Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns

The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the Securities and Exchange Board of India (SEBI), issued a notice regarding “unregulated products” Thursday. “It has come to the notice of SEBI that some registered investment advisers....

Even with Ethereum 2.0 underway, L2 scaling is still key to DeFi’s future

By incorporating scaling solutions, such as rollups and sidechains, Ethereum has the potential to implement the true vision of DeFi. The Ethereum network has come a long way over the last few years. Everything from the rise of decentralized finance (DeFi) to the recent London upgrade has made the network the most compelling attempt to instill a ‘world computer,’ but there’s still work to be done. For global adoption to be the backbone of Web 3.0, the network will need the benefits that the Eth 2.0 upgrade promises to offer. However, to scale for a new wave of decentralized applications....

Which blockchain is the most decentralized? Experts answer

Here’s what emerging tech representatives think about the decentralized nature of blockchain technology and which network is the most decentralized. Vasja Zupan of Matrix Exchange:Vasja is the president of Matrix Exchange, a regulated digital-asset exchange operating globally.“Bitcoin is the most decentralized and stable blockchain network there is. It has survived countless challenges, and decentralization ensures its resilience. Only a truly decentralized network can survive hindrances from block size wars and forks to regulatory pressure. While new anonymous networks are available....

This Bitcoin Meme Elon Musk Reposted Sold As An NFT For Almost $20k In WETH

Tech CEO Elon Musk is a well-known meme fan. In fact, some would call him a meme-lord. He even acknowledged it in his tweet from last summer. He has called them “modern art” and constantly reposts these memes on Twitter to his millions of followers. Although many people enjoy his memes, others do not because […]

Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Re...

Just a few days after reports emerged that it had refused to process a company registration application by Flint API limited, the Nigerian agency Corporate Affairs Commission (CAC) has now registered the blockchain start-up. The agency however blames an unnamed employee for the failure to process the application. The CAC’s About-turn According to a report, the agency’s reversal of its earlier decision followed an intervention by the CAC’s registrar-general Alhaji Garba Abubakar. As reported by Bitcoin.com News, the CAC’s refusal to register the start-up had....

Would you like fries with that? Fast-food chains are serving up NFTs

Fast-food restaurants across the globe are jumping on the NFT bandwagon with their own digital tokens. The past few months have seen an explosive uptake of nonfungible tokens (NFT) as crypto artists, gaming enthusiasts, musicians, celebrities and now fast food chains deploy the technology in various ways.Fast food giants such as McDonald’s, Burger King and Taco Bell are taking to NFTs because of their capacity to enable gamified promotions and distribution of their products and services. Here is a quick look at emerging NFT adoption in the fast-food sector. Taco BellTaco Bell is a popular....

ADALend Makes It on “the Essential Cardano List” by IOHK

Input-Output Hong Kong (IOHK) has listed ADALend on their :Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services. “The Essential Cardano List” gives an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation, and Emurgo resources, as well as community-generated materials and a list of current stake pools. ADALend’s inclusion in the list marks a milestone for the project and its plans to broadcast consumer awareness for....

Report: Leading South African Bank Sends Account Termination Notices to Crypt...

One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through the cryptocurrency industry. The sending of the notices has also raised questions about the criteria that Standard Bank is using when making a decision on which accounts must be terminated. For example, Carel de Villiers, the co-founder of an arbitrage trading firm Shiftly, is one individual quoted questioning....

ASSEMBLE Protocol Adoption Grows As Price Surged 200% After Coinbase Listing

ASSEMBLE Protocol’s native token ASM is now listed on the Coinbase platform. The exchange announced in a blog post that it had added support for deposit/withdrawal/trading ASM tokens on Coinbase Pro accounts. Coinbase had earlier announced that it had enabled cold storage and custody support for ASM tokens, a clear indicator that the crypto exchange […]

ASSEMBLE Protocol Rallies 200% Following Coinbase.com Listing

ASSEMBLE Protocol made its debut on the Coinbase Pro exchange on Wednesday 20th October 2021 according to the official disclosure made by Coinbase. ASSEMBLE Protocol’s token ASM was listed following massive demand from the community on the largest NASDAQ-listed U.S cryptocurrency exchange – Coinbase. The ASM token powers the Assemble Platform, which is purported at managing and spending integrated reward and loyalty points. Anticipation had been on the rise among holders ahead of the listing. With a user base of around 750,000, the project was primed for a big listing. ASM has also....

