A central bank digital currency in Brazil may be inevitable. The president of Banco Central — Brazil’s central bank — has announced Brazilians could expect to see a central bank digital currency before 2023. According to a Sept. 2 report from news outlet Correio Braziliense, Brazil could be ready for a central bank digital currency […]
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A Wikipedia page on Australian blockchain firm Power Ledger bites the dust. Anti-crypto activist David Gerard — author of Attack of the 50-Foot Blockchain — has once again used his influence as a senior Wikipedia editor to remove a blockchain related entry about Australian firm Power Ledger. In his latest blog posting, the Wikipedia editor […]
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A fake advertisement intended to send up the yield farming frenzy has turned into a genuine NFT farming DAO with a $3 million market cap. Degenerator, or MEME, an obscure project that began life as an airdrop to Telegram users, has managed to garner a $3 million market cap and is seeking to carve a […]
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The Celo platform utility token can now be traded on Coinbase and Coinbase Pro. Coinbase, the largest cryptocurrency exchange in the United States, will now offer support for Celo — an announcement that led to a 32% price surge in less than two hours. According to a Sept. 3 blog post from Coinbase, the exchange […]
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Latin American companies are looking towards crypto as an escape from the banking system. New York-based blockchain analytics firm Chainalysis has published new research highlighting there have been up to 200,000 crypto transactions in the past year, worth more than $1 billion between Latin America and Asia. The study Latin America Mitigates Economic Turbulence with […]
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Yearn.finance’s yETH vault took in $140 million in ETH over 48 hours, signalling that automated investing may be the next DeFi frontier. Yearn.finance, an automated DeFi yield-farming protocol, has recently launched the latest yvault strategy, yETH. yVault strategies are a set of predefined actions that allow users to deposit funds and have them automatically sent […]
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They are apparently working on other things that are of a higher priority. A Shift Crypto employee successfully deployed a ransom attack on Trezor and KeepKey hardware wallets last May. While Trezor released a fix on September 2, KeepKey has yet to fix the issue. According to a blog post published on September 2, the […]
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Can MIT help the U.S. catch up to China in the CBDC race? The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph: “We’re trying to build a high throughput, low latency […]
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Bitcoin, gold, and the S&P 500 all sharply dropped today, causing traders to fear BTC is on the verge of a trend reversal. The price of Bitcoin (BTC), the S&P 500 index, and gold all fell simultaneously on Sept. 3. The sentiment around the markets remains cautiously negative after the drop. Two factors likely triggered […]
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Is DeFi a mousetrap for retail investors? On September 2, the revenue of Ethereum (ETH) miners reached an all-time high of 51,541 ETH. While this may be good for the miners, it could turn popular DeFi projects into a mousetrap. Ethereum miner revenue, percent from fees and total gas used. Source: Glassnode. When denominated in […]
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