Cryptocoins News / The Cointelegraph - 1 year ago
MakerDAO has voted to cut off lending platform Aave’s ability to generate Dai for its lending pool without collateral as the risks of Celsius’ liquidity crisis loom large over the entire crypto ecosystem.
The decentralized autonomous organization (D...
Cryptocoins News / The Cointelegraph - 1 year ago
Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting,” according to Koinly’s head of tax in Australia.
Koinly is one of...
Cryptocoins News / The Cointelegraph - 1 year ago
On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects....
Cryptocoins News / The Cointelegraph - 1 year ago
Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an ongoing sell-off in the tradit...
Cryptocoins News / The Cointelegraph - 1 year ago
United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “...
Cryptocoins News / The Cointelegraph - 1 year ago
In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency....
Cryptocoins News / The Cointelegraph - 1 year ago
Venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company.
Crypto...
Cryptocoins News / The Cointelegraph - 1 year ago
Securities regulators from five U.S. states have reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user withdrawals.
According to a Thursday report from Reuters, Texas State Securities Board...
Cryptocoins News / The Cointelegraph - 1 year ago
Watchmaker TAG Heuer has partnered with the well-known nonfungible token (NFT) community surrounding Bored Ape Yacht Club and CLONE-X to create a smartwatch that displays NFTs and connects to crypto wallets such as MetaMask and Ledger Live.
The comp...
Cryptocoins News / The Cointelegraph - 1 year ago
The outlook across the cryptocurrency ecosystem continues to dim as the sharp downtrend that was initially sparked by the collapse of Terra (LUNA, now LUNC) appears to have claimed the Singapore-based crypto venture capital firm Three Arrows Capital...
Cryptocoins News / The Cointelegraph - 1 year ago
Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve's 0.75% interest rate hike a day before.
Solana price rebound fizzles
Notably, SOL/USD plunged nearly 17% to $30 a token, wiping out a...
Cryptocoins News / The Cointelegraph - 1 year ago
Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payme...
Cryptocoins News / The Cointelegraph - 1 year ago
Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO,...
Cryptocoins News / The Cointelegraph - 1 year ago
One reason is that blockchain’s use of a decentralized ledger offers insight into the workings of AI systems and the provenance of the data these platforms may be using. As a result, transactions can be facilitated with a high level of trust while m...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) ran out of steam near $23,000 on June 16 after the biggest United States key rate hike in nearly thirty years.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Dollar strength wobbles after rate hike news
Data from Cointel...
Cryptocoins News / The Cointelegraph - 1 year ago
For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance its operations. Now, the U.S. Air Force (USAF) is adopting blockchain into its budgeting and accounting processes.
According to a Th...
Cryptocoins News / The Cointelegraph - 1 year ago
Ethereum co-founder Vitalik Buterin’s Soulbound Token proposal for a robust identity and reputation system has stirred up the crypto community.
Soulbound Tokens or SBTs are non-transferable, non-financialized tokens tied to a unique profile proving...
Cryptocoins News / The Cointelegraph - 1 year ago
The core principles of cryptocurrency were based on financial independence, decentralization and anonymity. With regulations being the key to mass adoption, however, the privacy aspect of the crypto market seems to be in jeopardy.
In 2022, even thou...
Cryptocoins News / The Cointelegraph - 1 year ago
Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world's largest cryptocurrency in a new light.
A research report published by Michel Khazzaka, an IT engineer, cryp...
Cryptocoins News / The Cointelegraph - 1 year ago
Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones.
According to Nabiullina, cryptocurrencies can be used in cross-border or in...
Cryptocoins News / The Cointelegraph - 1 year ago
USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.
Euro Coin, or EUROC...
Cryptocoins News / The Cointelegraph - 1 year ago
Ethereum's native token Ether (ETH) slumped on June 16, suggesting that its relief rally, coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk.
Ether bulls trapped?
Ether's price slipped by 9.2% to arou...
Cryptocoins News / The Cointelegraph - 1 year ago
After its operating license was revoked by the Thai Securities and Exchanges Commission (SEC), Huobi’s Thailand unit is set to wind down operations by July 1.
The Thai SEC revoked Huobi’s license in May after it failed to comply with the local regul...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin and the overall cryptocurrency market have been experiencing one of the most critical moments since 2018, wiping more than $1 trillion in market value since early 2022.
The current crisis has triggered a wave of panic in the community, with...
Cryptocoins News / The Cointelegraph - 1 year ago
In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a pilot project for crypto exchanges in the special economic zone of the Astana International Finance Centre.
The Ministry of Digital Development, Innovations...