Cryptocurrency News

  • Market Cap: $1,973.30 B
  • 24h Vol: $120.45 B
  • BTC Dominance: 41.00%
  • News - 30 September 2021, 4:33 pm

    Derivatives data shows bears have sufficient incentives to keep ETH price below $3,000 heading into Friday’s $340 million options expiry. Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel which started in August but every time the support is tested, the risk of an aggressive correction increases. With that in mind, this Friday’s $340 million options expiry will likely be dominated by neutral-to-bearish put options. Ether price at Bitstamp in USD. Source: TradingViewBulls placed larger bets for the expiry but it appears that they were too optimistic for Oct. 1, so their $215 million call (buy) options are getting closer to becoming with the looming approach of the expiry date.It’s possible that Ether could be a victim of its own success because the demand for decentralized…Read More

  • Bitcoin News - 30 September 2021, 4:30 pm

    The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to be registered. These websites also exhibit other signs of being scams. 14 Entities Charged by CFTC After charging major cryptocurrency exchange Kraken, the Commodity Futures […]Read More

  • News - 30 September 2021, 4:30 pm

    Bitcoin ATMs are becoming increasingly ubiquitous, especially in North America, offering compelling evidence of growing adoption. Bitcoin Depot’s cryptocurrency ATM network continues to expand, with North American installations surpassing 5,000 for the first time amid a surge in retail adoption. With the milestone, Bitcoin Depot is once again the largest ATM network in North America, the company announced Thursday. The number of kiosks has tripled in the last six months, giving more users access to cryptocurrency transactions without requiring a bank or other third-party financial services provider. Bitcoin Depot’s partnership with Circle K convenience stores has been a major source of growth for their crypto kiosks. As Cointelegraph reported, the two companies announced in July that the convenience store chain will be home to thousands of Bitcoin ATM machines. The growth of crypto kiosks is viewed by many as a proxy for retail adoption of Bitcoin (BTC) and other digital assets.…Read More

  • News - 30 September 2021, 4:00 pm

    “The Market Report” with Cointelegraph is live right now with special guest Gareth Soloway, an experienced swing and day trader. Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown:Whales have been busy moving a record amount of Bitcoin (BTC). How will this affect prices?Bitcoin is long overdue for a “FOMO rally” to new all-time highs, according to Bobby Lee, the former CEO of BTCC. Does his claim have merit?Despite China’s crackdown on the crypto industry last week, Bitcoin nodes still appear to be operating in the People’s Republic, proving Bitcoin’s resilience once again.Polygon’s daily active addresses briefly surpassed those of Ethereum. Could this mark a turning point for the network?Next, trader Gareth Soloway joins the show to discuss the recent correlation between BTC and…Read More

  • News - 30 September 2021, 3:45 pm

    Regulatory scrutiny from around the world has forced the cryptocurrency exchange to up its compliance and auditing measures. Cryptocurrency exchange Binance has hired a former United States Internal Revenue Service agent to head its new intelligence division, a strong indication that the company is looking to bolster its compliance resources.Tigran Gambaryan joins Binance as vice president of global intelligence and investigations, the company announced Thursday. Binance is Gambaryan’s first private-sector employer since he joined the IRS as a special agent in September 2011. During his time at the IRS, Gambaryan investigated cases involving national security, terrorism financing, tax evasion and identity theft. He was also involved in the investigation of Silk Road, a dark web marketplace that facilitated some of the earliest cryptocurrency transactions. Silk Road was shut down by the FBI in October 2013, with founder Ross Ulbricht arrested and eventually sentenced to a double life sentence plus 40…Read More

  • Bitcoin News - 30 September 2021, 2:30 pm

    While there’s a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese. Traders of Crypto Surveys Hundreds of Britons, […]Read More

  • News - 30 September 2021, 1:45 pm

    The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade. An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5.Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout of accumulation caused miners’ net Ether holdings to hit an all-time high of 22.3 million ETH (worth nearly $70 billion), which is almost 19% of the total Ether supply.“ETH accumulation was stagnant for most of the summer before picking up speed in July in spite of ETH price trending lower,” the Kraken report reads.“However, ETH accumulation amongst miners really took off after EIP-1559 as they likely saw the disinflationary effects of the upgrade to drive up price.”Ethereum miner supply. Source:…Read More

