Ask any crypto trader on Robinhood what they’d ask the company’s executives and you’re likely to hear the following question: “Wen SHIB?” Christine Brown, COO of Robinhood Crypto, told Decrypt Editor-in-Chief Dan Roberts at today’s Crypto Goes Mainstream live event that the company is taking its time with listing Shiba Inu, the 11th-largest cryptocurrency by market capitalization and the hottest…
Category: News
In the next three to five years, the DeFi industry will grow massively, says 1inch Network co-founder Anton Bukov
Its only been two years since its founding, but decentralized exchange (DEX)protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the network. DEX aggregators are platforms that source liquidity from multiple…
Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support
Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin’s move to a new all-time high and the ensuing consolidation that tends to occur after (BTC)pulls back to retest underlying support levels. As is often the case when Bitcoin has pullbacks during a bull market, some of the outflows find their way into the altcoin market…
Grayscale CEO: Bitcoin ETF ‘Has Become a Political Issue’
The ongoing question of whether U.S. regulators will approve a Bitcoin spot exchange-traded fund has “become a political issue,” according to Michael Sonnenshein, CEO of digital asset manager Grayscale. Speaking at the “Crypto Goes Mainstream” event hosted by Decrypt and Yahoo Finance, Grayscale CEO Michael Sonnenshein said that the debate has now spread beyond the “investment community” to draw in…
Government Official Says Zimbabwe Currently Gathering Views on Cryptocurrencies – Emerging Markets Bitcoin News
An official with the Zimbabwean government recently confirmed the country’s administration is currently gathering views about cryptocurrencies from knowledgeable persons. Government’s Lingering Concerns Charles Wekwete, who is the head of the e-government unit, suggested that the country will only adopt a formal position on cryptocurrencies once the consultation process is complete. According to a Sunday News report, Wekwete — who…
The International Chess Federation is first global sports association with its own NFT marketplace
Digitalization keeps on coming to one of the oldest games in the world as FIDE, the International Chess Federation, announces its plans for a nonfungible token (NFT) marketplace. The group said that the marketplace, which launches at the end of November, will be called ChessNFT. FIDE is the first global sports federation to create its own NFT ecosystem and it…
The Problem With Decentralized ExchangesAnd How To Solve It
Despite the proven economic value of decentralized exchanges (DEXs)Uniswap, for example, recently traded more than $440 million in just 24 hoursthey come with some serious baggage that’s hindering the growth of decentralized finance (DeFi). The requirement to process orders through smart contracts causes latency, a lack of liquidity leads to price slippage, and high transaction costs are a barrier to…
Largest cryptocurrency exchange in Latin America to develop renewable energy tokens
In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to implement two types of tokens. The first, set to launch in 2022, will be tied to a cashback…
Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heights
The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to108,949 compared to108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0. Ethereum addresses…
US Treasury Sanctions 2nd Cryptocurrency Exchange, Seizes $6.1 Million – Regulation Bitcoin News
The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange The U.S. Department of the Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has sanctioned ransomware operators and a cryptocurrency…