The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic Euro monument in Frankfurt. Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous Euro sculpture. Announcing the news on Tuesday, Caiz said that the…
Volatility in cryptocurrency markets remained high on Thursday, as markets began to consolidate following a recent red wave. Bitcoin was back above $19,000 in today’s session, with ethereum also rebounding following recent losses. As of writing, the global crypto market cap is up 2.43% Bitcoin Bitcoin (BTC) was trading higher on Thursday, as crypto markets marginally rebounded following yesterday’s sell-off.…
Members of the decentralized autonomous organization (DAO) called Ooki DAO have started looking into an appropriate response to the charges filed by the United States Commodities Futures Trading Commission (CFTC). On Sept. 22, the CFTC announced a $250,000 penalty and settlement with bZeroX, the creators of the decentralized lending platform bZx protocol which suffered from code exploits in 2020 that…
Following designer Victor Weinsanto’s latest fashion collection showcase in the Marais district of Paris, there was the typical post-show scrum you’d find at any Paris Fashion Week event: models with their hair in elaborate styles that give Bjork a run for her money, photographers snapping street style shots, and a lot of cigarettes being smoked and gossip exchanged. Two floors…
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital currencies. Expert Lists Russian Regions…
Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions. Russian authorities are quite unlikely to approve the use of cryptocurrencies like Bitcoin (BTC) for cross-border transactions, according to local lawyers and fintech executives. Bank of Russia needs to control cross-border transactions It’s…
Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam said on Thursday that Bitcoin might “double in price” if it traded in a CFTC-regulated market. The chairman added that the crypto industry had “a massive opportunity for institutional inflows that will only occur if there’s a regulatory structure.” The comments come as the crypto industry faces intensifying scrutiny globally, from Brazil…
press release PRESS RELEASE. Bitcoin.com, a digital ecosystem and secure self-custody platform where users can accessibly and safely interact with cryptocurrencies and digital assets, is launching the Verse Development Fund, an initiative to accelerate growth and innovation in Bitcoin.com’s Verse ecosystem. In addition, the fund will empower projects that embody Bitcoin.com’s ethos of economic freedom and democratized finance. “Since 2015,…
As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use. In a report released by blockchain analytics platform Chainalysis, researchers found that Ghana has the potential to achieve crypto adoption levels similar to Kenya and Nigeria, countries which ranked 11th and 19th in…
Euler Labs COO: DeFi Lending ‘Duopoly’ of Compound and Aave Invites Competition Brandon Neal, COO of Euler Labs, told Decrypt’s Liam Kelly and Stacy Elliott in our Decrypting Mainnet booth at Messari Mainnet 2022 about how Euler approached the Ethereum merge, how to onboard more people into crypto and DeFi, and how Euler competes with Compound and Aave, the leaders…
