French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale Proposes Leveraging Makerdao and DAI Stablecoins to Refinance Bond…
Historical data suggests that October is a good month for Bitcoin bulls, and today’s push above $47,600 could be a signal of what’s to come for BTC and altcoins. Source link
Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions. The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering double-digit gains for the day. Top…
The Biden administration is reportedly considering a new legal framework for stablecoin issuers that would put them in the same category as banks, raising questions about the future of crypto regulation in the country.Citing people familiar with the matter, The Wall Street Journal reported Friday that the administration is looking to convince Congress to create a new “special-purpose charter” for…
On Friday, the U.S. Securities and Exchange Commission (SEC) has delayed four bitcoin exchange-traded funds (ETF) deadlines for another 45 days. The regulator notes that the entity needs more time to decide on the ETF applications. Global X, Kryptoin, Valkyrie, Wisdomtree Bitcoin ETF Deadlines Extended The Kryptoin Bitcoin ETF, Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, and Wisdomtree…
Ethereum’s native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators.Ether price soared by more than 9% Friday to hit nearly $3,300 for the first time in ten days. Its gains surfaced primarily in the wake of a price rebound across all the top…
The director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job for Illegal Crypto Mining Under His Watch Ali Sahraei, chief…
Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year. The attackers stole cryptocurrency from 6,000 accounts, though the monetary value of the theft wasn’t disclosed, according to a report from Bleeping Computer. Earlier this week, Coinbase reportedly notified affected customers that…
Changelly introduces another token available on the platform — the XYO token. Users can now effortlessly exchange XYO tokens at floating rates. The XYO Network enables trustless transactions through an ecosystem of crypto-location components that can bridge the gap from the world of today to the world of tomorrow. The XYO Network makes it possible for smart contracts to access…
Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.” House lawmakers stated that a vote for the infrastructure bill would take…
