Ends In $25M Settlement
- The judge in the case has noted that the agreement was "fair, reasonable, and adequate".
- One third of the settlement, $8.5 million, will go towards attorney fees, which leaves $16.5 million for the participants in the ICO.
Binance Helps Ukraine Take Down Crypto Laundering Group
- The exchange started assisting the Ukrainian Cyber Police in early 2020, under its "Bulletproof Exchangers" project.
- The investigation was mainly conducted by the exchange's internal risk intelligence unit, Binance Sentry, and analytics firm TRM Labs.
Top Korean Exchange Seized After Allegations Of Wash Trading
- The Seoul Metropolitan Police has estimated that Coinbit netted around 100 billion won ($84 million) through wash trading.
- The investigation alleges that the exchange faked up to 99% of its trading volume between August 2019 and May 2020.
Hacker Group Attacking Blockchain Firms Through LinkedIn
- The group used fake job postings on the social network to enable the scheme.
- The job offers would contain a document that would execute malicious code when opened, implanting malware and extracting crypto-related information.
7 Investment, Crypto-Related Websites Blacklisted by Cyprus SEC
- According to the CySEC memo, none of the seven blacklisted companies had been granted approval for providing investment services in the country.
- One of the websites went as far as to promote its ability to double a person's BTC in 60 seconds .
Mastercard Launches CBDC Testing Platform
- The platform is designed to mimic the issuance, distribution and exchange of CBDCs between banks, financial services companies and consumers.
- A recent survey has shown that, while 80% of national banks are entertaining the idea of CBDC, 40% have already moved to actual concept and experimentation.
MetaMask Launches On Android, iOS
- The Open Beta is now available for both iPhone and Android testflight users.
- The app will enable its clients to freely browse web3 and seamlessly interact with other blockchain-based applications from all around the world.
Bank Of Korea Turns To Private Sector For CBDC Consulting
- The bank has been accelerating the development of its CBDC this year, and is now looking to hire a private firm to help with the architecture of the project.
- While the country remains skeptical about the need of a digital won, it is still planing to have a CBDC pilot up and running by late 2021.
Centre Consortium Makes Algorand An Official Blockchain For USDC
- Algorand’s blockchain is said to bring significant improvements in terms of transaction scaling and speed to the USDC market.
- Circle’s APIs will aid developers in scaling their dapps on Algorand, enabling access to new powerful tools for building customer financial applications.
BCB Group Partners With Circle To Offer Stablecoin Payments
- BCB's partnership with Circle will allow the group to improve its infrastructure for efficient USDC payouts and settlements.
- The partnership was also spurred by a growing demand for dollar-pegged stablecoins.
DAI Holders Can Now Earn 2% Interest On Coinbase
- Coinbase's new rewards program applies to customers residing in the U.S., U.K., the Netherlands, Spain, France and Australia.
- The exchange already offers similar programs for the USD Coin (0.15% APY) and the Tezos tokens (5% APY).
Grayscale’s BCH, LTC Trusts Now Available
- Both trusts' shares, available under the BCHG and LTCN tickers, became available for public trading after receiving DTC eligibility.
- Unlike Grayscale's BTC trust, the BCH and LTC trusts are not registered with the Securities and Exchange Commission.
Grayscale’s SEC-Registered BTC Trust Almost Doubled In 6 Months
- The dollar value of Grayscale's BTC trust has increased from $1.87 billion at the end of 2019, to $3.5 billion at the end of Q2 2020.
- Being the first cryptocurrency investment vehicle to be registered with the SEC, Grayscale is required to file annual reports with the regulator.
Report: Hacking Operation Controlled 24% Of Tor Exit Relays
- The hackers focused primarily on mixer services and other cryptocurrency-related websites.
- At present, their reach has been reduced to only 10%, but a full solution is yet to be implemented.
Uniswap Raises $11 Million In Series A To Build Uniswap V3
- All the funds will be directed towards expanding the development team and the creation of a new design.
- The v2 of the platform improves user experience and extends some of the core features, reducing costs and presenting traders with more flexibility.
The Crypto Market Is Preparing For Ethereum 2.0
- Several delays and a couple years of flying under the radar have set up Ethereum's Beacon Chain as a catalyst to a possible crypto market renaissance.
- Phase 0 launch is just around the corner and the market is preparing for the expected increase in demand for ETH.
Developers Release Info About The Final Ethereum 2.0 Pre-Launch Testnet
- The developer team behind Ethereum 2.0 released detailed specification of the last pre-launch version of the network.
- They also shared attacknets guidelines for stress testing the network, with bounties of up to $5,000.
Santander Adds New Regions To Payments App In Collaboration With Ripple
- Built by Santander and Ripple, the One Pay FX international payments app is now available in 19 additional regions.
- The bank also enhanced its Ripple-powered payments system to allow instant transactions.
New Lawsuit Alleges XRP Sale Violated Security Laws
- The new allegations are coming from the same firm which unsuccessfully tried to sue crypto derivatives exchange FTX for $150 million in November 2019.
- The company, Bitcoin Manipulation Abatement, is looking to "recover damages" and obtain "compensatory damages".
TPBank To Provide Transparent Transactions Between Vietnam & The World Using RippleNet
- Via the new remittance services a transaction between two countries can be settled in minutes.
- Using RippleNet, TPBank plans to open new cross-border transaction corridors and eventually grow their operations into other countries.
The Scheduled Bitcoin Cash Network Upgrade Is Complete
- Bitcoin Cash's planned network upgrade went without hiccups or attacks on the network.
- Three new features have been added, enhancing user experience and development capabilities alike.
Bitcoin ABC, Jiang Zhuoer Determined to Implement a Mining Tax on Bitcoin Cash
- Major ecosystem participants, including former supporters of the proposal, have publi