Monthly Archives: April 2020

Upbit Extends Its Partnership With Chainalysis for Enhanced Crypto Compliance

Legal, regulated crypto is starting to move through the Asia-Pacific region. Chainalysis announced the extension of its cooperation with South Korean crypto exchange Upbit today, aiming to provide blockchain analysis support across the Asia-Pacific region (APAC). According to the announcement, Upbit APAC will start using Chainalysis KYT (Know-Your-Transaction) to provide a safe trading environment and comply with the established procedures in the region’s different countries. As South Korea’s regulation oversees Upbit Korea’s operations, the crypto exchange hopes to become ever more compliant. Strengthening regulatory compliance Chainalysis KYT […]

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Coinbase Emerges as a Major DeFi Contender With Price Oracle Launch

Coinbase gets into the DeFi space by launching a crypto price oracle. Coinbase is trying to fix the broken DeFi industry with stable price oracles. In an April 23 announcement, Coinbase introduced the Coinbase Price Oracle — “a critically important service to the DeFi ecosystem” that will be available through the CoinbasePro API.  Both existing ways are worse Coinbase contends that the two existing approaches to price data feeds for DeFi — “published signed data” from a centralized source or using a price feed coming from a […]

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Recap of Cointelegraph Talks: E-Payments During Covid-19 and Beyond

Speakers from Ternio, Monarch, and Utrust weighed in on the future of the industry & the impact of COVID-19. The current pandemic is far from over and the economic, political, and social ramifications of this crisis remain unclear. Indeed, the nature of the workplace people return to might well be radically different to what previously existed. During an online panel session, hosted by Cointelegraph’s Stephen Chase, fintech pioneers debated how the Coronavirus could act as a catalyst for change in people’s attitudes towards working, technology, and online […]

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LabCFTC Director: In Crisis, Innovation in Finance Can ‘Get Us to the Next Stage’

The Director of LabCFTC talks accomplishments, future plans, and COVID-19 response with Cointelegraph. The United States regulator, Commodities and Futures Trading Commission, announced the CFTC’s first science contest, Project Streetlamp, earlier this week. Cointelegraph had a chance to speak with Melissa Netram, who is the Chief Innovation Officer and Director of the commission’s fintech office, LabCFTC. Netram took over the role from Daniel Gorfine in September. Cointelegraph was pleased to hear her thoughts on progress at LabCFTC since then, the impact of the COVID-19 pandemic, and her […]

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Two Crypto Exchanges Paid High Ethererum Fees to Ensure Quick Withdrawals

Data shows two major crypto exchanges covered surging Ethereum fees to ensure quick withdrawals for users. Data provided exclusively to Cointelegraph by blockchain and crypto analytics firm Flipside Crypto shows that Binance and OKEx paid large fees for Ether (ETH) withdrawals when the Bitcoin price crashed to $3,600 on March 13, a day dubbed as “Black Thursday” among investors in the cryptocurrency market. At the time, the Bitcoin (BTC) price dropped by around 50 percent in a single day, causing the price of Ether to plunge to […]

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Total BTC Fees for On-Chain Transactions Surged 50% in Last 24 Hours

The total fees paid for on-chain Bitcoin transactions over the last 24 hours increased by over 50% today. The total fees paid for on-chain Bitcoin (BTC) transactions over the last 24 hours increased over 50% since yesterday. On-chain data analytics service, Glassnode, pointed out several major developments shown by Bitcoin’s blockchain data. According to the firm, total Bitcoin fees paid over the last 24 hours increased by 50.7% to over $9,500. Furthermore, the Bitcoin mean fee paid by users increased by 58.8%, reaching $0.78. Meni Rosenfeld, the […]

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New Stellar Foundation Member Would Rather Buidl Than Hodl

One of the Stellar Development Foundation’s recent hires said he is personally more concerned with industry growth than trading or holding individual assets. International and Public Affairs professor, Ronaldo Lemos, a recent addition to the Stellar Development Foundation, or SDF, said his personal interests align more with industry growth than asset holding or trading.  “I’m more into using crypto as a tool to improve public institutions,” Lemos told Cointelegraph when asked about his crypto holdings and trading activities.    Lemos has worked with blockchain for governmental use […]

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Bakkt’s New CEO Steps Down After Only 4 Months

Bakkt’s new CEO steps down, leaving the Vice President of mergers and acquisitions to take over. Mike Blandina, former PayPal and Google veteran, is stepping down from his role as the CEO of digital assets company, Bakkt, after only 4 months on the job. Intercontinental Exchange, or ICE, the parent company of Bakkt, has indicated that its Vice President of mergers and acquisitions, Daivd Clifton, will succeed Blandina as the company’s CEO. Adam White, the company’s president, will maintain his role, according to an announcement on April […]

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Does the Crypto Community Think the Bitcoin Halving is Priced in?

After several months of halving chatter and anticipation, does Bitcoin’s price already reflect the event? Block halvings only occur every four years. Bitcoin’s third halving is set to take place in May 2020, but is the event already priced in? Twitter personality, The Crypto Dog, recently asked the community to weigh in.  “Do you think the halving is priced in?” the trader asked the crypto community in an April 22 Tweet.  This time is different Every four years, Bitcoin’s code dictates a 50% block reward slash. In […]

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LG’s IT Subsidiary Uses Facial Recognition Tech for Payments With Digital Currency

LG CNS is now testing artificial intelligence-based facial recognition technology to conduct payments with a digital currency. LG Corporation’s IT services subsidiary is now testing artificial intelligence-based facial recognition technology which allows users to conduct payments using digital currency. LG CNS used its employees to test the new facial recognition service, IT Times reported on April 23. The platform includes AI, blockchain, and cloud technologies. After identifying an employee, the system enables them to automatically pay for services and products at the corporate restaurant with a pre-registered […]

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