Monthly Archives: September 2020

Elastic Finance makes its case in the DeFi discussion

Is this new DeFi trend here to stay? The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “Elastic Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert. During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its own token, AMPL, a rules-based […]

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Swiss blockchain group formed to encourage new blockchain companies

The group also wants more research and academic studies into the technology. A new group seeking to promote research and support blockchain firms has been formed. The Ticino Blockchain Technologies Association was launched with the participation of the University of Southern Switzerland, also known as the Università della Svizzera Italiana (USI), and the University of Applied Sciences and Arts of Southern Switzerland (SUPSI).  The group’s goal is to support research and companies in the blockchain sector and promote academic studies of the technology. Other founding members are […]

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DeFi carnage, Chef Nomi’s admission, $625K prize for cracking Monero: Hodler’s Digest, Sept. 7–13

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   DeFi goes boom as top tokens crash by 50% But enjoy a sudden rebound It was an industry that looked like it was overheating for some time, and finally, at least for a short while, it appeared that […]

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Rapper TI Cryptocurrency Fraud: Charged and Fined $75,000 by SEC

Rapper TI and four other people, including film producer Ryan Felton, have been charged by the U.S. Securities and Exchange Commission (SEC) over fraudulent token sales. TI, or Tip as the rapper is also known, is also fined $75,000 by the securities regulator. Rapper TI and Film Producer Charged The SEC announced Friday the charges against rapper and actor Clifford Harris Jr. (often known as TI or Tip), film producer Ryan Felton, and three others over two fraudulent initial coin offerings (ICOs). The SEC also charged two […]

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Bitcoin hardware devices need to improve to handle complex transactions

Time for hardware wallet devices to make a difference. Jameson Lopp, co-founder and CTO of Casa, a crypto custody firm has released a test result report on Bitcoin multi-signature hardware signing performance on the Casa blog on Sep. 13.  The result shows that hardware crypto wallet devices can handle small, simple transactions well. However, they have trouble performing once the transaction becomes complicated. Casa is said to be built upon geographically distributed multisig, dedicated hardware devices to secure keys, designed user experience, and client services. Lopp pointed […]

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Investing in DeFi? Bet on diversification, not short-term gains

Several cases show us that while there are amazing opportunities for gains in the DeFi space, there are also many risks that must be considered. The decentralized finance space has grown exponentially over the last few months, to the point where more than $9 billion worth of crypto assets were locked in its protocols before crypto prices started dropping. The space had a little over $500 million locked in back in September 2019. This exponential growth in the last few months appears to be mainly related to […]

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Binance CEO wants more Ethereum-based DeFi projects to join his platform

A bold invitation from CZ. Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it. Zhao added that Binance Smart Chain provides the smart […]

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Filecoin unveils the second phase of Space Race

More testing for their mainnet. Filecoin has invited all miners around the world to participate in the second phase of its contest Space Race, which aims to help prepare its mainnet.  Filecoin explained in a post that it decided to conduct Space Race 2 after the large participation of miners in the first Space Race, who numbered more than 356 miners from 32 countries worldwide, and after the results from its first iteration.  The second Space Race is open to everyone beginning Sept. 14 until Oct. 5. […]

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Breaking free from global liquidity silos: New technology changes the game

The institutional adoption of digital assets and DLT is a clear signal that a new model for trading, ready to break down liquidity silos, is emerging. Economists, pundits, institutions and investors often talk about the global financial system. When stocks go up and trade thrives, they applaud its contributions to prosperity; when the markets crash and stocks dip, they blame its inhuman scale or its untrustworthy manipulators. But anyone who has attempted to diversify their portfolio with foreign stocks or acquire another nation’s bonds quickly comes to […]

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COVID-19 shook out retail investors but emboldened BTC whales: Report

Some bought the dip, others decided to wait it out. As the COVID-19 pandemic began, retail and institutional Bitcoin investors took very different approaches, new research from OKEx Insights and Catallact showed.  The research, which looked at on-chain BTC transaction data from January to the beginning of August 2020, found retail investors largely pulled back and took a wait and see strategy with Bitcoin. Larger, possibly more institutional investors, on the other hand, accumulated BTC. The report does not take into account transactions in the bulk of […]

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