Altcoin Roundup: DEXs come to the rescue after China bans crypto
China’s wide-spanning crypto ban puts a hefty dent in token values, but the surge in DEX volumes and BTC’s pop above $55,000 suggest the move was a blessing in disguise. Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins and decentralized finance (DeFi)....
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With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Earlier in the year, China had embarked on what is considered the biggest crypto crackdown to date. The country has had a tumultuous relationship with the crypto space in the past, announcing various bans. But the severity of its last crackdown had led to the exit of miners out of what was said to be […]
As the world prepares to say goodbye to another year and Bitcoin nears its sixth birthday, we look back at one of the more memorable and eventful year of Bitcoin's history. A year in which Bitcoin began to mature and, just like a six year old child going to school for the first time, left his home to meet the world and learn how to deal with hostile strangers, authoritative teacher regulators and make many, many new friends. 2014 is the year when Bitcoin was thrown into the sea to sink or swim and was tested to its limits to only come back stronger than ever before. The shark of MT Gox and....
This year China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun.
Ethereum stakeholders are set to secure their future and prevent a repeat of the June 17 attack as they are bound to decide on a DAO rescue fix. On Tuesday June 21, Ethereum announced the release of DAO Rescue HotFix 1.2.8, with the critical Ethereum soft-fork update aimed to rescue the stolen DAO funds. The proposed solution of this release is to freeze all transactions trying to move any funds from The DAO or the child DAOs. However, the rescue fix is still for the miners to decide on. Miners have limited power. Speaking to Cointelegraph, Christopher Franko, President of Borderless....