US Senator-elect rails against potential crypto wallet ruling

Rumored upcoming crypto wallet regulation gains further opposition, this time from Cynthia Lummis, a recently elected Wyoming senator. As per recent rumors, United States Secretary of the Treasury, Steven Mnuchin, could drop a stringent piece of crypto-related legislation before his expected exit at 2020’s end. The ruling could potentially severely limit or ban self-custodied digital […]

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DeFi community raises centralization concerns over Compound Chain

Ethereum proponents and DeFi enthusiasts alike have panned plans by Compound Finance to launch its own blockchain in 2021. DeFi lending protocol Compound published a white paper on Thursday introducing Compound Chain, a new blockchain aimed at providing cross-chain value transfer capability. Reactions to the news have been overwhelmingly negative with many respondents on social […]

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Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira

The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption. Peer-to-peer (P2P) Bitcoin (BTC) volume in Nigeria continues to rise as Africa’s largest economy remains a bastion for crypto adoption. According to Quartz Africa, data from the Bitcoin P2P marketplace Paxful show the country ranks second only to […]

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CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

CB Insights and Blockdata release their first “Blockchain 50” list, highlighting interesting findings behind innovative blockchain companies. Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to […]

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