Chinese sports lottery service provider 500.com has acquired mining pool BTC.com, according to a press release from the company. BTC.com is one of the world’s largest Bitcoin mining pools, with the same formerly owned by Bitmain, a Chinese mining company founded by Jihan Wu and Micree Zhan. Reportedly, 500.com’s acquisition of BTC.com involved buying theContinue reading “500.com acquires mining pool BTC.com from Jihan Wu”

Cumulative trade volumes on Uniswap climbed to touch a milestone of $100 billion earlier today, with Uniswap becoming the first decentralized exchange (DEX) to do so. Hayden Adams, the DEX’s founder and CEO, took to Twitter earlier today to share a tweet documenting Uniswap’s growth, calling it “an exciting milestone for DeFi.” With the emergenceContinue reading “Uniswap becomes first DEX to process over $100B in trading volumes”

Mark Cuban – the billionaire tech investor has often made contrasting remarks about cryptocurrency, once stating that he would rather “have bananas than Bitcoin” and later revealing a DeFi portfolio worth a few hundred thousand dollars. Cuban’s latest remarks compare the advent of crypto and blockchain to the early days of the internet, citing smartContinue reading “Why Mark Cuban believes Ethereum is becoming a better store of value than Bitcoin”

Tesla’s $1.5 billion Bitcoin purchase may have finally pushed cryptocurrencies onto the radar of huge financial institutions, but not necessarily onto their balance sheets. This was one of the inferences implied by Chi Lo, Senior Strategist at BNP Paribas Asset Management. According to the exec, “crypto prices will eventually crash,” triggered by a shift inContinue reading “Is Bitcoin’s fixed supply a problem? Yes, says this BNP Paribas strategist”

Spanish companies are unlikely to see Bitcoin in their balance sheets anytime soon. Spain’s Securities Market Commission (CNMV) is in the news after alongside the Bank of Spain it issued a joint statement to investors, warning them of the “risks” associated with cryptocurrencies as an investment. The statement, one that updates a previous one madeContinue reading “Spanish regulators’ statement on crypto-risks draws criticism”

Update: An investigation revealed that “no hacks or any issues with Cream Finance smart contracts” were found. Reportedly, the issue emerged from the Alpha Finance side of the Iron Bank. According to a tweet by Alpha Finance Labs, “The loophole has been patched,” with the protocol in the process of investigating the stolen funds. InContinue reading “Cream Finance investigating ‘potential exploit’ involving 13K ETH”

Cardano’s native cryptocurrency, ADA was trading at $0.9203 at the time of writing and is currently the fourth-largest cryptocurrency by market cap. For a token that surged by over 400% since the beginning of the year, questions arose as to what exactly caused the sudden surge in its price. According to Cardano Founder Charles Hoskinson,Continue reading “Cardano has over 100 commercial projects in the pipeline, says Hoskinson”

Twitter CEO Jack Dorsey and Rapper Jay Z have come together to make a 500 Bitcoin donation to teams in Africa and India. The Twitter Co-Founder updated his status on the platform to announce the collaboration earlier today. Dorsey and Jay Z will create an endowment named ₿trust, with an initial investment of 500 BTCContinue reading “Jack Dorsey and Jay Z donate 500 BTC to fund Bitcoin development”

New York could become a ‘hub for Bitcoin and other cryptocurrencies’ if Andrew Yang is elected as the city’s mayor. Mayoral Candidate – Andrew Yang tweeted in support of cryptocurrencies earlier today, stating his intent to make the world’s financial capital more crypto centric. Yang is currently leading the polls for the Democratic Party inContinue reading “Andrew Yang plans to make New York a ‘Bitcoin hub’ if elected mayor”

Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares. The proposal to introduce sTSLA, or SIP110, was put into motion on 10 February, with the proposal passed successfully after a unanimous vote by Synthetix’s The Spartan Council.Continue reading “Synthetix votes to introduce asset providing on-chain exposure to Tesla Shares”

According to Thailand’s Finance Minister Arkhom Termpittayapaisith, retail investors’ “excessive speculation” in cryptocurrencies may destabilize Thailand’s capital markets. During a capital markets conference on Thursday, Arkhom told attendees that local retail investors in Thailand have been shifting their savings into cryptocurrencies in order to receive “higher returns.” In fact, reports from the country’s Securities andContinue reading “‘Excessive speculation’ in crypto may destabilize capital markets, says Thai minister”

Seoul’s Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, several users lost their Bitcoins when attempting to transfer their funds to another wallet or exchange. At the time, six Bithumb users, including lead plaintiff Lee Mo,Continue reading “Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won”