Month: May 2022

Millennium Hires Former Bitstamp Exec Merghart to Lead Digital Asset Strategy

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Jane Street Dives Into DeFi With $25M USDC Loan

Prominent trading firm Jane Street has made its first stride into decentralized finance (DeFi), borrowing $25 million in USDC from BlockTower Capital via DeFi marketplace Clearpool, with plans to eventually increase that amount to $50 million, Clearpool confirmed in a press release Tuesday. Bloomberg first reported on the news. Source

Crypto Ban in India Urgent News – India Banned Bitcoin and cryptocurrency Latest News 2021 – Hindi

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto Ban in India Urgent News – India Banned Bitcoin and cryptocurrency Latest News 2021 – Hindi It is said that Indian Government is going to blanket ban on bitcoin and all private digital currencies. Previously many times india banned btc and other cryptocurrencies but recently again a bad news about crypto is circulating in market. Lets talks about it . #Cryptocurrencies #Bitcoin #IndiaWantsCrypto Email Address: cryptonotes@outlook.com Crypto Notes telegram channel link Join us on Twitter USEFUL LINKS FOR Crypto Trading ||||||||||||||||||…

DeFi trading platform, Gains Network launches leveraged trading of US stock prices!

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The decentralized finance (DeFi) ecosystem will introduce leveraged trading of US stock prices via its gTrade trading platform. Gains Network, a fully-fledged DeFi ecosystem, is launching its beta version of on-chain leveraged trading of US stock prices on gTrade, a decentralized trading platform. The beta launch will start off with three US-listed stocks namely $AAPL, $GOOG, and $FB, a statement from the Gains Network team reads. More US stocks are set to be added to the platform following a successful beta testnet period, it added. Announced Tuesday, May 3, the…

Can they take Ethereum’s throne?

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Ethereum has proven to be a formidable force. While its major issues have spawned other coins aimed at addressing them, Ethereum looks to shed its old skin with the release of Ethereum 2.0. Despite the fact that Ethereum was created six years after Bitcoin (BTC) and the introduction of blockchain technology, the digital asset Ether (ETH) has grown to be the second most valuable cryptocurrency in terms of market capitalization, surpassing coins such as Litecoin (LTC), Ripple (XRP), Dash (DASH) and Monero (XMR), which were launched before it. The technology…

Ethereum Name Service Domains Surpass 1 Million Registered Names – Bitcoin News

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Ethereum Name Service, or ENS, surpassed a million created names this week, according to statistics from the crypto metrics dashboard Dune Analytics. Data shows that there’s been a significant spike in ENS names registered during the last 30 days, and 24-hour statistics indicate ENS has been a top burner in terms of protocols burning the most ethereum. Over a Million ENS Domain Names Registered — ENS Burns $3.6 Million in Ether The number of registered ENS names created has surpassed 1 million total. Metrics indicate that the number of Ethereum-based…

OpenSea and Circle Back $6M Raise for DAO Platform Syndicate

“A lot of DAOs want something like banking accounts, and USDC is really exciting in terms of creating almost banking-like solutions,” Lee said. “Uniswap has extremely powerful infrastructure for exchange and liquidity, obviously, and a lot of our investment clubs are trading tokens or buying NFTs on OpenSea, for example, so partnering up with industry leaders in those areas makes a lot of sense for us.” Source

Cardano price drops to level that sparked a 65% ADA rally in March — Will history repeat?

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Cardano (ADA) price has been rebounding after falling to its worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA’s upside retracement could continue in the coming weeks. Can ADA price extend the recovery? ADA’s price has started bouncing after testing the same support area that preceded a 65% bull run in March 2022.  Specifically, ADA/USD witnessed a bullish rejection as its price fell below $0.75 on Feb. 24, a move that followed a short period of sideways consolidation. It later broke out of the flat price range,…

EU Commission report suggests rethink of regulatory approach to DeFi

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Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach to regulation.  On Monday, May 2, a crypto venture advisor at Presight Capital and a long-term expert on European regulation, Patrick Hansen shared some important details from the EU Commission’s “European Financial Stability and Integration Review 2022”. A report, dated April 7, contains a 12-page chapter on DeFi, in which the authors demonstrate a…