Browsing Category
Crypto News
World’s Second Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin
China Construction Bank (CCB) has tapped Hong Kong-based digital asset exchange Fusang for the issuance of $3 billion-worth of debt securities over a blockchain.According to a Wednesday report by the South China Morning Post, tokenized bond…
Sam Bankman-Fried believes even ETH 2 can’t handle DeFi’s potential growth
FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling…
Cyberattackers Demand $11M in Bitcoin From Japanese Gaming Giant Capcom
Japanese Gaming Giant Capcom, creator of popular games like Resident Evil and Street Fighter, fell victim to a ransomware in early November, with attackers allegedly demanding $11 million in bitcoin in exchange for not leaking illegally…
Ethereum 2.0 Deposit Contract Tops $22.5M One Week After Launch
After going live last week, the deposit contract for Ethereum’s 2.0 upgrade now holds over 50k ETH – 10% of the threshold needed to activate the watershed update.This deposit contract is the cornerstone of the Ethereum 2.0 update and serves…
Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off
Ethereum is still the most popular off-chain destination for bitcoins (BTC) as the total supply of tokenized BTC reached 150,000 BTC ($2.05 billion) at the end of October, up 21% since September.Growth has slowed significantly, however,…
Biden Confirms Crypto-Savvy Gary Gensler Will Lead Financial Policy Transition Team
Gary Gensler, a Washington and Wall Street veteran who has closely studied the budding cryptocurrency field, will lead the financial policy transition team for projected U.S. President-elect Joe Biden.A former chairman of the Commodity…
Market Wrap: Bitcoin Flat at $15.3K; Crypto Locked in DeFi at All-Time High
Bitcoin is sideways Tuesday, with little price action. However, traders seem to be jumping into decentralized finance to maximize their crypto yield.Bitcoin (BTC) trading around $15,345 as of 21:00 UTC (4 p.m. ET). Slipping 0.30% over the…
Multisignature Wallets Can Keep Your Coins Safer (If You Use Them Right)
In traditional business, “key person risk” refers to when a company relies too much on one individual to succeed. Cryptocurrency businesses are prone to a very literal version of this risk when handling funds. The most infamous example may…
Legendary Investor Stan Druckenmiller Turns Bitcoin Bull
The billionaire investor made his pro-bitcoin comments on an appearance on CNBC.A few months ago, Stan Druckenmiller told CNBC that he could imagine inflation of 5%–10%. Yesterday, he returned to the network to discuss…
ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns
ShapeShift, the Colorado-based cryptocurrency exchange that allows users to self-custody their assets, has delisted another privacy coin.Zcash has been removed from the trading platform in addition to monero and dash. Decrypt reported last…