Day: September 22, 2021

eToro commits $1M to GoodDollar universal basic income project

Cryptocurrency investment platform eToro has committed $1 million to the GoodDollar universal basic income protocol, supporting the nonprofit’s effort to bridge the global wealth gap through DeFi and smart contract technology.  The additional capital will aid GoodDollar in expanding its protocol and introducing more recipients to cryptocurrency, eToro announced Wednesday. The GoodDollar system works by capturing the interest generated by staking donors’ contributions in leading DeFi protocols such as Aave and Compound. That interest is then distributed to a global community via GoodDollar tokens. GoodDollar token, which is marked under…

eToro commits $1M to GoodDollar universal basic income project

Cryptocurrency investment platform eToro has committed $1 million to the GoodDollar universal basic income protocol, supporting the nonprofit’s effort to bridge the global wealth gap through DeFi and smart contract technology.  The additional capital will aid GoodDollar in expanding its protocol and introducing more recipients to cryptocurrency, eToro announced Wednesday. The GoodDollar system works by capturing the interest generated by staking donors’ contributions in leading DeFi protocols such as Aave and Compound. That interest is then distributed to a global community via GoodDollar tokens. GoodDollar token, which is marked under…

Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?

Macroeconomic fears have gripped the bitcoin market over the past week, despite the appearance in price charts of a “golden cross” pattern that’s typically seen as a bullish indicator. A golden cross is when the 50-day moving average of an asset’s price climbs above its 200-day average. It happened in the bitcoin market on Sept. 15 for the first time in 15 months. But bitcoin’s price has receded by 12% to $42,000 since the golden cross appeared. “I think the market got itself a little too long,” Galaxy Digital CEO…

US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds – Bitcoin News

The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has added Suex to the Specially Designated Nationals and Blocked Persons (SDN) List. The move, announced Tuesday, effectively prohibits U.S. citizens from engaging…

1inch Bolsters Arbitrum DeFi Ecosystem With Exchange Aggregation

1inch has deployed its Exchange Aggregator and Limit Order protocols to the Arbitrum layer 2 network, the company said in a blog post. Aggregated exchanges will include Uniswap v3, Sushi, Dodo, Balancer, and Swapr. In a statement to CoinDesk on Telegram the team claimed that they can add additional exchanges in under three days as more automated market makers (AMM) launch on Arbitrum. 1inch has been among the most aggressive protocols in migrating across chains and scaling, or expansion, solutions, with implementations on Binance Smart Chain, Polygon and Optimism, in…

Cryptocurrency Market Overview (EN) | 06.01.2021 by @cryptospa

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello, dear YouTubers! In this video, I analyzed in detail the price chart of Litecoin (LTC/USD), by using Technical & Candlestick analysis in different time frames. In addition, I outlined some interesting candlestick formations and chart patterns. Enjoy watching the very long video and, please, comment! — *A few words about me: Just to let you know: I’ve been working professionally as a currency analyst for the last 14 years, and as a cryptocurrency analyst for the last 3 years. — **Important!…

Jaime Rogozinski, WallStreetBets: ‘Crypto Should Help, Not Replace TradFi’

“I don’t think you’re going to replace the stock market with the blockchain just because it’s better. I think they can coexist. Take all the benefits that you have from blockchain and figure out a way to adapt it.” Jaime Rogozinski is the founder and ousted chief of Reddit’s infamous trading community: WallStreetBets. He spent years watching crypto from the sidelines as a die-hard “stonks only” investor. This week on “Opinionated,” he tells Ben, Danny and Anna how he finally came around. Now, Jaime is playing a leading role in…

Solana DEX raises $18M Series A from Three Arrows Capital, Coinbase Ventures

Solana ecosystem project Orca has concluded an $18 million Series A investment round led by some of the biggest venture funds in crypto, offering further evidence that high-profile investors are keen to back SOL-based startups.  Orca, which operates as a decentralized exchange, will use the funds to continue developing its automated market maker solutions for Solana, the company announced Wednesday. The raise comes less than eight months after the project was launched by a two-member team consisting of Yutaro Mori and Grace Kwan. In addition to Three Arrows Capital, Polychain,…

Justice Department Denies Receiving 50 BTC Ransom Demand – Security Bitcoin News

South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘Completely Untrue’ Instead, the DOJCD insists that its tech experts, “industry partners and selected organs of state have been working hard to contain the problem and to restore systems affected by the ransomware attack.” Consequently, the department stated in a tweet that an article published by Mybroadband on September 20, is, therefore “completely untrue.”…