Day: May 10, 2021

People seem to have forgotten that Dogecoin fans have always been lit

admin

Dogecoin fanfare has exploded during the first half of 2021, often in tandem with Elon Musk’s tweets mentioning the asset. The coin has seen notable hype, evidenced by its significant upward price surge in 2021, although this is hardly the first bout of excitement over Dogecoin (DOGE).  At the beginning of 2014, a video surfaced titled “Dogecoin-Powered Airport Invasion Party! (2013),” posted on a YouTube channel by the name of Gary Lachance. “Tom and Gary’s Decentralized Dance Party recently invaded Vancouver International Airport, sharing the madness of the DDP with hundreds…

NFL quarterback Tom Brady hints at owning Bitcoin

admin

Tampa Bay Buccaneers quarterback Tom Brady, arguably one of the most talented American football players of all time, has hinted that he’s a Bitcoiner. On Monday, Brady changed his Twitter profile picture to one with laser eyes, potentially implying to his 1.9 million followers that he is invested in Bitcoin (BTC). The football star made the change less than a day after Blockworks co-founder Jason Yanowitz challenged him to do so and provided the updated picture. The crypto asset’s price was seemingly unaffected by the NFL player’s pseudo-announcement. At the…

South Korea’s banking association alarmed by altcoin trading mania

admin

The Korea Federation of Banks has raised alarm over the increase in altcoin trading volumes across crypto exchanges in the country. According to a report by The Korea Herald on Monday, the banking association has asked member banks to conduct an audit on the altcoins being offered by their crypto exchange clients. The KFB is reportedly concerned about the potential risks of banks providing account services to exchanges overexposed to altcoins. An official of the banking association quoted by The Korea Herald explained: “One of the criteria that we recommend…

Babel Finance raises $40M to expand crypto offerings

admin

The Series A investment round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann and Tiger Global Management, the company announced Monday. Venture capital and private equity funds from North America, Asia and Europe participated in the raise. Flex Yang, the CEO of Babel Finance, said the investment round will aid his company in meeting growing institutional demand for crypto assets: “The alliance with our new investors from traditional finance is a critical step for us to offer more innovative products, strengthen compliance controls, and…

After $11M Hack, Rari Capital Team to Reimburse Lost Funds

admin

Key Takeaways The hack used a price manipulation attack to trick Rari Capital’s smart contract into misjudging the price of Alpha’s ibETH token. The team has been working with other Ethereum developers to fix the vulnerabilities and has been actively answering community questions. During a community call, Rari’s team announced they were foregoing their token allocation to reimburse users who lost funds in this attack. Share this article Following the $11 million hack over the weekend, Rari’s native token crashed from $18 to $10. The team behind the protocol has,…

Bitcoin bull run won’t end ‘any time soon’ as whale buying hints at new $52K floor

admin

As Ether (ETH) passed $4,000 and multiple altcoins saw their own all-time highs on Monday, data shows that there is still more buying appetite to come. Traders prepare to sink funds into crypto A trading frenzy is gripping altcoins, while Bitcoin (BTC) continues to consolidate, showing signs that it is ready to tackle $60,000 resistance. While some alts, notably Dogecoin (DOGE), have cooled since last week, traders are far from exhausted and are ready for more. This is aptly demonstrated, analyst Lex Moskovski said, by the number of stablecoins entering exchanges.…

UBS Exploring Bitcoin Offerings for Wealthy Clients: Report

admin

Share this article A Bloomberg report suggests that UBS may soon offer its wealthier clients exposure to digital assets.  UBS Exploring Crypto Offerings UBS, the Swiss banking giant with $3.5 trillion in assets under management, is planning to offer crypto products to rich clients, Bloomberg reported Monday.  The report indicates that the firm is looking into alternative ways to offer exposure to digital assets. An unnamed source said that any crypto investment would represent a small allocation of a portfolio to hedge against price volatility and that they may include…

Alpha Finance Turns to Chainlink, Band for Oracle Solutions

admin

Key Takeaways Alpha Finance is launching an oracle aggregator. It will initially use data from Band Protocol and Chainlink. The Alpha Finance team said that the update would make their DeFi products more secure and reliable. Launched in Oct. 2020, Alpha Finance has quickly become one of DeFi’s leading projects. Its Alpha Homora product contains over $1 billion in total value locked on Ethereum. Share this article DeFi Staple Alpha Finance is bringing together price feeds from multiple sources.  Alpha Finance Merges Price Feeds Alpha Finance is launching the Alpha…

Alipay set to allow users test China’s digital yuan

admin

Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem. According to a report by China Securities Journal on Monday, this new feature is a result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols. The news further cements Ant Group’s participation in China’s central bank digital currency project. Indeed, the conglomerate owns a majority stake in MYbank — one of the largest internet-only banks in the country. In a…