DAOs will be the future of online communities in five years

A decentralized autonomous organization provides power for users to create an online community with as little friction as possible. Online communities, those that share a common interest on the internet, can range from social networks, grassroots organizations and customer communities. We, as a society, are naturally communal, so it makes sense to engage in ideas and interests with others online. Whether we build relationships with people directly or indirectly, communities are built. However, how we do so differs.In 2006, web expert Jakob Nielsen proposed a 90-9-1 rule based on....

New Journey Begins: ViaBTC Capital to Be Unveiled

Five Years of Commitment to Empowering Blockchain Projects 2021 marks another milestone for ViaBTC Group. In August, it established a new brand – ViaBTC Capital, an investment platform integrating capital, resources, and post-investment services. From “developing blockchain products” to “empowering blockchain projects”, ViaBTC Group is constantly exploring new frontiers and taking on new missions. “Innovation For A Better Future” Brand Launch online, October 23 On October 23, 2021, ViaBTC Group will unveil ViaBTC Capital online on its official....

Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes

It could still go either way for bulls in the run-up to what could still turn out to be the highest weekly close on record. Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange Binance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC dices with $60,000BTC/USD is keeping traders nervous into Saturday, data from Cointelegraph Markets Pro and TradingView shows, deciding on the fate of $60,000 support.The level had proven the first major area of buyer interest overnight after old all-time highs at....

Texas Ethics Commission seeks pro-crypto rule for political contributions

If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency. The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing:“The new rule permits candidates, officeholders, and political committees to accept cryptocurrency. It does not distinguish between any types of cryptocurrencies, like Bitcoin.”If approved, cryptocurrency donations and contributions will need to be reported....

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan Measures Power Usage in Crypto Mining Sector, Estimates Deficit In an effort to explain why Kazakhstan is considering imposing restrictions on new cryptocurrency mining operations, the Ministry of Energy told local media that data....

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95 (or BEP-95), bears a striking resemblance to EIP-1559, an already implemented Ethereum proposal that also burns fees. Binance Smart Chain Could Burn Gas Fees Binance Smart Chain, the....

CoinMarketCap hack reportedly leaks 3.1 million user email addresses

3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned. CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly fallen victim to a hack that leaked 3.1 million user email addresses. The information came into light after the hacked email addresses were found to be traded and sold online on various hacking forums, and revealed by Have I Been Pwned, a website dedicated to tracking hacks and compromised online accounts. CoinMarketCap, a subsidiary of Binance cryptocurrency exchange,....

Australian Senators pushing for country to become the next crypto hub

The Australian Senate Committee delivered a report calling for a complete overhaul of crypto legislation and licensing in the country. Top-down governmental responses to innovation have always been questioned by entrepreneurs. Right now in crypto land as institutional investment flows steadily in and decentralized finance (DeFi) use cases and products have continued to flourish over the past 18 months, many crypto companies are begging for further regulatory clarity.The original Australian Senate Select Committee on FinTech and RegTech, chaired by Senator Andrew Bragg, was established in....

Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous...

After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes Robust Ecosystems However, in the same document, the central bank appears to downplay the implications of failing to launch as planned. Instead, the CBN attempts to highlight the importance of getting things right the first time and how this guarantees the digital....

Pakistan Government Not Against Crypto Investments, High Court Calls for Regu...

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments in Crypto Addressing members of the National Assembly this week, Pakistan’s Minister of State for Parliamentary Affairs, Ali Muhammad Khan, recognized cryptocurrency as a new concept. He then noted that....

COVID-19 Is Accelerating Asia’s Digital Future Of CBDCs And Bitcoin

A future powered by digital assets is assured as governments around the world look to technology for economic progress.Whether or not you’d believe inflation could reach World War II levels, it’s clear that the global economy post-COVID-19 looks uncertain. A chasm is growing between the developed and developing markets fueled by uneven vaccination rates and Gross Domestic Product growth. Central Bank Digital Currencies (CBDCs) are set to be a key factor that’ll accelerate the world economy fit for the digital age, ushering in a digitally-connected economy unlike anything we’ve seen....

