Blockchain banking app, Bitwala, has integrated with DeFi app Celsius to offer interest to Bitcoin hodlers. German blockchain banking firm Bitwala has partnered with pioneering decentralized finance, or DeFi, platform Celsius to offer annual interest on Bitcoin (BTC) holdings of up to 4%. Funds deposited from customers who opt to use Bitwala’s Bitcoin Interest Account…
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DigiByte’s founder has stood down citing a corrupted crypto culture fixated on profiteering just weeks after DGB rallied 90% in six weeks. Jared Tate, the founder of DigiByte (DGB), has announced he is stepping down from his daily operation, accusing the crypto community of becoming “co-opted [and] eroded by greed” and warning of centralization. Tate’s…
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Despite heavy losses in VC funding across the crypto sector at large, DeFi lending firms saw a more than 50% increase in fundraising during April. A report published by venture capital research firm, Ana.vc, has revealed a 57% decline in crypto funding from VCs over the month of April. Despite the decline in overall investment,…
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The Web3 Foundation is holding off on its plan to redenominate Polkadot’s DOT tokens following a non-binding community referendum. The Web3 Foundation has pushed back its proposal to redenominate 100x of Polkadot’s (DOT) supply after conducting a community referendum on the Kusama network. While the referendum, dubbed a Polkassembly, largely saw support for the proposal,…
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German bank WEG has partnered with Anquan Capital to explore DLT applications in the banking and financial services industries. Ten31, the FinTech arm of Germany’s WEG Bank, has partnered with Singaporean technology incubator, Anquan Capital. While the entities have yet to detail the specific projects they’ll work together on, a press release announced that the…
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Local police have busted Wotoken, China’s second ten-figure crypto Ponzi. The scam, Wotoken, took in roughly $1 billion worth of crypto at current prices from over 715,000 victims. One of the scam’s core operators is purportedly linked to PlusToken — a multi-billion Ponzi that is believed to have impacted the price trajectory of Bitcoin (BTC)…
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Check out this week’s Bad Crypto News. The halving came and the halving went, which means that miners now only get 6.25 Bitcoins for each block and we only have about 1450 days to wait until the next one. That’s something to look forward to, especially as this halving didn’t seem to do much harm.…
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Celo founder Rene Reinsberg discusses entering the early phases of mainnet and The Celo Foundation’s recent $10 million auction. The Celo Foundation raised $10 million for its blockchain platform Celo in a dutch auction on CoinList on May 12. The auction sold out within 12 hours, with Celo Gold (cGLD) tokens selling for roughly $1…
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There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe? Many crypto holders are reporting their crypto transactions for the first time as a result of the United States Internal Revenue Service’s question about “virtual…
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Public blockchains came under the attack of Salesforce exec, and EY and VeChain stepped up to explain how businesses are using them. The question of whether enterprises should use public or private blockchains for business has become extremely relevant today. A recent report from Fortune Business Insights predicted that the blockchain market will reach $21…
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