DeFi Aave Protocol Developers will create an alternative to Twitter on Ethereum

Cryptocurrency NewsBy 19/07/2021

The founder of the DeFi protocol, Aave, said that the developers of the project will create a decentralized alternative to the social network Twitter, which will run on Ethereum. The founder and CEO of the DeFi lending protocol Aave, Stani Kulechov, said the developer-created Twitter counterpart would give users the ability to monetize their content and manage the network. “We believe that content creators should be able to interact with their audience in an unsupervised…

Turkey drafts cryptocurrency regulation bill

Cryptocurrency NewsBy 19/07/2021

The Turkish Ministry of Finance is preparing a bill establishing the legal framework for the use of cryptocurrencies in the country. Deputy Finance Minister Şakir Ercan Gül announced that the bill will be presented to parliament – the Turkish Grand National Assembly – in October 2021. Gul said that the state needs to develop stricter rules for regulating cryptocurrencies than those applied in Western Europe or the United States. The bill aims to protect retail…

People’s Bank of China published the White Paper of the digital yuan

Cryptocurrency NewsBy 19/07/2021

The People’s Bank of China (PBOC) has published the White Paper of the digital yuan (e-CNY) it is developing. The document announced the use of smart contracts. The technical documentation of the digital yuan specifies the prerequisites for its creation. The idea of developing a state digital currency came from the NBK back in 2014. China began to conduct research after the emergence of cryptocurrencies, believing that they could pose a serious risk to the…

Binance has stopped trading stock tokens

Cryptocurrency NewsBy 19/07/2021

Cryptocurrency exchange Binance announced the termination of trading in tokens-shares, without specifying the reasons for this decision. This is most likely due to regulatory pressure. In April, Binance added tokenized stock trading for Apple, Microsoft, Tesla, Apple, Coinbase, and Microstrategy, paired with the BUSD stablecoin. Now their purchase on the stock exchange is no longer possible. Users who still own these assets can sell them within 90 days. However, if users do not manage to…

BIT Digital has moved 14,500 ASIC miners from China to the USA

Cryptocurrency NewsBy 16/07/2021

Mining company BIT Digital, listed on the Nasdaq stock exchange, announced the movement of 14,500 ASIC miners from China to the United States after the imposition of restrictive measures. BIT Digital stated that after the ban on cryptocurrency mining in China, the company ceased operations in the country on June 21. BIT Digital began moving mining equipment to the US back in October last year, but given the current situation, it was forced to hurry…

Crypto investor accuses T-Mobile of negligence leading to BTC theft

Cryptocurrency NewsBy 16/07/2021

A cryptocurrency investor has filed a lawsuit against the mobile operator T-Mobile. He accuses the company of insufficient protection of customer data, which led to the loss of 1.6 BTC through SIM card fraud. Plaintiff Richard Harris alleged T-Mobile’s misconduct and accused the company of failing to adequately protect customer information, employing appropriate support staff, and of violating federal and state laws that resulted in the plaintiff’s loss of 1.63 BTC. Harris demands a jury…

S&P Dow Jones Indices Launched 240 Cryptocurrency BDM Index

Cryptocurrency NewsBy 15/07/2021

S&P Dow Jones Indices, a division of S&P Global, announced the launch of the S&P Cryptocurrency Broad Digital Market (BDM), a “broad digital market index” of 240 cryptocurrencies. S&P Dow Jones Indices (S&P DJI) has announced that BDM will track 240 cryptocurrencies and cover about 80% of the total cryptocurrency market capitalization. Today it is about $ 1.3 trillion. The data provider will be the New York-based company Lukka Prime. To be included in the…

Brazilian regulator approved the launch of the country’s first ETF pegged to ETH

Cryptocurrency NewsBy 15/07/2021

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of an exchange-traded fund (ETF) pegged to ETH. It will be named QETH11 and will be operated by QR Asset Management. QETH11 will be listed on the Brazilian B3 Stock Exchange, registered in São Paulo, which serves clients around the world. QR Asset Management will use the custodian service of the Gemini cryptocurrency exchange, owned by brothers Cameron and Tyler Winklevoss. The company’s management…

OK Group will help the Chinese police in the fight against money laundering through cryptocurrencies

Cryptocurrency NewsBy 14/07/2021

OK Group, the operator of the OKEx cryptocurrency exchange, announced a partnership with the police in the Chinese city of Nanjing to use blockchain to combat money laundering through cryptocurrencies. OKLink, a subsidiary of the OK Group, will work with the Nanjing Public Security Bureau to develop blockchain-based solutions. They will focus on providing public safety and tracking suspicious digital asset transactions to prevent them from being used for money laundering. An OKLink spokesman stressed…

Hop Protocol Launches USDC Bridge Between Ethereum, Polygon and xDai

Cryptocurrency NewsBy 14/07/2021

The developers of the Hop protocol for the interaction of Ethereum’s second level solutions have launched a “bridge” for the USDC stablecoin between Ethereum, Polygon and xDai. According to the Medium Hop Protocol blog post, the USDC “bridge” launched with limited functionality and now supports “instant” transfers of USDC between the Ethereum mainnet, Polygon, and xDai Chain. The Hop developers plan to expand the number of supported assets over the “next two weeks”, including crypto…

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