  • News - 30 September 2021, 1:08 pm

     In a series of recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the Wild West due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on Blockchain, Crypto and Regulatory Considerations.In a Washington Post interview published Sept. 21, Gary Gensler stated that in history, private currencies did not have longevity. As discussed below, I take issue with that statement. Now five months into his role leading this important governmental agency, Gensler is not only a powerful voice in the debate around blockchain use…Read More

  • Bitcoin News - 30 September 2021, 1:00 pm

    According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon […]Read More

  • News - 30 September 2021, 12:55 pm

    Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape. Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a white hat hacker who averted a $10-million bug crisis. Industry white hat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team. For his efforts, Schlindwein received a generous compensation of $1.05 million, the majority of which ($1 million) was granted by Immunefi, with the additional $50,000 offered by Binance Smart Chain’s Priority One program. Immunefi is one of the market leaders in software security for cryptocurrency projects. Since its inception, the platform has reportedly paid out in excess of $3 million to…Read More

  • Bitcoin News - 30 September 2021, 12:30 pm

    Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the […]Read More

  • News - 30 September 2021, 11:59 am

    It is expected that the total figure of tokens could rise to north of $85 million. Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP rewards distribution and bug fixes” and was fully verified without issues. However, within hours, the team noted “unusual activity,” stating that “Compound Labs and members of the community are investigating discrepancies in the COMP distribution.”Despite the developments, the team has stressed that no funds either supplied or borrowed are at risk. Users of the protocol are reporting sizable windfalls, one claiming a deposit of 70 million COMP tokens into their account, equivalent to $20 million.The founder of Compound Labs, Robert Leshner shared some insight into the events:”Proposal 62 and the new contract were written by a community member,…Read More

  • News - 30 September 2021, 11:58 am

    Visa’s new blockchain interoperability project is designed to serve as a “network of blockchain networks.” Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC).According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative, a blockchain interoperability hub connecting multiple blockchain networks and enabling transfers of digital assets from different protocols and wallets.“Imagine splitting the check with your friends, when everyone at the table is using a different type of money — some using CBDC like Sweden’s eKrona, and others preferring a private stablecoin like USDC,” Visa wrote, adding that such a tool “well may be a reality” in the “not-too-distant future” with the UPC project.Developed by Visa’s research and product teams, the UPC project is designed to establish dedicated payment…Read More

  • News - 30 September 2021, 11:20 am

    The Swiss crypto stamp is a digital collectible linked to a traditional physical stamp issued by the Swiss Post. The national postal service of Switzerland is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps.On Sept. 20, the Swiss Post officially announced the upcoming launch of the “Swiss crypto stamp,” a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs.The Swiss crypto stamp will provide a digital representation for a physical stamp and will be stored on a blockchain. “Each design forms a nonfungible token and is stored in the Polygon Blockchain,” a spokesperson for the Swiss Post told Cointelegraph.Buyers will be able to discover a digital twin of their physical stamp online through a QR code printed next to the physical stamp. The crypto stamp’s image will show one of 13 possible designs and…Read More

  • News - 30 September 2021, 11:00 am

    Longevity Science Foundation accepts crypto donations and aims to use technology to advance healthy human longevity. Scientists are continuously pursuing ways to lengthen the human lifespan, and blockchain might have been a missing part of the puzzle. The Longevity Science Foundation, a Swiss entity launched by a consortium of biotech founders, clinicians and leading longevity research institutions, aims to spend more than $1 billion over the next 10 years to find tech-based means to achieve a 120-year human lifespan.The foundation seeks to fund research, institutions and projects that use blockchain and other next-gen technologies to find new horizons in four critical areas of the field, namely therapeutics, personalized medicine, artificial intelligence (AI) and predictive diagnostics. The announcement states that such projects can make a significant difference in people’s lives even within a time window of five years.Applying theoretical longevity concepts to real-world use is a primary goal for the group.…Read More

