The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating that under Japanese law XRP is a “cryptocurrency asset” and not a security.
The decentralized finance (DeFI) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, Grape.Finance, a so-called ‘white hacker’ claimed responsibility for the attack via its Twitter account, saying all funds had been returned. The exploiter has cashed out over $4 […]
How a VC working in China finally convinced her Dad to buy into Bitcoin. The winning argument: Protection against government seizure.
Crypto exchange Binance has just listed European-style bitcoin options to directly compete against Deribit.
The post Binance lists European-style bitcoin options to compete more directly against Deribit appeared first on The Block.
The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.
Decentralized finance (DeFi) protocol Cover, which recently merged with Yearn.Finance, has just been exploited terribly.
The post DeFi protocol Cover exploited, attackers minted at least 40 quintillion tokens appeared first on The Block.
Quick Take
- The SEC has sued Ripple and two executives alleging that XRP is a security
- Since then, several exchanges, market makers, OTC desks and payment processors have announced their plans to either fully delist XRP or only limit activity to non-U.S. customers
- Some exchanges (FTX, OKEx, Liquid, Huobi) are way less reliant on XRP volume than others (Bitstamp, Bitbank, Bitso)
- More delistings are coming in the next few weeks
Swiss crypto asset manager 21Shares, formerly known as Amun, has removed XRP from its exchange-traded products (ETPs).
The post Crypto asset manager 21Shares removes XRP from its ETP products appeared first on The Block.
Looking back on the year in bitcoin and crypto, with rhymes.
Quick Take
- ParaFi Capital is an investment firm focused on blockchain technology and decentralized finance markets
- The firm was one of the earliest investors and participants in DeFi protocols, in which it began to focus specifically on that sub-sector in 2018 strategically
- In total, the firm has deployed capital to at least 22 startups and protocols across nine verticals, which The Block has mapped out
