Latest Blockchain News

FTX not planning to acquire Robinhood, CEO says
4 hours ago

FTX CEO Sam Bankman-Fried (SBF) refuted rumors that the crypto exchange was planning to acquire the trading platform, Robinhood. This is after Bloomberg News reported yesterday that FTX was in talks to buy Robinhood. However, the FTX CEO today issued an emailed statement saying: “We are excited about Robinhood’s business prospects and potential ways we […]

Blockchain News

Shima Capital Leads $6M Seed Round For NFT-Based Metaverse Game MECH.COM
1 hours ago

Shima Capital is expected to spearhead the closing of Mech.com’s seed round of funding. Polygon, Big Brain, Anti Fund, Cryptology, Master Ventures, BreederDAO, MetaVest, Andromeda VC, Pulse Ventures, and Gumi Ventures will also participate. Players can earn the in-game currency ore and, later, the tradeable cryptocurrency $FORGE token in the match-3 game that is currently […]

Wormhole Announces Plans to Support Terra 2.0
1 hours ago

Wormhole has announced it will support Terra 2.0 by adding Terra V2 to its network. It will enable developers to send xAssets to chains supported by the network. Plus, developers could also leverage the cross-chain messaging protocol of Wormhole to create xApps. The community of Terra 2.0 includes analytics, decentralized exchange, wallets, non-fungible tokens, and …

Midas.Investments: Offering the Best of Both Worlds Through CeDeFi Application
2 hours ago
In a world where the traditionalists and innovators have locked horns to prove that their side of the financial investment systems is best, the public is aware of the tug-of-war occurring between DeFi (Decentralized Finance) and CeFi (Centralized Finance) platforms. Midas.Investments one-ups the competition by offering a fusion of both: CeDeFi. The Hybrid Approach With cryptocurrencies taking the stage in the financial and economic arena, the crypto revolution has outgrown its confines of being known only to dedicated crypto enthusiasts. Today, digital assets have gone mainstream, including a handful of countries now recognizing Bitcoin as legal tender. As institutions and investors are now tapping into the DeFi sector in the search for premium yields, investors can find it daunting. While robust security, KYC/AML requirements, and human interaction are cornerstones of CeFi platforms, these features are absent in the trustless and automated foundations of DeFi.  Understandably, the lack of CeFi cornerstones in the DeFi space keeps many investors on the sidelines with respect to DeFi. Midas.Investments has identified this gap as an opportunity to develop a hybrid approach that offers the same level of comfort and security of CeFi platforms while enabling investors to earn higher yields typically found in DeFi. Multifaceted Investment Approach Midas.Investments offers yields to investors through three different trading strategies. Each strategy taps into the high-yield options available in DeFi but makes them easily accessible within a CeFi structure. Fixed Yield Strategy: Providing industry-leading returns on investments, the Fixed Yield strategy allows for investors to earn the highest yield generating options in the crypto CeFi world. Staking  returns are fixed on a day-to-day basis and may periodically adjust to market conditions. Yield Automated Portfolio (YAP): Similar to ETFs in traditional finance, YAPs consist of a basket of cryptocurrencies, the basket of which is rebalanced monthly to optimize returns to investors. Investors have the option of the Stable YAP (equally weighted across BTC, ETH, USDC, and MIDAS) or the DeFi Yap, a collection of eight crypto assets built for the DeFi space.  Complex DeFi Strategy: An innovative strategy, the likes of which have not been seen in the CeFi or DeFi worlds, the Complex DeFi Strategy provides investors with various investment options into other assets and tokens carrying medium-to-high risk while also providing for greater potential returns. Security and Midas’ Hedged Approach to DeFi While Midas.Investments works to provide the best of DeFi in a CeFi manner, security will always remain #1 priority. Not only is Midas focused on the technical aspects of protecting investors’ assets, but we’re also committed to preserving the value of investors’ assets.  Midas.Investments is fully integrated with Fireblocks, the world’s premier digital asset custodian for crypto custody and transfer. Fireblocks also connects with the Yield Automated Portfolio so that when YAPs are rebalanced, users’ assets are always safe. Midas also employs diverse DeFi yield generation protocols for investment protection. Utilizing several tools to provide liquidity and participate in various DeFi strategies, Midas is able to hedge against high market volatility, allowing Midas to preserve investors’ wealth. Expanding Management and Investment Team Midas.Investments includes a rapidly-expanding team of qualified professionals from the both CeFi and DeFi sectors. Expertise in both fields allows the investment team to formulate sound and reasonable decisions for the platform’s investors. The most recent addition includes the former CEO of a mainstream IT company who brings with him 15 years of management experience. Another notable hire includes a former CeFi asset manager with a history of high performance, including the management of $2 billion in assets. Beyond these additions, Midas continues to expand its investment team with professional DeFi analysts. With a sound team and clear vision of CeDeFi strategy, Midas.Investments brings the best of both worlds to the mainstream investor.  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Reviews and LongReads

