Project Spotlight: Balancer Labs | Crypto Briefing

Key Takeaways Automated market makers (AMMs) have become popular as they reduce the expense of traditional orderbooks. Following after the popular DEX Uniswap, Balancer Labs offers multi-asset pools and lets anyone become a liquidity provider. The network enjoyed a quick boost following the launch of its BAL governance token. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Balancer Labs is one of the most talked-about DeFi projects in the space, and for good reason.  It ties up several key components from…

Top Copy Trader and Crypto Pundit on Their Market Predictions

There’s a palpable buzz in crypto markets right now. Copy trading is gaining momentum, as it allows investors to emulate the moves of experienced traders. We spoke to Jay Smith, a popular trader on the eToro platform who is otherwise known as Jaynemesis, as well as to Kevin Stanely, the host of the podcast CRYPTO 101. Here, they tell us more about how this feature works, share their predictions for Bitcoin and reveal which altcoins they believe are being badly overlooked right now. 1. Why would an established trader want someone…

Binance Security Report Sheds Light On Crypto Scams

A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of fraudulent investment schemes promising quick or exponential returns on cryptocurrency investments. The frauds do not just concern crypto but also forex, binary options and contracts for difference (CFDs). Binance published the report after a Bitcoin (BTC) scam targeted the residents of Winnipeg, Canada, in late June. Scams are often well-organized, big operations…

OKCoin Exec Says PayPal Will Boost Crypto Adoption, If Rumors True

Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption.  “When a traditional player like PayPal, who has 325 million users, enters the crypto space, it is sure to have a positive impact in highlighting cryptocurrencies to a big new audience,” Lau told Cointelegraph via email correspondence on June 24.  PayPal rumors and job listings surface Rumors hit the web…

XRP Tanks Compared To Crypto Counterparts Bitcoin And Ethereum, But Why?

XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and Ethereum. Why exactly is the altcoin commonly referred to as Ripple, so severely crippled and unable to gain positive momentum? XRP Underperformance Against Bitcoin and Ethereum Reaches New Extremes For two years running, XRP has been among the worst performers in the cryptocurrency space, alongside XLM. The previously third-ranked cryptocurrency reached an all-time high of over…

Crypto Mobile Apps Are on the Rise in India Following Supreme Court Decision

India’s crypto developers have begun to release new mobile apps, following a positive ruling by the nation’s Supreme Court with regard to blockchain technology. The Court’s decision reversed laws that previously prohibited banks from providing services to crypto traders and businesses. A growing interest in the Indian crypto market B21, a digital asset investment company, recently launched their own Blockchain investment portfolio app in light of these changes. They claimed that the Supreme Court of India’s announcement “has led to renewed interest in digital asset investing and a spike in…

PayPal Dabbling in Crypto Could Make BTC a Mainstream Payment Option

Earlier this month, global payments giant PayPal was rumored to be considering listing crypto assets on its platform, which is estimated to have around 325 million active accounts worldwide. The company is currently hiring crypto and blockchain specialists, meaning that its potential arrival could be more than a wild guess. But what does PayPal’s apparent interest in crypto mean for the industry, and how well does it align with the company’s principles? Two steps forward, one step back PayPal started to take baby steps toward crypto back in 2013. At…

Stefan Molyneux Gets $100K in Crypto Donations After YouTube Ban

Online supporters have donated nearly $100,000 in cryptocurrency to white supremacist and alt-right activist Stefan Molyneux following his removal from YouTube for “fomenting violence and hatred.” After Molyneux posted a video to his Twitter account on June 29 stating YouTube had banned him from the platform, he issued a request for donations in cryptocurrency through his website. The alt-right figure lists addresses for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Skycoin (SKY), Dogecoin (DOGE) and Monero (XMR). As of press time, his supporters have sent 433 BCH, dozens…

CoinGecko Adds Crypto Exchanges’ Cybersecurity Ratings to Trust Score

Cryptocurrency market data aggregator CoinGecko has updated its Trust Score algorithm to consider the cybersecurity standards of the more than 400 cryptocurrency exchanges listed on its platform. From July 1, 20% of CoinGecko’s Trust Score will be determined according to a cybersecurity rating provided by security technology company Hacken.  According to an announcement, the algorithm update will provide “a more holistic overview of cryptocurrency exchanges.” Speaking to Cointelegraph, CoinGecko co-founder and COO Bobby Ong stated that the firm has “wanted to work closely with a cybersecurity company to incorporate exchanges’…

Nvidia Files Motion to Dismiss $1B Class Action Over Crypto GPU Sales

Major manufacturer of graphics processing units (GPUs) and computing hardware Nvidia has filed a motion to dismiss a proposed class-action lawsuit alleging that the firm misrepresented more $1 billion in sales during 2017 and 2018. In addition to its popular ‘GeForce’ and ‘GTX’ products — favored by both gamers and crypto miners — Nvidia launched a GPU specifically designed for virtual currency mining dubbed ‘Crypto SKU’ in May 2017.  However, Nvidia reported only its Crypto SKU sales as having been made to cryptocurrency miners, and investors claim this misrepresented $1.126…