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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Square is launching a consortium to pool patents and democratize access to innovative blockchain technologies Square, the U.S.-based financial services company headed by Twitter’s Jack Dorsey, is establishing a consortium to fight patent trolling and ensure open access to technology in the crypto sector. The ‘Cryptocurrency Open Patent Alliance’ (COPA) seeks to democratize access to […]
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DeFi could be a huge investment opportunity, a bubble ready to burst, or both. Former Messari Head of Product and well known crypto trader Qiao Wang believes the nascent DeFi sector has enormous growth potential. DeFi has been on a tear this year, with the total value locked growing from under $1 billion to just […]
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The United States IRS agency has announced a bounty of up to $625k to anyone who can crack Monero’s privacy. The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) […]
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Ethereum’s economy hits new milestones in terms of transfer value and ERC-20 market capitalization. Ethereum’s economic metrics are strengthening as transfer value and ERC-20 market capitalization continue to build momentum. Research by on-chain analytics platform Santiment has revealed that the market capitalization for all ERC-20 based tokens has flipped that of Ethereum itself. It added […]
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Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon. The supply of the Coinbase-backed stablecoin USD Coin (USDC) has grown by 250% since the start of 2020, including an 80% expansion in just the past two months. After starting the year […]
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The 2020 Chinese Blockchain Innovation rankings have been released. Beijing has been named as China’s top blockchain city in the 2020 Chinese Blockchain Innovation Rankings ahead of the blockchain hub of Shenzhen. The rankings were revealed in a special session at the China International Fair for Trade in Services Summit. According to Finance China, Beijing […]
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Mining operations in China were not adversely affected by the heavy rains. The Bitcoin network hash rate has remained strong and been largely unaffected by the rainy season and power outages in China, according to a Sept. 10 report by Stack Funds. Coin Metrics data supports the assertion, and the 7-day average Bitcoin (BTC) hash […]
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EU residents are becoming more comfortable with digital and contactless payments. The pandemic has seen consumers adopt digital payments in increasing numbers and the trend was accelerating, said the President of the European Central Bank (ECB) Christine Lagarde. She also indicated a panel of euro-zone central bank officials is set to reveal a verdict on […]
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Whether CZ is coming to the rescue or not remains to be seen. Eterbase, a Slovakia-based crypto exchange, was recently the victim of a $5M hack. According to an update from Eterbase, some of these funds appear to have ended up on a number of popular exchanges, including Binance, Huobi Global, and HitBTC. Binance CEO’s […]
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