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Monday, December 28, 2020
CryptoCurrency News: Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple
Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of an SEC lawsuit against Ripple Labs.
via CoinDesk
CryptoCurrency News: Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish
Bitcoin takes a break after record price-setting Sunday while some traders are plowing BTC into ETH.
via CoinDesk
CryptoCurrency News: Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril
Defi insurer Cover Protocol, designed to reduce smart contract failure risks, was exploited by a bug in its smart contract on Monday morning.
via CoinDesk
CryptoCurrency News: SEC Disapproves BOX Security’s Request to Report Stock Trading Data on Ethereum Blockchain
BOX proposed a rule change to the SEC for using the Ethereum blockchain to record and publishing end-of-day securities ownership balances.
via CoinDesk
CryptoCurrency News: OKCoin to Suspend XRP Trading and Deposits on January 4
OKCoin said it will suspend XRP trading and deposits on its crypto exchange, effective on January 4, 2021, according to its statement on Monday afternoon. The exchange specified two key dates along the suspension timeline. “At 3 a.m. UTC time on January 4, the exchange’s users who have borrowed from the XRP/USD margin pair (incl. […]
via CoinDesk
CryptoCurrency News: Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank
Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.
via CoinDesk
CryptoCurrency News: Cover Protocol May Launch New Token Following Attack
Cover Protocol announced it's exploring launching a new COVER token through the snapshot before the attack by a "white hat" hacker on Monday morning.
via CoinDesk
CryptoCurrency News: SEC Obtains Emergency Asset Freeze Against Virgil Capital
Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks.
via CoinDesk
CryptoCurrency News: LISTEN: Charles Cascarilla – PayPal Whisperer – Most Influential 2020
In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Zack Seward's profile of Charles Cascarilla, one of CoinDesk's Most Influential People in 2020.
via CoinDesk
CryptoCurrency News: Whale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: Analyst
Big bitcoin balance holders, or "whales," are moving less crypto onto exchanges, signaling some reduction of sell-side pressure, according to CryptoQuant.
via CoinDesk
CryptoCurrency News: Charting Asia’s Dominant FinTech Frontier
Asia looks poised to continue its trajectory towards digital dominance, says the co-founder of Zilliqa.
via CoinDesk
CryptoCurrency News: That Decoupling Sound: China, the US and a Year of CBDCs
This year China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun.
via CoinDesk
CryptoCurrency News: XRP is a Crypto Asset in Japan, Not a Security, Ripple Partner SBI Claims
The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating under Japanese law XRP is a "cryptocurrency asset" and not a security.
via CoinDesk
CryptoCurrency News: Cover Protocol Attack Perpetrated by ‘White Hat,’ Funds Returned, Hacker Claims
The decentralized finance (DeFI) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, a so-called ‘white hacker’ claimed responsibility for the attack, saying all funds had been returned. The exploiter has cashed out over $4 million including about 1400 either, […]
via CoinDesk
CryptoCurrency News: The Rise of the Bitcoin Class
How a VC working in China finally convinced her Dad to buy into Bitcoin. The winning argument: Protection against government seizure.
via CoinDesk
CryptoCurrency News: Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M
The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.
via CoinDesk
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