Gravity DEX brings DeFi into Cosmos network’s orbit
Cosmos’s DeFi capital pulling power is set to get stronger as Gravity DEX launches, with Gravity Bridge and the Emeris DeFi portal on the way.
-
-
TikTok bans crypto promotions amid concerns over targeting of young users
Ban on branded content covers range of financial services and ‘get-rich-quick’ schemes boosted by influencers with young followings.
-
Diamond sets record for most expensive object bought with crypto
A 101.38-carat diamond sold at auction in Hong Kong has become the most physical object ever to have been purchased using cryptocurrency, Bloomberg reports. Fast facts The HK$95.1 million (US$12.3 million) sale price nevertheless fell short of the expected US$15 million price, auctioneer Sotheby’s said. A spokesperson for Sotheby’s told Forkast.News it was unable to…
-
CoinDCX introduces ETH-backed Liqueth token for Ethereum 2.0 staking
India-based cryptocurrency exchange CoinDCX has announced the launch of its new Liqueth (LQTH) token, which will enable users to stake Ether — the native cryptocurrency of the Ethereum blockchain. Fast facts Users will be able to stake ETH on Ethereum 2.0 from a minimum 0.1 ETH. LQTH, an ERC-20 token, will be generated and transferred…
-
Ripple seeks to force ex-SEC director to testify on XRP next week
Despite opposition from the U.S. Securities and Exchange Commission, Ripple is pushing ahead with plans to question former SEC director William Hinman, the former head of the regulator’s Division of Corporation Finance, telling the judge overseeing discovery in the SEC v. Ripple Labs lawsuit that Hinman’s deposition has been rescheduled to July 19, according to a…
-
Secret Ukraine crypto farm shut down amid suspected power theft
Cryptocurrency miners blamed for blackouts as government eyes excess electricity for mooted state crypto mining operation.
-
China closes high-profile blockchain center, citing ‘registration’ issues
Closure of center comes despite — or perhaps because of — professional pedigree of crypto exchange founder board members.
-
Cardano overtakes Bitcoin as most-held crypto on eToro trading platform
Cardano leapfrogged Bitcoin as the most held cryptocurrency on social trading platform eToro in the second quarter of 2021, the platform reported this week. Fast facts Bitcoin, which led the cryptocurrency bull run at the start of the year, saw a 42% increase in demand, but slipped from first to second place behind Cardano. Cardano…
-
Elizabeth Warren warns over crypto risks, presses SEC on regulation
U.S. Senator Elizabeth Warren has written to Securities and Exchange Commission Chair Gary Gensler enquiring about the SEC’s authority to regulate cryptocurrencies and asking what future congressional regulatory action is needed, according to a Reuters report. Fast facts Requesting a reply by July 28, Warren, who heads the Senate Banking Committee’s Subcommittee on Economic Policy,…
-
Crypto prices continue to fall: Is the market ailing from the Covid Delta variant?
The price of Bitcoin and other cryptocurrency continue to slide as global failure to contain the Covid Delta variant lead to worries of another economic downturn.