Senator Elizabeth Warren Slams Bitcoin’s Energy Usage
Jun 10, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Senator Elizabeth Warren slammed Bitcoin’s energy consumption during a Senate Banking Committee hearing on the potential development of a CBDC. Crypto’s loudest critics often point out the environmental impact of Proof-of-Work, while more efficient Proof-of-Stake currencies have emerged in recent years. Despite the recent focus on Bitcoin’s energy usage, El Salvador and other […]
UNICEF Is Investing in Several Blockchain Startups
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways UNICEF has announced funding for seven blockchain startups. Those startups cater toward “unbanked” communities—that is, areas with little access to traditional financial services. The startups will collectively receive over $500,000, paid out in fiat currency and Ethereum (ETH). UNICEF, the charity arm of the United Nations, has announced that it is funding seven […]
Victory Capital Shares Plans to Enter Crypto Market
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Victory Capital has announced its plans to launch a new private fund that tracks the performance of the Nasdaq Crypto Index (NCI). The firm currently manages more than $157 billion in assets under management. Victory Capital is only the latest institutional player to jump into the crypto space in last few months. Multi-billion […]
Interactive Brokers to Offer Crypto Trading
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Interactive Brokers has announced that it will offer crypto trading to its customers by the end of the summer. The popular e-broker has a reputation for having some of finance’s most knowledgeable traders as clients. The firm will look to challenge Coinbase and Robinhood, which are currently the focal points of custodial crypto […]
Baidu, Weibo Censoring Crypto Exchanges
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Baidu and Weibo are showing zero results for Huobi, Binance, OKEx, and Binance. Weibo and Baidu Block Exchanges Searching for Huobi, OKEx, Binance, and Bitfinex in both English and Chinese languages currently returns no results on Weibo and Baidu. Baidu is the most used search engine in China. The move against four of crypto’s biggest […]
China Orders Bitcoin Mining Shutdown in Xinjiang
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways The local government of Changji has ordered the closure of Bitcoin mining in the Xinjiang economic belt. Xinjiang is the second most popular Bitcoin mining destination using thermal or coal-based energy. The country is now relying on the decision of Sichuan leaders for the sustenance of the industry. Mine Crypto Changji’s autonomous government […]
Solana Closes $314 Million Funding Round
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Solana has raised over $314 million through a private sale of its native token SOL. Andreessen Horowitz, Polychain Capital, Alameda Research and several other investors participated in the sale. The newly raised funds will be used to support the Solana ecosystem and develop decentralized applications. This Exchange News was brought to you by […]
DeFi Derivatives “Are a Bad Idea”: CFTC Commissioner
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Speaking at Asset Management Derivatives Forum 2021, CFTC Commissioner Berkovitz expressed his concerns about DeFi. According to Berkovitz, DeFi-based derivatives may be violate regulations set by the Commodity Exchange Act (CEA). He added DeFi is “shadow banking” that needs to be regulated. This news was brought to you by ANKR, our preferred DeFi […]
El Salvador Passes Vote to Adopt Bitcoin as Legal Tender
Jun 09, 2021
Jeremy Parkinson
Cryptocurrency, No picture
This news was brought to you by Phemex, our preferred Derivatives Partner. A significant majority of El Salvador’s Legislative Assembly has approved the Bitcoin Law proposed by President Nayib Bukele. El Salvador Passes Historic Bill El Salvador has become the first country in the world to adopt Bitcoin as legal tender. President Bukele introduced the […]
Amazon Wants to Hire Someone With Experience in DeFi
Jun 08, 2021
Jeremy Parkinson
Cryptocurrency, No picture
This news was brought to you by ANKR, our preferred DeFi Partner. Amazon has posted a job vacancy for a Blockchain Head of Product who “ideally” has experience in DeFi. Amazon Recruiting Blockchain Product Head Amazon is looking to hire a crypto expert. The tech giant placed the job post for a Head of Product […]