Tag: finance and funding

Oct 22 2020

PayPal Invested Reserve Rights (RSR) Pumps Over 40%

Reserve Rights, the utility token of Reserve protocol has made some impressive gains in the last 24 hours. At the time of press, the Reserve Rights Token (RSR) is up by 47% and is the biggest gainer of the day. It seems the price rally was triggered by PayPal’s cryptocurrency buy sell support announcement. Interestingly, PayPal’s co-founder Peter Thiel is invested in Reserve...

Oct 21 2020

Bank of Spain to Examine Digital Currency

Banco de España, commonly known as the central bank of Spain, is planning to examine the effects of digital currency. The Bank of Spain disclosed this endeavor as it revealed its 2020-2024 strategic plan, which mostly summarizes its vision and goals for the next four years. Extensive...

Oct 19 2020

Filecoin (FIL) Faces a Fork Threat

Filecoin, a file storage blockchain network that promises to become a storage protocol of the decentralized web is in deep trouble. Within 24 hours of launch, the Filecoin miners demanded a change in the current mining rewards distribution setup. According to the miners, participation in Filecoin mining is cost-intensive and the reward distribution is unfair. Undoubtedly, Filecoin is a resource-intensive network as mining...

Real Satoshi Unmasked – Chainlink Sergey!

Chainlink, the oracle network that provides reliable data input and output for complex smart contracts is in the spotlight once again. Interestingly, Chainlink’s co-founder Sergey Nazarov who seems to be a very private person more or less spilled that he is the real Satoshi Nakamoto. In a fireside chat with Ben Chan, VP Engineering Chainlink, Nazarov explained how the Chainlink Oracle Network will...

Oct 17 2020

$5 Million Raised for DODO, China’s DeFi Project

Chinese DeFi project DODO has raised $5 million in their last funding round. After completing two funding rounds in August, the DODO DeFi project has completed another funding round, this time by private sales. These funds were raised by top firms in the cryptocurrency ecosystem....

Oct 16 2020

Arrested! OKEx Halts Crypto Withdrawals

Oct 16 2020 Published at Altcoin Buzz under tags  crypto finance and funding okex star xu

OKEx, a major cryptocurrency exchange suspended the cryptocurrency withdrawals across the globe on October 16. According to the official announcement, one of the private key holders is in the public security bureau custody. The announcement does not reveal the name of the keyholder and talks nothing about the nature of the investigation. However, two sources close to OKEx told Chinese media Caixin that...

Oct 15 2020

Aave Funding Round Scores $25 Million

On the 12th of October, reports revealed that Aave, a decentralized borrowing and lending protocol, announced the receipt of $25 million worth of new funding. This recent Aave funding round saw investments made by major crypto entities, such as Standard Crypto, Blockchain.com ventures, Blockchain Capital, and others. Stani Kulechov, the CEO of Aave, commented on this successful development. He said investors have raised...

Oct 13 2020

UniSwap Governance to Become More Accessible

Oct 13 2020 Published at Altcoin Buzz under tags  dharma finance and funding uni uniswap

UniSwap, the decentralized exchange that established itself as the most popular DEX within 8 months is on the verge of an important change in its governance system. Recently, UniSwap launched its native protocol token UNI. The aim was to transition Uniswap into a decentralized, community-owned protocol. However, since the very beginning, the UniSwap governance system received heavy criticism as the thresholds are very...

Oct 09 2020

Square Buys Bitcoin Worth $50 Million

Square, the mobile payments company announced the acquisition of 4,709 bitcoin on October 8. This is big news for bitcoin because the company is Co-founded by Twitter CEO Jack Dorsey. What looks like a tremendous endorsement of bitcoin is basically a strategic move by the company. The leadership at Square strongly believes that bitcoin has the potential to be a ubiquitous currency in...

Oct 08 2020

BitMEX Branded as ‘High Risk’ Exchange – Chainalysis

BitMEX, one of the leading cryptocurrency exchange and derivative trading platform received a major blow from CFTC last week. Following which investors rushed to remove more than 50,000 bitcoin tokens from BitMEX. The situation is worsening for the exchange as leading cryptocurrency investigation firm Chainalysis has now labeled the platform as a “high risk” exchange. According to the...

Oct 07 2020

Reef Finance Obtains $3.9 Million Seed Funding for Its DeFi Suite

With gas fees ridiculously high on Ethereum, DeFi applications have resorted to moving over to a growing list of Ethereum competing blockchains. This recent trend resulted in Polkadot-based Reef Finance to elicit for funds. The cross-chain platform recently completed its seed funding round during which it raised $3.9 million from investors. Top industry partners, such as AU21 Capital, Woodstock Fund, Kenetic Capital, NGC...

Oct 02 2020

Trouble! BitMEX Indicted by CFTC

The bitcoin derivatives exchange BitMEX is in hot soup. According to a statement by United States Commodity Futures Trading Commission (CFTC), the exchange is facing charges for operating illegally in the United States and for violating AML (Anti-Money Laundering) regulations. CFTC has filed a civil enforcement action against BitMEX owners and operators. The official statement released on October 1 reveals that CFTC will...

Sep 29 2020

Unreleased Project by Yearn Finance Lost $15 million

The explosive growth of Yearn Finance allured DeFi scalpers to Eminence Finance, the next big Andre project. These high-risk appetite DeFi proponents lost $15 million as the unaudited code of Eminence was exploited by an attacker. The project was not due to go live until the next three weeks and information was made public. As a matter of fact, there is no website,...

Sep 24 2020

Future Growth of Visa is Driven by Crypto Strategy

Sep 24 2020 Published at Altcoin Buzz under tags  cbdc coinbase finance and funding visa

In an interview with Forbes, Visa executives revealed that the crypto strategy is driving the next stage of growth for the company. According to Terry Angelos, SVP global head of fintech at Visa, the principle guiding its crypto strategy is - to become a "network of networks". To achieve this, the company is thinking about interoperating with the blockchain network. Furthermore, Cuy Sheffield,...

Sep 23 2020

Coingecko DeFi Yield Farming Survey Suggests Farm and Dump

Coingecko surveyed 1,347 crypto users in August 2020 to ascertain the popularity of farming and farmers' behavior. To everyone’s surprise, the survey suggests that yield farming products have matured and yield farming is no longer a frenzy. While many thought leaders in the crypto space are skeptical about yield farming sustenance, the Coingecko survey suggests that yield farming is here to stay. However,...

Crypto Outperforms Gold as Top 2020 Asset- Bloomberg

According to a recent report by Bloomberg, digital currencies are by far the top-performing asset of 2020. Surprisingly, the growth of cryptocurrencies has been higher than that of gold which is considered to be an investor’s hedge during the economic meltdown. While Bloomberg Galaxy Crypto Index (BGCI) reflects a 66% jump, gold’s performance increased by a little over 20%. Evidently, this performance surge...

Sep 21 2020

Funds Are Safe! Crypto.com Under Maintenance

Update 9:00 am UTC: Crypto.com App is back online and is fully functional. However, the Exchange remains under maintenance. Crypto.com, the leading crypto payment platform, paused its deposits, withdrawals, and trading on its exchange and app on September 20, 6:00 pm UTC. According to the official tweet, the funds are safe. The system is down due to temporary system maintenance. However, even after...

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