The Solana blockchain-powered decentralized exchange has raised $4.5 million in a seed round led by CMS Holdngs.
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Japanese financial services company SBI has reportedly acquired crypto market making firm B2C2.
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An attacker who stole about $8.25 million from Nexus Mutual founder Hugh Karp’s wallet address yesterday has now successfully withdrawn almost 35% of the funds.
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The World Economic Forum (WEF) has finalized a platform that tracks CO2 emissions during mining processes using blockchain.
Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. See also: Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal
Bankhaus von der Heydt partnered with Bitbond to launch its euro-backed stablecoin on Stellar last week.
Quick Take
- The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report.
- We first break down the historic decline that traditional and digital asset markets experienced in Q1 2020.
- Looking at the Treasury-EuroDollar rate (TED) spread, we show that credit risk in the economy reached its highest level since the depths of the global financial crisis (GFC) in 2008.
- We then use studies and testimonies by US monetary authorities to understand both the cause of March’s credit market freeze, as well as the policy response by the Federal Reserve that helped restore confidence in the financial system.
- Lastly, we plot the relationship between digital assets and traditional market metrics to challenge Bitcoin’s “safe-haven” narrative at this moment in time.
Quick Take
- Binance’s spot volume market share has grown from 55% in January to 60.7% in November.
- Despite an overall reduction in exchange BTC and ETH holdings, year-to-date, Binance was able to grow both its BTC and ETH holdings by 19.6% and 27% respectively.
- Moreover, Binance was able to more than double its market share for both Bitcoin and Ethereum futures to about 28%.
Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.
The hybrid blockchain maker said it is collaborating with fintech firm Celo to on-board its stablecoin, cUSD, to Kadena’s platform using a trustless bridge.
