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 […]

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 idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank Measure ‘Violates’ Privacy Rights, Says […]

Kraken, one of the world’s largest cryptocurrency exchanges, has tentative plans to go public next year, according to CEO Jesse Powell. Powell appeared on a segment on CNBC after Kraken published record-breaking fourth-quarter results, including a surge in trading volumes and new client signups. “The first quarter just completely blew away the entirety of last year,” he said. “We beat […]

One of ethereum’s biggest decentralized exchange, dYdX, with $270 million in crypto assets under management, has announced the launch of perpetual futures on second layer technology. “We had 110,000 users sign up for the waitlist, and users traded $90,000,000 in volume across over 25,000 trades. Today, we are excited to announce the public launch of our new protocol,” they say. […]

Coinme – a bitcoin kiosk company operating in the United States – has just installed approximately 300 separate bitcoin cash machines throughout the region of Florida, thereby allowing people to trade bitcoin for cash and vice versa and potentially boost further purchases with cryptocurrency. Coinme Is Building a Crypto Kiosk Community The company is hoping to start out small. Most of the […]

U.K.-based crypto exchange Bitstamp has hired a former director of financial services company Barclays’ payments team as its chief operating officer. In an announcement today, Bistamp said it would be appointing Sameer Dubey to the executive position as part of its effort to scale across the firm’s businesses. Dubey worked as the director of the head of payments for Barclays […]

Block reward mining equipment maker Ebang International Holdings Inc. (NASDAQ: EBON) has launched a digital currency exchange, which will only cater to qualified investors initially. Ebang first revealed its plan to launch an exchange on December 31 , 2020. Known as Ebonex, it initially launched in beta mode mid last month for invited users only. At the time, Dong Hu, […]