The collapse in Ether’s price could lead to an emergency shutdown for DeFi leader MakerDAO, though it’s a contingency that developers are eager to avoid. As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown — though that possibility remains…
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One of the world’s oldest crypto exchanges, OKCoin, now allows users in Singapore and Brunei to trade the Singapore dollar against Bitcoin and Ether. OKCoin, one of the world’s oldest cryptocurrency exchanges, is continuing to expand its fiat-to-crypto onramps by adding support of the Singapore dollar (SGD). Starting March 12, OKCoin users can deposit and…
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Source: iStock/Marco_Piunti Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crime news Police in Tokyo have released further details about the two men it arrested yesterday in connection with the January 2018 hack of the Coincheck crypto exchange. Per…
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MakerDAO, the organization behind the Dai stablecoin, is making a bid for Dai to serve as a “real parameter” of dollar-pegged value for video game economies. MakerDAO, the organization behind the Dai (DAI) stablecoin, is making a bid for Dai to serve as a “real parameter” of dollar-pegged value for video game economies. As blockchain…
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Xi Jinping. Source: a video screenshot, Youtube, VICE News Chinese President Xi Jinping has voiced fresh support for blockchain technology, praising its ability to aid efforts to fight the spread of the coronavirus epidemic that has infected almost 81,000 Middle Kingdom citizens. Xi’s first announced his support of blockchain technology in October last year, spurring…
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The Cryptoverse had welcomed another all-time high – that of, let’s call them, wholecoinddresses (addresses with at least 1 bitcoin). The number of investors holding 1 Bitcoin (BTC) or more, known as wholecoiners, seems to be on the rise recently. Though we can’t be sure how many investors in total that is, crypto market researcher…
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The Japanese cryptocurrency scene could be about to welcome another major player to the fray – after major securities and brokerage firm Tokai Tokyo became the latest member of an increasingly high-profile and powerful-looking security token offering (STO) association. The move comes just months after Tokai Tokyo made a USD 4.6 million investment in crypto…
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US-based Chase Bank has settled an agreement with a class of customers who claim the bank billed their credit card cryptocurrency transactions by classifying them as expensive cash advances without prior warning. Chase’s customers Brady Tucker, Ryan Hilton, and Stanton Smith accused the bank of breaching the cardholder agreements with them and other customers by…
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An Overstock shareholder believes that the company’s directors facilitated the former-CEO Patrick Byrne’s dumping of $90 million worth of stock last September. Online retailer Overstock is facing a lawsuit from shareholder John Murphy over former CEO Patrick Byrne’s abrupt departure from the company and off-loading of $90 million worth of shares. According to Law360 on…
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The aftermath of Bitcoin’s worst hourly performance in history continues to weigh on exhausted traders as Wall Street plummets again. Bitcoin (BTC) struggled to turn $6,000 into support during trading on March 12 as the second “Black Monday” event in the same week pushed stocks to perilous lows. Cryptocurrency market daily overview. Source: Coin360 BTC…
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