  • News - 30 September 2021, 10:57 am

    CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019. CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations.The company officially announced on Thursday that it was going to completely retire user accounts verified as mainland China citizens as well as those linked to a mobile phone number from mainland China.The exchange has asked mainland China-based users to withdraw their crypto assets from the platform before Oct. 31, 2021. CoinEx then plans to disable accounts with zero assets starting from Thursday, Sept. 30. “All access will no longer be available to your accounts,” the exchange stated.Despite CoinEx’s aggressive measures to take down users from mainland China, the exchange will still allow users to withdraw assets after Oct. 31. After the deadline, the “only service available for these accounts will be withdrawal, that is, functions such as deposit…Read More

  • Bitcoin News - 30 September 2021, 10:30 am

    Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on the naira, which has depreciated by more than 10% in the past two months. The Naira’s Continuing Depreciation The call by Obanikoro comes nearly […]Read More

  • News - 30 September 2021, 9:15 am

    Cointelegraph looked into the six major German political parties and found out what to expect from the new government in terms of its crypto regulation. The use of new technologies such as blockchain or artificial intelligence has been in the spotlight lately and gaining more acceptance from governments around the world. On Sunday, Sept. 26, Germans voted in parliamentary elections that marked the end of Angela Merkel’s 16 years in office. Since 2005, Germany has experienced deep crises, but also unprecedented prosperity. Merkel’s departure creates a power vacuum, but it also creates the chance for a new beginning — with the crypto sector being no exception. But what might this new beginning look like, and what are German parties planning to do to help the crypto market and new technologies like blockchain? Cointelegraph took a look at the election manifestos, searched for keywords like “cryptocurrencies,” “blockchain” or “digital euro” and asked the…Read More

  • News - 30 September 2021, 9:09 am

    An unexpected problem causes Bitfinex to temporarily shut down, with Bitcoin price action undoing gains in the process. Bitcoin (BTC) erased overnight gains on Sept. 30 as sudden problems at major exchange Bitfinex caused a mass outage.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitfinex investigates mystery shutdownData from Cointelegraph Markets Pro and TradingView showed BTC/USD losing the $43,000 level following the news after hitting local highs above $43,800 on Bitstamp.With the source of the issue unknown at the time of writing, traders were left in the dark as an already sensitive crypto market fell back toward established support.“We are investigating issues with the platform and have to temporarily halt trading,” Bitfinex wrote as part of its latest service update.We are investigating issues with the platform and have to temporarily halt trading. We will keep everyone updated on here and our status page as we know more. We apologise for the inconvenience.—…Read More

  • News - 30 September 2021, 8:44 am

    Axie Infinity players can stake their AXS tokens, with rewards to follow up soon. Axie Infinity, a play-to-earn nonfungible token (NFT) game based on the Ethereum blockchain, announced the launch of a staking program for its native token, Axie Infinity Shards (AXS). AXS holders can start staking their tokens, while the rewards will be activated in 24 hours to ensure all time zones could stake beforehand, according to a Thursday announcement. “Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens,” the Axie Infinity team said as part of the announcement, adding that by staking, players can earn AXS rewards. The team plans to give voting rights and “a say over the use of the Community Treasury” by staking. The Community Treasury of Axie Infinity holds more than 18 million AXS tokens worth over $1.4 billion at the time of…Read More

  • News - 30 September 2021, 8:38 am

    The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology. The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC).The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed paper until Dec. 6.The document focuses on a “general-purpose” CBDC that is a digital currency issued to “any individual or business that wants to use it.”“Such a ‘general-purpose’ CBDC would be closer in function to cash and better placed to fulfil the role of central bank money than a ‘wholesale’ CBDC,” RBNZ wrote.The central bank emphasized that a potential New Zealand CBDC would be digital money issued by the bank alongside cash. While the amount of cash in circulation has been growing in New Zealand, it is still used “proportionately less…Read More

