Ethereum DeFi’s Aave (LEND) Gains 5% Amid Crucial Technical Change

Leading decentralized finance (DeFi) coin LEND, the native token of the Aave protocol, is up 5% in the past 24 hours. Its performance comes as the prices of both Bitcoin and Ethereum have stagnated. LEND’s outperformance seems to stem from a crucial technical change to the Aave protocol and the cryptocurrency itself. This technical change should imbue LEND with more intrinsic value, which should in turn drive prices higher. The DeFi coin is down due to a marketwide correction that began at the start of this month. Even up 5%…

Estonian central bank to conduct digital currency research

The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure. According to a statement, Eesti Pank partnered with technology companies SW7 Group and Guardtime for the research project. It aims to see if a keyless signature infrastructure (KSI) blockchain solution can run its virtual currency program. Estonia already uses KSI blockchain technology for its e-government services. The bank’s project will also look into new payment solutions “that can be made possible by using electronic IDs and other Estonian…

DeFi tokens are oversold but revenue and TVL show traders expect a bounce

Over the last month the crypto market has seen a significant amount of volatility as a 6-month altcoin bull market abruptly came to an end with the most recent Bitcoin (BTC) price rejection at $12,000. At the same time, the DeFi sector saw an amazing run as the total value locked in DeFi platforms surged above $10 billion but at the time of writing the sector is in the midst of a mild correction. DeFi index daily, weekly, monthly gains. Source: Messari.io As reported by Cointelegrah, when Bitcoin (BTC) and…

Tron (TRX) Surges 10% Higher Amid Ongoing Pivot to DeFi

Tron (TRX) has surged 10% in the past 24 hours, defying a stagnation in the price of both Bitcoin and Ethereum around local lows. For context, BTC and ETH have both gained around 1% in the past day. TRX’s rally comes as the blockchain has been seeing an ongoing pivot to offer decentralized finance (DeFi) applications to its users. This has been a successful pivot thus far, with blockchain analytics companies noting a strong uptick in transaction volumes. Tron’s 10% performance on Saturday also comes shortly after a critical report…

The need for a dialogue between crypto businesses and regulators

This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply with SEC Rule 15c3-3 (the Customer Protection Rule) are free to trade digital asset securities.  With more than 50 million people around the world investing and trading in crypto in meaningful volumes, Goldman Sachs has recently appointed a new global head of digital assets, as did JPMorgan in February. Goldman’s move was…

KuCoin Crypto Exchange Alleges to Have Found Ethereum Hackers

Share this article The CEO of crypto exchange KuCoin today announced that they have found the suspects responsible for last month’s hack. Johnny Lyu said law enforcement are now involved and pursuing the case.  KuCoin Hackers Caught “After a thorough investigation, we have found the suspects of the [Sept. 26] #KuCoin Security Incident with substantial proof at hand,” tweeted Lyu.  The KuCoin CEO added that the police were involved in the pursuit. The “security incident” refers to the theft of between $150 million and $280 million in digital assets from…

A guide to setting up a crypto business in Switzerland

As the cryptocurrency world matures with more and more jurisdictions legalizing it and ensuring crypto becomes an industry standard, cryptocurrency receives a quality mark that proves that it can earn users’ trust. Over the next four years, the European Union will introduce new rules that will allow the introduction of blockchain technologies and crypto assets into the traditional financial sector.  For now, however, the need to obtain regulatory approval for financial activities remains the main obstacle to entering the market, which is also associated with a large waste of time…

KuCoin CEO claims hacking suspects identified

As the fallout from the hack on its platform continues, KuCoin said it has identified suspects and have now officially involved law enforcement in the investigation.  KuCoin CEO Johnny Lyu tweeted on Oct. 3 that the exchange now has substantial proof that identifies who hacked the service on Sept. 26.  A quick update since my last livestream on Sep 30. After a thorough investigation, we have found the suspects of the 9.26 #KuCoin Security Incident with substantial proof at hand. Law enforcement officials and police are officially involved to take…

Dash should not be considered a privacy coin, Dash team says

Once viewed as one of the crypto industry’s top privacy-focused assets, Dash (DASH) no longer operates under that classification, according to the Dash Core Group, the body overseeing the asset and its development.  When asked if Dash should remain under the category of a privacy asset, Fernando Gutierrez, CMO for the Dash Core Group, told Cointelegraph:  “No, Dash is a payments cryptocurrency, with a strong focus on usability, which includes speed, cost, ease of use, and user protection through optional privacy.” Dash launched as a fork of Bitcoin in 2014. Originally called…

Indictments issued for BitMEX senior team are a signal to all

On the morning of Oct. 1, the United States government authorities in New York issued indictments for four of the senior team of BitMEX, the famed “wild card” exchange based in Hong Kong. Despite that, the crypto exchange still continues to operate its services.  BitMEX is one of the world’s largest crypto exchanges and has a reputation for being notoriously “relaxed” on Know Your Customer and ID procedures for its users — at least until mid-August of this year. Additionally, users are allowed a high withdrawal limit with little to…