A less scrupulous figurehead would probably have said yes. Amid skyrocketing prices in decentralized finance, also known as DeFi — a current hyped niche of crypto — one project offered half a million dollars as payment for media visibility. An unnamed DeFi project contacted trader and YouTuber Tone Vays, offering $500,000 for advertisement, Vays detailed […]
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The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency. The current state of blockchain innovation in the United States is a tale of two asset classes. On one hand, the Securities and Exchange Commission’s reluctance to embrace or endorse blockchain-based securities has ground […]
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Cryptocurrencies like Bitcoin don’t quite convince Bailey, but he sees a lot of potential for stablecoins. During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.” In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey […]
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Bitcoin miners selling as well as a strengthening dollar are some of the reasons the price of BTC saw a significant correction, dropping below $11,000. The price of Bitcoin (BTC) dropped by 7% in less than two hours, liquidating over $100 million worth of longs on Sep. 3. On BitMEX alone, the sudden drop wiped […]
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The performance gains probably won’t be enough to overcome Nvidia’s mining disadvantage. Nvidia is set to release the next generation of its popular RTX series of graphics cards on Sep. 17. One of these will be the RTX 3080, which comes as the mid-range card among its peers the 3090 and 3070. However, the performance […]
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Companies like Visa and Mastercard are taking an interest in crypto startups to drive growth, but does this challenge the fundamentals of crypto? Financial services giants Visa and Mastercard have shown an increased interest in the trillion-dollar digital payment sector through their recent acquisitions of innovative fintechs. In January this year, Visa acquired fintech firm […]
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A massive yield farming strategy finally provides a mechanism to push the DAI price down. A new vault launched on yearn.finance is being credited for finally restoring the peg of Dai (DAI), the algorithmic stablecoin of the MakerDAO (MKR) project. As Cointelegraph previously reported, Maker had struggled with maintaining a strict $1 peg for DAI […]
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The U.S. dollar has rebounded from a crucial multi-year support area and the price of Bitcoin and gold are simultaneously rejecting. The United States dollar has started to rebound from a multi-year support level. Simultaneously, the prices of both Bitcoin (BTC) and gold have both dropped off. Additionally, the European Central Bank’s (ECB) warning against […]
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Current location based services have their limitations, but these new projects are leveraging blockchain technology to redefine how we navigate the world. What does the future hold? While these projects are ambitious, there is still a lot to do. It’s too early to say which if any of these projects will be the next adopted […]
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Binance is now an official blockchain advocate in Europe alongside Ripple. Blockchain for Europe, a major European association advocating for the balanced regulation of the blockchain industry, has welcomed the world’s largest cryptocurrency exchange. Binance, the biggest exchange by daily trading volume globally, has joined Blockchain for Europe, the association announced on Sept. 3. By […]
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