Monthly Archives: September 2020

Square CEO Jack Dorsey says Bitcoin holds the keys to security

He also took the time to discuss how content saved via Blockchains becomes effectively immutable. The Oslo Freedom Forum, an event-based entity under the wing of the Human Rights Foundation, or HRF, digitally hosted Square CEO Jack Dorsey for a quick interview on YouTube. During the engagement, the CEO spoke positively of crypto’s largest asset, Bitcoin (BTC).  “The whole spirit of Bitcoin, for instance, is to provide a trusted system in a distrusted environment, which is the internet,” Dorsey told host and HRF president Thor Halvorssen in […]

More info

Crypto ETP volumes fell in September as investors sought safer options

Cryptocurrency ETP volumes continue to drop as long-term investors look for safer options during Bitcoin’s dry spell. According to a recent report by CryptoCompare, a digital asset data resource, aggregate trading volumes exchange traded products (ETP) have plummeted drastically in the month of September.  Aggregate ETP Volume ($millions) Source: CryptoCompare Overall daily cryptorrency ETP volumes plunged by roughly 74%, dropping from $186.5 million exchanged in mid-August to an average of $48 million in mid-September.  Grayscale volumes take a hit Grayscale’s Bitcoin Trust product represents the overwhelming amount […]

More info

This non-Ethereum based DeFi project has $180M staked so far

This project is focusing on cross-chain interoperability and on-chain credit scoring to advance the DeFi lending ecosystem. Wing, a lending protocol built on the Ontology blockchain, currently has $180 million in crypto assets staked on its platform — not a meager amount, even by Ethereum (ETH) standards.  Eric Pinos, Ontology’s ecosystem lead for the Americas and an advisor to Wing, told Cointelegraph that he believes two features make this DeFi project unique: cross-chain interoperability with Ethereum and the fact that lending is credit-based, allowing for loans to […]

More info

Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide

The University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling, regulation, and security. The September 2020 third edition of the Global Cryptoasset Benchmarking Study concentrates on four market segments which include mining, payments, custody, and exchange. A great number of participants from the cryptocurrency industry took part in the University of Cambridge (UC) study including wallet providers, exchanges, miners, […]

More info

Law Decoded: Transformations in crypto exchanges and traditional institutions, Sept. 18-25

Maybe one day, drawing distinctions between crypto and traditional finance will seem quaint. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The final scene of Animal Farm, Orwell’s classic fable of revolution gone wrong and a staple of secondary-school reading lists throughout the English-speaking world, features a card game. The pigs who run the farm with an iron hoof host the humans who have gone from enemies of the revolution to drinking buddies of […]

More info

Price analysis 9/25: BTC, ETH, XRP, BCH, DOT, LINK, BNB, CRO, LTC, BSV

Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend. According to a study by researchers at the Cambridge Centre for Alternative Finance, the number of people who own Bitcoin (BTC) and other digital assets has surged from about 35 million in 2018 to over 100 million. This is a positive sign because the growth continued even when the crypto markets were not in a secular bull trend.  The allure of digital currencies is likely to increase further if […]

More info

Tokenized art: NFTs paint bright future for artists, blockchain tech

Historically, digital art has been almost impossible to monetize. Blockchain technology can solve that problem. On Sept. 23, auction-house giant Christie’s announced plans to sell its first nonfungible token, or NFT, at an auction. This was just one week after the record-setting $100,000 sale at auction of a digital art piece that also used a blockchain-based token to vest the collector’s new ownership rights. Meanwhile, Anthony Pompliano, Morgan Creek Digital co-founder and partner, wrote on Sept. 21: “I personally believe that the digital art market cap will […]

More info

Wish you bought Litecoin and other top alts at mid-2017 prices? Here’s your second chance

Some cryptocurrencies have retraced from their highs, back to prices seen several years ago. Several crypto assets are currently priced near their mid-2017 valuations, potentially offering a second chance to latecomers. One major caveat, however — these assets may never reach their highs again, or even rise at all from here. Buyers beware and do your own research.  Litecoin (LTC) sat at a price of around $33 on June 11, 2017, according to a historical snapshot from CoinMarketCap. Its current press time price trades slightly higher, at around […]

More info

Samsung’s new blockchain pilots are all about transparently tracking medicine

Blockchain continues to attract interest in the pharmaceutical industry. Samsung SDS will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management. The goal of these tests is to guarantee transparency in the process of tracking pharmaceutical drugs. According to Yankup, the IT branch of Samsung Group announced the pilot programs, named “Disruptive innovation technology for tracking drug distribution history,” at the BioPharma Cold Chain Logistics session in Seoul, South Korea. Officials from Samsung SDS also said that they’ve received “several” participation applications […]

More info

Did a class-action suit play a role in Maker’s refusal to compensate March crash victims?

The community had originally voted in favor of compensation, but the final tally showed a different outcome. After multiple rounds of voting and heated discussion, the final vote to compensate losses for Maker (MKR) users that were liquidated “unfairly” during the March crash failed. About 52,500 MKR voted against any compensation, which accounted for 65% of the total votes. This amounts to about 8% of the total MKR supply, which some commentators took as a sign of low turnout. Nevertheless, Maker community member monetsupply, who was part […]

More info
1 2 3 4