Bitcoin market analyst filbfilb reveals key similarities between now and late 2016 as bullish sentiment keeps building for BTC price. Bitcoin (BTC) is repeating the bull run that sent it to $20,000, chart data shows as a new report says $10,000 was an “entry point” for investors. In a tweet on Aug. 13, Cointelegraph analyst […]
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Yam Finance, an experimental DeFi protocol, crashed to zero after the discovery of a rebase bug. Compound, Yearn Finance, and Balancer plunged shortly thereafter. Yam Finance, an experiential Decentralized Finance (DeFi) protocol, saw its market cap crash down to zero within minutes on Aug. 13. With it, major DeFi tokens, including Compound, Yearn Finance, and […]
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Ripple is working to explore new use cases for its blockchain network. The much-debated blockchain firm Ripple is now planning to expand its use case far beyond just streamlining cross-border payments in partnership with national and international banks. Ripple had focused its efforts solely on cross-border payments for the past five years when Brad Garlinhouse […]
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DAGs present an encouraging approach, aimed to improve the existing speed, scalability and cost issues of blockchain technology. The more time you spend in the blockchain and cryptocurrency industry, the more you encounter some fairly arcane technologies and their accompanying terminologies. Blockchain technology, which started out as a simple immutable record composed of blocks of […]
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The arrival of digitized securities is one of the core aspects of the federal government’s blockchain strategy, German authorities say. Federal regulators in Germany are looking to modernize the country’s securities with blockchain technology. On Aug. 11, Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) introduced a […]
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Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules. Cryptocurrency firms in Ireland will soon be regulated in line with the latest European legal framework for the prevention of money laundering and terrorism financing. On Aug. 10, the Cabinet of Ireland approved a bill to transpose the […]
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Grayscale and MicroStrategy lead a surge in institutional demand for new coins, with selling not part of the landscape, data shows. Institutions are buying huge amounts of Bitcoin (BTC) and hodling, not selling it, data shows as the network mimics early 2016. Data from various sources uploaded to social media this week show that over […]
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Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12. This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national […]
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Unaudited contracts resulted in its death after all. A bug in the hastily-developed contracts for Yam Finance resulted in the governance contracts being “permanently broken” and $750,000 worth of Curve tokens being locked from use. Andre Cronje, DeFi developer and founder of the yEarn protocol, told Cointelegraph that this resulted from a bugged rebase function. […]
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South Korean exchange UpBit received four licenses to operate a digital asset exchange in Thailand. After a series of regulatory changes led the South Korean exchange UpBit to force out its foreign users from the platform, the company is setting up a new division in Thailand. According to an announcement shared with Cointelegraph, UpBit has […]
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