Bitcoin price consolidation leans toward ‘another leg higher’

Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up. On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a "consolidation phase" as investors lock in profits following a non-stop run-up in price that began on Oct. 1 and saw BTC increase 55% in just three weeks. Data from Cointelegraph Markets Pro and TradingView shows that a wave of midday selling on Friday dropped the price of Bitcoin from support at $63,300 down to the $60,000 level. BTC/USDT 1-day chart. Source: TradingViewHere’s what market....

The Roads To Hyperbitcoinization

An examination of data that supports the increasingly discussed monetary replacement of the century — hyperbitcoinization.IntroductionThe widespread adoption of bitcoin is a topic that has raised immense expectations for change to monetary systems, governments, and society in general. Over the years, bitcoiners have fiercely defended their belief that bitcoin represents a superior form of money and expressed a large number of hypotheses about possible pathways to the broader adoption of bitcoin. Over the years, Bitcoiners have fiercely defended their belief that bitcoin represents a....

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equiv...

The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about bitcoin on numerous occasions and even more so these days as the crypto asset crossed its all-time price high. After the Proshares exchange-traded fund (ETF) launched on the New York Stock Exchange (NYSE), Pool asked his 897,700 Twitter followers if they thought bitcoin would hit $200K. Tim Pool ‘Feels Bad’ for People Dismissing Bitcoin Tim Pool is a well known person on various social media channels due to the work he’s done as a journalist, show host, and....

Reddit Wants To Build NFT Platform, A Job Posting Shows Why

Reddit seems to be working on building an NFT marketplace platform. A job posting made to look for new team members shows they envision and focus on creating “the largest creator economy on the internet”. Reddit made a job posting for a Senior Backend Engineer to build an NFT platform of their own. They are […]

Analyst Puts Bitcoin Bottom At $50,000, Here’s Why

With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has....

Why Ethereum Could Hit The $12,000 Mark Before The End Of This Cycle

Price prediction for assets like Ethereum is a tricky one. This is because there is no sure way of telling where the market might turn after a massive rally. Analysts have now turned to the charts to try to use technical analysis to tease out where they think the price of the asset could be […]

Is Rising Bitcoin Futures Open Interest Cause For Concern?

The aggregate bitcoin futures open interest rise is slightly below all-time levels.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Aggregate bitcoin futures open interest rise is slightly below all-time levels made at the local bitcoin market top in April. Is this cause for concern? While futures open-interest and leveraged bets favoring the long side have certainly increased over the recent weeks with....

Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF S...

On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above $25 and dropped to just over the $24 mark. Initial Market Performance of Valkyrie’s Bitcoin ETF Lackluster Compared to the First Bitcoin ETF Debut Valkyrie’s bitcoin futures ETF officially launched on Friday and reached a high of $25.60 per unit....

NFT studio Mojito completes $20M seed round with help from Sotheby's

Mojito previously helped develop Sotheby’s new digital NFT marketplace platform, Metaverse. NFT development studio Mojito announced Friday that they have raised $20M in seed funding from a number of investors, including internationally known auction house Sotheby's.According to an announcement published in Forbes, Sotheby’s auction house in partnership with Future Perfect Ventures, Creative Artists Agency and NEA’s Connect Ventures, contributed to the round at Mojito’s estimated value of $100 Million.The Delaware-based start-up indicated that it will use this new injection of capital to....

Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi

BTC is back at all-time highs, meaning it’s even easier for holders to capitalize on the lucrative yield opportunities DeFi offers to investors who are willing to stake their tokens. The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike. Despite the fact that the ETF in question will hold no actual Bitcoin and is instead a futures-based instrument, investors and pundits across the ecosystem have....

UFC Hall Of Famer Mike Bisping Teams Up With Blockasset For NFT Launch

UFC Hall of Fame inductee Mike Bisping is the latest premier athlete to hop into the NFT space. Bisping will pair up with Blockasset, an NFT marketplace looking to make a strong push in sport. The news comes early as a Bitcoinist exclusive, as Blockasset will announce Bisping’s collaboration over the upcoming weekend. UFC Meets […]

FED’s Powell Confirms Persisting Inflation, Could Tapering Stop Bitcoin’s Rally?

