Category Archive: Cryptocurrency, No picture
Panther Protocol Raises $8M for DeFi Privacy Solution
Key Takeaways Panther Protocol has raised over $8 million from over 140 investors for its privacy-focused DeFi solution. The protocol will allow users to mint 1:1 collateralized privacy-preserving synthetic assets. Leveraging zk-SNARKs, such assets obfuscate all the information involved in an on-chain trade. This news was brought to you by ANKR, our preferred DeFi Partner. […]
Central Bank Governor Says Crypto Regulation is Likely
Key Takeaways The Governor of Sweden’s central bank says that cryptocurrencies are now “big enough” to be regulated. Many central bank officials around the world have recently aired concerns over the growth of Bitcoin and other digital assets. The U.S. also appears to be looking into crypto regulation and the potential launch of its own […]
Mt. Gox Victims Prepare to Vote on Rehabilitation Plan
Key Takeaways The trustee of the bankrupt Bitcoin exchange Mt. Gox has initiated the voting process on the latest rehabilitation plan. At least 50% of the vote holders must agree to pass the vote. The voting process will end on Oct. 8, 2021, after which Tokyo District Court will ratify the result to begin making […]
India Says Banks Cannot Restrict Crypto Transactions
India’s central bank, the Reserve Bank of India (RBI), has resolved confusion around a letter that was sent to bank account holders. Indian Central Bank Clarifies Policy On Friday, two of the largest banks in India, HDFC and SBI, sent notices to account holders which warned that cryptocurrency transactions “aren’t permitted as per RBI guidelines.” […]
Goldman Sachs Says Crypto Could Power Data Economy
Key Takeaways Goldman Sachs has published a report discussing crypto’s potential as an institutional asset class. Researchers argued that the value of a blockchain depends on the information stored on it, claiming that Ethereum could become the number one chain in the future. The report also discussed the importance of decentralization for the future of […]
Ethereum DEX Aggregator 0x Launches on Polygon
Key Takeaways 0x will let developers source liquidity from a variety of Polygon-based DEXs in one single interface. The major liquidity sources leveraged by the API include QuickSwap, SushiSwap, ComethSwap, Curve, Dodo, mStable, and Dfyn. 0x joins a growing list of leading DeFi projects that have expanded to Polygon. This news was brought to you by […]
Bitcoin Closing in on Biggest Monthly Dip Since 2011
Key Takeaways Bitcoin looks set to close its biggest monthly dip since 2011. It suffered its worst drop since Mar. 2020 during a market-wide crash earlier this month. Despite the crash, 74% of the BTC supply and 94% of the ETH supply is in profit. The market looks uncertain over whether the negative trend will […]
Bitcoin Will Survive Energy Debates, Green Miner Says
Key Takeaways Bitcoin will survive despite the recent criticisms surrounding the network’s environmental impact, Iris Energy Pty says. The cryptocurrency space has been the subject of debate in recent weeks after Tesla halted Bitcoin payments, citing environmental concerns. Bitcoin’s price has plummeted this month, which could be an indicator that institutional investors are losing interest […]
Cryptocurrencies Are a “Great Concern”: Ireland Central Bank Official
Another central bank official takes a stand against cryptocurrencies. Central Bank Officials Oppose Crypto The director-general of financial conduct at Ireland’s Central Bank has aired negative views on cryptocurrencies. Speaking to Bloomberg, Derville Rowland said that the growing interest in digital assets like Bitcoin and Ethereum was a point “of great concern.” “Crypto assets are […]
Arbitrum Launch: Layer 2 Ethereum Unpacked
Key Takeaways Arbitrum, an Optimistic Rollup scaling solution for Ethereum, has successfully launched for developers. Layer 2 scaling aims to reduce congestion on the base chain while still benefitting from its security. Reduced congestion on Ethereum will reduce gas fees for every user, not only the ones using Layer 2. This news was brought to […]
