The Dai stablecoin has hit its 100 million token debt ceiling ahead of an upgrade to its collateral protocol. The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted.  Data from Etherescan shows there are the top 100 holders of the Ethereum-based stablecoin hold over 72 percent of all Dai tokens.  The stablecoin originally had an upper limit of 50 million tokens. In July 2018, the Dai community voted to increase the debt ceiling to […]

U.S. authorities have charged a New York man with wire fraud for scamming users in a digital currency scheme dubbed Igobit. The Office of United States Immigration and Customs Enforcement’s Homeland Security Investigations and prosecutors for the Southern District of New York have indicted a man for allegedly participating in a cryptocurrency scheme dubbed Igobit. According to an announcement on Nov. 6, Asa Saint Clair was charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison if convicted. Used clients […]

Open-source public blockchain project Nervos has announced the launch of its mainnet dubbed Lina on Nov. 16. Nervos Network, an open-source public blockchain project, has announced the launch of its mainnet dubbed “Lina.” In an announcement on Nov. 6, the Chinese blockchain network founded by the creators of Spark Pool, the largest Ether (ETH) mining pool, stated that its mainnet is now fully developed, so miners and developers will be able to utilize the network starting Nov. 16. Nervos Network opened its token sale via CoinList on […]

Humanoid robot Sophia returned to the Web Summit stage in Lisbon to admit that she does know about cryptocurrencies, but has not yet used them. The humanoid robot named Sophia returned to the Web Summit stage, where she fielded questions from participants and journalists, including inquiries about blockchain technology and cryptocurrencies.  On Nov. 6, Sophia addressed the room at the latest edition of the Web Summit in Lisbon, Portugal, where she talked about artificial and robotic intelligence while answering questions on a range of topics. Sophia, who […]

Trading strategies that yield consistent profit can be hard to find but crypto analyst PlanB says it’s possible to gain 7-10% per year from Bitcoin. Trading crypto assets, or any market for that matter, is a zero-sum game. When one person wins, someone else must lose, making trading highly competitive. That being said, consistently profitable strategies can be hard to find. Recently, PlanB, a crypto investor and analyst active on Twitter, described a Bitcoin (BTC) trading strategy that yields a stated 7-10% profit annually with limited downside […]

U.S. regulators seek to curb binary options scams as they are entering the crypto sphere and becoming more clever. Mainstream finance and cryptocurrency are becoming more closely intertwined with each passing day. Just over a year ago, the idea of centralized financial behemoths trialing blockchain or crypto solutions would have been unthinkable.  Currently, cryptocurrency is traded like never before. In just the last few weeks, major players have launched both Bitcoin options and futures platforms, making cryptocurrency accessible to a whole new range of investors. For crypto […]

Trading platform eToro has acquired cryptocurrency portfolio management app Delta. Trading and investment platform eToro has acquired the cryptocurrency portfolio app Delta — an app that tracks 6,000 different cryptocurrencies and tokens on 180 exchanges. According to a press release on Nov. 6, eToro acquired Delta for an undisclosed amount, however, Israeli tech publication CTech reports that the deal was worth approximately $5 million.  Doron Rosenblum, the managing director of eToroX — eToro’s blockchain subsidiary — said that they would integrate Delta with the eToroX platform, which […]