Monday, September 28, 2020
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Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge

Fintech giant Plaid has quietly added support for two DeFi applications, the IRS wants to know about your crypto holdings and data shows the total value of stablecoins has surpassed the $20 billion milestone. Plaid <3 DeFiVisa-owned fintech company Plaid, which connects traditional bank accounts to thousands of digital platforms has quietly

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Blockchain Bites: MakerDAO’s Do or Dai Moment, Bitcoin in Africa, Dollar Trends Up

MakerDAO has voted not to compensate victims of the “Black Thursday” flash crash, a former Pantera partner is launching a new crypto-focused hedge fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.Top shelfDecentralized governanceMakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left

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Blockchain Bites: BTC on Ethereum, DeFi’s Latest Stablecoin, the Currency Cold Wars

DeFi Pulse fixed a bug that led to a substantial misreporting of total value in decentralized finance protocols, former acting White House chief of staff Mick Mulvaney joined the Chamber of Digital Commerce and there’s a new stablecoin that functions like a savings account. Top shelfFresh capitalCrypto projects are raising funds as

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Blockchain Bites: OCC’s Stablecoin Guidance, EU’s Digital Euro Plans, Chamath’s Bitcoin

The OCC published guidance clarifying that federally-regulated banks can work with stablecoin issuers, the ECB thinks stablecoin is a “misleading” term and a group of banking veterans has spun up a new crypto fund.  Top shelfBitcoin fundsBanking veterans who have steered divisions at HSBC, Barclays, Citigroup and Merrill Lynch in the

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Blockchain Bites: DeFi’s Dividend, China’s ‘New Battlefield,’ the Big Banks’ ‘Suspicious Activity’

China sees its digital yuan as a “new battlefield,” DeFi’s Curve has a new dividend program and a yet-to-launch platform is pursuing an “Initial DEX Offering.” Top shelf‘New battlefield’China’s central bank gave an inside look into its motivations for developing a digital currency (CBDC) for retail and governmental use. In a commentary published by

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Blockchain Bites: Airdrops, Record Volumes, $1B BTC on Ethereum

There is now more than $1 billion worth of bitcoin on Ethereum, record-setting transaction volume is boosting Ethereum miners’ revenue and VeChain joins China’s food safety watchdog to build track and trace capabilities.  Top shelfToken reflectionsUniswap’s decision to airdrop its new governance token was less about competing with its genetic clone SushiSwap, and

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Blockchain Bites: MicroStrategy’s BTC Buy, Bitmain’s Power Struggle, Paxful’s Goodbye

MicroStrategy has put even more of its treasury into bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution.  Top shelfBitcoin buyMicroStrategy, a business intelligence company, told the U.S. Securities and Exchange Commission on Monday it “may increase” its BTC holdings beyond the $250

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Blockchain Bites: Big Bitcoin Bets, SushiSwap Drops, bZx Attacked

Hackers hit DeFi protocol bZx again, derivatives traders have placed bets bitcoin will hit $30,000 by year’s end and the latest twist in the SushiSwap saga. Top shelfHacked againDecentralized finance (DeFi) protocol bZx is the victim of yet another hack – this time costing nearly $8 million. On Sunday, an unnamed attacker apparently tricked

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