Category Archive: Cryptocurrency, No picture
Compound Soars 23% on Treasury Account News
Key Takeaways Compound is up 23.4% in the last 24 hours following the announcement of its new Treasury product. The Treasury will offer a fixed 4% interest rate on cash deposits made with wire transfers. It’s aiming to help traditional businesses earn from DeFi yields without directly using cryptocurrencies. This news was brought to you […]
Erik Voorhees Bets on Ethereum DEXs, THORChain
Key Takeaways ShapeShift has gone from a centralized exchange to adopting a full DEX aggregator model. The platform has aggregated various Ethereum DEXs and cross-chain trading via THORChain. Since launching its DEX offering in Jan. 2021, Voorhees says there has been a surge in activity on the platform. This news was brought to you by […]
Cathie Wood’s ARK Invest Plans Bitcoin ETF
Cathie Wood’s ARK Invest enters the Bitcoin ETF race. ARK Invest Plans to Diversify Its Offerings ARK Invest is planning a Bitcoin ETF in partnership with 21Shares. The news came out in a Monday S-1 filing with the Securities and Exchange Commission (SEC). The proposed ETF will give ARK Invest customers direct exposure to Bitcoin […]
Morgan Stanley Reveals Stake in Grayscale Bitcoin Trust
Morgan Stanley’s Europe Opportunity Fund has disclosed a 28,000 GBTC stake in Grayscale’s Bitcoin Trust. Morgan Stanley Details Crypto Exposure According to a filing with the Securities and Exchange Commission (SEC), Morgan Stanley’s Europe Opportunity Fund has purchased a significant amount of shares from the largest asset manager in cryptocurrency, Grayscale. In April, another filing […]
Craig Wright Beats Bitcoin.org In Whitepaper Lawsuit
Key Takeaways Craig Wright has obtained a summary judgement as part of his copyright claim to the Bitcoin whitepaper. Today’s judgement means Cøbra, the operator of Bitcoin.org, must take down the whitepaper and pay legal fees. It remains to be seen whether Cøbra will comply with these orders. Mine Crypto Craig Wright has obtained a […]
Coinbase Approved to Offer Crypto Custody in Germany
Key Takeaways Coinbase has received a new crypto custody license to operate in Germany. The company has shown a commitment to work with national regulators. Meanwhile, other crypto exchanges have fallen short of regulators’ expectations. Coinbase has become the first company to receive a crypto custody license to operate in Germany. Coinbase Embraces German Regulation […]
Phemex Paying Crypto For Watching Educational Videos
Key Takeaways The videos in Phemex’s Learn & Earn program are approximately 60 seconds in length Users can take a quiz to test their knowledge and earn a trading bonus The trading bonus can be spent on the Phemex platform This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Phemex users […]
Crypto.com Taps Circle for USDC Wire Transfers
Key Takeaways Crypto.com users will be able to directly send and receive USDC in their crypto wallets using wire transfers. USDC-based wire transfers are expected to reduce the friction that is usually associated with global wire transfers. Crypto.com users will be required to attach a unique code used for processing and conversion of dollars to USDC. […]
Huobi Halts Crypto Derivatives Trading for Chinese Users
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. In response to China’s crypto crackdown, Huobi has imposed a limit on derivatives trading for Chinese residents. Huobi Curbs Derivatives Trading Huobi has barred customers based in China from trading derivatives. The exchange updated its user agreement earlier today outlining the changes. […]
Polygon Project SafeDollar Crashes to Zero After Attack
Key Takeaways Algorithmic stablecoin SafeDollar (SDO) has crashed to zero following an exploit. Attackers exploited a vulnerability and drained almost $250,000 from SafeDollar’s liquidity pools. The team has said it is not responsible for the attack. It’s also promised to publish a post-mortem report. This news was brought to you by ANKR, our preferred DeFi […]
