News

A new report by on-chain analytics firm CipherTrace found out that most Bitcoin and crypto Know Your Customer (KYC) processes can be exploited by money launderers, criminals, and extremists. Now available! Our 2020 Geographic Risk Report: VASP KYC by Jurisdiction is the virtual asset industry's first comprehensive global KYC risk assessment. https://t.co/fD1RJr5zNu #KYC #AML #CTF […]

Blockchain agnostic protocol and decentralized oracle provider Chainlink will now be used by crypto custodian service BitGo to provide verifiable proof of the latter’s $1 billion worth of Wrapped Bitcoin in storage, as per a release. WBTC's $1 billion+ in Bitcoin will now gain additional security using #Chainlink's Proof of Reserve capability. We're thrilled to […]

Even after a 20-30 percent correction from the recent highs, Ethereum decentralized finance coins are up hundreds of percent in 2020 alone. To illustrate this best, Aave’s LEND token has gained in excess of 5,000 percent since the start of the year. The extreme strength of these coins has led some to think that these […]

Crypto is currently in the midst of a renaissance. Really. As we covered in a previous report, there are now users that are actively creating, buying, trading, and selling digital art — you know, jpgs and gifs — worth thousands of dollars. One piece of art sold for 100 Ethereum, which currently equates to over […]

How did Russia, a country where cryptocurrencies are banned for use as payment, and Ukraine, where the asset class essentially exists outside of the law, rank the highest when it comes to crypto adoption? The latest Chainalysis report, where Eastern Europe was found to have the highest grassroots-level adoption of cryptocurrency despite being the fourth-largest […]

SingularityNET, a full-stack AI solution, is currently working with IOHK to put a significant portion of its decentralized AI network on the Cardano blockchain. In a press release shared with CryptoSlate, the company said that the move was driven by skyrocketing fees and congestion issues on Ethereum, as well as the lack of clarity regarding […]

Bitcoin’s price has been rocked by news of the Commodities and Futures Trading Commission bringing charges against popular margin trading platform BitMEX. One of the platform’s co-founders, Samuel Reed, was arrested at his home in Massachusetts earlier today, potentially facing a maximum prison sentence of five years for violating the Bank Secrecy Act and conspiring […]

The U.S. Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures. According to the lawsuit, five entities and three individuals were charged, which include Arthur Hayes, the co-founder, and CEO of BitMEX, Ben Delo, the […]

Yearn.finance (YFI), Aave (LEND), and Maker have surged 12% to 30% overnight. The decentralized finance (DeFi) market strongly rebounded in a short period, lifting the overall market sentiment. Two factors primarily triggered the resurgence of DeFi in the last 24 hours. First, Bitcoin and Ethereum rallied overnight ahead of the quarterly close. Second, the DeFi […]

Blockstack and Chainlink are joining forces to integrate the Blockstack and Algorand-supported Clarity smart contract language with the latter’s industry-leading oracle technology, according to a release shared with CryptoSlate. Blockchain platform @blockstack is integrating #Chainlink as its go-to oracle solution to empower universally connected smart contracts. Blockstack devs will have access to any API, Sybil […]