Prediction Market has always been a tepid track in the DeFi world.
The Russian Ministry of Finance drafted laws to regulate cryptocurrencies and counter money laundering through digital assets. It proposes to introduce criminal liability for the lack of declaring cryptocurrencies.
Cameron Winklevoss, co-founder of Gemini cryptocurrency exchange, expressed disagreement with the widespread opinion that the DeFi market boom is similar to that one of ICOs in 2017. According to him, unlike ICO projects, DeFi protocols are already working.
According to CoinGecko, more than a third of DeFi users involved in yield farming do not know how to read smart contracts and assess the risks associated with them. This is fraught with loss of investment in the future.
South Korean largest cryptocurrency exchange Bithumb is reportedly on sale again. The deal could be worth $600 million.
The number of issued USDT stablecoins exceeded 15.1 billion. Their number barely exceeded 4 billion just a year ago.
Cryptocurrency and derivatives exchange Phemex just listed 7 new perpetual contract trading pairs: ADA/USD, ALGO/USD, COMP/USD, DOT/USD, LEND/USD, YFI/USD, BCH/USD.
The decentralized exchange Uniswap, which recently surpassed Coinbase in trading volume, launched its own governance token under the ticker UNI.
Metrics reflecting the sentiment of cryptocurrency investors are at the lowest level. This may indicate the prevalence of negative moods and long stagnation on the cryptocurrency market.
In August the commission fees on the Ethereum blockchain hit an all-time high – transaction cost surpassed $10, some users report seeing a figure of $200 and even $400, while transaction speed slowed down to hours and even days.
The New York Attorney General's Office is insisting that Tether and Bitfinex provide financial documents relating to the nearly $1 billion loan. New York prosecutors accused both companies of concealing losses.
The derivatives market as part of the traditional market was valued at $640 trillion (the value of outstanding derivatives contracts) in the first half of 2019.
Co-founder of DeFi project SushiSwap, which raised $1.5 billion in just a week and then mired in scandals, returned all the $14 million worth of ETH that he withdrew from the developer fund and sold last week. Chef Nomi apologized for his actions.
The US Internal Revenue Service (IRS) announced a tender to develop a solution capable of tracking transactions in the Monero confidential cryptocurrency network. For the creation of such a tool, American tax authorities are ready to pay $625,000.
BUYTEX, a cryptocurrency exchange, has announced that it expands its core team this September with Vincent Veisman – the ex-CEO of the Coinsbit crypto exchange will join BUYTEX as its Chief Business Development Officer.
The founder of the Bitclub Network admitted charges against him of selling unregistered securities and filing a false tax return. The damage from Bitclub's actions is estimated at $722 million.