The White House issued two advisories on drug purchases in the U.S. Wednesday, using the communications to make specific references to the role of cryptocurrencies in such transactions. The advisories, addressed to both financial institutions and digital payment platforms, state that…
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Huobi Expanding DeFi Presence With MakerDao, Compound Support
Singapore-based Huobi is expanding its presence in decentralized finance (DeFi). The crypto exchange announced support for two autonomous loan making vehicles, the infamous MakerDao and a similarly open-sourced Compound protocol, according to an August 19 statement. Both ethereum-based protocols serve…
Crypto and Security Token Exchange INX to Raise $130 Million in Landmark IPO
INX Limited, a crypto exchange startup, plans to raise up to $129.5 million through an IPO, in the first security token sale registered with the U.S. Securities and Exchange Commission (SEC). No, that’s not a typo for “ICO,” the initial coin…
Fidelity’s Charity Arm Has Received Over $100 Million in Crypto Donations
Fidelity’s charity arm, Fidelity Charitable, said late last month that it has received more than $100 million in cryptocurrency donations since 2015. In total, more than $106 million worth of cryptocurrencies has been granted to Fidelity Charitable since it first…
This ICO Startup Didn’t Die During Crypto Winter. It Has DAI to Thank
The Takeaway: Monolith turned a $16.9 million ICO into $25 million-worth of assets by riding the bull market of 2017 then taking out DAI loans. This DAI strategy is increasingly common among ethereum-centric startups. MakerDAO and Monolith are now collaborating…
These Bitcoin Users Want DAI and DeFi – Here’s How They Plan to Get It
Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on…
Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody Business
Cryptocurrency exchange Coinbase has acquired the institutional business of cryptocurrency wallet and custody service provider Xapo. Coinbase said in an announcement on Thursday that the deal will help expand its custody business and will increase its assets under custody to…
Bitcoin Drops to $10K in Worst Daily Loss in a Month
The cryptocurrency markets were flashing red again on Thursday after bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours. On August 14, beginning at 12:00 UTC, BTC began to fall sharply from…
Barclays Is No Longer Banking Coinbase
The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart Clearbank, according to people familiar…
Congressional Research Service Finds Potential Blockchain Uses for Energy Sector
The U.S. Congressional Research Service has released a report detailing the potential uses for blockchain in the national energy sector. In a report published August 9, the legislators detailed the current state of energy consumption related to cryptocurrency mining, both…