Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13. Source: https://cointelegraph.com/news/price-analysis-10-12-btc-eth-bnb-xrp-ada-sol-doge-dot-matic-shib
Month: October 2022
Custodia Bank founder Caitlin Long has some strong words about the Fed and BNY Mellon
The head of the Wyoming-based bank was taken aback when BNY Mellon was approved to provide crypto custody services; her bank’s master account application is still not processed. Source: https://cointelegraph.com/news/custodia-bank-founder-caitlin-long-has-some-strong-words-about-the-fed-and-bny-mellon
Compound Founder: Stablecoins Have ‘Crazy Traction’ and Do What Bitcoin Was Expected to Do
Compound Founder: Stablecoins Have ‘Crazy Traction’ and Do What Bitcoin Was Expected to Do Compound founder Robert Leshner joined Decrypt’s Dan Roberts and Stacy Elliott at Chainlink SmartCon 2022 to talk about the shift Compound has seen in borrowing demands and how it has adjusted accordingly, why he believes stablecoins “will win and conquer everything,” and how regulators are approaching…
Crypto.com Follows Binance Into France, Invests $145M in Paris HQ
Binance isn’t the only crypto company seduced by France’s pro-business environment: today Crypto.com announced it would base its regional headquarters in Paris. In a Wednesday statement, the Singapore-based crypto exchange said it was investing €150 million ($145.3 million) in France. The cash will go towards setting up its European HQ in the capital and hiring local talent in the fields…
Senator Warren leads the charge against energy consumption claims on Texas crypto miners
According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas. Source: https://cointelegraph.com/news/senator-warren-leads-the-charge-against-energy-consumption-claims-on-texas-crypto-miners
Regulators Are Targeting Stablecoins Due to ‘Crazy Product Market Fit’: Compound’s Robert Leshner
Stablecoins have emerged as the life-blood of the crypto industry. At a hefty $150 billion in total market capitalization, even after the collapse of Terra’s algorithmic stablecoin UST earlier this year, they may be one of crypto’s best current use cases. At least according to one of the earliest DeFi founders. “Whether you’re a retail user, a hedge fund, an…
NFTs create a more frictionless experience for collectors, says RTFKT co-founder
Cointelegraph spoke with Steven Vasilev, the co-founder of RTFKT to learn more about how NFCs and NFTs can be used together to create better user experiences. Source: https://cointelegraph.com/news/nfts-create-a-more-frictionless-experience-for-collectors-says-rtfkt-co-founder
Custodia’s Caitlin Long Blasts Fed Over BNY Mellon Entering Crypto
BNY Mellon, the oldest and largest Wall Street bank, announcing its crypto custody service yesterday was bitter news for Caitlin Long. The founder and CEO of crypto bank Custodia spent 22 years on Wall Street before moving back to Wyoming to work in blockchain. In 2020, at the dawn of the COVID-19 pandemic, she founded Avanti Bank, which would later…
BNB Chain Upgrade Restores Cross-Chain Transfers Following Binance Bridge Hack
BNB Smart Chain successfully deployed an upgraded version of its network, resolving several cross-chain issues following the multi-million dollar bridge hack last week. “All relevant funds stuck in cross-chain transfers will now have arrived in your target wallet or source,” said BNB Chain on Wednesday. “Transfers between BNB Beacon Chain and BNB Smart Chain are now functioning normally.” According to…
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March – Bitcoin News
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117 million against the exploited collateral.…