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Cover Protocol announced it’s exploring launching a new COVER token through the snapshot before the attack by a “white hat” hacker on Monday morning.

Stefan Qin, the 23-year-old founder of Virgil Capital, has been accused by the SEC of “fabricated records” for failing to redeem $3.5 million in investments and attempting to withdraw $1.7 million in investor funds to pay off Chinese loan sharks.

Quick Take

• Perpetual Protocol is a DeFi project focused on perpetual swaps. In August, the project raised $1.8 million from Multicoin Capital, Three Arrows Capital, CMS Holding, and Alameda Research
• Perpetual Protocol uses a “virtual AMM” for pricing trades, which allows for the protocol to quickly bootstrap liquidity for new markets
• Perpetual swaps are the most popular method for trading crypto (particularly among retail traders) but have not yet taken off in DeFi

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In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Zack Seward’s profile of Charles Cascarilla, one of CoinDesk’s Most Influential People in 2020.

Bitcoin has only “died” 11 times this year.

Riot’s value was less than $50 million when it started mining bitcoin three years ago.

Big bitcoin balance holders, or “whales,” are moving less crypto onto exchanges, signaling some reduction of sell-side pressure, according to CryptoQuant.

Episode 47 of Season 2 of The Scoop was recorded remotely with guest hosts Larry Cermak and Mika Honkasalo, who sat down with Spencer Dinwiddie, founder & CEO at Calaxy and point guard for the Brooklyn Nets.

Listen below and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.

Spencer Dinwiddie, an avid crypto enthusiast, made headlines for an attempt to tokenize his contract with the NBA — a move that would have offered fans and speculators a chance to get in on the future upside of his sporting success. Although those plans fell through, Dinwiddie is still a champaign of the crypto world through his firm Calaxy—a blockchain-based platform for influencers. 

On this episode of The Scoop, The Block’s research team speak with Dinwiddie about his crypto journey, what originally got him excited about the space, what made him buy bitcoin, the investments that have made him excited about DeFi, Calaxy, and the NBA. 

© 2020 The Block Crypto, Inc. All Rights Reserved. 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.

Asia looks poised to continue its trajectory towards digital dominance, says the co-founder of Zilliqa.

This year China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun.