Input Output Hong Kong (IOHK) is teaming up with Chainlink (LINK) to advance the development of smart contracts for decentralized finance (DeFi) applications on Cardano. One goal of the collaboration is to help developers integrate real-world data, such as stock and crypto market price feeds, directly into Cardano (ADA) applications, according to a blog post …
Monthly archives: September 2021
Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K
Last week’s drop in Bitcoin (BTC) that saw BTC price falling from $47,358 to $43,178 has sparked fears of an extended selloff. Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin’s weekly charts concerning its 21-week exponential moving average (EMA). In detail, the cryptocurrency has closed below the said support zone 18 times to date but …
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ETH developer pleads guilty for conspiracy to violate sanctions laws
Ethereum (ETH) developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law. On Monday, Griffith pleaded guilty in New York for conspiring to violate the International Emergency Economic Powers Act, which forbids U.S. citizens from exporting technology and intellectual property to communist countries. …
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Crypto baffles mainstream media, but should blockchain advocates care?
The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years. MSM has largely ignored Bitcoin (BTC) and other cryptocurrencies outside of occasional reports of hacks, ransomware attacks and other illicit activities. “They’ve …
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Small business advocacy group recommends US congress ‘clarify the status of digital assets’
The U.S. Securities and Exchange Commission, or SEC, has delivered a report to Congress containing recommendations from small businesses seeking regulatory clarification on the role of digital assets. In a Sept. 27 announcement, the SEC’s Office of the Advocate for Small Business Capital Formation reported on recommendations from the commission’s 40th Annual Small Business Forum …
US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America
Senator Pat Toomey of Pennsylvania said that China’s authoritarian crackdown on crypto should be taken as an advantage by the US. To seize the opportunity, the US regulators need to change their “regulation-by-enforcement” ways, according to the Banking Committee Ranking Member, Toomey, who recently pressured the Securities and Exchange Commission (SEC) Chairman Gary Gensler to …
Bitfinex fat-fingers $23 million fee for a $100k transfer on Ethereum
Bitfinex fat-fingers $23 million fee for a $100k transfer on Ethereum | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitfinex › Exchanges Bitfinex carried out the transaction using the newly implemented EIP-1559 upgrade that was designed to push the gas fees of the network …
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MDEX: A strong contender in the DEX race
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › As the global crypto demand ramps up amidst increasing popularity, the need for exchanges has concurrently risen. This has led to the entry of many new crypto exchange platforms into the mix. In the …
‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown
It is no longer news that China has declared all crypto-related trading illegal within its jurisdiction. However, Binance, the largest crypto exchange in the world by trading volume, has come out to say that the firm has had no business in the Asian country for a while now. Binance has no business in China According …
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Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty and accepted a plea deal with up to six and …
Crypto Exchange Binance Ends Some Services in Singapore to Comply With Regulation
Binance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote: With effect from …
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US Government Seizes Trezor Wallet With $6.3 Million in Bitcoin From Gift Card Fraud Case
On September 22, 2021, a U.S. district judge from San Antonio, Texas, granted a summary judgment on the civil forfeiture of 147 bitcoin worth $6.3 million held on a Trezor hardware wallet. According to the court filing, the crypto assets stemmed from a Target gift card fraud incident that started in 2016. Gift Card Fraud …
Cryptowisser: Then, Now and What’s Next for NFTs
sponsored Non-Fungible Tokens (NFTs) have been around for some time now, with what is recognized as the first-ever NFT “Quantum” created back in 2014. Since then, the industry has evolved and grown into what you see today; a flourishing and wholly absorbing market built on the Ethereum blockchain, offering a mixture of scarcity and provability, …
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US House of Representatives to Vote on Infrastructure Bill this Week
The controversial infrastructure bill that was highly debated by the crypto community will go to the US House of Representatives this week. The bipartisan infrastructure bill proposed by the Biden administration will be voted upon on September 30. Pelosi Optimistic that Bill will Pass Nancy Pelosi, the speaker of the House of Representatives, has given …
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Derivatives Volumes at DEX Exchange, dYdX, Surpass Coinbase’s Spot Market Volumes
dYdX, a decentralized derivatives exchange, has reported a rise in trading volumes amidst the FUD caused by China’s crackdown on cryptocurrencies. For the first time, the decentralized exchange has surpassed Coinbase’s spot markets volumes. Data from Coingecko shows that dYdX derivatives trading volumes in the past 24 hours have reached $5.9 billion, which is significantly …
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