Day: December 11, 2020

Sanofi-GSK COVID-19 Vaccine Rollout Delayed Due to Low Efficacy with Older Patients

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Apparently, Sanofi noted that the vaccine was more responsive to younger patients, particularly those below 49 years. After months of intense vaccine development, jointly developed coronavirus vaccine by Sanofi SA (Euronext: SAN) and GlaxoSmithKline PLC ADR (NYSE: GSK) will not be rolled out as planned due to technical reasons. According to a statement released by both companies, their experimental coronavirus vaccine failed to show sufficient efficacy in older patients, particularly those over 50 years. Hereby pushing the rollout from mid next year to Q4. “We have identified the path forward…

Atari joins the Enjin multiverse, bearing NFTs for ‘Kick Off’ reboot

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Gaming giant Atari has announced a collaboration with blockchain game ecosystem Enjin, which will see its iconic IP and licenses integrated into games within the Enjin multiverse. The first fruits of this collaboration, according to a Dec. 10 blog post from the company, will be a range of cosmetic nonfungible tokens, or NFTs, for use in a brand new addition to the legendary football game franchise, Kick Off. The original Kick Off was released in 1989 for the Atari ST and Commodore Amiga, and was described in reviews at the time…

Users of Hacked Exchange Cryptopia Can Now Make Claims to Recover Funds

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The liquidator of the defunct cryptocurrency exchange Cryptopia has told former customers they can now begin making claims for the return of their funds. In a blog post Wednesday, the New Zealand branch of accountancy firm Grant Thornton said it has opened a claims portal allowing affected users to register for the repatriation of property still held by the exchange. All accounts were frozen after over US$17 million in in ether and ERC-20 tokens was stolen during a hack in early 2019. Grant Thornton said the “sheer volume” of emails…

YFI, AAVE, COMP plunge 10% — 3 reasons DeFi is seeing a huge correction

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Major decentralized finance (DeFi) tokens Yearn.finance (YFI), AAVE and Compound (COMP) plunged steeply in the last 24 hours. The three DeFi tokens, which are valued well over $500 million, declined by over 10% on the day. Yearn.finance, AAVE, COMP 15-minute chart (Binance). Source: TradingView.com Three reasons why DeFi-related cryptocurrencies pulled back particularly hard are low volume, the declining Ether (ETH) price, and the uncertainty around Bitcoin (BTC). Even top DeFi tokens like YFI and AAVE have comparably low volume Compared to major cryptocurrencies, like Bitcoin and Ether, DeFi tokens have relatively…

Mining in Minecraft | Expectations vs Reality | Minecraft Shorts | 2 | #Shorts

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India’s Largest Crypto Exchange CoinDCX Partners with UniLend Protocol

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Per the integration, CoinDCX users will have access to new DeFi capabilities powered by UniLend.  According to a recent announcement, India’s largest crypto exchange CoinDCX is integrating the UniLend protocol. On the 10th of December, UniLend Finance revealed the collaboration in a press release. As the announcement stated, UniLend will power new DeFi capabilities, which would be available for CoinDCX users. Then, CoinDCX users will have direct access to the new DeFi capabilities within the exchange. The announcement noted that the new DeFi capabilities would include UFT farming. 1/ Major news…

Fidelity Digital to Accept Bitcoin (BTC) as Collateral for Cash Loans

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Asset manager Fidelity continues to embrace the premier cryptocurrency. Fidelity Digital to Hold BTC as Collateral for Cash Loan In what comes as the latest impetus for the adoption of the world’s largest cryptocurrency, Fidelity Digital recently announced that it would be accepting BTC as collateral for cash loans. According to a Bloomberg report published on December 9, Fidelity Digital Assets – the digital assets offshoot of the Wall Street juggernaut – has announced that it would allow its institutional customers to pledge bitcoin as collateral against cash loans. This…

Russian officials must disclose their crypto holdings by June 2021

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Russia is the latest country to officially require its government officials to report their cryptocurrency holdings. President Vladimir Putin has signed a decree obliging Russian officials to disclose their crypto investments by June 30, 2021, local news agency TASS reported on Dec. 10. Officially released on Thursday, the decree stipulates new measures related to Russia’s federal crypto law “On Digital and Financial Assets,” or DFA. The form requires officials to disclose data like the name of the digital asset, the date of acquisition, the total amount of held assets, as…

India’s Banks Are Once More Serving Crypto Traders and Exchanges

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Banks in India are again doing business with select cryptocurrency exchanges and their customers. Top institutions such as State Bank of India, ICICI Bank, HDFC Bank and Yes Bank are allowing customers to use their bank accounts to fund cryptocurrency trading. They are further offering various facilities to cryptocurrency exchanges, sources familiar with the matter told The Economic Times. Accounts of major exchanges had been suspended after the Reserve Bank of India issued an order barring banks from using their systems for cryptocurrency-related transactions in April 2018. The ban was…

Glassnode CTO Expects Bitcoin to Rally More Than Ten Times

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Apparently, through several on-chain market indicators analyzed by Glassnode, Bitcoin market price is poised to rally more than ten times in the future, if things develop like 2017 and data holds true. Through a series of tweets, Glassnode CTO Rafael Shultze-Kraft highlighted through historical metrics what to expect in the Bitcoin market in the near future. Apparently, through several on-chain market indicators analyzed by Glassnode, Bitcoin market price is poised to rally more than ten times in the future, if things develop like 2017 and data holds true. 1/ Where…