The Dai stablecoin has hit its 100 million token debt ceiling ahead of an upgrade to its collateral protocol. The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted. Data from Etherescan shows there are the top 100 holders of the Ethereum-based stablecoin…
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Following President Xi’s statement, China is now actively pursuing blockchain development through regulation, promotion and application. After President Xi Jinping called to speed up the development of blockchain technology in the country on Oct. 24, blockchain-related news from China just keeps on coming as the country is seemingly eager to beat the United States (or…
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A Russian newspaper says it has seen a copy of the much-awaited draft law “On Digital Financial Assets” – a piece of legislation that might decide the fate of cryptocurrencies in the country. However, local experts do not agree what this draft means exactly. RBC states that “two sources familiar with the matter” confirmed the…
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Brad Garlinghouse. Source: a video screenshot, Bloomberg There are too many crypto assets, according the CEO of Ripple (XRP), a California-based blockchain startup focusing on payment technologies. And though volatility will continue, there are bullish trends visible for the entire crypto market, he added. “I agree with you. There are too many,” replied Brad Garlinghouse…
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Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Digital fiats news China’s digital fiat, the Digital Currency Electronic Payment (DCEP), is designed to substitute existing coins and paper money, which means that holders of the currency would…
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Even though BitMEX is trying to brush aside its recent email leak, many industry personnel seem to think the matter is serious. On the first day of November, it came to light that popular crypto derivatives exchange BitMEX had accidentally leaked sensitive data related to its users, which occurred as a result of the company failing…
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Chinese president’s embrace of blockchain tech triggered a recent surge in Bitcoin’s price, Galaxy Digital CEO Mike Novogratz said. China’s President Xi Jinping gave credibility to blockchain and crypto by calling the country to accelerate blockchain adoption, said Galaxy Digital CEO Mike Novogratz. The cryptocurrency investor delivered his remarks speaking at the Reuters Global Investment…
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The Ministry of Digital Transformation of Ukraine and Binance plan to collaborate on the creation of new virtual assets in Ukraine. Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country. Potential legal status of cryptocurrencies in Ukraine Binance has signed a memorandum of understanding (MoU) with the…
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Veteran journalist Jay Cassano is Cointelegraph’s new executive editor. I’m thrilled to share that I’m the new executive editor of Cointelegraph. I wanted to take this opportunity to introduce myself to our readers. This is a return to blockchain journalism for me. I first bought Bitcoin in 2011, when I was curious about this new…
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After a downside correction, bitcoin price tested the USD 9,200 support area, where it found a solid buying interest. BTC/USD formed a support base above USD 9,200 and USD 9,250. As a result, the price is currently (09:00 UTC) recovering towards the USD 9,450 and USD 9,500 resistance levels. On the other hand, there were…
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