Macrina Kgil, chief financial officer of crypto wallet provider and exchange Blockchain.com, said an initial public offering for the platform could happen as early as 2023. In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an initial public offering in 18 months or more. The company had a $5.2 billion valuation following …
Yearly archives: 2021
Recommending regulations: Crypto working groups make push for adoption
Although the cryptocurrency sector may still be considered the “Wild West” by some governments and regulators, continued adoption and emerging use cases show that digital currencies are here to stay. Some even argue that blockchain-based networks and decentralized finance, or DeFi, platforms may soon replace traditional financial systems. Yet despite ongoing progress, the crypto industry …
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DeFi tool Cream Finance hit for over $18 million. Suffers second hack in six months
Decentralized finance (DeFi) lending protocol Cream Finance has announced it lost millions worth of Amp token (AMP) and Ethereum (ETH) in a recent flash loan attack. The attack is being investigated by a blockchain security company PeckShield that discovered the exploited vulnerability and continues monitoring the flagged address. No other markets affected “C.R.E.A.M. v1 market …
US: SEC quietly signs deal to spy on crypto DeFi transactions
The US Securities and Exchange Commission (SEC), an American agency that overlooks securities markets, has contracted one blockchain analytics firm to help monitor and regulate the burgeoning decentralized finance (DeFi) industry, as per a weekend report on Forbes. Spying on transactions Signed with AnChain.AI, the initial value of the contract is $125,000, with five separate …
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Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales
The latest research from crypto analytics company Nansen analyzed the flow of ether (ETH) that has come into the NFT market to determine whether it had any effect on ETH’s price. Nansen’s report analyzed both the primary and the secondary market for NFTs, following where the money projects receive from NFT sales goes. After following …
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Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig …
South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as he prefers to call them, are not currencies because they fail to meet the standard of what constitutes a currency. Crypto and the Currency Test …
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Cryptowisser : Bitcoin and Ethereum Synergy Essential for Crypto Industry Growth
press release PRESS RELEASE. August 2021, leading Crypto service comparison site – Cryptowisser, compares the two cornerstones of cryptocurrency, Bitcoin and Ethereum. The latest analysis of the market focused on the pioneering cryptocurrencies Bitcoin and Ethereum. But, differing from the usual Bitcoin vs Ethereum analysis, the focus is on the benefits of both and how …
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BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto Derivatives
On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing regulatory outlook on cryptocurrency derivatives.” Defi Project Detoken to Shut Down Operations …
Bitcoin in a Supercycle? Analyst Will Clemente Says Long-Term BTC Holders Changing Market Structure
Popular on-chain analyst Will Clemente says that a Bitcoin supercycle is in the cards as long-term BTC holders are changing the market structure of the leading cryptocurrency. Clemente tells his 205,900 Twitter followers that the illiquid supply ratio, a metric that tracks the number of illiquid coins relative to overall BTC supply, has been in …
Cardano Foundation Offers Up to $10,000 in Rewards for Hackers Who Find ADA Vulnerabilities
The Cardano Foundation is launching a ‘Bug Bounty’ program that offers hackers rewards for finding any weaknesses in the smart contract platform’s blockchain. In a blog post, the Swiss-based, Cardano-focused non-profit says that they’re teaming up with HackerOne, a vulnerability management firm that uses hackers to expose cyber security flaws. ADVERTISEMENT “Over the coming …
Ripple May Have To Wait Before Settling SEC Lawsuit, According to Legal Expert Jeremy Hogan – Here’s Why
Attorney and crypto legal expert Jeremy Hogan says Ripple may have to wait a few months before trying to settle their lawsuit with the U.S. Securities and Exchange Commission (SEC) The SEC sued Ripple late last year for allegedly selling XRP as a security. In a new video, Hogan notes that the lawsuit’s discovery phase …
Billionaire investor John Paulson says crypto has ‘no intrinsic value’
Speaking in a recent interview, subprime short investor and billionaire portfolio manager John Paulson criticized the volatile nature of digital assets, while advocating for investments in traditional safe-havens such as gold. The co-founder of Paulson & Co, a New York-based firm launched in 1994, Paulson was a historic beneficiary from the U.S. housing financial market collapse …
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Corporate brands target NFTs and adoption continues to skyrocket
The nonfungible token (NFT) space is arguably one of the most popular aspects of crypto and blockchain technology. Indeed, NFTs are often the topic of conversation, garnering significant interest both from inside and outside the industry. Such is the growing appeal of NFTs outside the crypto space that major brands like Visa and Budweiser are …
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Leading DeFi projects launch $100M global adoption initiative
A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.” The DeFi applications involved in the project — AAVE, SushiSwap, Curve, 0x and PoolTogether, amongst others — will together provide up to $100 million in educational initiatives, grants, and incentives in an effort …
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