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BitMEX Pulls Forward Deadline for KYC Update Requirements Following Legal Case

21 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Derivatives platform BitMEX has asked users to update their KYC information by November 5, pulling forward the deadline by 3 months as it faces a KYC/AML related case by the US Commodity Futures Trading Commission (CFTC). Originally having the deadl...

MicroStrategy CEO Says that "Awful" Bitcoin Market Data is Holding it Back

21 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor, in an interview with Hedgeye CEO Keith McCullough on October 20, criticised the prevailing data on Bitcoin and the market. Saylor spoke of inflated volumes, though he did see a silver lining in the status quo. Held...

First Bitcoin “Mixer” Penalized by FinCEN

20 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

The Financial Crimes Enforcement Network (FinCEN) on October 19 said that it had charged Larry Dean Harmon, the creator of Bitcoin’s first mixer, for violations of the Bank Secrecy Act. The $60 million civil lawsuit filing focuses on Harmon’s work o...

Dark Clouds Around Crypto.com After CRO Rate Cut

20 Oct 2020 1 minute read 9 comments Abhimanyu Krishnan

The Crypto.com (CRO) project has made large cuts to the interest rates for staking on the platform, with the motivation of making it sustainable, according to a tweet from October 14. However, the manner in which these cuts were introduced has sparke...

First Bar to Accept Bitcoin Payments Shuts Down

20 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The first bar to accept Bitcoin as a means of payment has shut down, according to a Reddit post from the owner posted on October 19. Jörg Platzer, the bar’s owner, thanked users for their support in the post, saying that bar would be closing for goo...

Uniswap’s First Governance Proposal Fails

20 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

The voting period for Uniswap’s first governance proposal ended on October 19, with it failing to pass as the total number of votes failed to reach the quorum threshold. While the vast majority have voted in favor of the proposal, it has failed to r...

Brave and Splinterlands Partner to Integrate BAT

20 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The Brave team announced on October 19 that it had partnered with blockchain game project Splinterlands to integrate the Basic Attention Token (BAT) and promote both platforms. The partnership will see Brave become the official browser of Splinterla...

China’s CBDC Can Be Called a Success

19 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

According to a report published on October 19, China’s CBDC lottery has seen near total usage as of October 18, as its central bank digital currency (CBDC) program begins to look increasingly successful. China airdropped a total of $1.5 million wort...

Accounts Belonging to Peter Schiff's Bank Under Investigation for Tax Evasion

19 Oct 2020 1 minute read 6 comments Abhimanyu Krishnan

According to a report from Australian media outlet The Age published on October 18, authorities are investigating bank accounts belonging to Peter Schiff-founded Euro Pacific Bank. Several governments have issued subpoenas allegedly related to tax e...

TVL of Newly Released BarnBridge Protocol Crosses $100M Mark

19 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Newly released tokenized risk protocol BarnBridge has garnered over $100 million in total locked in value, just days after its launch on October 14. The BarnBridge protocol has seen over $100 million in USDC, DAI, and sUSD in just 5 days  Yield farm...