News

Despite being invitation-only, Binance’s newly launched testnet futures platform saw 24-hour trading volumes of over $150 million in BTC/USDT contracts. Binance futures testnet platform Announced at the beginning of July, the launch Binance’s futures trading platform has been one of the most anticipated events this summer. The platform would challenge the dominance of the incumbent […]

SEC chairman Jay Clayton remains cautious about approving a Bitcoin exchange-traded fund. VanEck SolidX’s recently launched “limited” BTC ETF has, thus far, had abysmal uptake. “Work left to be done” The industry is making a lot of progress toward a Bitcoin ETF, said SEC Chairman Jay Clayton in an interview with CNBC’s Bob Pisani. However, […]

CasperLabs, a startup attempting to crack the blockchain scalability problem, raised $14.5 million in a series A round to build a faster, safer, and more efficient proof-of-stake blockchain—a lot like Ethereum. Financing innovation The round was led by Terren Fiezer—a financier who has held senior senior executive positions at Goldman Sachs, First Boston, and Drexel […]

Bitcoin is in a consolidation phase and there has not been any significant impulse over the last two months that signals where it is heading next. However, one of the most prominent technical analysts in the cryptocurrency community recently took to Twitter to express his views on BTC’s future. Bitcoin is on the verge of […]

After unidentified criminals used AI-assisted audio deepfakes to steal more than $240,000, former Coinbase CTO Balaji Srinivasan suggested that blockchain-enabled phones could be the solution to call authentication. While Srinivasan himself said that the technology is yet to come to life, many argued that such security measures already exist and don’t need blockchain at all. […]

BitMEX, the largest margin trading platform in the cryptocurrency market, is seeing its chief operating officer depart. COO exits BitMEX Angelina Kwan, COO of BitMEX, is currently on “gardening leave” as she plans to leave the company, said a spokesperson related to the matter. This term is used to describe the condition in which an […]

Stellar unveiled its largest airdrop to date, worth over $120 million in XLM. The Stellar Development Foundation (SDF) in partnership with Keybase, a free group messaging community and file transfer hub, announced that 2 billion XLM will be given away over the next 20 months. The airdrop will be directed to Keybase’s user base that […]

Chinese crypto exchange Huobi will make its first foray into a physical product with the launch of its sixth token offering on IEO platform, Huobi Prime. Huobi traders will have the opportunity to purchase NODE, the token of Whole Network and its blockchain phone, Acute Angle, during two trading rounds on September 11. However, as […]

Bakkt launched its Bitcoin custody warehouse, its institutional BTC custody solution, protected by a $125 million insurance policy. The launch is part of the physically-settled Bitcoin futures it plans to launch on Sept. 23. Going according to plan Bakkt was delayed several times due to concerns from regulators. However, the subsidiary of the Intercontinental Exchange […]

Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country. The theory […]