Bitcoin fell to a seven-day low to start the week, as recent bullish momentum began to wear off in cryptocurrency markets. Friday’s stronger than expected U.S. non-farm payrolls report has made some question the Federal Reserve’s view that inflation has peaked. Ethereum also declined on Monday, however, it remained above $1,600. Bitcoin Bitcoin (BTC) started the week falling to a…
Usernames and passwords are a staple of the modern internet, and almost every service out there uses this method as credentials for access. This has led to some notable issues — one being that the data must then be stored on private servers outside of a person’s control, and the other being that these servers don’t always have the best…
Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry. According to a Securities and Futures Commission (SFC) report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities of local virtual asset (VA) providers. Moreover, the extra oversight will help “better assess the compliance…
Blockchain scaling technology firm StarkWare is set to partner with Chainlink Labs to bring oracle services, data and price feeds to the StarkNet ecosystem. The coalition will see StarkWare join Chainlink’s SCALE program and brings Chainlink price feeds to StarkNet’s testnet. Starknet tokens will also be used to fund certain operating costs for Chainlink oracle nodes, giving Starknet developers access…
It’s another day in crypto governance experiments. This time, Uniswap has taken center stage in a divisive new proposal to deploy the trading protocol on BNB Chain. Specifically, commentators have raised concerns about the emergence of an influential whale in the project’s governance process. That whale is venture capital fund Andreessen Horowitz, or a16z, which has deployed all 15 million…
Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about $16.2 million), would allow Capitual to start operating in Mexico, where Azimut has significant presence and operations. Capitual Gets €15 Million Investment From Azimut Fintech…
Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel. In a fireside chat titled “DeFi: Resilience in the Face of Global Uncertainty,” Kulechov and Cointelegraph’s managing editor Alex Cohen discussed various topics, including DeFi’s risks compared to…
Binance’s new tax tool will let users calculate the tax associated with their crypto trading activity. The new tool, which can reportedly support up to 100,000 transactions, will allow users to download a report showing a tax summary of any gains or losses made using Binance. The tool is currently only available in France and Canada, but a Binance spokesperson…
Several potential buyers have signaled interest in troubled crypto lender Hodlnaut, including its claims in FTX’s bankruptcy, according to a report. Various parties have contacted the Singapore-based company’s interim judicial managers, who were appointed to oversee its restructuring last summer, Bloomberg reported, citing a password-protected affidavit. The possible bidders are now in the process of signing non-disclosure agreements. Decrypt has…
January 2023 has been the second worst month for crypto layoffs as a new wave of redundancies hit the industry, with as many as 2,806 people losing their jobs, according to a new CoinGecko report. The overall number of layoffs the crypto industry saw last month may also put 2023 on track to surpass last year’s figure of almost 7,000,…
