Crypto sees 5th week of outflows on ‘poor’ BTC sentiment: Coinshares

A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds. 270 Total views 7 Total shares State regulators from Texas and Vermont have filed a motion objecting to embattled crypto lender Celsius’ plans to sell off its stablecoin holdings. Separate motions from both regulators filed on Sept.…

The hackers continue to spread out the stolen funds using Bitcoin privacy tools as a means to remain anonymous, despite the identity of the hackers believed to be a North Korean cybercrime group. The hackers behind the $625 million Ronin bridge attack in March have since transferred most of their funds from ETH into BTC…

Japanese online broker Monex Group is planning to start trading in their United States cryptocurrency exchange in July, CEO Oki Matsumoto said on April 25, according to Cointelegraph Japan.The spin-off, currently dubbed TradeStation Crypto, would serve semi-professional traders and seeks to shore up profitability for Monex’s cryptocurrency offerings.Reuters also noted today that Monex had a…

A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020, English-language local media Korea Times reports on July 14.Per the report, the participants are financial services firms KEB Hana Bank, Woori Bank, KOSCOM, mobile carriers SK Telecom, KT, LG UPlus, and technology behemoth Samsung Electronics. The aim of…

Ethereum’s system-wide activation of the Istanbul hard fork has arrived two days early and caused a split of the Ropsten testnet.Huge miner pushing the non-forked chainOn Sept. 30, the community manager of the Ethereum Foundation, Hudson Jameson, explained on Twitter that there are miners still relying on the old Ropsten testnet, while others are already mining on the…

Major South Korean bank KB Kookmin Bank is planning to integrate blockchain technology into its internal processes.As local news outlet Korea JoongAng Daily reported on Oct. 7, KB Kookmin stated that blockchain technology could provide a spectrum of benefits to the financial industry, including the issuance of digital tokens, funding, custodial services and trading.Taking a…

The report highlights the DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach…

The billionaire crypto investor admits there are still hard times ahead for most financial markets, but says that as long as the crypto space produces new tech, it will be fine. 1298 Total views 8 Total shares Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him…