Ledn secures industry-first $50M Bitcoin-backed syndicated loan

The smart contracts platform has made substantial progress within the DeFi space since its launch last year. 1153 Total views 13 Total shares The Avalanche Foundation has announced a significant $230M investment from a venture capital group spearheaded by Polychain and Three Arrows Capital for the purpose of supporting the growth of the DeFi ecosystem and…

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton said that the regulator needs to feel comfortable with cryptocurrency custody and ensure no market manipulation can take place before approving a crypto exchange-traded fund (ETF). Clayton made his remarks during an interview with CNBC on June 6.When Clayton was asked whether an ETF based…

Filecoin revs up test net, hosting a competition prior to its mainnet unveiling. 486 Total views 13 Total shares Blockchain-based decentralized data storage solution Filecoin unveiled its testnet recently, complete with a competition. In an act of network experimentation, Filecoin's test network will host a three week mining contest worldwide, with 4 million of the project's…

Japanese cryptocurrency exchange Coincheck has announced it is reducing the scope of its leveraged trading options to comply with local rules.In a blog post on Aug. 30, officials said they were reducing the size of leverage available for margin traders from five times to four times.Coincheck plans Oct. 31 changesThe move has come in direct…

Regulators have green-lighted a new exchange-traded fund that provides exposure to “Bitcoin Industry Revolution Companies.” 1258 Total views 4 Total shares The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC).The ETF, which…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Jeff Schumacher, founder of BCG Digital Ventures, told CNBC during…

Bitcoin price broke the $10,000 barrier and rallied to $10,380 for the first time in 3 months. 1679 Total views 34 Total shares Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S.…

Google’s Play Store for Android smartphone apps seems to have taken an issue with reporting on cryptocurrencies and blockchain news, taking down several notable apps, including ours. The newest block?As of 2:00 PM EST, apps of crypto news sites including Cointelegraph and Coindesk were unavailable on the Play Store.Screenshots of results returned for Cointelegraph and CoindeskGoogle…

The Vice President of the crypto exchange would also be put on trial, but without preliminary detention. 22 Total views 1 Total shares The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on…