DeFi continues to push higher. Even though Bitcoin is surging today, reaching $11,600, the likes of Akropolis is up 30% against BTC and Bancor 13%. In yet another record, the total amount locked in DeFi has reached $4.45 billion. While the market cap of the sector has reached $9 billion, as per CoinGecko, according to […]
Category: STO News
Boomer’s Bitcoin Smashes $2,000 to a New ATH, Is it Time for Digital Gold to Hit $20,000?
For the first time in history, Gold has broken above $2,000. Interestingly, in the current search for alternative assets, the older generation has taken to buying gold, and the younger generation is into Bitcoin, said JP Morgan strategists led by Nikolaos Panigirtzoglou. Over the past five months, however, both gold and Bitcoin ETFs have been […]
SEC Seeks ‘DLT Smart Contract Analysis Tool’ As DeFi Becomes A Key Focus Point On Compliance
The United States Securities Exchange Commission (SEC) is looking for a distributed ledger technology (DLTs) smart contract analysis tool in its latest efforts to analyze and closely monitor the base code of blockchains. The latest solicitation from the SEC comes at a time the decentralized finance (DeFi) industry is booming, and the forensic tool will […]
Bitcoin to See More Volatility as Indicator Foreshadows A Price Reversal; Could See a Big Spike
Today, Bitcoin is in the green, currently trading above $11,585. The recent price trend of the largest cryptocurrency suggests bitcoin is consolidating before making the next jump. This move could see us going back to $12,000, a resistance level that dates back to last August and was rejected this weekend. According to the 14-day relative […]
4 US Congressmen Send IRS Guidelines On Taxing Proof-Of-Stake (PoS) Network Rewards
Several blockchain-survey members of the U.S Congress have made calls to the U.S taxation authority, IRS, not to “overstate” the tax from proof-of-stake (PoS) tokens. In a letter addressed to the Internal Revenue Service (IRS), four members of Congress – Rep. David Schweikert (R-AZ), Bill Foster (D-IL), Tom Emmer (R-MN), and Darren Soto (D-FL) – […]
DeFi accounted for 92% of Ethereum dApps volume in July
A surge in transaction volume in the DeFi market saw Ethereum applications record an all-time high transaction volume above $12 billion Interest in decentralized finance has pushed transaction volume for Ethereum dApps to an all-time high over the past month. According to DappRadar, the DeFi sector saw massive volumes in July to push the overall […]
Robinhood Reports $180 Million in Q2 2020 Revenue, Doubling Q1
Robinhood reported $180 million in revenue in the second quarter this year, which represents double the revenue from the first quarter of $91 million. Many people have suspected Robinhood’s popularity would start to wane following its numerous outage woes and bad press. Yet, the opposite is happening. Why? Robinhood’s Q2 2020 Revenue Just last week, […]
Chromia launches DeFi protocol for options trading
Project Hedget — a decentralized finance (DeFi) protocol for options trading has already raised $500,000 in funding Project Hedget is designed to add more functionality to DeFi’s (decentralised finance) ecosystem by providing new ways to trade options. Chromia, the company behind the project, considers options an essential building block for the world of DeFi as […]
These 10 Stocks Were the Most Popular on Robinhood Last Month
The saga of hip trading continues with Robinhood paving the way. Last week, we saw the huge rally of Kodak shares, thanks in large part to Robinhood’s enthusiastic traders. You may have noticed that Robinhood keeps an exact track of which stocks are held by its users. Therefore, it’s time to delve deeper into which […]
META 1 Coin Threatens Securities.io with Litigation for Reporting on ICO Fraud
On August 4th, 2020 Securities.io was threatened with legal action by Robert Paul Dunlap, the legal advocate for META 1 Coin, the creator, owner, controller, and also one of the defendants in the Complaint filed by the SEC. The threat followed the publication of an article titled “SEC Files Charges Against ex-Senator David Schmidt” which […]
