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DeFi protocol run by ex-Coinbase dev just did $3.6 billion in daily trading volume

dYdX (DYDX), a decentralized derivatives exchange that runs on Ethereum (ETH), has surpassed Coinbase’s volume for the first time, executing over $3.6 billion in trades in a 24-hour period.The protocol’s success came in the midst of Beijing stepping up its clampdown on crypto, which spurred the recent interest in decentralized exchanges (DEXs) and other decentralized finance (DeFi) products among Chinese users.Ethereum Layer-2 DEX doing more volume than Coinbase“5 years ago I left Coinbase and eventually founded dYdX. Today, for the first time, dYdX protocol is doing more trade volume than

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, sell, and transfer cryptocurrencies like bitcoin, ethereum, and the USDC stablecoin. South Africa Ripe for Disruption and Innovation According to a report that quotes the start-up’s VP for strategy and partnerships in Africa, Pardon Mujakachi, Chipper Cash has made the foray into South Africa because it believes the country “is ripe for disruption and innovation in

Netflix Announces Documentary About Quadrigacx’s Downfall

Netflix, the world’s largest video streaming company, has announced it is working on a documentary that deals with the aftermath of the Quadrigacx saga. According to brief descriptions, the documentary titled; “Trust No One: The Hunt for the Crypto King,” deals with how the users affected by the death of Quadrigacx’s CEO Gerry Cotten try to uncover the mystery behind his strange death and the private keys that supposedly only he held at his death. Netflix To Release Quadrigacx Documentary Next Year Netflix, one of the leading video streaming sites,

Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June

A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved an impressive current score of +24% and even got to +50% before the latest crypto selloff. Crypto-Trading Hamster Performs Better Than S&P 500, Bitcoin A cryptocurrency-trading hamster that streams trading signals through Twitch has been on a roll since June, outperforming fellow human

South African University Professor Urges Country to ‘Finalize Cryptocurrency Policy’ — Warns Against Resisting Crypto

A professor with the University of Johannesburg, Rabelani Dagada, has urged South Africa to finalize its cryptocurrency public policy if the country still wants to become a hub for digital currency innovation. History Will Repeat Itself In an opinion published by Itweb, Dagada warned South African authorities that the continued efforts to stifle cryptocurrencies will not achieve the intended objectives. He adds that regulators must learn from history that violently opposing an emerging innovation will not kill it. He explained: Technology has prevailed against violent and regulatory opposition. During the

Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit

As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect investors. Ripple’s CEO Claims SEC Uses Meetings With Crypto Companies as Lead Generation for Enforcement Actions Amid the SEC’s lawsuit over XRP, Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of clarity in

Italian Payments Giant Nexi Involved in Digital Euro Project

Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. Nexi Advising ECB on Digital Euro Issues Nexi, one of the biggest payments companies in Europe, is working in tandem with the European Central Bank toward the creation of a digital euro, according to statements

Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE

The Greenidge bitcoin mining company will be listed on the Nasdaq stock exchange on Sept 15, according to an SEC filing.Sponsored Sponsored Greenidge, a bitcoin mining and power generation company that operates in New York, will be listed on Nasdaq on Sept 15. An SEC filing shows that the company’s shares will run under the GREE ticker, and the news follows a previous update that disclosed a merger transaction to be completed on Sept 14. Greenidge and Support.com, which is listed on Nasdaq, merged in March 2021. The closure of

Crypto Hacker’s Data Vulnerable to FBI Through Palantir Glitch

A glitch in the Palantir system allegedly allowed the FBI  unauthorized access to data on a crypto hacker case from 2019. Sponsored Sponsored The Peter Thiel-founded AI company, Palantir faced unwelcomed news.  A new report claims the artificial intelligence giant faced a glitch in their secretive software program used by the FBI. Such a mishap allowed the FBI unauthorized access to private data for over a year.  Clients of this power intelligence software include the CIA, US immigration agency ICE, and the FBI among others. Sponsored Sponsored The accusation came from a

Bug in Leading Ethereum Node Software Has Caused the Chain to Fork

A bug in outdated versions of the leading Ethereum client for node operators, Geth, is causing forks on the chain, according to research by the Block.According to The Block, this could enable double spends on the world’s second-largest blockchain by market capitalization. Ethereum security lead Martin Holst Swende tweeted, “Fortunately, most miners were already updated, and the correct chain is also the longest (canon).”Ethereum developer who works on the Geth client, Marius Van Der Wijden, said that most retail users should be okay, particularly if they are using the most

Countries That Might Soon Allow Crypto Betting

Aug 21, 2021 at 09:54 // News In some countries, bitcoin is seen as a legal payment platform, whilst in others, there are regulations pertaining to how betting with cryptocurrency operates. Some other countries have chosen to be quiet on the issue and have not made any attempt in allowing or not allowing it. In countries where Bitcoin is not considered legal, you cannot fund your gambling wallet with cryptocurrency. Only very few countries have come out in the open to address cryptocurrency gambling. Some of the countries that have

Bitcoin: Why this might not be the ‘dip to buy’

Rooting against Bitcoin during a positive rally could be considered cynical by the hyper-bullish community, but it is important to note down important reversals. After all, the asset unleashed a relentless recovery on July 20th, and from a healthy side of things, ‘rooting’ against Bitcoin now only helps the digital asset in the long term. In line with that thought, we analyzed a few important signals that surfaced over the past 24-hours, that may act as key insights for the next few days. SMA tussle for Bitcoin? Source: Trading View