By now you’ve probably heard of Bitcoin. You may have heard that it’s made some people rich. You may also have heard that it’s a new form of digital money, and that it’s the future of commerce; or that it’s a criminal enterprise, and that it’s bad for the planet. The messaging is confused and confusing — which is partly…
As the crypto industry’s most bullish year ever comes to a close, it’s time to look back on the tokens that captured the zeitgeist of the past 12 months. These are the coins that sparked a new trend, created a sub-niche, or defied the odds by gaining traction. Sometimes their emergence resulted in massive price hikes, sometimes extreme volatility. Many…
press release PRESS RELEASE. NFTs have exploded in terms of popularity and usage in 2021, and for good reason. Artists and content creators alike have been able to profit immensely from NFTs, and many traders have also been able to benefit from buying, selling and trading these non-fungible tokens. However, one project in particular is looking to change the way…
Bitcoin (BTC) dropped nearly $4,000 on Dec. 28 as the market offered a sharp reminder that the bull run would need to wait. BTC analysts eyes $44,000 BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $48,335 on Bitstamp at Dec. 28’s Wall Street open. The pair had passed $52,000 the…
DeFi money market platform Aave today added a new market using real world assets (RWAs) rather than cryptocurrencies. Previously, Aave users could only borrow and lend cryptocurrencies, with rates adjusting based on market demand. The initiative is in partnership with Centrifuge, a crypto company that lets businesses tokenize aspects of their operations such as trade receivables and invoices. Once tokenized,…
beginner Changelly continues to expand the supply of cryptocurrencies available on the platform. Thus, UOS tokens can now be effortlessly exchanged at floating rates. UOS is an ERC-20 token delivered by Ultra. The UOS token serves a variety of purposes within the Ultra platform, both at the protocol (staking) and at the app (transactions) level. Ultra describes itself as a…
The Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal operations. Central Bank to Check Transactions Between Russians Exchanging Crypto As part of efforts to clamp down on certain…
Co-founded in 2018 by Chinese R&D expert Tang Hongbo, DeBank allows users to track 798 protocols across 17 chains. Source: https://cointelegraph.com/news/sequoia-china-leads-25m-equity-round-for-defi-wallet-debank
There’s another notable addition to the growing army of crypto supporters. Joe Tsai, the executive vice chairman of Chinese multinational Alibaba Group, has stated that he likes crypto. Tsai is also the full owner of the Brooklyn Nets. He bought the NBA franchise from Russian billionaire Mikhail Prokhorov in 2019 at a reported value of $2.35 billion, a league record.…
Hackers recently took control of a group of HP-branded servers and used them to remotely mine a cryptocurrency called raptoreum, according to reports. This resulted in the compromised cluster of HP machines becoming the biggest contributor to the total mining pool of the cryptocurrency, allowing attackers to rake in $110,000 worth. The coins are said to have been mined between…
