Boom or fiasco? Welcome to the anarchic world of cryptocurrency loans

Sounds like a safe bet. You give money to a debtor who puts up collateral that exceeds the size of the loan, and then you earn about 20% interest. What can go wrong? That is the proposal put forward by “DeFi”, or decentralized finance, ‘peer-to-peer’ cryptography platforms that allow you to carry out financial credit … Read more

Beat Bitcoin, the price of this crypto asset rises 330 percent in days

JAKARTA, – Price cryptocurrency YEarn Finance (YFI) soared 330 percent to IDR 210 million in just a matter of days. Currently, YFI’s price is higher than the price of the most popular crypto assets bitcoin which has reached around IDR 180 million per 1 bitcoin. On the Indodax crypto asset trading platform, YFI was … Read more

Five ringleaders of cryptocurrency ponzi scheme arrested

Key facts: Those involved will be charged with committing bank fraud and money laundering. If found guilty, the defendants could face 70 years in prison. Authorities from the United States Department of Justice announced on Tuesday the arrest of five involved in the AirBit Club ponzi scheme, an alleged cryptocurrency investment and mining system. Co-owners … Read more

Global Cryptocurrency Mining Software Market 2020 – Impact of COVID-19, Future Growth Analysis and Challenges | Genesis Mining, NiceHash, Awesome Miner, MinerGate, WinMiner

The Research Report on Global Cryptocurrency Mining Software Market provides analysis of market outlook, framework and socio-economic impacts. This Report attempts to encompass authenticated information about market size, share, product footprint, revenue and rate of progression. All of this information is the result of primary and secondary research, with reliable and authentic projections when it … Read more

Ripple wants to become the Amazon of the cryptocurrency world

The controversial blockchain company, Ripple, plans to expand its use cases, far beyond the simple optimization of cross-border payments, in association with national and international banks. For the past five years, following the arrival of the new CEO Brad Garlinghouse, Ripple has focused its efforts solely on cross-border payments. Despite its unprecedented success as a … Read more

Bitcoin and Ethereum 2.0 Halving Bring Big Changes for Cryptocurrency Miners

Although more than two months have passed since the halving en la red de Bitcoin, the cryptocurrency mining industry is still shaken by the hectic pace of events that have followed suit. The roller coaster of hash rates made Bitcoin prices (BTC) y Ether (ETH) will skyrocket and provoke mixed feelings among cryptocurrency miners. The … Read more

Cryptocurrency mining profitability in 2020: is it possible?

Mining profitability metrics are based on a handful of factors that regulate difficulty and issuance, these are encoded in the attributes of the blockchain, making them predictable to work with. While predictability is not always an immediate synonym for profitability, gives a blockchain certain parameters to trust by predicting when cryptocurrency mining will become profitable, … Read more

Goldman Sachs would launch its own cryptocurrency if it has commercial viability

Financial group and investment bank Goldman Sachs could launch its own cryptocurrency should the project become commercially viable. The institution is currently exploring the possibility of issuing, managing and determining potential use cases for a new token. This was revealed by Mathew McDermott, Goldman Sachs’ new global head for its department of digital assets or … Read more

Stolen cryptocurrency and a fugitive developer

The Decentralized Finance (DeFi) web platform, as well as the social media accounts related to the Asuka token were unsubscribed. Everything indicates that it is an exit scam (or “exit scam”). Asuka was promoted as “the DoFi coin token for DeFi” in a post published on August 2 on the 4channel platform. Investing in … Read more

Cryptocurrency platform announced interbank mobile payment service for Venezuelan users

Photo file Starting this week, Venezuelans will be able to buy and sell cryptocurrencies through an interbank mobile payment service, which will enable the Cryptobuyer platform. This was reported by the company to The National. “Responding to requests from our users we activate immediate settlements to any Venezuelan bank through the interbank mobile payment system,” … Read more