Author: Top Rated Cryptos
Ukrainian Anti-Corruption Agency Confiscates $1.5 Million in Cryptocurrency from Former Government Official Key Points: – The National Anti-Corruption Bureau of Ukraine (NABU) has seized approximately $1.5 million worth of cryptocurrency from Yury Shchigol, the former chief of the Special Communications Service. – The move comes as part of an ongoing investigation into corruption and embezzlement in the Ukrainian government. – The confiscated crypto assets were discovered during a search of Shchigol’s residence, where he was found to be in possession of a significant amount of digital currencies, including Bitcoin and Ethereum. – The NABU is using blockchain analysis tools to…
Coinbase CEO Brian Armstrong: No Token for Base Layer-2 Network Key Points: In an interview with Decrypt, Coinbase CEO Brian Armstrong addressed the decision of not issuing a token for the company’s layer-2 network, Base. This decision was made to avoid potential regulatory scrutiny and to align with Coinbase’s mission of being a trusted and compliant platform. Armstrong stated that Coinbase wants to focus on building an open and decentralized ecosystem, rather than creating proprietary technology or platforms. The company believes that an ecosystem built on open protocols will provide a level playing field for developers and startups. Coinbase is…
Goldfinch’s Defi Loan Service to Launch on Coinbase’s Decentralized Network In a recent meeting, the governance members of Goldfinch, a prominent decentralized finance (DeFi) platform, came to a unanimous decision. They concluded that launching Goldfinch’s highly anticipated DeFi loan service on Coinbase’s decentralized network would yield numerous benefits, including boosting user adoption and expanding the reach of the platform. The Benefits of Launching Goldfinch’s Defi Loan Service on Coinbase’s Decentralized Network 1. Increased User Onboarding: By integrating Goldfinch’s DeFi loan service with Coinbase’s decentralized network, the platform will tap into a vast user base. Coinbase is one of the most…
The Blur Network Announces Job Openings for Mainnet Development Key Points: Blur Network, an Ethereum layer-2 solution, is hiring for important roles related to the development of its mainnet. The network, co-founded by Blur and backed by Paradigm, aims to provide scalability and efficiency to the Ethereum ecosystem. The job openings include positions in software development and research. Blur Network’s mainnet launch is highly anticipated by the crypto community. The Blur Network, a layer-2 solution built on Ethereum and co-founded by Blur with the backing of Paradigm, has recently announced job openings for key roles in the development of its…
TBD Unveils tbDEX Protocol for Trust-Based Transactions Key Points: TBD, a branch of Block specializing in decentralized technology, has launched its open source protocol, tbDEX. Yellow Card, Africa’s leading cryptocurrency exchange, has become the first to adopt the tbDEX protocol. tbDEX aims to bridge traditional financial systems with decentralized payment systems, allowing for trust-based transactions without intermediaries. Yellow Card’s integration with tbDEX enables Bitcoin-to-fiat off-ramps in 20 African nations, providing users with the ability to receive Bitcoin payments in their local currencies. The partnership between TBD and Yellow Card has already demonstrated the potential of tbDEX with successful Bitcoin-to-Kenyan shilling…
The Hooked Protocol Faces Allegations of Insider Trading Key Points: The Hooked Protocol, a Binance IEO project, has been accused of engaging in insider trading. The allegations have sparked significant discussion and criticism within the cryptocurrency community. Insider trading refers to the unethical practice of trading securities based on non-public information. Investors and industry experts are calling for transparency and accountability from the Hooked Protocol team. Binance, the popular cryptocurrency exchange, has not yet made an official statement regarding the allegations. Details: The cryptocurrency community has been buzzing with accusations of insider trading surrounding the Hooked Protocol, a project that…
The Twin Barriers of Complexity and Centralization in Blockchain Services Introduction Blockchain technology has emerged as a revolutionary force that promises to transform industries and empower individuals with greater control over their digital lives. However, despite its potential, there are still significant barriers preventing mainstream adoption of blockchain services. Elena Sinelnikova, a trailblazer in the Web3 community, has shed light on the twin obstacles of complexity and centralization that hinder widespread access to blockchain services. Key Points: – Complexity: Sinelnikova emphasizes that blockchain technology is often viewed as esoteric and convoluted, which creates a significant barrier for newcomers. The complex…
President Bukele Receives Legal Permission to Step Down and Run for Re-election Introduction President Nayib Bukele of El Salvador has been granted a special license allowing him to temporarily step down from his presidential role to pursue a second term in the country’s upcoming elections on February 4, 2024. This move aligns with a 2021 Supreme Court ruling and the constitutional interpretation, specifying that Bukele can only seek a second term if he vacates the presidency six months prior to the start of the subsequent presidential term, commencing on June 1, 2024. Affirming Security Measures Of notable concern to many…
The Winds of Change: How ESG Investors Can Ignite the Next Bitcoin Bull Run Key Points: ESG investors have the potential to drive the next Bitcoin bull run with just a 1% deployment in assets under management (AUM). ESG-focused institutional investment is projected to reach $33.9 trillion by 2026, creating a demand for solid ESG investments that currently outstrips supply. Recent reports and papers from reputable researchers and organizations have flipped the Bitcoin ESG narrative, showing that Bitcoin is a net positive as an ESG asset. There is currently an information asymmetry, with most ESG investors still believing the outdated…
Crypto Investment Trust GBTC Welcomes ETF Veteran Amid Talks with SEC Key Points: GBTC, the issuer of the popular Bitcoin Investment Trust, has added an experienced ETF veteran to its team. The move comes after constructive talks between GBTC and the Securities and Exchange Commission (SEC) regarding the approval of spot Bitcoin funds. GBTC hopes that the addition of an ETF veteran will strengthen its case for regulatory approval. The growing interest in spot Bitcoin funds highlights the increasing demand for regulated cryptocurrency investment products. The SEC’s decision on approving spot Bitcoin funds is eagerly awaited by the crypto community.…