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InstaDApp, a portal that simplifies interactions between major DeFi protocols, raised $2.4 million in seed funding from a line-up of high profile strategic investors. InstaDApp raised a $2.4 million seed round from a host of strategic investors. Notable venture funds involved in the round include Pantera Capital, IDEO Colab, and Robot Ventures headed by Robert […]

China’s central bank denied claims that it will roll out a cryptocurrency this November, adding that the parties involved in its distribution have been misconstrued, according to TechNode. The statement is a rebuttal to a widely circulated article by Forbes. The People’s Bank of China (PBOC) stated on Piyao, Beijing’s official platform for exposing “online […]

Financial services giant Monex Group announced the establishment of a Japanese Security Token Offering Association alongside five other major securities companies in the country. Major Japanese brokerage firms come together to promote STOs Japan could soon see more useful regulations surrounding security tokens as some of the biggest brokerage companies in the country have joined […]

Even though Bitcoin has a high probability of a continued decline, multiple indicators show that it there’s also an opportunity for a bullish impulse up to $9,800. Technical analysis Bitcoin recently broke out of a three months long consolidation period that began on June 26 when it peaked at nearly $14,000. The result was a […]

Analysis shows that XRP has much higher wealth concentration than both Bitcoin and Ethereum. Nevertheless, such concentration poses risks for all three coins. Here’s why. Wealth concentration by the numbers In August, blockchain analytics firm Coin Metrics released data around different coins and their wealth concentrations. Here are snippets for the top three coins by […]

One of NEO’s competitive advantages over Bitcoin and Ethereum is its ‘pragmatic’ approach toward centralization, argues founder Da Hongfei. Leveraging centralization One of NEO’s main criticisms is its centralization, both politically and architecturally. Right now, the NEO Foundation and its related organizations—for-profit NEO Global Capital and non-profit NEO Global Development—hold enormous power. Moreover, final decision-making […]

Ripple, the company behind XRP, announced the acquisition of Icelandic crypto-trading firm Algrim. The 6-person Icelandic company will help Ripple gain a foothold in Europe. Icelandic crypto trading company joins Ripple Ripple has been acquiring companies left and right in order to widen its grip over the international market. The latest company acquired by the […]

The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed. Circumventing sanctions with Bitcoin Apart from the political upheaval brought on by contested president Nicolas Maduro, Venezuela has been struggling […]

SEC Commissioner Hester Pierce, whose benevolent attitude towards crypto earned her the nickname ‘Crypto mom’, shared her thoughts on the current state of the crypto industry in the U.S. and the effect a slow regulatory response has had on the sector. Proud to be embraced by the crypto community The U.S. has notoriously been slow […]

Bitcoin recently took a nosedive, bringing the entire cryptocurrency market with it. Although some altcoins recovered from the recent drop, most—including EOS, Cardano, and TRON—remain in a bearish posture signaling a further decline. EOS EOS is one of the most prominent smart contract projects in the cryptocurrency industry. Born during the 2017 ICO mania the […]