A prominent crypto analyst and trader who called the Bitcoin crash in May says that BTC could be on the verge of entering the next phase of its bear market. The pseudonymous crypto strategist, known in the industry as Dave the Wave, tells his 71,900 Twitter followers that he sees a significant Bitcoin correction on …
Yearly archives: 2021
Former US Treasury official joins Binance to lead AML efforts
Former United States Treasury Criminal Investigator Greg Monahan joined major cryptocurrency exchange Binance to oversee the company’s international Anti-Money Laundering (AML) efforts, the exchange announced on Aug. 18. Before replacing Karen Leong as the global money laundering reporting officer at Binance, Monahan worked for the U.S. Treasury for almost 20 years as a member of …
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Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index
Vietnam, India and Pakistan are leading the world in terms of cryptocurrency adoption, underscoring the resilience of peer-to-peer monetary systems in emerging economies. Chainalysis’ 2021 Global Crypto Adoption Index evaluated 154 countries based on three key metrics: on-chain cryptocurrency value received, on-chain retail value transferred and peer-to-peer exchange trade volume. Each metric was weighted by …
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People’s Bank of China in Shenzhen ‘cleans up’ illegal crypto firms
The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has recently “cleaned up and rectified” 11 new companies suspected of engaging in illicit crypto trading. The report did not disclose the companies’ names …
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Staking will eat blockchain for breakfast — Here’s why
In early July, JPMorgan released a report in which two of the bank’s analysts projected that the staking industry would be worth $40 billion in rewards by 2025. The report anticipates that once the Ethereum 2.0 network completes its transition from proof-of-work (PoW) to proof-of-stake (PoS,) payouts will more than double, up to $20 million …
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Critical vulnerability found in SushiSwap put $350 million at risk
A critical vulnerability found on decentralized exchange platform SushiSwap put over $350 million at risk before it was patched by developers last night, a report this morning showed. It was discovered by ‘samczsun,’ a pseudonymous security researcher at Paradigm, who quickly informed Sushi developers about the bug and helped mitigate any potential harm. Auditor’s logs, …
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Ethereum (ETH), Cardano (ADA) are crowd favorite cryptos in Singapore
Ethereum, Bitcoin, and Cardano are the most invested in cryptocurrencies in Singapore, a recent survey by crypto exchange Gemini on the crypto investing behavior among adults in Singapore found. The survey sampled responses from over 4,300 adults, of which 67% held crypto, 79% of crypto holders being men, and 80.2% of such holders being under …
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Bitpanda Raises $263 Million in Series C Finance Round, Firm Aims to ‘Double Down on Technology’
Vienna-based crypto platform Bitpanda has announced the firm has secured $263 million in a Series C funding round. The financing was led by Valar Ventures and Leadblock Partners, Jump Capital, Alan Howard, and Redo Ventures joined the investment round. The latest financing gives Bitpanda an overall valuation of $4.1 billion. Crypto Unicorn Bitpanda Is Now …
Venezuelan Authorities Reconnect Affected Bitcoin Miners to Power Grid
Venezuelan authorities have reconnected affected bitcoin miners to the power grid in Carabobo state, after having been disconnected for undisclosed causes. Sunacrip, the cryptocurrency watchdog in the country, mediated between the regional power utility authorities and the affected miners, and managed to exert pressure to reconnect these miners, who were disconnected last week. Venezuelan Bitcoin …
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Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure unsuspecting Kenyans. Unrealistic Promises According to a CMA statement issued on August 12, Fxbitinvest is offering prospective …
Young South African Engineer Rues Deleting Computer File Containing Keys to 20 BTC
A young South African electronics engineer has rued his decision to delete a text document containing the keys and password to a crypto wallet that held some 20 bitcoins. According to the engineer, the lost coins had been mined more than ten years ago using a modified personal computer that “boasted an AMD Phenom X3 …
The HUMAN App Delivers Real-World Utility to HMT and the HUMAN Ecosystem
HUMAN Protocol has launched on the Ethereum Mainnet. To complement this launch – which also involved the listing of HMT (the native token of HUMAN Protocol) on FTX and Gate.io on the 10th of August – the HUMAN Protocol Foundation has now released the HUMAN App: the first opportunity for people to earn HMT directly …
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Nifty News: John Cena collectibles, rum tokens, SuperRare 2.0, and more…
World Wrestling Entertainment (WWE) announced on Aug. 16 that it will be dropping nonfungible tokens (NFTs) depicting WWE Hall of Famer John Cena. Last week the beloved wrestling organization dropped its first NFT collection featuring The Undertaker, with the highest-selling NFT going for $100,000 through auction. The latest NFT release will see the first tier …
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Bitcoin ‘will remind everyone who the king is’ says trader as BTC dips to $44K
Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the …
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Vitalik thinks token-based decentralized governance is holding DeFi back
Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential. In a lengthy blog post published Aug. 16, Buterin stated the crypto community needs to “move beyond coin voting as it exists …
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