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Report: Europe’s new crypto regulations pose existential questions for DeFi

October 6, 2020cashtechnews

Decentralized finance “may prove difficult to subject to regulatory requirements,” a regulatory adviser says. The European Commission’s newly proposed cryptocurrency regulations pose a specific risk for the decentralized finance (DeFi) industry, according to industry regulatory adviser XReg Consulting. Adopted by the European Commission on Sept. 24, the proposed Markets in Crypto-Assets (MiCA) regulations aim to strengthen […]

UK’s FCA bans retail crypto derivatives after year-long consideration

October 6, 2020cashtechnews

CoinShares’ pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers. The decision […]

Binance unlikely to enter Japan in 2020 after negotiations fail

October 6, 2020cashtechnews

A spokesperson for Tao Tao said it “could not agree on a strategy” with Binance. Japan-based digital asset trading platform Tao Tao ended negotiations with Binance, setting back the timeline for the crypto exchange to launch trading services for users in the Asian nation. According to an Oct. 5 update from Tao Tao, the platform […]

New Bitcoin addresses hit two-year high after China advertises crypto

October 6, 2020cashtechnews

Data shows 22,000 new entities created in a single day as one analyst suggests the added volume will translate to price gains. China may be behind a large spike in new Bitcoin (BTC) addresses as authorities launch a “targeted marketing campaign” — in favor of crypto. In a series of tweets on Oct. 5, analyst […]

Litecoin relaunches MimbleWimble testnet as Europol targets privacy protocols

October 6, 2020cashtechnews

Litecoin’s privacy feature testnet returns as news emerges that Europol sees privacy and coin mixing technologies as major digital threats Litecoin (LTC) has relaunched its MimbleWimble testnet — a protocol designed to enhance privacy and obfuscate the traceability of distributed ledger transactions. MimbleWimble is a modified implementation of the proof-of-work algorithm underpinning Bitcoin (BTC) in […]

DeFi indexes crash despite strong fundamentals

October 6, 2020cashtechnews

Binance Futures’ DeFi Composite Index has lost half of its value since launching, while TokenSets’ DeFi Pulse Index is down by one-third. On August 28, Binance Futures launched its DeFi Composite Index, a basket of DeFi tokens that initially comprised 27% Chainlink (LINK) and 11% Aave (LEND) alongside nine other prominent DeFi tokens that made […]

MetaMask hits 1M monthly users thanks to DeFi boom

October 5, 2020cashtechnews

The booming DeFi sector is driving up MetaMask’s user base, with the popular Ethereum wallet report now reporting more than one million active monthly users MetaMask, the Ethereum (ETH) browser wallet developed by ConsenSys, has surpassed one million monthly active users for the first time. The milestone comes roughly seven months after the wallet first […]

Lagging Bitcoin futures premium shows BitMEX is losing investor trust

October 5, 2020cashtechnews

BitMEX is maintaining respectable liquidity and open interest but the exchange could still face a total client exodus. For BitMEX, 2020 has been quite a rough year and from the look of things it’s only set to get worse. The popular derivatives exchange is no longer as relevant and impactful on crypto market price action […]

These China-based notaries are using the Blockchain to manage their client’s cases

October 5, 2020cashtechnews

They’ve been quietly handling thousands of cases for months now. 40 firms have used Shanghai’s blockchain-powered notary platform to handle over 3,000 cases since its launch in January. According to Jiemian, the “Hui Cun” platform (which is managed by Shanghai Xuhui Notary Public) is a blockchain-based electronic data storage protocol that exercises notarization functions. It […]

Fraudsters are switching from credit cards to Bitcoin, says consumer protection company

October 5, 2020cashtechnews

Scammers are taking advantage of one of Bitcoin’s strengths, as once lauded by Satoshi Nakamoto. Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection […]

Category: All News

Report: Europe’s new crypto regulations pose existential questions for DeFi

UK’s FCA bans retail crypto derivatives after year-long consideration

Binance unlikely to enter Japan in 2020 after negotiations fail

New Bitcoin addresses hit two-year high after China advertises crypto

Litecoin relaunches MimbleWimble testnet as Europol targets privacy protocols

DeFi indexes crash despite strong fundamentals

MetaMask hits 1M monthly users thanks to DeFi boom

Lagging Bitcoin futures premium shows BitMEX is losing investor trust

These China-based notaries are using the Blockchain to manage their client’s cases

Fraudsters are switching from credit cards to Bitcoin, says consumer protection company

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