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2022-10-31 05:55:05 Dogecoin shoots by 115% in a week as bulls push DOGE to reclaim 5-month high

Meme cryptocurrency Dogecoin (DOGE) is recording significant gains in the wake of Twitter’s (NYSE: TWTR) acquisition by Tesla (NASDAQ: TSLA) CEO Elon Musk. The asset is also witnessing increased buying pressure, with investors hoping Musk’s takeover of the social media giant will likely give DOGE more utility.

In particular, by press time on October 29, Dogecoin was trading at $0.12, recording gains of 115.25% from the $0.05 value witnessed on October 23. Furthermore, the DOGE weekly chart shows the price peaked at $0.14 on October 23, representing a five-month high. At the same time, the asset is recording a spike in capital inflow. By press time, the token controlled a market cap of $16.86 billion, representing an additional $9.02 billion within a week.

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2022-10-30 08:54:02 Over 70% of Bitcoin millionaires were wiped over three quarters in 2022

Since the start of the year, the cryptocurrency market has lost almost $1 trillion in market cap due to the downward pressure imposed on it, culminating in a run of bankruptcies involving crypto hedge funds and lenders, including Celsius Network, Voyager Digital, and Three Arrows Capital, and the scaling back of operations at firms like Blockchain.com and Coinbase.

According to data compiled by Finbold, the number of Bitcoin millionaires fell by 70.23% in the first three quarters of 2022 due to the bear market, with the total number of Bitcoin millionaires as low as 29,497 as of September 28, 2022. an additional 4,102 of the addresses had a combined balance of approximately $10 million or more at the end of Q3.

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2022-10-29 05:36:03 DeFi protocol deBridge to launch new standard for cross-chain transfers

DeFi protocol deBridge is set to launch DeSwap Liquidity Network (DLN), allowing users to complete cross-chain transfers without all the associated risks of using a bridge network, according to a press statement shared with CryptoSlate.

According to the press release, the DLN architecture enables limitless cross-chain value transfer with zero slippage and no need for assets to be locked in the ecosystem. According to the interoperability-focused company, it can achieve this with DLN thanks to its design. Instead of the locked liquidity of existing bridges, DLN design is based on liquidity on demand through a P2P liquidity marketplace.

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2022-10-28 06:49:02 SushiSwap's new Head Chef describes himself as a 'wartime CEO'

Decentralized exchange SushiSwap Head Chef Jared Grey is certainly aware that he’s got a tough grind ahead. Amid these issues, SushiSwap has largely faded out of sight. While the exchange once nearly matched main competitor Uniswap’s volumes, last month it saw just 2.2% of the activity on Uniswap.

Grey, who took on the role three weeks ago — after a lengthy search and public hiring process — has joined a team marred by controversy and personal disputes. The role has been occupied by three individuals in the past, one who stole $16 million from the project’s treasury, one who was ousted by the team, and one who erupted on Twitter blaming everyone but himself. Yet Grey is optimistic that he can turn things around in the same way as a new CEO might revive a dying business.

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2022-10-27 05:41:02 Singapore regulator proposes banning crypto trading with borrowed capital

The proposals are part of a consultation paper issued by MAS as it looks to further tighten the country's crypto regulatory regime. The rules come after a number of high-profile crypto firms collapsed this year, including Three Arrows Capital and Celsius.

The regulator reminded people that trading with credit or leverage can lead to losses greater than the investment amount. It's seeking to restrict crypto service providers from offering debt-financed and leveraged crypto trading, including trading via credit cards. Other proposed rules by the regulator include restricting crypto service providers from offering incentives to retail customers, including free trading credits or tokens.

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2022-10-26 05:53:02 Algorand’s total value staked soars 40% in 2 months amid spiking weekly on-chain activity

Algorand is at press time recording an increase in its total value locked (TVL) from $206 million to nearly $290 million since September 1, 2022, according to a tweet thread by Riyad Carey, an analyst at blockchain analytics platform Kaiko, published on October 24. Algorand (ALGO), which has increased its staked value by 40% in the past two months.

The largest application on the network is Algofi, a decentralized exchange (DEX) and lending protocol that allows users to borrow, trade, and earn interest from different Algorand assets. A week before, Finbold reported on Algorand’s strong week-over-week growth in adoption, recording an increase in daily active addresses by as much as 60%, beating both Ethereum (ETH) and Bitcoin (BTC), which saw gains of only 6% and 7%, respectively. Algorand’s mainnet, which promises trustless cross-chain communication.

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2022-10-25 07:08:02 Bitstamp expands white-label services: Exclusive

Crypto exchange Bitstamp is expanding its white-label service, which enables institutions to fast-track their digital assets offerings to customers. The service enables institutions to develop a retail offering without needing to build out technology and compliance infrastructure or acquire specific licenses.

Bitstamp formally packaged the service when they started to receive a significant number of inbound requests from companies looking to roll out crypto services to clients. The exchange tier offers clients the core building blocks of Bitstamp-as-a-Service while the exchange complete tier provides an end-to-end solution that includes know-your-customer and anti-money laundering operations as well as a global license network for servicing customers in multiple jurisdictions.

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2022-10-24 07:16:02 18 Months Jail Time for Hacker Who Sold Stolen Ed Sheeran Songs for Bitcoin

Three years after the start of the investigation, the hacker was sent to jail.The person who stole unreleased songs by Ed Sheeran and other musicians has been sent to prison for a year and a half. He sold at least two of Sheeran’s songs on the dark web in exchange for bitcoin.

The investigation began in 2019 when several musical agents complained to the New York District Attorney that someone had exploited the online accounts of some of their clients. The unknown hacker, called Spirdark, began stealing unreleased content and selling it on the dark web, getting paid in bitcoin. He was arrested later the same year. The police confiscated seven devices from his home in Ipswich, including more than a thousand unreleased songs by 89 artists.

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2022-10-23 05:24:03 Circle partners with Axelar on cross-chain initiative for USDC

Circle has announced a partnership with Axelar focused on the use of USDC and cross-chain applications. Avalanche, Cosmos, Ethereum, Polygon, and Sui will be the first chains integrated with Axelar's General Message Passing (GMP). The announcement comes shortly after Circle announced its native USDC bridging protocol last month.

When a user bridges an asset, the token they receive on the other end is non-native, meaning it is a synthetic version subject to liquidity issues and security vulnerabilities if the bridge is attacked and hacked. In essence, Circle oversees and verifies the movement of native USDC between chains removing the need for wrapped assets. Axelar’s GMP takes this process one step further and allows applications to integrate Circle’s bridge.

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2022-10-22 17:07:00 ​How to safely store crypto and remain anonymous

Recently, Binance, Localbitcoins, Coinbase and other centralized platforms that have offices in the EU, were forced to block Russian users' accounts.

It appears that you can't have full control of your funds on centralized platforms.

What can be done about it?

The answer is decentralized exchanges. We'd like to tell you about one of them, Waves.Exchange. It enables you to have full control of your funds

No KYC.

No one can block your account.

The Waves blockchain ensures the transparency of all operations and smart contract code.

The exchange offers investment products with stable profitability. For instance, LP staking of USDN with an annual yield of up to 9%.

You can also transfer crypto from another network to the Waves blockchain and remain anonymous thanks to decentralized gateways. Waves.Exchange has gateways to Ethereum, Polygon and BSC

LP staking of USDN on Waves.Exchange
Guidelines for transferring crypto from other networks Open / Comment