  • Bitcoin News - 30 September 2021, 7:30 am

    The national postal operator of Russia plans to implement a parcel tracking system that will rely on blockchain technology. The introduction of the new service is part of Russian Post’s digital transformation strategy and is expected to reduce the number of lost shipments. Blockchain-Based Tracking System to Help Russian Post Save Time and Resources […]Read More

  • News - 30 September 2021, 5:32 am

    Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research. The United Kingdom’s central bank is ramping up its research into a central bank digital currency (CBDC) with the selection of a long list of banking and fintech experts to assist it.On Thursday, the Bank of England announced the membership of its CBDC Engagement and Technology Forums and they include some big names in technology and finance including Google, Mastercard, Consensys — and even Spotify.This week’s announcement is a signal that the central bank is taking its CBDC plans seriously. It stated that the Technology Forum draws resources from leading experts in the field of digital payments and cryptocurrencies.“The Forum will help the bank to understand the technological challenges of designing, implementing and operating a CBDC.”The Engagement Forum includes “senior stakeholders from industry, civil society, and academia,” that will assist the…Read More

  • News - 30 September 2021, 5:05 am

    The listed crypto options providers named by the CFTC include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade. The Commodity Futures Trading Commission (CFTC) has charged 12 New York-based crypto options businesses with allegedly failing to register with the regulatory body. In a Thursday press release, the CFTC outlined that it is charging 14 entities in total, with the 12 crypto-focused firms all on the hook for failing to register as futures commission merchants (FCMs). All of the firms were “allegedly based in New York.” The other two companies have allegedly posted misleading information about their National Futures Association (NFA) membership and registration with the CFTC. The listed crypto options providers include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade — the latter of which is unaffiliated with the major global exchange Binance despite its name. “Today’s actions…Read More

  • Bitcoin News - 30 September 2021, 5:00 am

    PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its first dApp EverOwn for Binance Smart Chain, EverRise is proud to announce they will launch EverBridge to both the Ethereum and Polygon blockchains on October 5th. With EverBridge, EverRise will make its revolutionary suite of dApps available to projects on both networks […]Read More

  • News - 30 September 2021, 4:58 am

    Layer-two aggregator Polygon has seen a 330% surge in active addresses over the past three months. Layer-two protocols have seen monumental growth this year, and in terms of active addresses, one such protocol has briefly surpassed the network for which it is a scaling solution.The number of daily active unique addresses on layer-two aggregator Polygon has surpassed those on the high-fee layer-one Ethereum according to Polygon co-founder Mihailo Bjelic.According to his stats, Polygon had 351,000 daily active addresses on Monday, whereas Ethereum had 326,000.Another huge milestone for @0xPolygon! We eclipsed Ethereum L1 in daily active addresses for the first time!This is just the beginning. We are working round the clock to improve our tech, strengthen our ecosystem and increase adoption.Let’s bring the world to Ethereum!— Mihailo Bjelic (@MihailoBjelic) September 29, 2021 According to Polygonscan, the number of active addresses skyrocketed on Sept. 20, hitting a peak of 426,586 on Monday before…Read More

  • News - 30 September 2021, 4:36 am

    Users will have the option to set crypto collectibles as their profile pic to impress everyone. Twitter has unveiled an in-development tool that will enable users to display a verified nonfungible token (NFT) as their profile picture.Mada Aflak, a senior software engineer at Twitter, shared a video demonstrating functionality that allows users to add NFTs to their accounts. Users can simply edit their profile, connect a cryptocurrency wallet, and import their OpenSea collection. Then, they can choose an avatar from their collection of NFT digital art.The profile picture will also be marked with a badge to verify that the image is the genuine article, thereby allowing users to flex their hugely expensive CryptoPunk or Bored Ape profile picture and have everyone know it’s legit.Aflak stated that the run-through was just an experiment using a mock-up, so anything could change, and she called on users to submit feedback and suggestions.As promised,…Read More

  • Bitcoin News - 30 September 2021, 4:30 am

    According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very little processing fees. Inexpensive Transfers & Speed: Bank […]Read More

