Category Archives: Crypto News

Ethereum DeFi Broke Records in June, But Other Categories Are Suffering

Ethereum’s 2020 DeFi boom came at the cost of its gaming ecosystem. Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi. Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions. According to Our Network, Curve was one of the biggest beneficiaries of yield farming as it helped users switch between different stablecoins to maximize yield. Curve is an automated money […]

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Cardano’s ADA May Be Listed on Coinbase Before the End of 2020

Cardano’s ADA may be listed on Coinbase by the end of 2020, this comes on the heels of the announcement that ADA holders will be able to stake their assets locked in the exchange’s vault. Cardano’s native cryptocurrency, ADA (ADA), may be listed on Coinbase by the end of 2020. This news comes following an announcement that ADA holders will soon be able to stake their assets in Coinbase custody. More announcements coming in 2020 An IOHK (Cardano development company) spokesperson released the following statement to Cointelegraph […]

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Wirecard Folds: A Blow to Crypto Cards, but a Chance for Blockchain

A temporary nuisance for crypto debit card holders, the Wirecard debacle reminds the public of the problems blockchain technology was designed to fix. Some of the most impactful frauds in modern history, from the Enron scandal to the Bernie Madoff investment scheme, were carried out by malignant actors inside or at the helm of corporate entities who manipulated the tangled, esoteric financial records. This is precisely the kind of behavior blockchain technology is designed to obliterate. The rapid demise of the German financial technology company Wirecard, which […]

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Vitalik Buterin Uses Questionable Historical Comparison to Explain Crypto Tribalism

The Ethereum co-founder cites an unlikely source to explain blockchain in-fighting. Ethereum (ETH) co-founder Vitalik Buterin tweeted that TRON (TRX) sympathizers within the Bitcoin (BTC) community are a “perfect exampleâ€� of German Nazis aligning with Japan during the Second World War.  Vitalik drew the questionable comparison in a reply to Bitcoin activist and independent developer Udi Wertheimer, who tweeted: “#Tron > #Ethereumâ€�.  The Ethereum co-founder wrote:  “I feel like this weird half-joking tron stanning in the BTC community might be a perfect example of this from @slatestarcodexâ€� […]

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Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK

Russian prosecutors are reportedly investigating a British firm that allegedly sold fraudulent Gram tokens. Shortly after lifting the country’s Telegram ban, Russian authorities began investigating potentially fraudulent offerings involving the company’s unlaunched token, Gram. The token was at one time meant to serve a new blockchain ecosystem known as the Telegram Open Network, or TON. Reports indicate that Russian prosecutors are set to investigate a British firm that allegedly sold fraudulent tokens related to Telegram’s terminated blockchain project. The news was reported on July 3 by the […]

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Tron is the Fourth Blockchain to Receive a Coveted Twitter Emoji

Tron becomes the fourth blockchain project to be assigned branded hashtags, outspending competition with five hashtags at once. Tron (TRX) becomes the fourth blockchain project to receive a custom Twitter emoji hashtag.  Justin Sun, Tron’s founder, unveiled the new emoji in a tweet on Friday. As customary in Tron’s marketing campaigns, the new emoji comes with a giveaway requiring fans to put the emoji in their profile bio. Like with Binance’s anniversary, the hashtag appears to be tied to a specific event. In addition to “#TRXâ€� and […]

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Ripple Likely Sold XRP in an Unregistered Securities Offering

The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong. In recent months, a number of class-action lawsuits have been filed against Ripple for selling its XRP token in an unregistered securities offering. So far, the United States Securities and Exchange Commission has not published any official statement on this, which has kept everyone guessing. To help put an end to the uncertainty, Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, published a paper last week arguing that Ripple’s […]

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Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap

Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months. USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization. On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018. According to data from Coin360, the coin has seen sharp growth since March 2020. USDC, the second-largest USD-pegged stablecoin after Tether (USDT), is ranked the […]

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Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go

As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues — such as data leakages, loss of customer funds during international transactions and poor accountability — in a totally automated fashion. In this regard, European payments provider SIA recently revealed that it […]

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Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

A report claims that the global food industry could save over $100 billion annually by implementing blockchain and IoT technology. Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven years. The lack of transparency and accountability in the global food industry’s supply […]

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