Crypto News Roundup for Oct. 19, 2021

Ethereum is running at full capacity. At least, that's according to Afri Schoedon, the release manager for ethereum software client provider Parity Technologies. On Thursday, he warned due to the scaling challenges faced by the second largest blockchain by market cap to: "Stop deploying dapps to ethereum." The tweet caused an uproar, with ethereum creator Vitalik…

news TrustToken has announced a new partnership that it says will allow traders using its regulated stablecoin, TrueUSD (TUSD), to have a “real-time” view of the U.S. dollars backing the token. For the effort, the San Francisco-based firm has teamed up with accounting firm Armanino, which has developed a dashboard that provides an up-to-date, third-party view of…

news Coinbase is adding XRP to its retail platforms, allowing all customers in select jurisdictions access to the world’s third-largest cryptocurrency by market cap. On Thursday, the company, which already offers retail consumers access to bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, USDC, zcash, Brave’s Basic Attention Token, the 0x protocol token and withdrawals of…

feature Is the next halving going to send bitcoin to the moon? Well, maybe not that fast. As the programmed reduction of the miners’ reward is approaching (expected to happen in May next year), people are disagreeing about its probable effects. Bitcoin has gone through the halving two times before, in November 2012 and July 2016, and…

Markets Daily Crypto RoundupWith crypto markets taking a breather after bitcoin led the markets with a strong rally and a look at what NOT to do with NFTs, CoinDesk’s Markets Daily is back with the latest news roundup.Listen on:

news A blockchain startup for ethical supply chain management just raised $4 million in seed money. OpenSC, a joint venture of the Boston Consulting Group and environmental protection group the World Wide Fund, announced today $4 million in seed funding from investor Christian Wenger. OpenSC uses blockchain technology to track goods for ethical malpractice. The capital…

news General Motors Financial, the financing arm of the automaking giant, said Monday that it is partnering with blockchain startup Spring Labs on solutions for identity verification. The startup – which counts former Trump economic advisor Gary Cohn on its board of advisors – said that GM is exploring the acquisition of a stake alongside…

Venezuela is using USDT to bypass sanctions, Reuters reported.This is the country's second experiment with crypto as a means to bypass sanctions.Venezuela's state-owned oil company, PDVSA, is looking to Tether (USDT) as a means to bypass new sanctions placed on it by the United States, Reuters reported.Reuters reported that PDVSA is trying to integrate more

Bitcoin is up 5.8%, leading the crypto market recovery after Monday’s sell-off.BTC could benefit from investors ditching altcoins after the SEC deemed multiple tokens unregistered securities in lawsuits against Binance, Coinbase, one analyst said.Cryptocurrency prices recovered on Tuesday with bitcoin (BTC) leading the charge a day after a mass sell-off triggered by the U.S. Securities…