Cryptocurrency News

Cardano's real competition is not who you'd expect, says new Cardano Foundation CEO Frederik Gregaard, the incoming CEO of the Cardano Foundation, shared his perspective on FinTech's competitive landscape and major technology trends with Cointelegraph.Discussing competition, Gregaard said that the protocol's biggest opponents do not come from within the blockc

Chainalysis and Texas firm win million-dollar IRS contract to crack Monero On Wednesday, the IRS awarded two $625,000 contracts looking for tracing tools for privacy token Monero and Layer 2 protocols. The winners were blockchain analytics firms Chainalysis and Integra FEC.The IRS initially publicized its quest for a privacy-busting analytics solution at the b

Bitfinex will offer 6.2% interest on three popular coins Update: Cointelegraph has learned that this product has been delayed until October 15th, 2020.Crypto exchange Bitfinex is now offering a way for holders of three different cryptocurrencies to earn up to 6.2% annual interest.

Maduro claims crypto will play role in fighting sanctions against Venezuela The President of Venezuela Nicolas Maduro says that the country's government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions.On Sept. 29, Maduro presented a new bill that intends to help the country overcome the impact of United States’ sanctions.

Crypto finance firm Swipe launches Visa DeFi lending card Swipe, a Binance-owned cryptocurrency debit card provider, is expanding its offering with a new crypto Visa (NYSE:V) card that allows users to borrow funds using blockchain technology.Dubbed the “LendFi Visa Card,” the new product deploys major decentralized finance protocols to provide “near-inst

KuCoin hack unpacked: More crypto possibly stolen than first feared Cybercriminals have continued to come up with new, innovative attack vectors that a lot of prominent crypto platforms are still falling prey to. For example, Johnny Lyu, the CEO of Singapore-based cryptocurrency exchange KuCoin, stated on Sept. 26 that the exchange had been on the receiving en

RSK announces enterprise spin-off to focus on blockchain integration tools A new enterprise initiative launched by IOVLabs, the company behind the RSK Bitcoin sidechain, seeks to simplify blockchain development for governments and enterprises.The joint venture, called Extrimian, was established with Argentinian software provider Grupo Sabra to create the RSK E

Bitcoin exchange reserves down $5B in 2020 hints at whale accumulation The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating.According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchan

French police arrest terror financing ring that used Bitcoin coupons A large goup of accomplaces allegedly financing a jihadist network in Syria have been arrested after a sting operation by French police — despite choosing cryptocurrency coupons in an attempt to cover their tracks.In a statement, police said that "constant surveillance of these networks pro

Indian man arrested on charges of crypto fraud via 'Morris Coin' scheme District police have arrested a 36-year-old man from the Malappuram district of the south Indian state of Kerala on charges of operating a cryptocurrency scam.Nishad has been charged under the Prize Chits and Money Circulation Schemes (Banning) Act by the district police chief U Abdul Kari

At $10,600, Bitcoin price is on track for its second-best quarter ever Bitcoin (BTC) is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go.According to price records from on-chain analytics resource Skew, this year should produce Bitcoin’s strongest Q3 in its history.

Government investment firm develops blockchain health passport in Singapore In a pandemic era of unprecedented health data collection and surveillance, Singapore is turning to blockchain technology for the infrastructure that can make it work. Government-owned investment firm SGInnovate and Singaporean startup Accredify have jointly developed a new blockchain-

Blockchain legislation passes the House, heads for Senate The updated Consumer Safety Technology Act, which now includes the Digital Taxonomy Act and the Blockchain Innovation Act, has passed in the House of Representatives and is now headed for the Senate as of Tuesday afternoon.The Digital Taxonomy Act provides definitions for the terms "digital asset" and "

93% of the top 250 coins declined in price in September Over the last few months, DeFi protocols including Yearn.Finance, Compound, Synthetix, and Chainlink have seen their token prices go through the roof, sparking talk that the long-awaited bull market might be here. The DeFi boom is built on Ethereum and propelled ETH’s price rise from $100 in March to $4

Global economy saved: Reddit’s MOON token has a $2.64 septillion market cap In defiance of Reddit's apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’ tokens for fiat — and it’s resulted in a pretty surprising market cap. In May Reddit announced it would begin distributing ERC-20 rewards tokens

FinCEN director warns banks about cryptocurrency risk exposure The U.S. Financial Crimes Enforcement Network (FinCEN) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure.During the virtual 2020 ACAMS anti-money laundering Conference in Las Vegas this week, Blanco discussed the obligations of banks in implementin

StrongBlock launches DeFi protocol but token prices slump 70% Just-launched DeFi protocol StrongBlock has announced the integration of Chainlink oracles — however its native token’s price tumbled 70% today. The platform, founded by former members of the original EOS core team, was launched on Sept. 29. StrongBlock says that low quality and insecure blockch

Court tosses out short-sellers’ lawsuit targeting Overstock’s 'digital dividend' A Utah federal judge has tossed out a lawsuit that accused Overstock (NASDAQ:OSTK) ($OSTK) of market manipulation by distributing a ‘digital dividend’ of security tokens to shareholders and repeatedly revising retail earnings guidance upward to punish short-sellers.U.S. di

'No coiner' TikTok star launches finance podcast with Bitcoin bull Pomp A 21-year-old social media star famous for his TikTok videos is entering the crypto space, guided by Bitcoin bull Anthony ‘Pomp’ Pompliano.Bryce Hall has launched a finance podcast with Pompliano called “Capital University”. Unlike Pomp’s regular podcast, which is focused on bus

‘DeFo’ staking enabled for Waves' Neutrino stablecoins U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking.According to a Sept. 29 announcement from Waves, the exchange has expanded its tokenized assets ec

Afraid of DeFi? Here’s how to earn 41% APY on Bitcoin without wrapping it The number of investors interested in yield farming has grown immensely over the past 6-months as decentralized finance (DeFi) applications became better known and easier to use. This has led to an uncountable number of liquidity pools offering annual percentage yields (APY) surpassing

Malaysian billionaire steps down to pursue 'horse currency' offering The founder of Malaysian investment giant Country Heights Holdings is stepping down from his position to focus on issuing a cryptocurrency.According to a Sept. 28 article in news outlet The Edge Markets, billionaire Lee Kim Yew — also known as Lee Kim Tiong — will no longer be the executi

Congress weighs crypto payments and fintech lending in hearing today In a hearing on Tuesday, the Congressional Fintech Task Force heard arguments on new rules that would potentially expand banking regulations to accommodate more technology firms providing financial services.A subunit of the Financial Services Committee, the Fintech Task Force leads the commit

DeFi is too 'noisy,' MyEtherWallet CEO says The crypto space's decentralized finance niche has reached frenzied status within the crypto industry, signaled by exuberant price highs and rampant speculation."DeFi is the new overhyped concept in Ethereum," MyEtherWallet, or MEW, CEO and founder Kosala Hemachandra told Cointelegraph in an interview. "The noise is

The Cardano Foundation’s new CEO says he will prioritize the platform’s longevity Cardano recently celebrated the third anniversary of its Mainnet launch. In the run-up to this occasion, Cointelegraph had the opportunity to discuss the project's future plans with the Cardano Foundation’s incoming CEO, Frederik Gregaard.Gregaard, who has not yet official