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“# Crypto app Valora raises $20M, becomes independent from Celo ” Celo-powered crypto wallet Valora has closed on a $20 million funding round, as the company announced it will become a standalone entity. In a Tuesday announcement, Valora said Andreessen Horowitz, Polychain Capital, SV Angel, Nima Capital, NFX, Valor Capital, and others had invested $20…
“# Here’s why DinoSwap’s (DINO) TVL rose above $330M a week after launch ” Decentralized finance (DeFi) remains one of the fastest-growing subsectors of the cryptocurrency ecosystem and newly launched platforms looking to grow their userbase and attract liquidity typically offer high-interest staking pools for the first few weeks after launching. One new project that has…
“# October 2020 Déjà vu? Bitcoin pullback at $38K has traders at odds over next move ” The wider cryptocurrency market entered a period of consolidation on July 27 following Bitcoin’s (BTC) brief spike above $40,000 the day before that helped ignite a rally across the market and brought a renewed sense of optimism to…
“# Robinhood introduces feature aimed at protecting investors from crypto volatility ” Stock and cryptocurrency trading app Robinhood is reportedly exploring a way for users to be better protected from volatile crypto prices. According to a Tuesday Bloomberg report, the trading app is working on a feature called “price volatility protection,” which would modify certain…
“# Blockchain tech is holding NFTs back because of these three design flaws ” Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places. Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime…
“# Pennsylvania legislature mulls crypto task force bill ” A bill to establish a crypto task force in Pennsylvania has been introduced in the state’s General Assembly. According to the details of HB1724 published by LegiScan, the proposed crypto task force will be mandated to examine the potential impact of widespread crypto and digital currency…
“# Newly found Monero bug may impact transaction privacy, developers warn ” Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users’ transaction privacy. On Monday, the official Monero Twitter account warned users of a “rather significant bug” that has been spotted in Monero’s decoy selection algorithm, a system designed…
“# Crypto derivatives exchange Bitget to list USDC as collateral for margin trading ” Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC) as collateral for trading crypto derivatives. The development comes courtesy of a strategic collaboration between the Singaporean crypto derivatives trading service and USDC stablecoin…
“# Bitmart seeks restraining order to prevent hackers from selling fake BSV ” The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using fraudulent Bitcoin SV (BSV) on its platform. According to a July 26 report, GBM Global Holdings, Bitmart’s owner, filed…
“# Huobi winds down former exchange operator in China ” Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records. The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late 2013 and is 70.52% owned by Li Lin, the…