Bitcoin has dropped 3.8% in the 24-hour chart as the Chairman of the U.S. Federal Reserve Jerome Powell gave a speech on the current economic outlook. As of press time, the crypto market has negatively reacted to Powell’s statements as the intuition finally hints at a possible start of tapering. Related Reading | Can “Coin Days […]

Bybit Is Now Offering 3% Bonuses on Deposits

Traders who have yet to join cryptocurrency exchange, Bybit can now enjoy 3% bonuses on their first time deposits, capped at $3,000 per user. In addition, traders with combined trading volumes in both Spot and Derivatives of at least $100,000 will be automatically included in an exclusive lucky draw featuring a grand prize of 0.1 BTC. To be eligible to receive the bonuses, traders must first register for Bybit’s Deposit Blast-Off event here before Nov. 18, 2021, 10AM UTC. Once registered, traders must make a minimum deposit of $500 worth of....

Bitcoin Creates Digital Ownership For The First Time

Digital property rights bring the connection between the internet and the economy into modernity.Bitcoin Sovereignty: Part OneSo, you have taken the orange pill and are now going down the Bitcoin rabbit hole. You may be wondering what’s at the bottom? What is the core innovation of Bitcoin, from which all of wonderland is created? The answer may surprise you.Along your Bitcoin adventure, you will meet many fascinating characters. They will tell you Bitcoin is many things: digital gold, a store of value, digital scarcity, peer-to-peer cash, proof of work. But at the bottom of the rabbit....

Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targ...

The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million. Solana Takes the 6th Spot, Market Valuation Nears Cardano’s Market Cap On Friday, the crypto asset solana (SOL) has managed to take the sixth position in terms of the world’s largest crypto market valuations. At the time of writing....

Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

BTC and ETH reversed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls. Bitcoin (BTC) and Ether (ETH) have both witnessed aggressive profit-booking after hitting their respective new all-time high. This suggests that traders who had bought on rumors of a Bitcoin exchange-traded fund booked profits following the successful launch of the ProShares’ Bitcoin Strategy ETF (BITO).The bulls tried to stage a recovery in Bitcoin after the launch of the second BTC futures-linked ETF by digital asset manager Valkyrie on Oct. 22 but....

Reddit may be preparing to launch its own NFT platform

Other social media platforms including Twitter and Facebook have been working to support NFTs, if not create a competitor to major marketplaces. Social media platform Reddit appears to be hiring workers to support the design, build, and maintenance of a nonfungible token platform.According to a Greenhouse job posting, Reddit is looking for a senior backend engineer for a platform responsible for “millions of users to create, buy, sell and use NFT-backed digital goods.” The position requires at least five years of experience in backend development as well as the ability “to design and....

Walmart Hosts 200 Bitcoin ATMs: Easy-To-Use Options Diversify Users

Cash can now be exchanged for Bitcoin at Walmart, the retail store finds a way to join the cryptocurrency’s craze. The simple and recognizable form of an ATM might bring in many new users, such as the curious and insecure ones who felt like buying Bitcoin was too intimidating. Coinme, the crypto wallet firm, currently […]

Can “Coin Days Destroyed” Indicator Predict Bitcoin Tops?

Historical data of the “coin days destroyed” indicator versus the Bitcoin price may suggest the metric can help predict tops. The Bitcoin Coin Days Destroyed (CDD) Indicator As explained by an analyst in a CryptoQuant post, the coin days destroyed metric might be a reliable indicator for BTC tops. A “coin day” is defined as […]

Bitcoin Bullish Signal: Whales Are Building Their Positions On Derivatives

On-chain data shows whales are sending their Bitcoin from spot exchanges to derivatives, indicating that they are building up their positions. Bitcoin Whales Build Up Their Positions On Derivative Exchanges As pointed out by a CryptoQuant post, Bitcoin whales seem to be moving their crypto from spot exchanges to derivative exchanges. The relevant indicator here is the “all exchanges to derivative exchanges flow mean,” which shows the total amount of coins being transferred from spot exchanges to derivative exchanges. When the value of this metric shows continuous high values,....