  • News - 30 September 2021, 3:45 am

    Kraken has urged BATMTwo ATM owners and operators to change the admin QR code for their ATMs to avoid potential attacks. Kraken Security Labs has said that a “large number” of Bitcoin (BTC) ATMs are vulnerable to hacking, as the administrators never changed the default admin QR code. In a Wednesday blog post, Kraken posted research from its Security Labs team, which found that there are “multiple hardware and software vulnerabilities” in the General Bytes BATMTwo ATM range. “Multiple attack vectors were found through the default administrative QR code, the Android operating software, the ATM management system and even the hardware case of the machine,” the post read. Kraken’s security team stated that if a hacker gets their hands on the administrative code, they can essentially “walk up to an ATM and compromise it,” while also highlighting issues with the BATMTwo’s lack of secure boot mechanisms, as well as “critical…Read More

  • News - 30 September 2021, 3:14 am

    There are still a handful of Bitcoin nodes hanging on in China, and OTC trading remains viable, but it may not be for long. Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and over-the-counter (OTC) trading.China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders. The regime specifically targeted crypto transactions, but as researched by Cointelegraph, this action is nothing new, with at least 19 similar crackdowns over the past decade or so. Despite the latest move, there are still 135 Bitcoin nodes in operation in China according to data from Bitrawr, which measures nodes by geographical location. However, this is just 1.21% of the total 11,262 Bitcoin nodes spread across the planet. There may be more if they are operating behind virtual…Read More

  • Bitcoin News - 30 September 2021, 1:30 am

    Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but governments can “slow down its advancement.” Elon Musk Says Governments Should ‘Do Nothing’ and Leave Crypto Alone Tesla CEO Elon Musk discussed cryptocurrency and […]Read More

  • News - 30 September 2021, 12:47 am

    The Eternal Beings team stated on Discord that Lil Uzi Vert has only temporarily walked back from the NFT project to work on his new album. The floor price of Eternal Beings nonfungible tokens, or NFTs, plunged after affiliated celebrity rapper Lil Uzi Vert deleted his promotional posts about the project. The Solana-based NFT project consists of 11,111 computer-generated alien avatar NFTs that feature similar traits to Lil Uzi Vert, such as hair, tattoos and fashion style. The NFTs were minted at a price of 2.5 SOL, worth roughly $337 at the time of writing. Lil Uzi Vert’s NFT. Source: Eternal Beings While it is unclear if the popular rapper was on the team behind Eternal Beings or working purely as a paid promoter, the 26-year-old year apparently deleted his promo posts after the project’s launch on Tuesday. The NFT collection sold out at the 2.5 SOL mint price; however, after…Read More

  • Bitcoin News - 29 September 2021, 11:30 pm

    The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.” Miami Mayor Sees US […]Read More

  • News - 29 September 2021, 10:30 pm

    While the long-term sentiment remains bullish, traders warn that BTC must hold the $41,000 support to avoid a sweep of the $38,000 level. Bitcoin faced another day of bearish pressure on Sept. 29 as the impact of China’s crypto crackdown and uncertainty about the regulatory landscape in the United States continue to weigh heavily on Bitcoin (BTC) and some of the larger-cap altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the early morning rally above $42,000 lost steam by midday as the price collapsed back near the $41,000 support level where bulls are now defending against a further price decline. BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what traders and analysts are saying about Bitcoin’s price today.“Boring” Bitcoin marketDespite the recent volatility, the current price action is considered to be “boring” by market analyst and Cointelegraph contributor Michaël van de Poppe, who posted the following tweet highlighting that…Read More

  • News - 29 September 2021, 9:32 pm

    Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes and small businesses — nothing quite as high profile as the country’s largest stock exchange. Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining rigs in the building.According to a report from the country’s state-run media, the Islamic Republic News Agency, Tehran Stock Exchange, or TSE, market vice president Mahmoud Goudarzi will be leading the company following the departure of Sahraee. The change in leadership seems to be the result of “a number of miners” being discovered in the basement of the TSE building located in the district of Sa’adat Abad. The TSE reportedly initially denied the existence of the miners, saying the equipment was part of a research project. However, executive deputy director Beheshti-Sarsht later said the company should be held accountable for…Read More

