Tesla invested a significant percentage of its cash – $1.5 Billion into Bitcoin. In a recent SEC filing, Tesla disclosed the investment and updated the firm’s intention to acquire and hold digital assets from time to time or long-term. The firm said it bought the Bitcoin to provide more flexibility...
European authorities eye the middle of this year to decide on the development of a digital euro currency for the Eurozone. The European Central Bank and European Commission said in a joint statement on Tuesday that: Recently ECB consulted the public for the digital euro in which participants marked privacy...
Acting Comptroller Brian Brooks will step down today, according to a statement from the Office of the Comptroller of the Currency (OCC). Current Chief Operating Officer – Blake Paulson, will take his place as an acting controller. Brooks took over as acting comptroller of the OCC in May 2020 and...
Coinbase announced on Monday to suspend trading in XRP. Coinbase said that the trading will move into the limit only starting December 28, 2020, at 2:30 PM PST, and will be fully suspended on January 19, 2021, at 10 a.m. PST. There is also the possibility that Coinbase could halt...
Bitfinex expands beyond the digital asset space. Launches new perpetual contracts (derivative product) based on equity index – STOXX Europe 50 and DAX (Germany 50). This is the first time a crypto exchange is launching an equity product. According to the announcement, to make the trading experience seamless and effective,...
KuCoin, a cryptocurrency exchange was hacked late night on Sept 25. So far the exchange has not shared the official amount of funds they lost from their wallets. Some analysts estimate more than $150 million worth of crypto funds may be gone. The exchange confirmed the hack, informing “Bitcoin, ERC20...
The government of India reportedly is planning to introduce a new law to ban cryptocurrencies trade. According to Bloomberg, the bill is expected to be discussed by the federal cabinet before it is placed in parliament for approval. Among the people familiar with the development, the belief is that the...
Yield farming, a new uprising trend in cryptocurrency allows people to earn interest by parking their crypto capital in a DeFi product. According to DefiPulse, the total value locked in DeFi smart contracts is upward of $7.0 Billion as of this writing, a 15 times jump compared to year-ago stats. ...
Decentralized finance (DeFi) has created a lot of excitement in 2020, opening a new world of opportunities for users to participate in a trustless (no middlemen) and permissionless financial initiatives to earn interest for their cryptocurrency holdings. To date, DeFi products hold $9.3 billion of total value locked in DeFi...
New advancements in the Ethereum network service-layer protocol have helped to scale DApp usage to the wider audience. These service-layer protocols can be seen as anything sitting just below the interface layer (i.e., the applications the end-user interacts with), but leveraging the lower-level functionality provided by layer-1 blockchains and interoperability...
