Huobi makes a pitch to those who ”want to earn a good profit worry-free.” Singapore-headquartered exchange Huobi Global is rolling out cryptocurrency savings accounts tomorrow. The new product will go live at 7:00 a.m. UTC on Aug. 20, with availability restricted to certain jurisdictions. Residents of China, Hong Kong Japan, Singapore, the United States, Germany, […]
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Proceeds were spent on luxury cars, jewelry and real estate, rather than cryptocurrency mining and trading, surprise-surprise. The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe. According to an announcement from the U.S. Department of Justice, four of the five alleged […]
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Russian banks are not waiting for full regulatory clarity to issue crypto loans. Expobank, a commercial bank in Russia, has reportedly issued the country’s first ever loan backed by cryptocurrency. According to an Aug. 19 report by local news agency Kommersant, Expobank provided the credit through issuing an individual bank loan powered by Waves (WAVES) […]
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At around $12,000, buying Bitcoin has been a profitable activity on 97.6% of all days since April 2013, data confirms. Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its […]
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Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year. Rampant inflation is affecting Turkish residents’ confidence in the lira fiat currency. According to a Reuters report on August 14, locals are dumping lira and converting it to dollars and buying gold. Even with market interventions and […]
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The growing popularity of Uniswap is continuing to attract scammers, with fraudulent coins impersonating token sales for top crypto projects. Fake coins continue to plague decentralized exchange Uniswap, with prominent crypto projects associated with upcoming token sales reporting impersonators trading on the platform. On August 19, upcoming decentralized finance (DeFi) lending protocol Teller Finance tweeted […]
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DeFi token Ren surges as tokenized BTC grows in popularity. Wrapped Bitcoin competitor, renBTC, has made massive gains over the past week as the project’s token’s price, and the total amount of Bitcoin tokenized using the protocol surges. Ren is in second place behind Wrapped Bitcoin, or wBTC, which is currently the most popular method […]
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Goldman Sachs has put the word out it is seeking a new VP in the London-based Digital Assets team within its Global Markets Division. Investment banking giant Goldman Sachs is hiring a new vice president in the Digital Assets team within its Global Markets Division in London. According to a recent job posting on the […]
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Celebrity Ashton Kutcher has digitized and incarcerated a drawing that will be auctioned on NFT marketplace Cryptograph to support ecological charities. An ‘artwork’ doodled by famed That 70s Show star Ashton Kutcher has been digitized and will be auctioned on the new non-fungible token (NFT) and digital art marketplace Cryptograph. The auction will raise funds […]
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‘These kinds of token experiments are not going away,’ Messari said about DeFi project YAM doubling its total value locked. Experimental DeFi protocol Yam Finance all but collapsed last week following the discovery of a fatal error, but the project has since gained $200 million in total value locked. According to a report from crypto […]
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