Category Archive: Cryptocurrency, No picture
DeFi Derivatives “Are a Bad Idea”: CFTC Commissioner
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
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
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 […]
Polkadot Ready for Kusama Parachain Auctions
Key Takeaways Polkadot founder Gavin Wood wrote in a blog post that Kusama is ready to host parachain slot auctions. Kusama will host parachains before auctions go live on Polkadot. The auctions will last for five weeks and determine which project gets to operate a parachain on the canary network. Polkadot’s founder Gavin Wood has […]
Ben Lilly Discusses Bitcoin’s Market Dynamics
Key Takeaways Bitcoin’s negative price action continues, with BTC down 7.6% this week. Market analyst Ben Lilly told Crypto Briefing that weakness has been creeping into the Bitcoin market since February. Lilly is optimistic about Ethereum because of its rising prominence in the traditional finance world. The slump in the crypto market continues. Bitcoin’s price […]
Over 1% of Bitcoin Now Lives as WBTC on Ethereum
Key Takeaways WBTC has reached a supply of 187,610 which is equivalent to roughly 1% of Bitcoin’s circulating supply. Of all the tokenized variants of BTC, WBTC has found the most traction among Bitcoin holders. Despite the advantages, WBTC carries some risk as tokenization exposes users to counterparty risk. This news was brought to you […]
U.S. Seizes $2.3M in Bitcoin from Colonial Pipeline Hackers
Key Takeaways The FBI has recovered more than half of the ransom paid to the Colonial Pipeline hackers by following the funds on-chain and contacting the custodian of the public address. Bitcoin has dipped in the last 24 hours, possibly because some believed that the FBI was able to hack the network. The Department of […]
White House Advisor Holds Over $1M in Bitcoin: Report
Key Takeaways Tim Wu, a member of the National Economic Council in the U.S., holds Bitcoin and Filecoin. His financials revealed that his cryptocurrency investments account for more than 25% of his assets. Tim Wu serves as a special assistant to President Biden on technology and competition policy. Tim Wu, a top official in Joe […]
Latin American Leaders Show Support for Bitcoin
Key Takeaways Latin American politicians in Argentina, Brazil, Panama, and Paraguay have taken to social media to show support for Bitcoin. The posts follow El Salvador President Nayib Bukele’s announcement that he has hopes of making Bitcoin legal tender. Panama’s Gabriel Silva said that he would be preparing a proposal to “support cryptocurrencies,” while Paraguay […]
Monero Team Receives Anonymous $500,000 Donation
Key Takeaways Monero has received a donation of 1711 XMR ($486,600). The team plans to publish a spending report in the coming months. Monero’s General Fund helps the project purchase web services, tools, and salaries for contractors. The team behind Monero has received a donation of nearly $500,000, according to the project’s Twitter account. $500,000 […]
