An analyst says the Tesla stock chart looks similar to the weekly fractal of Bitcoin in 2017 when it achieved $20,000. Julian Bridgen, the co-founder of the macroeconomic research firm MI2 Partners, believes Tesla stock (TSLA) shows signs of a bubble. He compared the stock Bitcoin (BTC) in 2017 when it hit $20,000 and dropped […]
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Opinion: Binance ignored its own guidelines by listing SushiSwap’s anonymous and unaudited token. Chef Nomi has cooked up what appears to be the biggest exit scam of 2020, but should others be held accountable as well? Binance, like many other major exchanges, listed SUSHI raw and unaudited on Sept. 1. The token price doubled upon […]
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Opinion: Binance approving and listing SUSHI tokens says more about industry-wide standards rather than Binance’s policy. Binance’s Changpeng Zhao has received more than his fair share of criticism since Binance’s 2017 launch. As a high-profile crypto figure and the CEO of one of the sector’s largest companies, that is to be expected. But the denunciation […]
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Crypto businesses are unsure how to react to new regulations in the Russian Federation. Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but […]
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Banque de France Governor François Villeroy de Galhau wanted about the threat of “Big Tech” stablecoins. The governor of the Bank of France has warned that Europe cannot afford to lose momentum in tackling the challenges posed by private sector global digital assets. His warning came as five EU governments — Germany, France, Italy, Spain […]
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The Senate rejected a skinny $500 billion stimulus package, but for Bitcoin and stocks, it could be a good thing in the medium term. The United States Senate rejected the new stimulus proposal on Sep.10, which did not include a new round of $1,200 checks. However, this boosts the chances of a new proposal with […]
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Some are concerned the proposal could set a dangerous precedent. Polkadot (DOT) validator Web3Italy has been “slashed” and “chilled” after going offline for 14 hours on Aug. 10 and 11. This means that the validator has lost their staked tokens and been temporarily kicked from the network, respectively. Web3Italy went offline at the same time […]
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The Office of the Comptroller’s move to license payments firms at the federal level is receiving push-back from state regulators. Brian Brooks, Coinbase’s former chief legal officer and the current U.S. Comptroller of the Currency, is pushing to consolidate licensing regulations for payment companies at the federal level in the United States. Federal licensing for […]
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Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit. StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR). […]
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Despite the recent mini price crash, DeFi users have injected more than 20,000 Bitcoin into DeFi projects in the last week, suggesting the DeFi bull run isn’t over. The amount of BTC locked in decentralized finance projects increased by more than 30% in the past week, despite falls in the price of Bitcoin (BTC) and […]
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