Cryptocurrency Analysis and News Portal
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Bad news for EvergrandeEven after all the regulatory crackdowns, China isn’t letting 2021 slip away without a few more
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Crypto payment firm Bitpay has added support for the meme cryptocurrency shiba inu. Following Bitpay’s announcement, retail giant Newegg announced that it too has begun accepting SHIB for payments. AMC Theatres is also expected to begin accepting SHIB soon. Meanwhile, a petition for the popular trading platform Robinhood to list
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“Genies and UMG together are bringing the power of NFTs and crypto to culture,” Genies CEO Akash Nigam said in a press release. “UMG’s roster of talent represents some of the world’s most entrepreneurial pioneers, and by equipping these iconic artists with their own Genie avatars, we’re excited to help
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An Amazon Web Service (AWS) outage on Dec. 7 forced the decentralized exchange dYdX to halt operations, raising questions over the reliance on centralized services by DeFi protocols. AWS is one of the most widely used cloud services in the world and a considerable amount of decentralized infrastructure uses it. AWS
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Solana’s blockchain performance was reportedly hit by a distributed denial-of-service (DDoS) attack over the past 24 hours. However, the network appears to have remained online throughout.A DDoS attack generally refers to a large number of coordinated devices, or a botnet, overwhelming a network with fake traffic to take it offline.
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Those tensions were on display midday after validators, peeved by slowdowns to Solana’s claimed Nasdaq-like speed, joined an impromptu roundtable. The problem was simple: a network that usually processes over 2,000 transactions per second was stumbling along at speeds below 500. (Ethereum processes around 15 per second.) Source
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“The long-term bull case remains for bitcoin, but everything in the short-term seems bearish,” Edward Moya, senior market analyst at Oanda, said in an email. “Bitcoin will need to overcome growing expectations for a stronger dollar, an extended altcoin season and short-term bearishness for risk assets as Omicron derails reopening
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Cardano has marked the launch of its first-ever ERC-20 converter. The project which had been in the works had finally reached its launch milestone with help from IOG, the developer behind Cardano. With the converter, the network will be able to support the migration of ERC-20 tokens from Ethereum to
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A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation CFTC Commissioner Dawn Stump has raised concerns regarding the approach her
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Jeremy Allaire, a technologist who has long seen the disruptive potential of the internet, founded Circle in 2013 with the aim of bringing bitcoin to the masses. The company has evolved over the years, counting its fair share of losses, but has indisputably played a defining role in the cryptocurrency
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