One of the biggest perception that holds crypto back from being traded and invested in is the threat of market manipulation. The SEC has cited market manipulation as a reason to not allow regulated ETFs, Tether and Bitfinex are facing a trillion dollar lawsuit for alleged manipulation and in general, traders of Bitcoin often refer
Hmmm… At decentralized exchange sounds kind of cool, I mean.. Bitcoin is so popular because it’s decentralized.. Is it easy to sign up though.. ? *clicks* “Connect an Ethereum wallet to get started.” *clicks* “Download MetaMask” – idk what meta mask is.. that sounds complicated.. maybe some day WTF is MetaMask anyways? It’s usually the
Today, Samuel McCulloch posted on twitter photos of a $150 million lawsuit against FTX derivatives exchanges. FTX is a U.S. geo-restricted exchange associated with hedge fund Alameda Research, operated by Sam Bankman-Fried. Unregistered Securities Like many crypto derivative exchanges, FTX blocks and bans any U.S. IP address attempting to use features of the site. This
Bakkt is a company under the New York Stock Exchange’s parent organization, Intercontinental Exchange. Hype has surrounded them ever since they announced physically settled Bitcoin futures for institutional investors. Initially, Bakkt was going after big money, but now they’re making an app for the masses. This week, they released a some information about their upcoming
Today, Samsung announced support for Elrond on their blockchain wallet, according to The Block. For those who don’t know, Elrond is a project that aims to be Ethereum like, but faster than centralized networks. This means that developers will be able to create basically anything they want on top of it, but in an efficient
Binance.US, like Bakkt, had a slow start. Things are finally coming together though, as Binance.US announces an on-ramp feature along with an increase in volume. Starting today, users can purchase 23 different crypto assets with their debit cards. Binance offers some assets that Coinbase does not, such as Ravencoin, Cosmos, Algorand, Dogecoin, Tether and IOTA.
This morning, BitMex doxxed around 30,000 users emails today in a leak. It happened because they forgot to hide addresses while sending messages en mass. There are two reasons that this could end up very bad for those doxxed. BitMEX just doxxed its users in the most outrageously incompetent way imaginable: forgetting to use blind
Dharma released the new version of their lending platform right as DAI will possibly turn into MCD. On Dharma, users can deposit DAI and passively generate upwards of 7.5% (APR) interest. On November 18th, MakerDAO, the creators of DAI, will release Multi-Collateral Dai (MCD) given a majority votes for it. DAI will still exist until a
In a press release today, 3iQ announced approval for a closed-end Bitcoin fund on the Ontario Stock Exchange. This may seem like Canada regulators are a step ahead of Americans when it comes to accepting institutional investors, but the U.S. has a respectably similar investment option. A closed-end fund trades shares, but the fund can’t
As a newbie in the crypto world, it can be difficult to figure out which media outlets to trust. In 2019, it’s natural to want to use an aggregation site to save yourself from hours of research. CryptoPanic is a product that aims to be a solution to those conflicts, but can you trust it
One Maker voter with 97% of the voting power changed the DAI interest rate by 4%. After the vote, the DAI “stability fee” was decreased from 9.5% to 5.5% The address apparently owns 7.5% of total Maker in existence and due to low participation, was able to take the vote into their own hands. Wow.
Stablecoins are pretty self explanatory — They are cryptocurrency pegged to the value of a fiat currency. The idea is a result of an urge to use blockchain technology for payments without having to deal with volatile investments. Some people don’t know that there are two types of stablecoins though. The newer and less intuitive