Tag: altcoins

The market for institutional-grade trading services for digital assets may be maturing

We may be seeing the beginning stages of maturation in the market for institutional-grade services for trading digital assets, evidenced by consolidation in the sector as well as its first later-stage deals, according to a new report from The Block Research. According to the report, there are now 40 companies that provide digital asset trading…


New data show how dominant Tether has become as a trading pair on crypto exchanges

Bitcoin used to be far and away the most popular trading pair at crypto exchanges. These days, the distinction belongs to Tether. Around 70% of the trading volume at exchanges is now denominated in Tether, while 15% is denominated in bitcoin and another 4% is in other stablecoins.   In the first quarter of 2017, bitcoin…


Unsealed DOJ documents say alleged money launderers tried to bribe U.S. officials using Tether

The Department of Justice (DOJ) has unsealed documents related to a drug smuggling case alleging that a cartel attempted to bribe U.S. officials and purchase U.S. passports using the cryptocurrency Tether. As first reported by Decrypt, the documents, which were published September 24, accuse six individuals of laundering millions for drug cartels over the course…


Ethereum-based fashion and music marketplace Zora raises $2 million in seed round

Ethereum-based marketplace Zora has raised $2 million in a seed funding round led by venture capital fund Kindred Ventures, according to a report by TechCrunch published Friday.  According to the report, additional investors include Trevor McFedries from startup Brud, Alice Lloyd George, Jeff Staple and Coinbase Ventures.  The Zora marketplace, built by the team behind…


Metrics from the first month of tBTC’s second launch

Quick Take tBTC is a fully backed ERC-20 token pegged to the price of bitcoin. The BTC held on the Bitcoin blockchain is backed by a 150% ETH overcollateralization on the Ethereum chain After an initial launch in May 2020, a bug that was discovered pushed the release of the protocol to last month There…


Decentralized Danger: Is the DeFi Boom Killing Off Altcoins?

HodlX Guest Post   Submit Your Post   It’s fair to say that 2020 has belonged to DeFi tokens. The performance of yearn.finance and widespread excitement for assets like Uniswap and Compound had captivated investors, with many currencies eclipsing the traditional top 10 of altcoins. But will the arrival of the DeFi boom kill off some…


Three Little-Known Crypto Assets Set to Erupt in Next Bitcoin Supercycle, Says Influential Trader

Crypto influencer and trader Lark Davis says a trio of little-known cryptocurrencies are poised to erupt in the next long-term Bitcoin (BTC) bull run. Davis tells his collective group of 256,000 followers on YouTube and Twitter that he’s looking at a select few crypto assets built on Ethereum competitor Polkadot. At the top of the crypto…


Ripple Survey Unveils Real-World Interest in Bitcoin, Ethereum, XRP, Stablecoins and CBDCs Among Payments Executives

A new Ripple survey is shedding light on the levels of interest in Bitcoin (BTC), Ethereum (ETH), XRP, stablecoins, and central bank digital currencies (CBDCs) among payments professionals around the world. In August and September, Ripple asked 854 executives across 22 countries – all of whom are involved in payment services at digital banks, retail…


$2,300,000,000 Worth of Bitcoin in Limbo Amid OKEx Investigation

Researchers estimate that an ongoing “public security bureau” investigation has left $2.3 billion worth of Bitcoin (BTC) at the Malta-based cryptocurrency exchange OKEx in limbo. Crypto withdrawals at the exchange remain frozen and official details on exactly what’s happening are sparse. Chinese media group Caixin reports that OKEx’s founder, Xu Mingxing, was taken away by…


The curious case of Coinbase — employees driven out by ‘apolitical’ stance

Coinbase’s new “apolitical” culture has led to some employees taking severance packages, as the crypto community reacts with ambivalence.