On-chain liquidity protocol, Kyber Network announced a host of improvements to its architecture primarily due to a proposed upgrade to Kyber 3.0, which will transition “Kyber from a single protocol into a hub of purpose-driven liquidity protocols.” According to a blog post, Kyber’s architecture change will be implemented in two phases dubbed Katana and Kaizen,Continue reading “Battle for DeFi: Upcoming upgrade to help Kyber Network take on Uniswap”

Ether finally broke an all-time high, surpassing $1,428 on 19 January and many traders expected the asset to continue reaching new ATHs. However, ETH has been down by about 11.9 % in the last 24 hours and was trading at $1,254.95 at press time. But this analyst at Fundstrat Global shared a bullish prediction aboutContinue reading “This strategist thinks that after recent ATH, Ether could reach $10,500,”

Community feedback is an essential part of any decentralized project. One of the main advantages of participating in blockchain initiatives is that they are closer to being community-owned than traditional technology startups. This is even more so for SpiderDAO, the first hardware-enabled Decentralized Autonomous Organization.  The project is known for pioneering a user-focused and whale-resistantContinue reading “SpiderDAO listens to community with Nest release”

One of the main concerns for the recent flood of new users entering the digital asset space is the safety of their funds. Before they even deposit their money on popular fiat on-ramps and service aggregators, they have already heard all about Mt. Gox, the KuCoin heist, or any of the exploits in decentralized financeContinue reading “Bridge Mutual brings safety to DeFi with Plasma.Finance partnership”

European Commission and European Central Bank (ECB) have come together to issue a joint statement about the possibility of issuing a digital euro. Both entities reiterated the fact that the digital currency, if and when launched, will complement cash and “payment solutions supplied by the private sector.” ECB and EC are both pursuing “their efforts”Continue reading “Digital euro to face review by 2 institutions, before possible launch in mid-2021”

Privacy-focused digital currency, Firo, formerly known as Zcoin, suffered a 51% attack in the early hours of 20 January. Taking to Twitter, the team behind Firo notified traders about the attack and asked users not to make transactions until the network returned to a normal state.  At the same time, CEO of Binance, Changpeng ZhaoContinue reading “Firo is latest proof-of-work coin to suffer 51% attack; 306 blocks rolled back”

Blockchain analysis firm Chainalysis found that cryptocurrency-related crimes fell by more than 53% last year and that crypto activity that was connected to crimes was a mere 0.34% of transaction volume or $10 billion worth of transfers. This is still much lower than criminal activity numbers reported in 2019, which represented 2.1% ($21.4 billion) ofContinue reading “Crypto crime drops, but Bitcoin-ransomware increased in 2020!”

A new survey by Deutsche Bank recorded investors’ opinions on Bitcoin. Respondents were asked specifically about the digital asset as well as electric car company Tesla. More than half of people surveyed (about 56%) now think that Bitcoin and Tesla are more likely to halve than double in value.  A majority of respondents also feltContinue reading “Bitcoin likely to halve than double in value, according to this Deutsche Bank survey”

Bank of America’s monthly survey revealed that the long position in Bitcoin is the most crowded trade as of January this year. This would be the first time that the leading asset has replaced ‘long tech’ from the first place. Additionally, short US dollar is the third most crowded trade according to the survey. TradeContinue reading “Bitcoin overtakes tech as most crowded trade in Bank of America survey”

After purchase of 16,244 BTC ($607 million) on 18 January, Grayscale recently became the biggest institutional buyer in the Bitcoin market. This development took place after a 15 January update from the firm, which revealed that Grayscale’s total assets under management were $27.1 billion in crypto.  The news reverberated throughout the digital asset space. CEOContinue reading “Grayscale now owns 3% of all Bitcoin in circulation”

Cybersecurity research company Gemini Advisory found that Joker’s Stash, a dark web carding marketplace will reportedly shut down by next month. Their blog carried a note from the infamous marketplace’s administrator who claimed that he was now retiring.  The reason behind the sudden decision to close the forum remains unknown. However, Gemini Advisory’s research team believedContinue reading “Underground stolen card forum to close after making profits during Bitcoin rally”

A cryptocurrency trader based in Australia filed a complaint against two local banks in the region for systematic discrimination practices after these entities allegedly closed his bank accounts without issuing any warning. The trader named Allan Flynn has filed for proceedings against commercial banks ANZ and Westpac and wants compensation of about $192,000.  Flynn claimedContinue reading “Aussie Bitcoin trader accuses two banks of discriminatory practices”