A new court filing indicates that the New York Attorney General has received much of the information it has sought from iFinex, the parent company of stablecoin issuer Tether and crypto exchange Bitfinex.
More on The Block• 2021-01-20
By now as a Deribit trading participant you are familiar with call and put options – sell an option and collect the premium in return for giving up PnL on an adverse price movement, or buy an option to profit if you are right on the size of a price movement. As a refresher, here is our Education article on this. For the purposes of this article we will focus on call option strategies in general, please keep in mind that everything discussed here for call option strategies applies to put option strategies except the payoff direction is reversed.
More on Deribit Insights• 2021-01-20
Over the past several months, the Brave team has been working with Protocol Labs on adding InterPlanetary File System (IPFS) support in Brave. This is the first deep integration of its kind and we’re very proud to outline how it works in this post. IPFS is an exciting technology that can help content creators distribute content without high bandwidth costs, while taking advantage of data deduplication and data replication. There are performance advantages for loading content over IPFS by leveraging its geographically distributed swarm network. IPFS is important for blockchain and for self described data integrity. Previously viewed content can even be accessed offline with IPFS! The IPFS network gives access to content even if it has been censored by corporations and nation-states, such as for example, parts of Wikipedia.
More on Brave• 2021-01-20
Cryptocurrencies are a "particular concern" for law enforcement officials charged with policing money laundering and other illicit finance, Treasury secretary nominee and former Federal Reserve chair Janet Yellen said during her Senate confirmation hearing today.
More on The Block• 2021-01-19
The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels earlier on Tuesday. Prices hit $1,439.33 around 12:00 UTC – that’s a little over the previous all-time high of $1,432.88 registered on CoinDesk’s price index on Jan. 13, 2018. The digital asset rallied nearly 12% Tuesday to reach the new peak. Ether (ETH, +16.57%) first hinted at a coming rally to previously unseen levels earlier this month, but fell victim to a brief market correction triggered by bitcoin (BTC, +3.81%)‘s pullback from $40,000 to $30,000 last week.
More on CoinDesk• 2021-01-19
After an alleged hack in December 2020, Russian cryptocurrency exchange Livecoin has announced that it is going to shut down, but that it will refund its customers. “Our service has been damaged hard in technical and financial way. There is no way to continue operative business in these conditions, so we take a hard decision to close the business and paying the remaining funds to clients,” says the announcement published on January 16.
More on Decrypt• 2021-01-18
The owner of a cryptocurrency exchange was sentenced to 121 months in prison for money laundering and conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense. U.S. District Court Judge Robert E. Weir sentenced Rossen G. Iossifov, 53, formerly of Bulgaria, for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense and conspiracy to commit money laundering.
More on Darknetlive• 2021-01-17
A Welsh man on Friday repeated his previous request to the local council for permission to search a landfill site for a lost hard drive, which he claims contains bitcoin now worth around £210 million ($287 million). The 35-year-old said that he’s willing to donate 25 percent of the value of the lost treasure to local residents. James Howells, an IT professional from the Welsh city of Newport, told local news outlets that he had been mining bitcoin since February 2009, when it was much cheaper to do.
More on ZeroHedge• 2021-01-17
American internet infrastructure company Cloudflare has announced its foray into the distributed web today, revealing a partnership with the Ethereum Name Service (ENS) that will make ENS and Interplanetary File System (IPFS) domains more widely accessible. On January 18, the distributed web gateway service operated by the Ethereum Name Service at eth.link will transition to one operated by Cloudflare instead. According to an ENS blog post, this collaboration has been in the works over the past year, and will result in improved uptime for ENS and IPFS domains as well as improved scalability for the future. Cloudflare’s gateway will bring hypertext transfer protocol secure (HTTPS) to such domains for improved security, as well.
More on Decrypt• 2021-01-13
Crypto custodian Anchorage has announced the first ever digital bank with a federal charter. The Office of the Comptroller of the Currency, helmed by the crypto-friendly Brian Brooks, has granted the company conditional approval for a national trust charter, and the creation of Anchorage Digital Bank. Anchorage announced that they’d applied for the charter late last year, citing the need for sub-custody services in the realm of cryptocurrencies—that is to say, the charter will allow traditional banks that don’t handle crypto to offer Anchorage’s services to clients.
More on Decrypt• 2021-01-13
We know how some hackers passed away their time during the lockdown: By running Bitcoin-related hacks and potentially netting "nearly $3.78 billion" in 2020, according to a report from Atlas VPN. The losses are huge but not at the level Atlas VPN claims because it used mid-January 2021 values rather than at the time of the breach.
More on ZDNet• 2021-01-12
In 1961, Popular Science magazine envisioned self-driving cars. The reality arrived sooner than anyone anticipated, and before safety regulators could adapt. Most automotive laws — on speed limits, giving signals, drink-driving — had been designed to protect against dangerous drivers, not dangerous cars. Autonomous vehicles brought new risks that legacy rules never considered. As one headline on the Wired website put it: “Who’s Regulating Self-Driving Cars? Often, No One”. Banking is headed down the same road. And it’s being driven by the technology behind decentralised finance, or DeFi. But just as the original rules of the road protected us from other drivers, so our current bank regulations exist mainly to prevent human failings.
More on Financial Times• 2021-01-12