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While Ethereum has become much less congested than it was just weeks ago, transaction fees are still far from cheap. It may cost $10-20 to complete interactions with decentralized finance protocols such as Compound, MakerDAO, or Synthetix. That’s not enough to break the bank, of course, but it restricts many users from accessing these protocols and […]

Following the CFTC’s charge against BitMEX and its operators, the U.S. Department of Justice filed their own charges against the exchange’s four founders and executives for violating the Bank Secrecy Act. Immediately after the charges were brought, the crypto industry became ablaze with conspiracy theories about why the charges were brought now, with fake quotes […]

The crypto market has taken a beating throughout the past few days and weeks, with sellers taking full control over altcoins as Bitcoin oscillates within a relatively wide trading range between $10,200 and $11,200. This has created an air of uncertainty amongst investors, who are now fleeing what are referred to as “beta assets” in […]

On Thursday, the industry was shocked by the news that leading Bitcoin derivatives exchange BitMEX was formally charged by the U.S. Commodities and Futures Trading Commission (CFTC) over concerns around derivatives and anti-money laundering violations. Simultaneously, the co-founders of the exchange, including Arthur Hayes, were also criminally charged. Making up over a billion dollars of […]

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 […]