Kylin Network has announced that it is entering into a strategic partnership with Wanchain. This partnership is part of a series of partnerships announced by the Kylin Network. The long-term strategic partnership will focus on safeguarding interoperable DeFi. The partnership combines Kylin Network’s innovative cross-chain data services and Wanchain’s leading blockchain interoperability solutions. How Does […]
Category: Crypto
Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin … so far
Vitalik Buterin has recounted how turned $25,000 into $4.3 million in three years by investing in DOGE. In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it […]
Kraken launches Kusama Parachain Auction platform as KSM defies downtrend
KSM token prices surge as Parachain auctions launch nears. U.S. cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange. In a blog post on June 8, Kraken revealed the new platform will enable users that qualify to pledge support for Kusama projects vying for a Parachain […]
Kraken Daily Market Report for June 08 2021
June 8: * Total spot trading volume at $2.14 billion, the 30-day average is $2.88 billion. * Total futures notional at $592.6 million. * The top five traded coins were, respectively, Bitcoin (-0.5%), Ethereum (-3.2%), Tether (0%), Cardano (+1.4), and USDC (0%). * Good returns from Kusama (+9.3%), Ren (+7.2%), and Curve Dao (+6.4%). The […]
PayPal processed nearly $2 billion worth of Bitcoin, Ethereum, and Litecoin trades in May
PayPal’s custodian of crypto funds, itBit, traded over $2.1 billion worth of Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and PAX in May, according to data provided by analytics tool Nomics. Owned by Paxos, itBit is a crypto exchange that provides liquidity for PayPal, a US company operating an online payments system that entered into the crypto […]
Coinbase says it was not involved in the DOJ’s Bitcoin ransom seizure
Coinbase CSO says ‘good ol’ fashioned police work’ landed the FBI the private keys. Coinbase’s Chief Security Officer has refuted suggestions the U.S. crypto exchange was involved in any seizure of crypto assets related to recent Colonial Pipeline ransomware attack. CSO Philip Martin took to Twitter on June 8 to explain the firm’s involvement, or […]
After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal
CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms. Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes DeFi derivatives platforms may contravene the Commodity Exchange Act (CEA). Speaking as part of a June 8 keynote address dubbed “Climate Change and Decentralized Finance: New Challenges for […]
Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System
Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of […]
The Number of Ethereum Transfers Hit a Monthly Low
The number of Ethereum (ETH) transfers has dwindled hitting a 1-month low of 24,471.607, as acknowledged by on-chain metrics provider Glassnode. (Read More)
Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration
Tesla CEO Elon Musk said he “pretty much” agrees with Ethereum co-founder Vitalik Buterin about a collaboration between Dogecoin and Ethereum. Buterin said: “if we can have a secure Doge-to-Ethereum bridge. That would be amazing.” Vitalik Buterin Talks About Dogecoin and Ethereum Bridge, Elon Musk Agrees Ethereum co-founder Vitalik Buterin talked about a potential collaboration […]