DeFi Losing Investor Interest?
Google Trends recorded a decline in the number of searches related to the decentralized finance market. This may indicate a tipping point in the DeFi life cycle.
Bitcoin approaches $12,000 again
Bitcoin was able to overcome the bearish pressure. The price of the cryptocurrency exceeded $11,000 and is approaching $12,000.
Central Bank of South Korea to launch digital currency pilot in 2021
The Bank of Korea will test the central bank-issued digital currency (CBDC) next year. South Korea is aiming to catch up with neighboring China in its digital currency journey.
John McAfee arrested in Spain and preparing for extradition to USA
On October 6, infamous crypto enthusiast and IT entrepreneur John McAfee was arrested in Spain. He is awaiting extradition to the United States.
Ethereum transaction fees plummet 85% due to slower DeFi growth
Over the past three weeks, transaction fees, their volumes and number on the Ethereum network dropped significantly. This may be due to a decrease in the activity of speculators in the DeFi market.
Deutsche Bank: Attempts to Implement Digital Currencies May Lead to Social Tensions
One of the largest banks in Germany published a report on the prospects and risks of digital currencies issued by central banks. According to the bank's experts, CBDC will reduce the level of privacy of payments and may lead to social unrest.
US Department of Justice opens criminal case against BitMEX
The US Attorney's Office opened a criminal case against the founders and heads of the BitMEX crypto exchange. The US Trading Futures Commission also accuses BitMEX of violating various AML and bank secrecy laws.
Chainalysis wins US IRS tender to hack Monero network
The IRS named the winners of the tender for a solution for tracking transactions in cryptocurrency networks with increased privacy. These are the Texas-based company Integra FEC and Chainalysis known for its collaboration with American government agencies.
Clover42: Detonating Prediction Market Track
Prediction Market has always been a tepid track in the DeFi world.
Research Shows Rapid Growth in Demand for Stablecoins
Since the beginning of 2020, the number of Tether addresses with a positive balance tripled, and the emission of all stablecoins taken together exceeded $20 billion.
Hackers stole $150 million in cryptocurrencies from KuCoin
On September 26, cybercriminals attacked KuCoin and managed to withdraw $150 million in cryptocurrencies from it. The exchange promised to reimburse damages from the company's fund.
OneCoin investors accuse BNY Mellon of complicity
Investors in the OneCoin Ponzi scheme, whose operations harm allegedly exceeds $4 billion, claim that the US-based bank BNY Mellon provided financial services to fraudsters.
Russia reportedly to introduce mandatory declaration of cryptocurrency
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.
Opinion: DeFi rush differs from ICO bubble
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.
Research: 40% of yield farmers are unable to assess risks of investments
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.
Bithumb reportedly put up for sale for $600 million
South Korean largest cryptocurrency exchange Bithumb is reportedly on sale again. The deal could be worth $600 million.
