The Latest News about Cryptocurrency

Oct 29, 2020 at 20:13 UTCUpdated Oct 29, 2020 at 20:24 UTC.Cryptocurrency trading colossus Binance Holdings Limited created a corporate plan for profiting from the U.S. market while avoiding the country's regulatory scrutiny, Forbes reported Thursday, citing a 2018 document it obtained.

While the hack bumped daily DEX volume to just over $5 billion for the day, the anomaly was short lived and since then volume still seems to be on a steady decline.

Oct 29, 2020 at 19:06 UTCUpdated Oct 29, 2020 at 19:58 UTC.Decentralized finance protocol Harvest Finance has upped its bounty from $100,000 to $1 million for information leading to the return of $24 million in siphoned funds taken in an exploit Monday.

Oct 29, 2020 at 19:00 UTC.The Department of Commerce's new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?

Look past the giddy numbers of 2020's DeFi explosion and the practical purpose of DeFi today fades away.

The MakerDAO community is urgently implementing measures to prevent voting manipulation through flash loans.

Oct 29, 2020 at 17:45 UTCUpdated Oct 29, 2020 at 18:48 UTC.Flash loans can be used for more than just siphoning funds out of poorly put-together decentralized finance protocols.

The price of Bitcoin increased from $12,920 to $13,600 in four hours, recording a 5% rally.

With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years.

Oct 29, 2020 at 17:08 UTCUpdated Oct 29, 2020 at 18:23 UTC.Decentralized music app Audius announced Thursday it will migrate its content management system over to Solana's high-speed blockchain from an Ethereum sidechain operated by the POA Network that runs on a set of trusted validators.

Oct 29, 2020 at 16:52 UTCUpdated Oct 29, 2020 at 18:25 UTC.The executive director of Stanford's Future of Digital Currency Initiative, Lawrence Rufrano, is facing federal wire fraud charges following a disability benefits fraud investigation by his former employer, the Federal Reserve.

Oct 29, 2020 at 16:34 UTCUpdated Oct 29, 2020 at 17:16 UTC.The cost of doing transactions on bitcoin is surging while the network suffers its worst congestion in nearly three years.

Fractional offeringYou can now trade high-demand stocks like Tesla, Apple and Amazon, represented by tokens, on the FTX derivatives exchange.

On one team, cryptocurrency entrepreneurs are taking a first-principles approach, starting with completely new assets and new infrastructure in order to get "Programmable money." On another team, fintech builders are tackling the problem by building around the systems that already exist: Simple APIs will grant us "Autonomous finance." Both approaches promise a new day for the retail experience of finance, but they are taking very different paths to get there.

Oct 29, 2020 at 15:00 UTCUpdated Oct 29, 2020 at 16:02 UTC.Cryptocurrency custody platform Casa's users can now purchase bitcoin on the platform using their bank account.

Bitcoin price has had a tremendous month as the price rallied from $10,500 to $13,800.

DeFi is booming, and today the market is filled with all kinds of borrowing and lending protocols, many of which compete with one another on the basis of providing users with meteoric yields.

Oct 29, 2020 at 14:00 UTC.Alex Pack, a former managing partner at crypto investment firm Dragonfly Capital, has joined Huobi Group as a corporate investment advisor to help the firm behind the world's top centralized exchange by derivatives trading volumes to invest in decentralized finance, of DeFi."When I left DragonFly earlier this year, Huobi was also ramping up its internationalization efforts and its corporate investment practice," Pack told CoinDesk in an interview.

Oct 29, 2020 at 13:52 UTCUpdated Oct 29, 2020 at 14:57 UTC.Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue to flow.

Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin would likely thrive.

Oct 29, 2020 at 13:30 UTC.New York state's financial regulator is urging firms to pay closer attention to financial risks associated with climate change.

Oct 29, 2020 at 13:06 UTCUpdated Oct 29, 2020 at 15:01 UTC.Canada-based blockchain infrastructure provider Figment has completed another multi-million dollar funding round.

Asian Bitcoin investors now have a new custody option.

Cryptocurrency analysts looked for solace in bitcoin's October-to-date return, still at an impressive 22%, during a month when the Standard & Poor's 500 Index of U.S. stocks has declined by 2.7%."The sell-off in equities and gold due to rising COVID infections and restrictive lockdowns had only a limited impact on the digital asset," Lennard Neo, head of research for the cryptocurrency-focused firm Stack Funds, wrote Thursday in a report.

Over 200 firms in Simplex's network can enable euro cashouts from Tether.

Harvest Finance collected as much as $1 billion in total value locked before an "Economic exploit" sent it tumbling down.

US-based Fidelity Investments, a trillion-dollar fund manager with a deep interest in the cryptocurrency market, is targeting rich Asian investors by way of a new partnership with a fund in Singapore, financial publication Bloomberg reported Thursday.

Oct 29, 2020 at 12:04 UTCUpdated Oct 29, 2020 at 15:52 UTC.The cryptocurrency-focused arm of financial services giant Fidelity Investments is teaming with Singapore-based Stack Funds to cater to the growing demand for cryptocurrencies in Asia.A new partnership will bring Stack's regional clients access to the secure custody services provided by Fidelity Digital Assets, according to a Bloomberg report Thursday.

TaxBit's tool will allow Gemini customers to increase their tax refund.

The latest in a series of ongoing antitrust charges and investigations on corporate giants is the one being considered by the U.S. Department of Justice against Visa.