Cryptocurrency

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).
Brian Armstrong, co-founder and CEO of Coinbase. Steve Jennings/Getty Images for TechCrunch

  • 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).
Illustration from Freepik

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.
Illustration from Freepik

Fireblocks Launches New Deposit Acceleration Program On FTX

  • Zero-confirmation asset transfers will now be available to FTX users.
  • Traders using exchanges onboarded to the program will be able to execute immediate transactions to escape the volatility of crypto markets.
Elliptic founder and CTO James Smith. CoinDesk

Elliptic To Provide Crypto Surveillance Tools To LocalBitcoins

  • The peer-to-peer exchange will now make use of Elliptic's Navigator risk analysis and Lens wallet screening tools.
  • With these new tools, the exchange is trying to get rid of its reputation as one of the top destinations for dirty Bitcoin.

Revolut Adds Support For Stellar Lumens

  • XLM is now available for trade on the platform along with six other major cryptocurrencies.
  • Starting July 27, Revolut users will have full legal ownership of their digital assets.

Chainalysis Launches New Data & Insights Portal For Cryptocurrency Markets

  • Market Intel's beta is now live and can be accessed for free, with metrics and insights across some of the major cryptocurrencies.
  • The product is also powered by Chainalysis’ proprietary data, an established and trusted crypto dataset used by many financial institutions.

Celsius Closes Equity Funding Round With Over $18.8 Million Raised

  • The blockchain-based financial services company completed their first equity round after previously raising $10 million from Tether.
  • The company has vowed to give back 80% of all earned crypto interest in the future back to the community.

Crypto Custodian Anchorage Adds Litecoin Support

  • Litecoin has become the 27th digital asset available for storage and trading on Anchorage's platform.
  • By listing the asset, Anchorage will meet the needs of a "sizable group" of institutional investors interested in Litecoin.

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.

Bitcoin Suisse Completes Series A Funding, Raises $48 Million

  • The swiss crypto operator also added two new members to the Board of Directors.
  • Moreover, the company’s Chief Executive also announced an upcoming Security Token Offering.

Users Can Now Purchase Crypto Directly From Opera

  • Opera users in the U.K. can now purchase cryptocurrencies directly with their bank accounts, or through banking app Revolut.
  • The Norwegian browser company also revealed its crypto wallet usage numbers, claiming it has over 170,000 monthly active users.

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.

20% Tax On Crypto Proposed In Korea

  • If approved, crypto trading profits above 2.5 million KRW (~$2,000) will be taxed at 20% starting October 2021.
  • Non-residents and foreign corporations that trade on South Korean exchanges will also be taxed.

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.