  • News - 29 September 2021, 9:15 pm

    A week-long pattern of daily lower highs suggests bulls will be unable to flip $43,000 to support and this could weigh on the fledgling recovery seen across many altcoins. Bitcoin (BTC) and Ether (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction.Tesla CEO Elon Musk said at the Code Conference in California recently that governments cannot “destroy crypto,” due to its decentralized nature but can “slow down its advancement.”Data shows that whales have been moving record amounts of Bitcoin in the past two weeks. The total transfer volume of transactions, worth $10 million and higher, has surpassed levels seen when Bitcoin’s price was near $60,000. According to on-chain analytics resource Material Indicators, “smaller” whales sold and mega whales added to their holdings. Daily cryptocurrency market performance. Source: Coin360Bobby Lee, the former CEO of BTCC exchange, said…Read More

  • News - 29 September 2021, 8:15 pm

    CELR soars to a new all-time high following the launch of its cross-chain bridge that allows traders to jump back and forth between various layer-1 and layer-2 platforms. High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum’s London hard fork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network. In the past two weeks, Celer, a layer-two scaling solution that utilizes off-chain transaction handling to help increase the throughput capacity of its network, has seen an uptick in user activity.Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.0398 on Sept. 8, the…Read More

  • News - 29 September 2021, 7:45 pm

    “Litigation will expose this case for what it is: a clumsy attempt at a money grab, which recklessly harms the whole cryptocurrency ecosystem,” said Tether. The judge in the class-action lawsuit filed in the Southern District of New York against stablecoin issuer Tether and crypto exchange Bitfinex has granted motions to dismiss many of the claims in the case.According to court documents filed Tuesday in the Southern District of New York, District Judge Katherine Polk Failla has granted motions from Tether’s and Bitfinex’s parent company iFinex to dismiss key claims in the plaintiffs’ case that the two firms manipulated the crypto market. Altogether, Judge Failla granted motions to dismiss five complete claims and part of one, while denying six others.Specifically, the judge said she would not allow investors to bring claims against Tether and Bitfinex under the Racketeer Influenced and Corrupt Organizations Act, or RICO, nor allegations related to racketeering or…Read More

  • News - 29 September 2021, 7:08 pm

    Traders raised their bids for the decentralized exchange token, believing it would benefit from China’s decision to classify all crypto transactions as “illegal.” Decentralized exchange dYdX’s native token DYDX surged by nearly 80% this week as traders assessed its potential against China’s recent ban on crypto transactions.The DYDX price hit a new high of $26.50 on the FTX exchange after trading at around $13 a week ago. The China ban was an apparent boost for the dYdX decentralized exchange (DEX) that offers perpetuals, margin and spot trading, as well as lending and borrowing services to its users.Holding DYDX gives owners the right to propose and vote on changes to dYdX’s layer 2 protocol. DYDX stakers receive rewards by depositing to the DEX’s related liquidity staking pools. Users also benefit by receiving a discount on trading fees that are based on the size of their DYDX reserves.DYDX distributed—or airdropped—DYDX tokens among…Read More

  • News - 29 September 2021, 6:15 pm

    The development marks another sign of the digital hryvnia project picking up steam. The National Bank of Ukraine, the country’s chief monetary authority, has recently taken to professional social network LinkedIn to promote its blockchain developer job opening. The ad was published by the director of NBU’s IT department, Vladimir Nagornyuk. The ad goes on to list “development, implementation and modification of infrastructure services […] and distributed systems” among the prospective employee’s duties, in addition to mentioning smart contracts and Hyperledger competencies among the requirements for the job. The central bank’s interest in blockchain hires adds to other recent news coming out of Ukraine’s CBDC project, the e-hryvnia. Last week, speaking at a round table discussion on the opportunities and risks of virtual assets’ legalization, Ukraine’s deputy minister of digital transformation Oleksandr Bornyakov mentioned that the e-hryvnia pilot was underway. NBU has been considering the possibility of issuing a central bank…Read More