The top officers of HDR, the parent company of crypto trading platform BitMEX, which has been charged with facilitating unregistered trading and other violations, systematically looted $440,308,400 from HDR accounts, a civil lawsuit claims. HDR denied the original charges at the time they were brought....
Month: October 2020
Sleepy Swiss town launches Tezos-backed Coronavirus aid program
On Friday the Swiss town of Wetzikon — formerly best-known for its idyllic pastures and churches — launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be...
Only 8% Of All Examined Decentralized Exchanges Are Safe: Report
Decentralized finance exploded in popularity this year and especially during and after the summer. Apart from numerous DeFi-oriented protocols, the cryptocurrency space saw the emergence of multiple new decentralized exchanges. The sharp increase in demand led to rapid project developments and impressive volume growth. However,...
MicroStrategy’s bottom line gets beefier on Bitcoin moves: Bad crypto news of the week
It’s been another strong week for Bitcoin. The dollar price is up about 2.5 percent over the week, although that’s still something of a decline from its recent high above $13,400. At one point, Bitcoin fell 4 percent in 24 hours. But bulls remain optimistic...
US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says – CoinDesk
U.S. banks are looking at ways to handle crypto adoption in the wake of the Office of the Comptroller of the Currency’s (OCC) July decision to allow banks to provide custody for cryptocurrencies, Acting Comptroller Brian Brooks said in a podcast. That may mean partnering with...
Bitcoin reaches $14K for the first time since January 2018 — what’s next?
Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new...
0x charts path towards cross-chain asset exchange and liquidity aggregation
In a blog post on Friday, 0x Labs product manager Theo Gonella laid out the protocol’s ambitious plans to direct development towards a promising, if technically tricky horizon for permissionless exchange: seamlessly connecting the growing constellation of viable layer-1 blockchain platforms. The Ethereum-based protocol, designed...
What industry leaders would wish for Bitcoin’s white paper 12th anniversary
While the crypto community decides whether Bitcoin (BTC) was born — or merely conceived — 12 years ago, the fact is that Oct. 31, 2008, remains one of the most notable dates in humanity’s modern history. Exactly 12 years ago, Satoshi Nakamoto published what some have described...
Bitcoin and DeFi Rally Led Crypto Hedge Funds To Log More Than 100% Gains in 2020
Owning to the Bitcoin and the aggregated cryptocurrency market’s recent roaring rally, BTC, and crypto hedge funds have reportedly registered profits upwards of the 100 percent mark. This comes amid the rising sentiment of sidestepping banks to avail quick loans through digital assets. What does...
Former Google lawyer joins spate of high-profile attorneys entering crypto
On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping...