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“# Compound refused to compensate victims of unfair liquidation — Here’s why ” On Dec. 14, the majority of the Compound Finance governance community voted against a proposed compensation plan for users affected by the Dai (DAI) liquidations that occurred on Nov. 26. Figures from the Compound governance dashboard show 681,290 votes against with only…
“# Kraken announces Lightning Network integrations for 2021 ” Major United States-based cryptocurrency exchange Kraken has announced on Wednesday that it will integrate the Bitcoin Lightning Network in 2021. Kraken emphasized that the integration will drive significant improvements in speed and fees, claiming that Lightning allows Bitcoin (BTC) “to process millions of transactions per second.” Speaking to…
“# Japanese financial giant SBI acquires crypto trading firm B2C2 ” Japanese financial giant SBI has completed another cryptocurrency-related acquisition in a move to bring more adoption to the industry. SBI Financial Services, a subsidiary of SBI Holdings, has acquired a United Kingdom-based crypto trading firm B2C2. According to an official Dec. 16 announcement, SBI…
“# Why this Montana crypto miner refuses to pay a $3.7M power bill ” Project Spokane, a Montana-based mining firm that has been sued by tribal-owned electricity company Energy Keepers Inc. for $3.7 million in unpaid power bills, claims the debt is not its responsibility. On Dec. 14, Project Spokane requested that a Montana federal…
“# Malta’s ‘blockchain island’ strategy falters as banks refuse to play ball ” Malta’s Finance and Employment Minister, Clyde Caruana, has revealed that the nation’s plan to become a “blockchain island” is floundering due to the unwillingness of local banks to work with innovative firms. Speaking to local media outlet Lovin Malta, Caruana noted that…
“# Former JPMorgan exec joins Ripple’s board ” Sandie O’Connor, the former chief regulatory affairs officer at banking giant JPMorgan, is joining Ripple’s board of directors. According to a Ripple blog post published yesterday, O’Connor will “provide counsel on key government relations and regulatory initiatives” as part of her role on the board. O’Connor worked…
“# The Giving Block and Cointelegraph to host first ‘Crypto’s Biggest Brain’ trivia contest ” Want to flex your crypto brain power while supporting charities over the holiday season? The Giving Block and Cointelegraph will host the first Crypto’s Biggest Brain trivia tournament on Friday, December 18 at 7pm ET. The tournament brings together key…
“# CoinShares and BNC support new high-performance DeFi derivatives exchange ” Leverj, a non-custodial derivatives platform based on an Ethereum sidechain, announced on Tuesday their cooperation with leading industry participants to support the launch and marketing of its exchange. The exchange offers perpetual swaps for Bitcoin (BTC) and Ether (ETH), accepting both Tether (USDT) and…
“# Mt. Gox trustee files draft rehabilitation plan ” On Dec. 15, Mt. Gox’s trustee Nobuaki Kobayashi filed a draft rehabilitation plan to refund Mt. Gox users. According to an official announcement posted on Mt. Gox website, the Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed…
“# Italian Banca Generali to debut crypto services next year ” Major Italian private bank, Banca Generali, is planning to introduce cryptocurrency services in 2021. According to a Dec. 15 announcement, Banca Generali has entered a corporate and commercial partnership with Conio — a fintech company providing traditional financial institutions with solutions for managing digital assets…