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US Department of Justice Unveils Cryptocurrency Enforcement Framework

9 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

The Cyber-Digital Task Force of the United States Department of Justice (DOJ) on October 8 published a new document that goes over cryptocurrency applications, pitfalls and risks. It primarily concerns itself with preventing the use of cryptocurrenci...

Arthur Hayes is No Longer the CEO of BitMEX

9 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

BitMEX has announced that Arthur Hayes is no longer the CEO of the exchange, temporarily being replaced by 100x Group COO Vivien Khoo, according to a statement published on October 8. Arthur Hayes has been replaced by Viven Khoo, following the two c...

Wrapped Bitcoin Scratches $1B, While tBTC Sees 931 ETH Liquidated

8 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

The total of Wrapped Bitcoin (wBTC) on Ethereum has crossed $1 billion, according to data from DeFi Pulse as of October 8. At the same time, another form of tokenized bitcoin, tBTC, has had 931 ETH liquidated due to a signer timeout issue. Wrapped B...

Google Cloud Becomes An EOS Block Producer Candidate

8 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Block.One, the company behind the EOS (EOS) blockchain, announced on October 6 that Google Cloud will join the network as one of 21 block producers, should its candidature be approved. Google Cloud has become an EOS block producer candidate, and its...

Aragon and Balancer Partner to Work on Snapshot

8 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Aragon (ANT) and Balancer have partnered to improve tokenholder polling tool Snapshot, according to a blog post published on October 6. The Aragon team will work with Balancer and Snapshot creator Fabien Marino to add Aragon Agreements to the tool B...

NFT Sold at Auction House for $131K

8 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The Christie’s auction house has sold a digital portrait of Bitcoin (BTC) inventor Satoshi Nakamoto for $131, 250, making it the most expensive NFT ever sold. The digital portrait, titled Block 21, is a Non-Fungible Token (NFT), and the first of its...

Ripple Growing Frustrated with US Regulation

7 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Ripple Executive Chairman Chris Larsen has offered a stern opinion of the regulatory environment in the United States, to the point where he said that it could push Ripple out of the country. Larsen made the comments during a virtual interview at the...

Ethereum Hashrate Hits Record High

7 Oct 2020 1 minute read 6 comments Abhimanyu Krishnan

Ethereum’s hashrate has hit an all-time high of just over 250 TH/s, according to glassnode, which tweeted about the milestone on October 6. This is the first time that miners have recorded a hash rate over 250 TH/s; in January 2020, the hashrate was...

Bloomberg: Bitcoin on Track for $100K by 2025

7 Oct 2020 1 minute read 3 comments Abhimanyu Krishnan

Bloomberg’s latest edition of the Crypto Outlook, published on October 5, shows that the Bloomberg Intelligence team continues to be bullish for Bitcoin (BTC), stating that it was on track for a $100,000 price target by 2025. Saying that BTC “has ha...

LINE Launches Crypto Lending Service

7 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Messaging services company LINE, which owns crypto services including the LVC crypto division, has announced that the latter will launch a crypto lending service, according to a report from Coindesk Japan on October 6. The lending service will launc...