BNB Close to Its Immediate Resistance; Will It Cross $260?
1 hours ago

In 2019, Binance launched the Binance Chain, and in 2020 launched the Binance Smart Check. Later, BNB became the native cryptocurrency coin of both blockchains. Until recently, BNB’s official name was Binance Coin, but in February this year, it rebranded to BNB, which stands for build and build. The Binance Chain and Binance Smart Chain …

Tether CTO responds to reports of hedge funds shorting USDT
1 hours ago

Tether CTO Paolo Ardoino has responded to reports of hedge funds shorting its USDT stablecoin. A “short” is a bet against the value of an asset. In contrast, a “long” position is a bet that an asset will appreciate in value. On Monday, the Wall Street Journal reported that various traditional hedge funds had open... Read more » The post Tether CTO responds to reports of hedge funds shorting USDT appeared first on The Block.

Security and Scams

Harmony Hacker Declines $1M Whitehat Offer, Begins Laundering Stolen Funds
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1 hours ago

The hacker behind the Horizon attack has seemingly declined the protocol's offer by starting to launder the funds through TornadoCash.

Harmony hacker sends stolen funds to Tornado Cash mixer
11 hours ago

The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge.

China’s BSN Founder Not Fan of Bitcoin, Calls Crypto a Ponzi Scheme
13 hours ago

Blockchain-based Service Network (BSN) founder has some harsh words for the cryptocurrency industry.

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Nexo on Sunday dismissed recent allegations of fraud against the crypto lender, calling them “fake news.” The firm also issued a “Cease and Desist” notice on its website. Nexo’s response was directed at Twitter user @otteroooo, who over the weekend made allegations of fraud against Nexo and its founders. Otteroooo alleged that Nexo’s founders had The post Crypto Lender Nexo Denies Fraud, Issues Cease And Desist Notice appeared first on CoinGape.

Anonymous vows to bring Do Kwon’s ‘crimes’ to light
10 hours ago

“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel.

Harmony offers $1M bounty, but is it big enough?
10 hours ago

The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back.

Regulations Crypto

Last-ditch attempt by Celsius investors to save the company from bankruptcy
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2 hours ago

Lawyers hired by crypto lending platform Celsius are advising the company to declare bankruptcy. However, executives in Celsius would prefer to avoid a long-winded Chapter 11 process, and Celsius investors are needed to show their support for this. Celsius is teetering on the brink, and it may well be that the Wall Street lawyers, hired for their advice by the company, will be able to talk the company into filing for Chapter 11 bankruptcy proceedings. However, according to an article on Monday by The Block, executives of Celsius are resisting the advice of the lawyers it hired, and their preferred option is to buy more time in order to attempt to resolve the liquidity issues that forced their hand in the first place. If the company is able to do this with some success, then far more of the investor wealth that is stuck on the platform can be slowly released back to them, leading to a much better outcome for investors. Crypto Daily reported on just such a recovery plan put forward by Simon Dixon and Bank to the Future. According to Dixon, it’s all about getting as much value back to investors as possible. He recently tweeted the following, replying to The Block article: On the subject of investors playing their part, The Block reported that “people with knowledge of the situation” are urging investors to show their support for avoiding the bankruptcy option by selecting “HODL mode” from within the Celsius app. Celsius as a company is legally bound not to recommend or suggest anything to its investors, so its hands are tied to this end. However, if many investors suddenly select the HODL mode function in their Celsius app, then it would send a message to those concerned with trying to shut the company down, that this is not the will of the investors and would display their strength of feeling on the matter. If the bankruptcy does go ahead, then Celsius assets will be sold into the market to fetch whatever they can get, and its investors will have to join the queue of creditors and probably have an extremely long wait before getting anything back from their investments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Not the best week for crypto lending: Law Decoded, June 20-27
3 hours ago

