Month: February 2021

Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions

February 28, 2021

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A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting […]

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Dogecoin hasn’t always been a ‘fun meme coin’

February 28, 2021

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Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE’s early days. […]

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Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

February 28, 2021

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The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview The BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the time of writing.  […]

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Professional traders need a global crypto sea, not hundreds of lakes

February 28, 2021

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Coinbase’s IPO announcement has been hailed as “a milestone for the crypto industry” by Fortune Magazine. Similar to the Netscape IPO announcement that signaled the legitimacy of the internet, Coinbase’s impending public offering signals to the public at large that cryptocurrency trading is legitimate, legal and secure in the eyes of the Securities and Exchange […]

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Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

February 28, 2021

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Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product. On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour […]

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3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

February 27, 2021

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As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention as they are the well-known ‘secure’ blockchain projects.  Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile […]

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Bitcoin plunges, Ethereum suffers, Musk loses billions: Hodler’s Digest, Feb. 21–27

February 27, 2021

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Increasing stock market volatility drags Bitcoin and altcoin prices lower […]

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This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

February 27, 2021

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Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in a way that is not […]

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Transaction batching protocol Furucombo suffers $14 million “evil contract” hack

February 27, 2021

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The latest attack relied on user permissions granted to the protocol 29138 Total views 37 Total shares The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds.  Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the […]

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Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

February 27, 2021

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Critics of the digital currency have visions of the future every bit as silly as maximalist’s. 32674 Total views 253 Total shares Not everyone is excited about hyperbitcoinization.  According to a popular copy/paste meme, Bitcoin hodlers are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted […]

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