News

The total amount of Wrapped Bitcoin (WBTC) locked in the Kyber Network had almost tripled in a single day, DeFi Pulse reported. The sudden increase in WBTC reserves could have been a reaction to the news that the DeFi protocol Compound has added WBTC to its offerings. WBTC sees its activity triple on the Kyber […]

A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes. The first case of Bitcoin property infringement was resolved in the Hangzhou Digital Court, as first reported […]

In a historic moment in Congress, pro-cryptocurrency representatives warned the House of Representatives of the “unstoppable” power of Bitcoin, calling for the United States to clarify regulations and seize the lead in blockchain innovation. Meanwhile, Facebook’s Libra continued to face relentless opposition. David Marcus made his second appearance on Capitol Hill this week to testify […]

Following a heated debate at the Asia Blockchain Summit, Dr. Nouriel Roubini ramped up his campaign against BitMEX and its CEO, Arthur Hayes. In a recent op-ed piece, Roubini accused Hayes of being involved in “systematic illegal activity” at BitMEX, saying the exchange’s 100-to-one leverage and liquidation profits should be banned. Dr. Doom takes another […]

Following a massive sell order of more than 15,000 ETH that triggered a noticeable Bitcoin slump, another Ethereum whale set a buy order for almost 20,000 ETH on Binance. First thought to be a spoof, the order was quickly filled but prompted a widespread discussion on whether this was another whale’s attempt to manipulate the […]

Bitcoin has been in the spotlight lately after a tweet from U.S. President Donald Trump where he expressed his views on cryptocurrencies, stating that he was “not a fan” of Bitcoin and that its value was highly volatile and based on thin air. Since then, U.S. Secretary of the Treasury Steven Mnuchin held a briefing […]

Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that the platform had earned 9.5 million Stellar Lumens (XLM) from staking the cryptocurrency. $775,000 of XLM Will Be Distributed to Binance Users In August 2018, the Stellar team advised Binance’s management regarding how to earn staking rewards by changing various parameters on the […]

China’s leading public blockchain projects, NEO and Ontology, will be working together on establishing the foundation for next-gen internet. In a press release shared with CryptoSlate, the companies said that the partnership will focus on building an open cross-chain platform. China’s blockchain giants come together Blockchain development had just gotten turbocharged in China, where two […]

Ripple and its associated cryptocurrency XRP are often conflated. Yet, partnerships announcements and updates from Ripple, even when unrelated to the token, impact the price. We interviewed a Ripple employee to better understand the relationship between the price of the token and the success of the company. Major news from Ripple seems to have a […]

Grayscale Investments, a New York-based digital currency asset management firm, released its investment report for Q2 2019. The company’s assets under management (AUM), primarily held in its Bitcoin and Ethereum trusts, have almost tripled in the past few months. The growth was largely fueled by institutional demand. According to the Digital Currency Group (DCG) subsidiary, […]