DeFi protocol SushiSwap raises $700 million in three days
More than $700 million in cryptocurrencies were frozen in the SushiSwap protocol within the first three days. Sushiswap is a fork of the decentralized trading platform Uniswap. Users were not even embarrassed by the fact that the software was practically not subject to technical audit.
Uniswap surpasses Coinbase in daily trading volume
The trading volume on Uniswap exceeded the volume of trades on Coinbase Pro for the first time in history. The growth is due to the unprecedented popularity of DeFi projects.
Research: number of bitcoins in wallets of miners reaches two-year high
Bitcoin miners are in no hurry to sell their mined coins, expecting the first cryptocurrency that is currently trading at about $11,000 to grow. Miners' wallets accumulated a record high number of bitcoins.
Buterin names main problems of cryptocurrency world
Ethereum creator Vitalik Buterin assessed the risks bitcoin, Ethereum and other cryptocurrencies. He shared his concerns about technical problems and regulatory threats.
Thousand of unlicensed mining farms closed in Iran
After the launch of whistleblowers program, Iranian authorities disclosed more than a thousand of cryptocurrency mining farms that operated without special license.
Sberbank and S7 Airlines to start selling tickets through blockchain platform
S7 Airlines, in partnership with Sberbank, is implementing a ticket purchase system using a blockchain-based platform, smart contracts and tokens. The service will be available to ticket agents who have corporate accounts in Sberbank.
Coinbase accuses Apple of bias against cryptocurrency applications
The Apple Store continues to block cryptocurrency-related apps. According to the head of Coinbase, the IT giant demonstrates hostility towards cryptocurrencies.
Research: washing trades on some crypto exchanges reaches 98%
Blockchain Research Lab found witnesses of high levels of fake trading on several crypto exchanges. They urge CoinMarketCap and CoinGecko to step up the fight against this practice and display clearer trading data.
Chainalysis: $50 billion was moved from China using cryptocurrencies
Over the past year, more than $50 billion in cryptocurrencies was moved from digital wallets in China to other jurisdictions, according to the latest Chainalysis report. Chinese people use cryptocurrencies to bypass financial cross-border controls.
Russian bank grants loan secured by cryptocurrency for the first time in Russia
Expobank became the first financial institution in Russia to grant an individual bank loan secured by cryptocurrency. The pledge was Waves tokens.
Opinion: statistics incorrectly display blocked funds in DeFi contracts
The amount of funds frozen in DeFi protocols is almost half what analytical portals claim. Incorrect counting occurs due to multiple accounting of the same investment.
Ethereum renews two-year high
ETH jumped in price by 10% within the last 24 hours, exceeding $400 per coin. The cryptocurrency is growing steadily over the past month amid upcoming updates and the explosive growth of the DeFi market.
Lifehack: at least 3% of retail invest portfolios should be in BTC
The CEO of BitGo recommended investing at least 3% in bitcoins. In his opinion, the state program for supporting small and medium-sized businesses in the United States will only aggravate the economic situation.
Russian financial watchdog to spend $10 million on cryptocurrency tracking system
Rosfinmonitoring proposed to create a system for analyzing cryptocurrency transactions using artificial intelligence. To create this system, the watchdog needs 760 million rubles.
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Investigation: crypto companies accused of fraud were able to receive payments from US budget
Several crypto companies involved in fraud cases initiated by the SEC have received support under the government's $660 billion Paycheck Protection Program. Experts note that participation in the assistance program does not provide for a thorough check.
