Bitcoin | Ethereum | Altcoin

2022-08-28 09:30:45 Singapore seeks crypto company details ahead of possible regulatory changes

The Monetary Authority of Singapore (MAS) is asking for detailed information from licensed cryptocurrency companies and from some applicants, Bloomberg reported on Friday, citing people familiar with the matter. In particular, Singapore-based hedge fund Three Arrows Capital filed for bankruptcy in early July, while later that month crypto exchange Zipmex filed for protection against creditors and crypto lender Vauld halted withdrawals.

Bloomberg said the MAS is asking companies for detailed information on crypto assets they hold, lending and borrowing counterparties and amounts loaned as well as top tokens staked via decentralized-finance protocols. An MAS spokesperson told Bloomberg in response to a query about the requests: “Licensees and applicants are expected to notify MAS of any events that materially impede or impair the operations of the entity, including any matter.

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2022-08-27 10:37:02 Istanbul Blockchain Week Set to Host Web3 Heavyweights This November

Istanbul Blockchain Week, the premier event of web3 and digital assets in the Eurasia region, will be inviting the world to Istanbul, one of the most adopted cities for cryptocurrency. Kicking off on November 14 with NFT Day, Istanbul Blockchain Week will host a whole week of exciting events culminating.

Istanbul Blockchain Week will make use of this incredible potential; offering attendees access to panels, events and discussions on investment, privacy, metaverse, NFTs, and government policy from around the globe. The leading blockchain event in the region will also be a chance to network with thousands of informed and involved attendees in a historic and beautiful city that bridges two continents. stanBlock, Istanbul Blockchain Week’s flagship two-day event kicks off on November 15.

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2022-08-26 04:04:02 Cardano is highest-ranking crypto brand in the latest ‘Top Brand Intimacy 2022’

Different cryptocurrency projects are jostling for market dominance as the general sector matures. In this line, projects with more use cases appear to resonate well with diverse audiences. In particular, decentralized blockchain Cardano (ADA) has emerged as the top cryptocurrency brand, with a quotient score of 52.6, according to the MBLM Top Brand Intimacy 2022 report.

Cardano ranked in the 26th position overall, toppling other mainstream brands like vehicle manufacturer Ford (NYSE: F) and food processing firm Nestle. Elsewhere, Bitcoin (BTC) ranked second among digital asset brands and positioned 30 overall, followed by Polkadot (DOT), with an overall rank of 111. At the same time, Ethereum (ETH) stood in position 120 and is the fourth intimate crypto brand. The MBLM’s Brand Intimacy Study focuses on the largest brands based on emotions.

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2022-08-25 08:56:02 Coinstar Moves Beyond Bitcoin, Adding Dogecoin, Ethereum to ATMs

Crypto onboarding service Coinme has announced the introduction of six new digital assets available for purchase via cash deposits at kiosk stations located across the U.S following a partnership deal with Coinstar. Alongside Bitcoin, users will also be granted access to Chainlink, Dogecoin, Ethereum, Litecoin, Lumens, and Polygon.

CEO and co-founder of Coinme Neil Bergquist said that the crypto service has allowed the firm to “scale to 10,000 additional physical locations, providing instant cash onramps to crypto, which can be purchased and securely stored in the Coinme wallet or sent to nearly any wallet globally.” According to a company announcement during the 2022 Bitcoin Conference, Coinme has expanded its Bitcoin cash service by 185% over the past year to over 21,000 locations across the United States.

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2022-08-24 10:13:02 Mark Cuban Slams SEC Chair Gensler's Stance on Crypto

Billionaire investor Mark Cuban has lambasted the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for the agency’s unclear regulations, claiming they make it “near impossible” for crypto investors and businesspeople to get clarity from the regulator. Cuban was responding to Gensler’s recent Wall Street Journal op-ed.

In the op-ed, Gensler wrote that “there’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology.”. The SEC will serve as the cop on the beat. As with seat belts in cars, we need to ensure that investor protections come standard in the crypto market,” Gensler added. Cuban, however, wondered how exactly investors and crypto firms are supposed to communicate with the SEC.