Discussing The Revenge Of The Nodes

A conversation exploring topics from Aaron Segal's "The Revenge Of The Nodes", such as decentralization, declining fiat credit quality, and Bitcoin as pristine collateral.Watch This Episode on YouTubeWatch/Listen To This EpisodeBitcoinTVRumbleSpotifyAppleGoogleLibsynOvercast[00:00:08] CK: What is up everyone? Welcome to this amazing space. We're going to be talking with two legends, Aaron S and Greg Foss. Aaron, Row and has been discussing ideas around how our current market is primed for centralization, and how Bitcoin can be an opposing force to that.Before we get into the conversation,....

First Two Firms Roll Out Bitcoin Services Through NYDIG, Q2 Partnership

The partnership announced in June has begun bearing fruit as Five Star Bank and UNIFY add BTC purchasing capabilities.Five Star Bank and UNIFY Financial Credit Union will be the first firms to offer bitcoin services to their banking customers through NYDIG’s partnership with Q2.The institutional bitcoin broker NYDIG partnered with fintech Q2 in June.A few months later and the collaboration has started showing results.Five Star Bank and UNIFY Financial Credit Union can now enable their banking customers and members to buy, sell, and hold bitcoin. The announcement marks the first fruit of a....

Altcoins breakout even as Bitcoin price falls to $60,000

RUNE, OKB and MOVR pressed higher even as traders continue to pull profits from Ether and BTC. Today Bitcoin (BTC) price and Ether (ETH) price pulled back to lower support levels after an exciting week that saw BTC soar to a new all-time high after the successful launch of two exchange-traded funds. While much of the focus has been on BTC and Ether, multiple altcoins have racked up notable gains on as some traders appear be preparing for a possible altseason run. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and....

Empowering Blockchain Development, the New Crypto Mission of ViaBTC Capital

Recently, as the crypto market gradually rebounds, the expected latter half of the bull market has arrived. With a dazzling array of new projects, the rapid growth of the sector has attracted much attention. Many investors see great opportunities from the promising investment potential of the blockchain industry, with possible investment channels in DeFi, NFT, Metaverse, GameFi, etc. In the sunrise industry of blockchain, those who can make early plans will be able to seize the next opportunity and profit from its perks. Although there are plenty of crypto projects, many of them are....

Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Cu...

On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during the event. Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1....

Missed The Boat on SHIB And Safemoon? Don’t Miss Out On 4JNET

4JNET is a new project that presents investors with the opportunity to get massive returns. For many, missing boats on projects like SHIB and Safemoon has been a big regret. However, investors are presented with a fresh opportunity to realize the same kind of returns as 4JNET. The project is aimed at bringing about a monetary revolution that will in turn lead to financial inclusion. 4JNET puts early and late investors on a level playing field, affording every investor the chance to make massive profits from their investments. The encrypted token is structured in a way that rewards....

Analysts hold their $250K Bitcoin price target even as BTC falls below $60K

Crypto markets take a turn for the worse after hitting record highs earlier in the week, with Bitcoin down 6% near the $60,000 level. Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market's strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader eyes $56,000 minimum BTC buy-inData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as....

Polygon pays $2M bounty on bug which could have compromised $850M in user funds

The white hat hacker speculated that the bug might have been created from "using someone else’s code and not having a 100% understanding of what it does." White hat hacker Gerhard Wagner has earned $2 million after reporting a solution to a potentially costly “double-spend” bug on the Polygon network.In an Oct. 21 blog post from Immunefi, a security service that helps facilitate bug reports in decentralized finance projects, Polygon network’s Plasma Bridge was at risk of having $850 million removed by a knowledgeable hacker. According to the project, the vulnerability would have allowed....

Crosswise Multi-Chain Platform Set to Revolutionize the DEX Trading Experience

The blockchain and cryptocurrency industry is made up of multiple disparate projects and platforms that cannot efficiently interact with one another. Today, we have a blockchain world that is in disorder, fragmented, and difficult to scale and synchronize. During the internet era of the early 90s, the internet only went mainstream and boomed when it became affordable for anyone to build websites, apps, stores, and blogs. This is exactly what the blockchain and crypto industry needs at the moment. There have been quite a few projects seeking to turn this around, but it appears Crosswise is....