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BitMEX Sees Over 45K BTC Withdrawn After Recent Charges

5 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

Derivatives trading platform BitMEX is seeing an exodus of users following news of its legal cases on October 1, with over 45,000 Bitcoin being withdrawn from the exchange, according to data from Crystal Blockchain. Users have withdrawn over 45,000...

Reddit's Cryptocurrencies Are Being Sold by the Community

5 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

Traders have begun to trade Reddit’s BRICK and MOON cryptocurrencies through decentralized exchange HoneySwap since late September, though the tokens have little value.  User have begun selling the BRICK and MOON token on the HoneySwap exchange, tho...

Coinbase Pro Adds DeFi Tokens Balancer (BAL) and Ren (REN)

5 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Coinbase announced on October 1 that it had listed Balancer (BAL) and Ren (REN) on Coinbase Pro. DeFi tokens BAL and REN have been listed on the professional version of the Coinbase exchange Listing on Coinbase Pro is typically followed by listing o...

IRS Offers Contracts Worth $1.25M to Two Firms With the Aim of Breaking Monero

5 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The United States Internal Revenue Service (IRS) has awarded two $625,000 contracts to Chainalysis and data forensics analysis firm Integra FEC to crack Monero (XMR), according to filings posted on September 30. Chainalysis and Integra will both rec...

Venezuela to Launch Decentralized Stock Exchange, 90 Day Pilot Begins

5 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Venezuela launched a decentralized stock exchange after President Nicolas Maduro announced several initiatives on October 1, aimed at countering sanctions imposed by the United States. President Maduro detailed several strategies, putting cryptocurr...

KuCoin Says That Suspects of Hack Identified

5 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Co-founder and CEO of KuCoin, Johnny Lyu, tweeted on October 3 that the suspects of the $281 million hack had been identified.  CEO Lyu announced that the suspects had been identified with substantial proof at hand, and that law enforcement would ta...

ECB is Serious With Digital Euro, Tweets a Thread

2 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan

The European Central Bank (ECB) offered some details on its stance on a Digital Euro via Twitter on October 2, and it appears that the bank is quite serious about its adoption. The ECB states that a Digital Euro could provide “a universally accepted...

Rari Integrates Aave to Give Users Highest Yield

2 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Roboadvisor Rari Capital announced on September 29 that it had integrated lending protocol Aave (LEND) to give users the most optimal yields for farming.  Rari will use Aave to rebalance supported stablecoins (DAI, USDC, USDT, sUSD, BUSD) to constan...

BitGo Will Use Chainlink’s Proof of Reserve to Boost Auditability of Wrapped Bitcoin

2 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Institutional platform BitGo will use decentralized oracle provider Chainlink's (LINK) proof-of-reserve solution to streamline the auditing of $1 billion in Wrapped Bitcoin (wBTC), according to an announcement published on October 1. BitGo and Chain...

US CFTC Files Charges Against BitMEX, CTO Arrested

2 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The United States Commodity Futures Trading Commission (CFTC) filed charges against derivatives platform BitMEX and its executive members on October 1. In a separate filing, the U.S. Attorney for the District of New York filed criminal action against...