The crypto market collapse has triggered system-wide MakerDAO loan failures, sparking an upcoming community vote and the project’s first-ever Debt Auction. MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project’s first-ever Debt […]
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Two Chinese nationals acting for North Korean used ‘peel chains’ and doctored KYC photos to help launder more than $100 million in stolen cryptocurrency. Blockchain forensics firm CipherTrace has published a detailed analysis of how two Chinese nationals. associated with North Korea. laundered tens of millions of dollars worth of stolen cryptocurrency. The pair are […]
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MyEtherWallet has released a mobile app that allows users to buy crypto in 15 seconds flat — but there’s a catch. MyEtherWallet has released a mobile app called MEWconnect that allows users to buy crypto in under 15 seconds — but there’s a catch. Users need to have Apple Pay and face fees of 3.99% […]
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Binance is doubling fees for ETH withdrawals due to high ETH network congestion. Fired-up Crypto traders call the decision robbery. Binance announced in a tweet on March 12 that it is doubling fees for ETH withdrawals. The company cited network congestion as the reason for the decision. The tweet specified: “To better facilitate ERC20 and […]
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The crypto markets are currently facing a strong wave of selling leading traders to focus on whether cryptocurrencies will form panic bottoms soon. Governments and citizens across the world are in a state of panic as cases of coronavirus continue to rise. This has rocked global equity markets for the past few days and volatility […]
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Inter-American Development Bank supports blockchain pilot to help fight violence against women, children, and the elderly. The Inter-American Development Bank has launched a competition that invites projects to propose blockchain-based solutions for preventing violence against women, children and the elderly. Companies, entrepreneurs, startups and NGOs are all invited to submit their ideas. The challenge, called “Blockchangel,” was proposed […]
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An Overstock shareholder believes that the company’s directors facilitated the former-CEO Patrick Byrne’s dumping of $90 million worth of stock last September. Online retailer Overstock is facing a lawsuit from shareholder John Murphy over former CEO Patrick Byrne’s abrupt departure from the company and off-loading of $90 million worth of shares. According to Law360 on […]
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French regulators are considering a regulatory sandbox meant to study the impact of security tokens in the European Union. European businesses may soon have a new jurisdiction in which to experiment with security tokens while regulators evaluate the pros and cons. France’s markets regulator, the Autorité des Marchés Financiers — or AMF — is considering […]
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One of the world’s oldest crypto exchanges, OKCoin, now allows users in Singapore and Brunei to trade the Singapore dollar against Bitcoin and Ether. OKCoin, one of the world’s oldest cryptocurrency exchanges, is continuing to expand its fiat-to-crypto onramps by adding support of the Singapore dollar (SGD). Starting March 12, OKCoin users can deposit and […]
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America’s largest bank, JPMorgan Chase, has settled a $1 million class-action lawsuit over unannounced changes to its credit cards’ fee schedule for crypto purchases. The sixth-largest bank worldwide, JPMorgan Chase Bank, has settled a lawsuit over unannounced changes made to the fee structure applied to cryptocurrency purchases made using its credit cards in 2018. The […]
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