Multicoin Capital has lead a $1.5 million fundraising round in top Chinese DeFi “super-app” platform dForce. Blockchain and cryptocurrency venture capital firm Multicoin Capital has led a $1.5 million seed round for Chinese decentralized finance (DeFi) protocol dForce. Mable Jiang, the principal of crypto venture capital firm Multicoin Capital, told Cointelegraph that dForce’s plan to…
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Huobi launches a tool to monitor illicit cryptocurrency transactions. Per an April 13 announcement, Huobi (HT) Global has launched Star Atlas, an on-chain analytics tool to monitor illicit cryptocurrency transactions that could work in tandem with similar tools. Past criticism The tool should help Huobi address some of the past criticism it had received. Chainalysis’ …
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Major Steem stakeholder Dan Hensley accuses TRON founder Justin Sun of attempting to bribe him with “money, power and users.” Major Steem stakeholder Dan Hensley has levied heavy accusations at TRON founder and CEO Justin Sun. According to Hensley’s April 8 writeup, Sun “bribed” his way to the top of the Steem hierarchy with “money,…
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Large charitable organizations embrace Bitcoin and other crypto donations as the usefulness of crypto in times of crisis emerges. In the war against the novel coronavirus, cryptocurrencies are emerging as a much-needed tool for charity and fundraising projects. Already there are a number of large nonprofits accepting Bitcoin donations. Plus, some blockchain and crypto firms…
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Crypto exchanges saw record trade in March, with the global market crash driving all-time highs for both spot and derivatives trading. CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges. The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets. March…
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Huobi is launching a charity initiative to support Indonesia’s fight against coronavirus. Huobi’s charity arm has announced an initiative to distribute aid to assist Indonesia’s fight against COVID-19. Huobi Charity will distribute aid in partnership with the Indonesia-China Association of Economic, Social and Cultural Cooperation (ICAESCC) to make monetary contributions, donate medical supplies, and leverage…
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Major crypto exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their crypto holdings. Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings. An announcement on April 1 revealed…
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Huobi University Principal stated during a live broadcast that without 2020 financial crisis, there is no blockchain boom. The coronavirus pandemic is the “black swan of 2020”, leading financial markets into a level of decline not seen since the 2008 recession. However, blockchain may still have a chance to flourish during these times of crisis.…
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In view of the recent Steem takeover fiasco, how do some of the most popular exchanges handle user deposits? Crypto exchanges have become the most powerful stakeholders in the crypto ecosystem. Currently, just 12 crypto exchanges hold around 2.5 million Bitcoin (BTC) in their wallets, worth around $15 billion. That’s 13.8% of all Bitcoin mined…
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Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. In its letter posted on March 10, Binance affirmed…
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