Monero Leader Accuses MobileCoin of Borrowing Code

Key Takeaways Riccardo Spagni of Monero has accused MobileCoin of using the former coin’s code without acknowledging its origins. Others have criticized MobileCoin for being overly centralized. The coin became more notable this week when Signal decided to adopt it as a means of payment. Share this article MobileCoin is facing criticism around the origin of its features, following accusations from a lead developer behind Monero. Did MobileCoin Borrow Code From Monero? MobileCoin combines Ring Confidential Transactions (RingCT) for privacy and Stellar consensus for fast block times. Josh Goldbard, the…

Ledger and Shopify Face Class Action Over Data Breach

Key Takeaways A lawsuit has been filed against hardware wallet provider Ledger and its e-commerce partner Shopify over a data breach. In 2020, rogue employees at Shopify exploited a database vulnerability in order to gain access to Ledger’s client list. The lawsuit alleges that Ledger failed to notify customers or admit to the full scope of the breach in a timely manner. Share this article Hardware wallet firm Ledger and its e-commerce partner Shopify have been hit by a class-action lawsuit over a 2020 data breach that leaked the personal…

Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO

Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021.  Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity on separate blockchain networks means that many crypto traders stick with CEXs for lower trading costs and the sense of security they offer.  While Bitcoin,…

Badger DAO integrates with institutional DeFi gateway Fireblocks

In a blog post today, decentralized finance (DeFi) protocol Badger DAO announced a forthcoming integration with Fireblocks, a digital asset storage, management, and DeFi on-ramp for institutional investors.  “We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable their 200+ institutional clients to securely hold Badger assets on their platform and put their Bitcoin to work through the Badger protocol,” reads the post. BadgerDAO founder Chris Spadafora said that the integration will help make Badger’s vaults and products more accessible to institutional investors, and not just the…

Robinhood’s crypto business explodes in the first quarter despite GameStop controversy

Robinhood, a popular trading app targeting millennials and other inexperienced investors, has become a major hub for cryptocurrencies, offering further evidence that digital assets are garnering mainstream appeal.  The company reported Thursday that 9.5 million users traded digital assets on its platform during the first quarter of 2021 – a six-fold increase from the previous quarter. Robinhood provides commission-free trading for several major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC) and Ethereum Classic (ETC). It provides real-time market data for nearly…

NYDIG raises $100 million and launches ‘Bitcoin-powered’ insurance initiative

New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin. In an announcement today, the New York Digital Investment Group, or NYDG, said it had secured $100 million in funding from major insurance providers including Starr Insurance, Liberty Mutual Insurance, and others in addition to its existing strategic partners, New York Life and MassMutual. A provider of Bitcoin-related technology and investment services, NYDIG also said it would be launching “Bitcoin-powered solutions for U.S.-based life…

How will SORA’s Price Perform After the Launch of Polkaswap?

In a recent investment thesis on the coin Sora (XOR), the Cointelegraph Research team explored the current state of the DeFi industry, highlighting the biggest challenges that the industry is facing right now. The two largest problems are scalability and the segregation of multiple blockchains that exist independently and cannot share information between one another. The Polkadot project tries to solve both these bottlenecks by offering cross-blockchain transfers of any type of asset. They also provide transactional scalability by spreading transactions and validation across multiple parallel blockchains. Download the full…

Real Estate Giant Caruso Will Accept and Buy Bitcoin

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Bitcoin, Ethereum, and XRP Are Primed for Higher Highs

Key Takeaways Bitcoin prices could fall and complete the right shoulder of an inverse head-and-shoulders pattern, then rise above $67,450. Ethereum must regain $2,050 as support before its market value to advance to a new all-time high of $2,500. After an explosive breakout, XRP prices may also rise further. Share this article A spike in profit-taking seems to have pushed Bitcoin, Ethereum, and XRP into a consolidation period. Still, these digital assets are expected to resume their respective uptrend soon.  Bitcoin Consolidates Before Higher Highs Bitcoin has been dormant after…

Alliance of major firms aims to reduce crypto’s carbon footprint

A group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency. In an announcement today, the Crypto Climate Accord — reportedly inspired by the 195-signatory Paris Climate Agreement — said it aims to address the “large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.” Launched by nonprofits Energy Web Foundation, the Rocky Mountain Institute, and the Alliance for Innovative Regulation, the group’s partners include high-profile firms in…