HODLers Are ‘In the Money’ Despite Bitcoin’s Drop to Six-Month Lows

Decentralized finance (DeFi) lending protocol MakerDAO’s community has voted to ditch $500 million Paxos Dollar (USDP) stablecoin from its reserves, impacting half of the token’s supply.Voters unanimously favored to decrease the debt ceiling for USDP to zero from $500 million, according to a vote concluded Thursday.The decision has a significant impact on embattled stablecoin issuer…

Kraken has joined Coinbase and Binance as targets of Securities and Exchange Commission accusations that the companies are operating without properly registering as securities businesses in the U.S. The SEC highlighted a long list of tokens it considers securities that Kraken traded, each of which has now made multiple appearances in SEC enforcement actions.Crypto exchange

Mar 26, 2020 at 17:00 UTCUpdated Mar 26, 2020 at 17:18 UTCGold-Backed Stablecoins Race to Keep Up With Crisis-Driven DemandGold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.Demand for Paxos Gold (PAXG) and Tether Gold (XAUT), two of the most liquid gold-backed token…

Sep 18, 2020 at 12:34 UTCUpdated Sep 18, 2020 at 12:39 UTCOne of the oldest investment firms in crypto has joined the governance organization behind the Facebook-backed Libra project. The Libra Association announced Friday that Blockchain Capital would advise on the creation of its global payment system.It would also make its network of experts and…

Traditional-finance giants JPMorgan and Apollo successfully worked with a handful of blockchain firms to demonstrate "proof of concept" for how asset managers could tokenize funds on the blockchain of their choice, according to a press release.JPMorgan’s Onyx Digital Assets collaborated with interoperability layer Axelar, infrastructure provider Oasis Pro and Provenance Blockchain to manage large-scale client

Featured SpeakerJenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon...Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University's business and economic reporting program.Featured SpeakerJenny JohnsonPresident…

news Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, has escaped some charges, but been found guilty of manipulating exchange data in a Japanese court. According to a report from The Wall Street Journal on Friday, the Tokyo District Court found Karpeles guilty of wrongfully making electronic records connecting to Mt. Gox’s…

ENJ has been given the official nod by the Japan Virtual Currency Exchange Association, a self-regulatory body.Jan 19, 2021 at 9:57 a.m. UTCEnjin Coin Becomes First Gaming Cryptocurrency Whitelisted for Use in JapanEnjin Coin (ENJ) has jumped over Japan’s strict regulatory hurdles to become the first gaming cryptocurrency to be whitelisted for use in the…

Bitcoin now worth nearly $7 million held by the DarkSide ransomware group involved in the Colonial Pipeline attack in May is on the move, according to blockchain analytics firm Elliptic.Following the attack, which threatened the petroleum supplies of five eastern states in the U.S., DarkSide’s share of the amount paid in ransom remained dormant until…