Sun Nov 24 12:33 AM

SEC Brought 56 Court Cases against Crypto, Chairman Jay Clayton to Leave by Year End

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The SEC revealed that it brought 56 cases related to blockchain projects, cryptocurrencies and digital assets since July 2017. The current serving Chairman of the Securities and Exchange Commission (SEC) Jay Clayton is set to conclude his tenure by the end of the year. According...

Ethereum 2.0 Upgrade Is Only 18% Ready for Launch

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Upon a successful upgrade on the 1st of December, Ethereum would shift from its current proof-of-work design to a proof-of-stake consensus protocol. Ethereum 2.0 upgrade, set to launch on the 1st of December, is just 18% ready. For a successful launch, Ethereum 2.0 would need...

Origin Dollar (OUSD) Dips 85% after Origin Protocol Suffers $7M DeFi Attack

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As a precautionary measure, Origin protocol has disabled all deposits to its vaults and warned users not to purchase OUSD on Uniswap or SushiSwap.Origin Protocol has reported a system compromise that resulted in a loss of $7 million of customers’ funds. According to the...

SEC Still Looking into ‘Qualified Custodian’ for Cryptocurrency?

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SEC may be seeking to establish a definition for “Qualified Custodian” to easily identify companies that fall into that category for easy supervision. The US Security Exchange Commission (SEC) has requested public comments on what “Qualified Custodian” means in crypto following ongoing claims. This came...

How OpenDefi Is Bringing Financial Inclusion through Real Assets

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The concept behind OpenDefi is simple. Real assets, such as real estate and gold, can be tokenized to provide fractional ownership to holders. According to a 2018 report by the World Bank, financial inclusion is improving around the world due to the growth of internet...

ADA/USD Analysis: There Is Clear Path To 0.1247

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Cardano continues to head on towards Decentralized Finance, while the third era of the Foundation is expected to be released in March 2021, the team inside the network continue updating the Cardano ecosystem.There are several updates expected in December, k – Cardano’s parameter of...

Skype Co-founder Donates Bitcoin and Ethereum to UK AI Firm, Keeps Wealth in Crypto

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Jaan Tallinn noted that the reason for donating in Bitcoin and Ethereum is the fact that it is much easier to send digital assets. Estonian investor and Skype Co-founder Jaan Tallinn has most of his wealth in digital assets: Bitcoin and Ethereum. This is according...

Bridge Mutual Unveils Insurance Policy in Stablecoin Industry

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Bridge Mutual noted that all stablecoin insurance claims will be reimbursed immediately.Bridge Mutual has introduced insurance services to the fast-growing stablecoin industry. Dubbed the ‘Bridge Mutual Insurance’, it will provide coverage up to the over $23 billion industry. Stablecoin users have a sigh of...

PayPal Reveals Reasons for Not Supporting Ripple’s XRP as Number of XRP Whales Rises

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Over the past week, XRP has been on a continuous rise like Bitcoin and Ethereum. With a market cap of over $12 billion, XRP is currently trading at $0.27.As the number of XRP whales rises, PayPal Holdings Inc (NASDAQ: PYPL) revealed its reason for...

Grayscale Bitcoin Cash Trust Loses $1.6M after BCH Hard Fork

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The Bitcoin Cash hard fork has pushed BCH price sideways with more sellers in the fray. The Grayscale Bitcoin Cash Trust reported a dip in the assets under management over the period of last week.On Sunday, November 15, as a result of hard fork,...