Just as Bitcoin was a spark for the cryptocurrency movement, it seems that Ethereum is likely to take a similar role in the history of DeFi.
The move to launch the cryptocurrency lending service will go a long way in bringing the much revered DeFi product to thousands of BitMax customers.
Besides ETN, FCA also banned other derivatives such as crypto futures, options, and CFDs for being ‘ill-suited for retail consumers’.
The RIF BTC-ETH bridge was developed by the RSK team and it serves as an interoperability bridge that locks the original token such as DAI on the Ethereum blockchain while minting an ERC777 ‘side token’ that can move freely on the RSK network.
The Coinbase Pro system glitch sparked fears of hack amongst the exchange’s users as it is seen from reactions to the updated announcement.
The financial investments giants have considered allocating their mutual fund holdings to cryptocurrency mining companies in the U.S., Canada, and other parts of the globe.
Jay Clayton said the SEC’s door is “wide open” to those who want to learn and understand how to “tokenize the ETF product in a way that adds efficiency.”
Regulators heat up the pressure on crypto after the two Iranian flagships reached the Venezuelan cost. It is assumed that the Venezuelan government paid the Iranian for the delivered gasoline in crypto.
Based on past Q4 figures, traders are expecting that a fall in the price of Bitcoin could cause further losses for the altcoin market.
With all the benefits and options available, Dfinance has high chances to become one of the leading platforms in DeFi by 2021.
XRP Ledger’s sustainable nature is expected to propel XRP transactions to escalate by nearly 1,000% by 2025, according to independent researchers’ predictions.
President Trump and the First Lady tested positive for COVID-19 a few days after the first presidential debate with Democratic presidential candidate, Joe Biden.
The CFTC and the DOJ have sought civil monetary penalties and permanent trading bans on BitMEX for violating several procedures like KYC, anti-money laundering, Bank Secretary Act, while offering crypto derivative services to its customers.
Bitcoin, the mother of cryptocurrencies, has laid a strong foundation for global leaders to follow in solving the hard society challenges.
Protecting customers from fraud and money laundering remains the utmost priority for the U.S. Financial Crimes Enforcement Network (FinCEN).