Monthly Archives: September 2020

Glassnode: Uniswap team may have misled community over team token vesting

Binance may currently be the only one capable of making Uniswap governance proposals, which does not bode well for its decentralized competitor. A recent post from Glassnode has called Uniswap’s decentralization into question, while insinuating that the platform’s developers might have intentionally misled the community about how the team’s allocation of UNI tokens will vest over time. Uniswap’s team, investors, and advisors have been allocated 40% of all UNI tokens, with 21.51% of that figure going to the latter two. It seems that the distribution of these tokens, which […]

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3 reasons why traders turned bullish after Bitcoin price surged to $10.7K

Analysts are cautiously bullish on Bitcoin price after BTC surged 6% to $10,750. Today the price of Bitcoin (BTC) abruptly rose by 6% from $10,136 to as high as $10,743.  After this powerful 24-hour rally, analysts are now turning cautiously bullish for various reasons but will Bitcoin price be able to tackle the $11K mark any time soon? Cryptocurrency daily market performance snapshot. Source: Coin360 Currently, the factors that appear to be lifting investor sentiment are negative funding rates, BTC whale activity, and the U.S. dollar’s recent […]

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100M people worldwide now use crypto-based assets, says Cambridge study

Skyrocketing figures show crypto’s growing global dominance.Skyrocketing figures show crypto’s growing global dominance Researchers at the Cambridge Centre for Alternative Finance recently revealed that 100 million people around the world currently hold Bitcoin (BTC) and other blockchain-based assets. In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified crypto users at about 35 million globally. As of Q3 2020, there are up to 191 million accounts opened at crypto exchanges — a figure which doesn’t include self-hosted wallets. The researchers explained the significant increase: […]

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Brazil plans to track COVID-19 vaccinations using blockchain tech

In the midst of a country-wide COVID-19 vaccination effort, Brazil looks to add blockchain-based tracking to the equation. A recent YouTube webinar from the Ministry of Justice and Public Security hosted discussion on blockchain’s usefulness in several categories, including the fight against corruption. Blockchain’s impact on COVID-19 tracing also surfaced during the discussion.  A report from Reuters at the beginning of September clarified that the country is not likely to push a mandatory vaccine, while Sept. 9 news reported by MercoPress estimated a 2021 debut date for a […]

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Coinbase wallet users targeted by new Android malware

This alien doesn’t care about taking over the Earth, but it may steal your Bitcoins and dollars. A newly discovered trojan, known as Alien, is attacking crypto apps on Android phones, including Coinbase, Blockchain.com, and Luno. This new malware strain is based on the notorious Cerberus trojan, which wreaked havoc in the Google Play store until the team responsible became complacent. Lack of continued distribution allowed Google Play Protect to almost completely eradicate Cerberus by August 2020. Alien targets 226 Android apps, mostly geared toward the banking industry. In […]

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Israeli regulators propose Bitcoin be taxed as a currency, not an asset

“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states. Four members of the Israeli legislature are recommending that digital currencies be treated more like fiat for tax purposes. According to a report from Israeli news outlet Globes, Knesset members MK Oded Forer, Yevgeny Soba, Yulia Malinovsky, and Alex Kushnir proposed on Sept. 22 that the government body amend existing tax law so that digital currencies like Bitcoin (BTC) would not be subject to capital gains taxes. Under […]

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Finance Redefined: Uniswap’s bang ends in whimper, Sept. 16-23

DeFi users got a fat stimulus check, but Uniswap’s token fell short of the community’s inflated expectations. The biggest event of this week was definitely the sudden release of Uniswap’s token, UNI, which enriched many DeFi users by at least $1200 each. Uniswap gave 400 of its tokens to anyone who had ever traded with the protocol, even if the interaction somehow failed. And by “anyone” I mean “any wallet” — some people almost certainly got more than one such allocation by having multiple wallets. Sadly, I […]

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New Loom Network CEO clarifies concerning information published by former employee

Is the Loom Network drama settled now? One of Loom Network’s former employees recently leaked information about the company’s Kickstarter-funded game, Relentless (also called Zombie Battleground). The leak alleged that the project, and potentially the entire Loom Network, were no longer actively being developed. The former employee, who has not worked for the company in over a year, claimed that the issues largely stemmed from Loom’s former CEO, Matthew Campbell. Campbell left Loom in Feb. 2020, and was replaced by a new CEO. “Dilanka accessed our Kickstarter account […]

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WTF happened in 1971 (and why the f**k it matters so much right now)

“The temptation to print money is the greatest temptation in the whole world.” If you’ve ventured on to Crypto Twitter this year, you may have seen a tweet from the meme account WTF Happened in 1971? Created in March, the account posts numerous times a week to its fast growing fanbase of 10,500 followers. A typical post features a graph that shows how inequality has grown in recent years, inflation has skyrocketed and how ordinary people are being priced out of houses and stocks due to low […]

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Leading Auction House Christie’s Listing Bitcoin Art for the First Time

The world’s largest auction house, Christie’s, will be presenting Bitcoin artwork for the first time. Block 21 of “Portraits of a Mind,” an art project showcasing the original Bitcoin code by Satoshi Nakamoto, will include a painting and a unique digital non-fungible token. Bitcoin Artwork Arrives at Christie’s Robert Alice, a blockchain art project, announced Wednesday the sale of a key artwork in the series entitled “Portraits of a Mind” at Christie’s, the world’s largest auction house. Portraits of a Mind is “a global art project to […]

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