Leading U.S. exchange by trade volume, Coinbase, has revealed plans to add half a billion dollars worth of crypto to its balance sheet. Coinbase CEO, Brian Armstrong, announced that the company’s board had approved the crypto spending spree in an August 20 tweet, adding that Coinbase also plans to invest 10% of all profits generated …
Monthly archives: August 2021
Vitalik Buterin: Ethereum (ETH) scalability has increased by a factor of 5
Talking to Bloomberg, Vitalik Buterin spoke openly about various aspects of Ethereum, including perhaps the most challenging issue it faces to date, scalability. The Ethereum ecosystem features the most dApps and has the highest total value locked in native DeFi protocols. However, some say it has become the victim of its own success, as evidenced …
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How the Shiba Inu frenzy meant big growth for Robinhood
Crypto transactions accounted for more than 41% of Robinhood’s total revenue in the second quarter, compared to 17% for the first three months of 2021, revealed the investing platform’s first earnings report since its recent stock market debut. Crypto accounted for $233 million, roughly 51%, of Robinhood’s $451 million transaction-based revenue that increased 141% in …
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$100M funding round for Binance.us falls through on regulatory concerns
Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round. The failed funding round also prompted Binance.us CEO Brian Brooks’ surprise decision to step down after serving as its executive for just three months. Brooks, the former Acting Comptroller of the Currency and former …
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SEC boss says DeFi platforms are ‘highly centralized’ and will need to register
Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19, Gensler suggested that the decentralized notions implied by the term DeFi were “a bit of …
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Bullish cup and handle pattern sets Cardano (ADA) price up for a new ATH
Smart contracts have been a revolutionary force in the blockchain industry because they have enabled the creation of decentralized finance protocols, nonfungible tokens and a new form of carrying out transactions without the need of a middleman. Cardano (ADA) is one of the many projects that has been gaining momentum throughout 2021 and now that …
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Ethereum Creator Vitalik Buterin Joins Advisory Board of Revamped Dogecoin Foundation
Ethereum creator Vitalik Buterin is joining the advisory board of the Dogecoin Foundation, a non-profit organization that is relaunching to support the development of Dogecoin and its blockchain. The foundation is re-establishing as Dogecoin (DOGE) grows to become one of the largest cryptocurrencies with a market cap of over $39 billion. ADVERTISEMENT In a …
When Influencers and Crypto Meet: the Rise of the Tokenized Attention Economy
HodlX Guest Post Submit Your Post Starting in 2010, social-media influencers demonstrated how entrepreneurs could be born overnight by leveraging the reach enabled by YouTube, Instagram, and other online platforms. In many ways, these social-media mavens brought about the first wave of the internet’s democratization. Gone are the days when household-name celebrities were the only …
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Coinbase creates support phone line for account takeovers
Coinbase has announced a new support phone line for customers who believe their account has been compromised by outside actors. Users will be able to speak to a live support agent, who can kick off an investigation immediately. In an industry where support tickets and emails are the standard method of communication, Coinbase expects that …
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Canadian regulator alleges OKEx operator violated securities law
The Ontario Securities Commission claimed Aux Cayes FinTech Company Limited, a legal entity in the Republic of Seychelles that operates crypto exchange OKEx, has failed to comply with the province’s law governing securities. In an Aug. 18 notice, the Ontario Securities Commission, or OSC, alleged that Aux Cayes may have engaged in illegal activity and …
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Cardano bucks downtrend with 5% gains, but millions in ADA still lost in giveaway scams
Cardano is up 5% in the last 24-hours, to $2.09 at the time of writing, making it the biggest gainer in the top ten. At the same time, other large caps are struggling to break out of this week’s market dip, which coincided with Bitcoin’s rejection at $48,000. Indeed, the last seven days have seen …
Flavien Darius Pommier’s world of wines, models and NFTs
Flavien Darius Pommier is a winemaker who also happens to be an entrepreneur. It’s hard to know which came first but this twenty-six-year-old man has managed to lift his most ancient of crafts well into the 21st Century with well-traveled routes of celebrity endorsement coupled with bleeding-edge technology. It’s a powerful combination. The wines themselves …
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Prominent Crypto Trader Sees Bullish Continuation for Three Altcoins, Says Ethereum in Accumulation Phase
A popular crypto analyst and trader is calling for more bullish moves for three altcoins. In a new Twitter thread, the pseudonymous trader known as The Crypto Dog tells his 572,000 followers that Elrond (EGLD), which is up from around $100 to $150 in the past couple of weeks, is likely destined for bullish continuation. …
Bitcoin, Ethereum, Tron, XRP Worth $97,000,000 Looted in Massive Crypto Exchange Hack
Japanese cryptocurrency exchange Liquid Global just suffered a massive hack, losing control of tens of millions of dollars in top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and XRP. ADVERTISEMENT Blockchain analytics firm Elliptic is tracking the hack and tallying up the numbers. The firm says $97 million in cryptocurrency has been …
Man Says He Accidentally Deleted Keys to 20 Bitcoin Worth Nearly $900,000
A South African man who mined 20 Bitcoin (BTC) over ten years ago – when the flagship cryptocurrency was worth less than a penny – has lost it all, according to a report. Per the report by MyBroadband, the man pseudonymously named Mark Michaels acquired the 20 Bitcoin when he was in seventh grade. ADVERTISEMENT …
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