Crypto research firm Quantum Economics has signed on to advise the rapidly growing 1inch Network, which unites various decentralized protocols to help build the future of DeFi. Quantum Economics is a FinTech research, advisory, and money management firm led by Mati Greenspan, formerly of eToro. Their staff includes some of the most knowledgeable and experienced …
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Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining …
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said. South Korea Prepares to Regulate Crypto Industry The South Korean National Assembly’s National Policy …
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In a follow-up to Tanzanian President Samia Suluhu Hassan’s call for cryptocurrency action, a government minister has now announced plans to set up a crypto advisory team. This team, according to the Information and Communication Technology (ICT) minister Faustine Ndugulile, will consist of not more than 10 experts. Advisory Team to Be Set Up in …
Representatives of law enforcement agencies and academia in Shanghai held a seminar devoted to cryptocurrencies, regulations, and the combating of crypto-related crime. Determining “the legal attributes of virtual currency” was among the main topics at the forum which also focused on matters of financial supervision. Prosecutors and Professors Discuss Crypto Oversight in Shanghai Amid an …
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The new policy organization, DeFi Education Fund, focused on promoting decentralized finance (DeFi) education and advocacy were supported through the Ethereum (ETH) DeFi protocol Uniswap and it deployed half of the funds received from the protocol’s treasury in a single transaction. The fund was formed with 1 million Uniswap (UNI), after receiving support from the …
The crypto market took a turn for the worse today yet again as literally all top 100 cryptocurrencies—except stablecoins—have plunged into the red zone across the board. At the time of writing, Bitcoin (BTC) slipped below the 32,000 mark, trading at around 31,900, down 3.5% on the day, according to crypto metrics platform CoinGecko. Ethereum …
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Save the Children in Rwanda recently became the latest member of the NGO community to endorse cryptocurrencies after it announced the establishment of a partnership agreement with the Cardano Foundation. ADA Donations According to a statement released by parties to the project, this arrangement became possible after Cardano “installed a payment gateway that allows ADA …
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose …
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In 2019, a man with Fabio-like hair entered the cryptocurrency scene with questionable claims when he told a slew of people he helped co-found the creation of Bitcoin. The self-proclaimed Bitcoin inventor named Jörg Molt not only offered a “Satoshi School” but allegedly ran a number of scams on the side. The publication Bild reports …
Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding …
With currently over a half a billion Ripple (XRP) still remaining in his “tacostand” cryptocurrency wallet, Jed McCaleb continues dumping his stash. Blockchain payments company Ripple sent its former chief technology officer and co-founder another payment of over 291 million Ripple tokens earlier this month, which was, according to the blockchain explorer XRPScan, the latest …
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Gold bug Peter Schiff is known for his hatred of Bitcoin. But in a recent interview with Anthony Pompliano, he divulges what it would take for him to buy into the leading cryptocurrency. [embedded content] Peter Schiff’s view on inflation makes sense As much as the crypto community dumps on Schiff, his views on Modern …
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Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn, Michigan, MIT, and Columbia University. Blockchain University Groups Identified as Major …
A group of Binance customers are seeking to get their funds back after the platform froze in May. These users had leveraged positions and were unable to reduce them or close them. On May 19, Binance’s app crashed for more than one hour, leaving customers unable to manage their funds. These users are now pursuing …
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