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2022-08-23 12:33:02 Ethereum staking explodes ahead of the Merge, 13.3 million ETH on the deposit contract

The Ethereum Merge, scheduled for mid-September, is drawing closer, as the volume of ETH deposited in the contract explodes. ETH2 staking addresses have climbed, as 13.3 million Ethereum tokens have been staked so far. Ethereum price suffered a decline, yielding 20% losses over the past week. Based on data from OKLink.

Despite the uncertainty surrounding Ethereum’s transition to proof-of-stake and the likelihood of a hard fork driven by proof-of-work proponents, the community has supported the Merge through ETH staking. It remains to be seen whether an increase in the volume of ETH staked fuels a bullish sentiment among holders. Every week since the beginning of August, 36,000 ETH have been deposited in the contract. This shows crypto trader’s support for the altcoin ahead of the Merge, an event slated to change the course of Ethereum’s value, utility and adoption.

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2022-08-22 10:42:02 United States Trustee Requests Independent Examiner in Celsius Bankruptcy Case

As if the Celsius bankruptcy case could not get any messier, U.S. government officials requested the appointment of an independent examiner. According to a court filing published on Thursday, the examiner would look into the company's financials and aim to resolve the "significant transparency issues" Celsius is experiencing.

An independent examiner is necessary here to investigate and report in a clear and understandable way on the Debtors' business model, their operations, their investments, their lending transactions, and the nature of the customer accounts to ensure public confidence in the integrity of the bankruptcy system and to neutralize the inherent distrust creditors and parties in interest have in the Debtors.". For instance, the filing acknowledges that Celsius took out a loan but stresses that "no description of the types of claims" by Celsius is provided, including the lender.

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2022-08-21 11:46:02 Solana’s Biggest DeFi Lender Is Leaning Into 'Permissionless' Loan Markets

Solend is giving the same “permissionless” principles underpinning decentralized exchanges’ limitless token listings a try on Solana Network’s cryptocurrency lending market. The biggest decentralized finance (DeFi) lender on Solana is letting anyone with 100 SLND.

Permissionless pools are troves of user-loaned crypto assets that help keep DeFi moving. Though widespread as liquidity sources for decentralized exchanges, they're less common in lending circles. Only a handful of lending protocols on the market leader Ethereum blockchain use them, and none on Solana. Already Solend’s 21 whitelisted lending pools supply Solana’s DeFi markets with $471 million in borrowable tokens such as SOL, USDC and wrapped assets like wBTC.

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2022-08-20 12:35:06 The case against BlackRock’s foray into Bitcoin

Bitcoin (BTC) received a much-needed boost when BlackRock, the world’s largest asset manager, announced its partnership with Coinbase to offer institutional clients access to BTC. In a blog post, Coinbase said the tie-in offers users of BlackRock’s Aladdin investment management platform direct access to crypto, starting with Bitcoin. Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock, said:

On the whole, the news was well received by Bitcoin advocates. For example, the founder of 10T Holdings, Dan Tapiero, called this a significant “macro opportunity” for adoption. He also added that just a 5% shuffle in BlackRock’s $10 trillion assets under management would be worth more than the entire BTC market cap. Similarly, Anthony Pompliano said this moment is “the birth and scaling of a new multi-trillion dollar asset class.”. However, while institutional adoption has long been touted as a golden ticket.

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2022-08-19 10:13:02 Acala recovers 2.97 billion of aUSD stablecoin minted during exploit

Acala, a parachain project on Polkadot, says it has recovered about 2.97 billion from 16 addresses that minted 3 billion Acala USD (aUSD) in a security incident last Sunday. The error allowed some Acala liquidity providers to mint its native stablecoin and illegitimately move them into their control.

Per the team, 99% of these “error mints” remained within addresses on the Acala network. This team halted the Acala chain and was able to freeze addresses that held the minted stablecoin. After placing the network in maintenance mode on Monday, the team was able to recover 1.292 billion aUSD. This sum was burned following a swift passing of a governance vote. The stablecoin has since recovered and is changing hands at $0.90 at the time of writing.

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