Monthly Archives: February 2021

Web-based YIELD App looks to tackle DeFi’s ‘inherent complexity’

YIELD App launched the public beta of its web platform Friday. Its target audience is retail investors looking for easy exposure to DeFi. Retail trading platform YIELD App has launched a beta version of its web platform, giving retail traders direct access to the fast-moving DeFi market.  The new platform, which is designed to simply DeFi access for the masses, registered 2,000 early users and collected $3 million during its private beta phase. Its investors include BnkToTheFuture, Alphabit Fund, Digital Strategies, PALCapital, Yeoman’s Capital, and Chronos VC […]

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Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services

The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank in the U.S., BNY Mellon, announced Thursday “the formation of a new enterprise digital assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving […]

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In First Activation Meeting, Bitcoin Developers Discuss Paths For Taproot

Taproot was merged into Bitcoin Core in October 2020, leaving only the activation method for this highly-anticipated protocol upgrade focused on adding smart contract flexibility and more transactional privacy to Bitcoin. Last week, the Bitcoin development community gathered via Internet Relay Chat (IRC) to discuss the parameters of the Taproot activation and two code pull requests (PRs) of the BIP 8 signaling mechanism.  “In an effort to get this closer to the finish line we are organizing a meeting on IRC on the ##taproot-activation channel on Tuesday […]

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Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant

A currency that gains value through abundance, not scarcity? That’s the object of a $3.3 million EU research project which doubled the value of an associated token overnight. A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program. The spot price for the Ethereum-based Streamr (DATA) token increased 116% leading into Feb. 12, after it was revealed the project would be used as part of an EU pilot aimed at creating a new kind […]

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T-Mobile sued by victim who lost $450K in Bitcoin in SIM swap attack

The wireless carrier is accused of failing to protect its customers from SIM swappers’ lucrative heists. Telecoms provider T-Mobile has become the latest corporate name to come under fire for its alleged negligence and failure to protect customer information, which indirectly enabled a “SIM swap attack” that led to the successful theft of $450,000, or 15 Bitcoin (BTC). A SIM swap attack — also referred to as a port-out scam — has proved to be a popular tactic with criminals in recent years. Such an attack involves […]

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Cointelegraph Consulting: BTC whales buying big as retail goes bullish

Big BTC holders continue to accumulate as recent news supports the bullish sentiment. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the total amount of BTC held by addresses with 100+ Bitcoin has seen a particularly strong uptick since the news of Tesla investing $1.5billion in BTC, growing by an additional 20,490 BTC. This brings the total amount of Bitcoin located in whale addresses to a new all-time high of just over 11.6 million, a number likely reflecting the increase in institutional […]

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Kyrgyzstan central bank plans to introduce licenses for crypto exchanges

The central bank of the Kyrgyz Republic wants to provide crypto investors with the same level of protection that is already in place in traditional finance. The National Bank of the Kyrgyz Republic, or NBKR, is reportedly planning to introduce a licensing regime for cryptocurrency exchanges in a move to protect local investors. NBKR chairman Tolkunbek Abdygulov announced that the country’s central bank is planning to start regulating exchange operations involving cryptocurrencies like Bitcoin (BTC), local economic publication Tazabek reports Feb. 12. Abdygulov said that the regulatory […]

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Rising Bitcoin and Ether derivatives markets are shooting for the spot

The impact of crypto derivatives on the spot market deepens as CME lists Ether futures on its platform. The crypto derivatives market is dominated by Bitcoin (BTC) and Ether (ETH), with the main platforms being Huobi, Chicago Mercantile Exchange, OKEx, Bybit and Deribit. The CME has also dipped in the Ether pool by launching its Ether futures on Feb. 8, which amounted to $30 million notional volumes on the first day. Prior to this launch, there was a huge $1-billion options expiry on Feb. 5, which lead […]

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Bitcoin ‘supercycle’ may emerge in 2021 as Fed balance sheet hits new record high

Indicators point to the moon as an ailing macro economy provides a mass influx of retail investors into Bitcoin. Bitcoin (BTC) is looking increasingly like it is in a “supercycle,” not just a bull cycle, statistician Willy Woo suggests. In a Twitter exchange on Feb. 12, the popular analyst joined Dan Held, growth lead at U.S. exchange Kraken, calling the current BTC market a bull run like no other. Woo: Retail has arrived Held had previously explained his theory about the state of Bitcoin in 2021 — […]

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Anonymous DeFi Project Core Announces New Token Project

Core, an anonymous and hyped DeFi project, has announced Delta, a new product and token. Core says this will “close the gap” between options trading and spot markets by “using a combination of liquidity standards to deploy an on-chain options layer with scalability in mind.” Anonymous Developers Behind Delta Project Will Work Towards Promoting Healthier Market Core was initially launched in September 2020 after successfully raising $60 million in locked liquidity. It’s currently preparing to launch a new product and Delta token, Coredex, which will bring a […]

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