Polkadot-Based DeFi Network Surges by More Than 80% Amid the Launch of a New Notification Feature

A decentralized finance (DeFi) protocol based on the interoperable blockchain Polkadot (DOT) is skyrocketing after launching a new notification feature. According to a recent article penned by the project’s chief growth officer, the scalable smart contract platform Acala Network (ACA) is enabling push notifications for users and developers of its DeFi platform. Acala will implement …

Top US Crypto Exchange Coinbase Adds Three More Under-the-Radar Altcoins to Its Listing Roadmap

Top US-based crypto exchange platform Coinbase is adding three additional under-the-radar altcoins to its listing roadmap. Coinbase announces that Magic (MAGIC), Rocket Pool (RPL) and Aragon (ANT) are now on its roadmap. MAGIC is the token used to operate Treasure, a decentralized video game console. The 235th-ranked crypto asset by market cap is trading at …

The FTX collapse continues to unfold, BlockFi announces bankruptcy filing and Kraken settles a sanctions breach: Hodler’s Digest, Nov. 27 – Dec. 3

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week BlockFi files for bankruptcy, cites FTX collapse for its troubles …

Will Grayscale be the next FTX?

On Nov. 18, Grayscale, the asset manager running the world’s largest Bitcoin (BTC) fund, released a statement detailing the security of its digital assets products and affirming that it won’t share its proof of reserves with customers.  “Due to recent events, investors are understandably inquiring deeper into their crypto investments,” the statement begins, which is …

Alameda Research invested $1.15B in crypto miner Genesis Digital: Report

Crypto mining company Genesis Digital Assets was the biggest venture investment made by Alameda Research, FTX’s sister company and in the center of the exchange’s bankruptcy. Documents disclosed by Bloomberg on Dec. 3 show that Genesis Digital raised $1.15 billion from Alameda in less than nine months.  The capital infusion was made before the crypto …

How to buy food with Bitcoin?

Bitcoin (BTC) is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021.  So, does this make BTC a store of value or a medium of …

Elon Musk Says Sam Bankman-Fried Probably Donated Over $1B To Support Democratic Elections

Elon Musk hints on his official Twitter account that SBF may have donated more than $1B to the Democratic elections. SBF the ex-CEO of FTX confirmed that he has made undisclosed donations to the republican party, and donated the same amount to both parties. Republican Senator Ted Cruz also called FTX “a Bernie Maddof style …

Crypto Lacks Utility and Could Be Entering an ‘Endless Winter,’ Says Nobel Prize-Winning Economist Paul Krugman

Nobel Prize-winning economist Paul Krugman thinks crypto could be headed for an “endless winter” as most digital assets fail to prove they have real-life value. In a new opinion piece for the New York Times, Krugman says he’s never seen the point of blockchain technology and predicts that the most recent market-wide plunge could be …

Crypto lender Genesis allegedly owes $900M to Gemini’s clients: Report

Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini’s clients, according to a Financial Times report disclosed on Dec. 3 citing people familiar with the matter.  The issue derives from the FTX dramatic collapse in November. Crypto exchange Gemini operates a product called Gemini Earn in partnership …

The Upsides to Automated Online Cryptocurrency Trading

Trading has grown from an elite activity only attainable for a lucky few to an open and accessible industry for everyday people.  One development in the sector responsible for most of this advancement is the availability of automated online trading platforms.  Automated or system trading has allowed brokers to simplify and distill complex trading principles …

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