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Tuesday, March 24, 2020
CryptoCurrency News: For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses
While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.
via CoinDesk
CryptoCurrency News: Everledger Looks Beyond Blood Diamonds With ESG Supply Chain Collaboration
Everledger, known for tracking diamonds on the blockchain, says the supply chain for batteries is where it will focus next.
via CoinDesk
CryptoCurrency News: Judge Halts Telegram Token Issuance in Injunction Requested by SEC
A federal judge has granted the SEC’s preliminary injunction request, barring Telegram from issuing any gram tokens when it launches its blockchain network.
via CoinDesk
CryptoCurrency News: 8 US States Follow DHS in Naming ‘Blockchain Managers’ as Essential Employees in Coronavirus Crisis
At least eight U.S. states have directed “blockchain managers” in food and agriculture to keep working through COVID-19 shutdowns following guidance from the Department of Homeland Security, though it remains unclear who this includes.
via CoinDesk
CryptoCurrency News: Stocks, Bitcoin Rally on Prospects for US Senate Stimulus Bill
Financial markets rebounded Tuesday after prospects for a stimulus package out of the U.S. Senate improved. Most cryptocurrencies are gaining, too.
via CoinDesk
CryptoCurrency News: Silvergate Bank Resolves Wire Transfer Issue That Kept Transactions in Limbo
Crypto-friendly Silvergate Bank resolved the last of its wire transfer issues Tuesday morning, said CEO Alan Lane.
via CoinDesk
CryptoCurrency News: The US CFTC Just Defined What ‘Actual Delivery’ of Crypto Should Look Like
The CFTC created formal guidance for when one party has “delivered” crypto assets to another, settling a long-standing question around the issue.
via CoinDesk
CryptoCurrency News: BitMEX Open Interest Collapses After Controversial Long Squeeze
Open interest in XBT/USD on BitMEX has crashed by over 50 percent from 115,000 BTC to 55,000 BTC over the past 12 days.
via CoinDesk
CryptoCurrency News: Cronyism, Zombie Companies and the True Cost of the Coronavirus, Feat. Morgan Creek’s Mark Yusko
Why dependency culture, zombie corporations and debt jubilee could be the true cost of the coronavirus.
via CoinDesk
CryptoCurrency News: The Pandemic Gives Digital Currencies Another Chance to Shine
The pandemic gives digital currencies another chance to shine. Which of CBDCs, bitcoin, or Libra will step up?
via CoinDesk
CryptoCurrency News: Bitcoin’s Approaching ‘Halving,’ Explained
In May 2020, Bitcoin’s third “halving” will take place. Here’s what you need to know about the most hotly anticipated cryptocurrency event of the year.
via CoinDesk
CryptoCurrency News: Bitcoin News Roundup for March 24, 2020
Will the US launch a digital dollar? And what happens to racers when they can't race? Find out on CoinDesk's Markets Daily podcast.
via CoinDesk
CryptoCurrency News: US Senate Floats ‘Digital Dollar’ Bill After House Scrubs Term From Coronavirus Relief Plan
A draft bill posted Tuesday to the U.S. Senate Committee on Banking, Housing and Urban Affairs defines a "digital dollar" and details how it might be maintained.
via CoinDesk
CryptoCurrency News: Russian Prime Minister Introduces Bill to Allow Fintech Sandboxes, Blockchain Included
The new bill would allow the creation of “experimental regulatory regimes” for companies working on cutting-edge technologies like AI and distributed ledgers.
via CoinDesk
CryptoCurrency News: ‘Digital Dollar’ Stripped From Latest US Coronavirus Relief Bill
The latest version of a U.S. House bill to stimulate the economy during the coronavirus pandemic no longer includes any language around a digital dollar, though a Financial Services Committee bill still does.
via CoinDesk
CryptoCurrency News: Polychain, Bain Capital Join $3M Series A Round for Indian Exchange CoinDCX
The funding round comes just weeks after the Supreme Court overturned the country's banking ban.
via CoinDesk
CryptoCurrency News: Alleged Architects of $720M BitClub Ponzi Request Jail Release Over Coronavirus Risk
The accused scammers argue they are unable to follow medical advice in an enclosed jail environment.
via CoinDesk
CryptoCurrency News: Bitcoin Marches on $7K as Traditional Markets Cheer Fed’s QE Bazooka
Bitcoin looks on track to test $7,000 soon, as the stock markets are rising with the Federal Reserve's open-ended easing plan.
via CoinDesk
CryptoCurrency News: Bybit Enables Two-Way Margin Trading With Perpetual Contracts Quoted in Tether
The Singapore exchange has added tether (USDT) perpetual contracts to simplify account management and allow two-way trades.
via CoinDesk
CryptoCurrency News: Emin Gun Sirer’s AVA Labs Seeks Wall Street Business After Open-Sourcing ‘Avalanche’ Protocol
AVA Labs is looking to build financial infrastructure for Wall Street businesses after open sourcing its novel “Avalanche” protocol.
via CoinDesk
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