Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows

In the wake of the spectacular failure of centralized exchanges such as FTX, both crypto natives and investors have increased their focus on decentralized finance (DeFi) and security. Quasar is aiming to address these issues by creating a dedicated layer 1 protocol that will allow investors to deposit funds into permissionless, non-custodial investment vehicles known…

Jun 17, 2020 at 11:47 UTCUpdated Jun 17, 2020 at 11:51 UTCFirst Mover: Compound Has Been a DeFi Darling. Its New Token Is Priced AccordinglyThis week’s debut of live trading in the autonomous lender Compound’s digital token has provided a new data point on just how frenzied the speculation has become over the future of…

Digital asset platform Bakkt Holdings (NYSE: BKKT) will soon allow its customers to trade ether, the second-largest cryptocurrency, in addition to bitcoin, the company said in a statement Friday.Bakkt also said institutional clients can opt to use the Bakkt Warehouse for custody of ether.Shares of the Alpharetta, Georgia-based company, which started trading Oct. 18, rose…

More than 13.3 million bitcoin (BTC) worth $388.7 billion have been dormant on-chain for at least a year, according to data tracked by blockchain analytics firm Glassnode.The tally equals 68.54% of the circulating supply of 19,451,256 BTC and shows a persistent bias for holding the cryptocurrency for long-term gains, according to analysts at the cryptocurrency…

Nov 19, 2020 at 11:23 p.m. UTCUpdated Nov 19, 2020 at 11:25 p.m. UTCThe yuan, China's national currency.(Shutterstock)Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 YearsThe digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech…

Brooklyn-based crypto trading platform Coin Cafe is paying back $4.3 million to defrauded investors, according to a Thursday statement from the New York Attorney General’s office, which accused the company of misleading customers about “exorbitant and undisclosed” fees.The company, granted a New York BitLicense in January 2023, had advertised free wallet storage on its website,…

Snapshot Labs, developer of an off-chain voting platform used by 96% of decentralized autonomous organizations (DAOs) including those overseeing leading DeFi projects Lido and Aave, is adding a blockchain-based option, built on the Ethereum layer-2 network Starknet. Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the

Feb 10, 2020 at 17:30 UTCCredit: Laborant / Shutterstock Enterprise blockchain is a catalyst for further spending at Big Blue, according to Jerry Cuomo, IBM’s vice president of blockchain technologies."It is driving additional spend,” Cuomo said. “When you look at the direct attribution of the actual dollars spent on blockchain, we are seeing that for…

Global tech giant IBM is partnering with hardware manufacturer Seagate to ensure that computer hard drives are authentic using blockchain tech. The companies announced Tuesday that they would be logging Seagate-produced drives on the IBM Blockchain Platform to block counterfeits from being utilized in data servers or otherwise distributed to end users expecting genuine products.…