Category Archives: Crypto News

Blockchain tech has a solution to secure your email

Email built on top of a blockchain platform might provide more communications security than centralized alternatives. The global COVID-19 pandemic has definitely created a clear delineation of remote work: The reliability of a company lies in its email service provider for all forms of communication. Let’s start with the origin of email. Email has been around for more than 50 years and is a formal channel of communication across the world. With more than 3 billion users, it is the most widely used and instantaneous form of […]

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Reeling from post-hack price slump, Easyfi reveals community compensation plan

Stablecoins, IOU tokens, and future incentive programs are coming down the pipe for jilted investors. After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history.  In a Tweet today, EasyFi announced their “Interim Compensation Plan,” a multi-stage process that includes immediate payments, IOU tokens, and incentive programs aimed at victims of the attack. 1/ #EasyFi is releasing a carefully thought out compensation plan for the […]

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1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance

A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share. As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.  One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a […]

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Bridgewater Associates CFO heads to Bitcoin-focused firm

The New York Digital Investment Group, or NYDIG, tapped Jon Dalby as its new CFO. Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG. “The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said in a public statement released on Friday. He added: “His kindness, curiosity, and humility, combined with his deep financial services experience, are a perfect match for […]

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Qtum price rallies 160% as the project’s focus on DeFi pays off

QTUM price hit a 3-year high above $35 as the team’s focus on DeFi and staking attracts new users. After rallying 1.510% in 2021, QTUM price hit a $35.70 all-time high on May 7. This relatively obscure altcoin launched in September 2017 is a fork of the Bitcoin Core 0.13 version, but it also integrates the Ethereum virtual machine (EVM) and smart contract execution capability.  Following Bitcoin’s (BTC) April 23 crash down to $47,500, QTUM faced a 52% correction in 4 days before bottoming at $10. However, […]

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6 Crypto-centric songs you may not have heard

Crypto has made for a genre-defying trove of lyrical content over the years. Here are some key examples of the industry’s musical creativity. While the cryptocurrency industry is mostly centered around technology and data, the people who inhabit our sector are not without their creativity. This is seen not only in the various solutions and inventions they create, but also in their artistic (and often humorous) works. Over the years, folks of the crypto space have crafted songs based on distributed technology, as well as its jokes […]

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Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments

A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy. In a broader effort to circumvent the effects of sanctions, Iran may be attempting one of the first instances of digital currency protectionism.  According to a Tweet from news outlet Iran International, The Central Bank of Iran announced a decision from the Cabinet on Wednesday decreeing that digital currencies traded in the country must have been mined, or “extracted” there as well, barring the exchange of digital assets mined abroad. While many observers have pointed […]

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Price analysis 5/7: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, UNI

Altcoins continue to rally higher and Bitcoin’s repeat tests of the $58,000 level signal that bulls are building momentum. Goldman Sachs has started offering its clients access to Bitcoin (BTC) trading through non-deliverable forwards, according to Bloomberg Law. Max Minton, Goldman’s Asia-Pacific head of digital assets, said that “institutional demand continues to grow significantly in this space.” Even Citigroup plans to introduce crypto-related services due to the increasing demand from asset managers and hedge funds. Although inquiries about Bitcoin surged in August 2020, the investment bank has been […]

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Crypto.com unveils EVM blockchain functionality and related fund

The new functionality will help smart contracts and applications from other blockchains transition over to the Crypto.org ecosystem. In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects. According to a Friday public statement from the company provided to Cointelegraph, the EVM feature goes live on the Crypto.org blockchain on July 14 of this year. “EVM support will be implemented as a […]

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Goldman Sachs launches limited BTC derivatives trading desk

After years of anticipation, Goldman is finally offering institutional partners trading services. One of the largest investment banks in the world just launched a cryptocurrency trading desk — though executives made sure to specify they would only be trading derivatives, and will not have actual digital assets on the books.  A CNBC report this morning revealed a internal Goldman Sachs memo announcing the launch of a cryptocurrency trading desk. The desk will be part of Goldman’s Global Currencies and Emerging Markets division, and overseen by Digital Assets […]

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