The Celsium failure continues to draw attention to the lending issues from regulators and community.

Bitcoin Is Venice: Fiat Delenda Est
4 hours ago

We hope that one day, Bitcoin will go unnoticed as a second Renaissance flourishes all around us.

Bybit Reveals Plans To Expand To Argentina: Report
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16 hours ago

Leading Dubai-based crypto exchange, Bybit is getting set to launch its services in Argentina, according to a report by CriptoNoticias, due to the rising adoption of cryptocurrencies in the Latin American country. “Taking into account the level of penetration and the rapid growth in the adoption of cryptocurrencies in Argentina, Bybit has made this decision, […]

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Ripple chief Brad Garlinghouse reportedly says that the firm will leave the country if the...

SEC Chairman is Only Willing to Call Bitcoin a Commodity
18 hours ago

Bitcoin is clearly a commodity to Chairman Gensler, but he refuses to comment on any other token.

Wall Street Giant Goldman Sachs Raising $2,000,000,000 To Buy Distressed Celsius Assets: Report
18 hours ago

Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from...

Press Crypto

Ethereum’s Merge to Reduce Demand for GPUs, says Morgan Stanley
3 hours ago

CoinFLeX will issue recovery tokens to help fund customers’ withdrawals. The exchange had run into trouble after one individual’s accounts went into negative equity, resulting in the halting of withdrawals. It will issue $47 million worth of the Recovery Value USD (rvUSD) tokens. Futures crypto exchange CoinFLEX will issue recovery...

Can Government Regulation Incentivize Bitcoin Mining With Renewable Energy?
6 hours ago

The Responsible Financial Innovation Act offers clarity around Bitcoin-related terms and could incentivize bitcoin mining with renewable energy.

Mining Crypto

Canada’s Largest Bitcoin Mining Firms To Offload Holdings
14 hours ago

Mining firms are ramping up sales of their Bitcoin holdings as the first cryptocurrency exhibits excessive market volatility. According to the press release, Bitfarms, a global Bitcoin self-mining firm based in Canada, is now “adjusting its HODL strategy” to offer more liquidity and strengthen its balance sheet. According to reports, the firm sold 3,000 BTC […] The post Canada’s Largest Bitcoin Mining Firms To Offload Holdings appeared first on Latest Crypto News. Canada’s Largest Bitcoin Mining Firms To Offload Holdings was first posted on June 21, 2022 at 5:02 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at [email protected]

Bitcoin Miners Wind Down Selling, Is A BTC Recovery In Sight?
6 hours ago

Bitcoin miners appear to have reduced the pace at which they were offloading tokens, indicating that some selling pressure on the token may have eased. Bitcoin prices stabilized around $20,000 after tumbling as low as $17,922 last week. The token now appears to be treating $20,000 as a support level. A bulk of this tumble The post Bitcoin Miners Wind Down Selling, Is A BTC Recovery In Sight? appeared first on CoinGape.

Bitmain Mines 42% of All Bitcoin Blocks
9 hours ago
On Saturday, June 18, Bitcoin underwent another major price correction slipping under $20,000 for the first time since December 2020. As of press time, BTC is trading at $18,548 with a market cap of $354 billion. Panic has spread all across the crypto market making investors uncomfortable about the recent downside. El Salvador President Nayib The post Keep Patience, Trust Bitcoin: El Salvador President has A Message for Bitcoin Investors appeared first on CoinGape.