Major Russian bank VTB uses a central bank-backed blockchain to issue bank guarantees to local cellular network giant MTS. VTB, the second largest bank in Russia after Sberbank, has piloted a new blockchain-based system to issue bank guarantees. According to an official announcement on Dec. 16, VTB provided a blockchain-enabled bank guarantee to the country’s […]
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Major cryptocurrency exchange Exmo lost 5% of its total assets due to an apparent hacking attack. Exmo, a cryptocurrency exchange headquartered in the United Kingdom, has suffered a major security breach causing the platform to freeze all withdrawals. According to a Dec. 21 security notice, Exmo detected suspicious withdrawal activity on Monday, with large amounts […]
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The Filecoin network is recovering as miners upgrade to a new client after a four-hour network outage. Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most […]
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Institutions need to keep buying to avoid a price drop, JPMorgan analysts say, but the outlook is rosy and will come at the expense of gold. Institutional investors may be all that’s pushing up the price of Bitcoin (BTC), a new report from JPMorgan Chase claims. In comments on Dec. 18 quoted by Bloomberg, strategists […]
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BTC dips below an essential level to preserve upside chances with volatility reappearing in Monday trading. Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped by roughly 2.5% on concerns over the new coronavirus strain in the […]
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A vote on $600 payments to Americans combines with bank buybacks as one analyst says that institutional buying could mean the Bitcoin bull run “never stops.” Bitcoin (BTC) surged to a new all-time high over the weekend, but what’s in store as a new week begins? With $24,000 still in play, Cointelegraph takes a look […]
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A recent paper from a team of DeFi researchers proposes a new conceptual framework for liquidity mining. A new paper released on Thursday from a team of crypto researchers hopes to add to a body of work that will eventually identify “the Black-Scholes of decentralized finance (DeFi)” — an equation that will allow investors and […]
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Bitcoin is currently the center of attention but savvy investors have also noticed that Nexo token has rallied 480% in the last 3 months. Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely […]
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Decentralizing finance, governance and technology should be the ultimate goal for the DeFi sector. The role of governance in the booming decentralized finance industry is a nascent one, and there are ongoing conversations from key figures in the industry around its purpose and what governance may look like in the future. Sam Bankman-Fried of FTX […]
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Retail investors may think Bitcoin is now too expensive to buy, but dollar-cost averaging has proven to be one of the most effective methods available. Seasoned Bitcoin (BTC) investors know that the crypto market trades in cycles, and now that BTC price has surpassed its previous all-time high, a full-on bull cycle is underway. Crypto […]
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