Tag Archives: AA News

The decentralized exchange aggregator sourcing liquidity from multiple platforms 1inch has raised nearly $3 million in a funding round led by Binance Labs. Other prominent participants in the series include Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, LAUNCHub Ventures, and Divergence Ventures.1inch Raised $2.8MAccording to a press release shared with CryptoPotato, the successful completion of the funding round came shortly after the decentralized exchange...

Anyone that has used Ethereum for anything recently will have noticed a surge in gas fees. The DeFi boom of 2020 is largely responsible for this as demands on the creaking network increase. Ethereum and ERC-20 tokens make up the foundations of DeFi, and it has become painfully evident that the network cannot take the load.Average Ethereum fees have surged to just under $3 as of August 10, according to Bitinfocharts.com. Aside from a spurious spike in June, this is the highest they have been...

Swipe, one of the latest acquisitions of Binance, has announced a new simplified white paper, which should assist in mass adoption for the company.With many developments coming from Swipe, its native cryptocurrency, SXP, has soared by over 60% in the past week alone to a new all-time high painted today.Swipe’s Latest DevelopmentsThe newly-announced and “redefined” white paper comes under the name Swipe Product Manual. The company said that unlike other white papers that are “bulky and mixed...

According to numerous posts on John McAfee’s Twitter, the former antivirus tycoon and cryptocurrency proponent was arrested in (probably) Norway, or Spain, or Germany.While he hasn’t disclosed lots of details, the reason for the arrest was quite compelling – wearing a lady’s underwear as a protective mask and refusing to replace it.McAfee ArrestedJohn McAfee is among the most controversial figures within the cryptocurrency community. From refusing to pay taxes, claiming they are illegal, to...

Following what appears to be the actions of a single whale, the price of ETH skyrocketed to just under $450 according to the Uniswap v2 ETH/USDC price ticker in late trading on August 10. This represented an increase upwards of 15%.The trade involved a series of swaps totaling almost $18 million in USDT to purchase just over 40,000 ETH. Within a couple of hours, the price of Ethereum had returned to its range-bound channel at around $395.ETH/USD Chart, Uniswap V2. Source: UniswapRealt...

Crypto commerce in Ireland is about to become a lot more regulated, with lawmakers in the country ready to introduce laws targeted at combating cryptocurrency-related money laundering.Wallets and Exchanges to Come Under Scrutiny in IrelandAccording to the Irish Examiner, Ireland’s cabinet is set to introduce new anti-money laundering (AML) laws. These pieces of legislation will reportedly focus on the use of cryptos in illicit financial activities like money laundering and terrorist...

Months after launching operations in China, the country’s Blockchain-based Service Network (BSN) saw the release of an official international website, aiming to attract global DLT developers as well.China’s BSN Goes InternationalThe Blockchain-based Service Network went live a few months back after a delay prompted by the COVID-19 pandemic. As CryptoPotato reported back then, the platform enables DLT developers to build applications, smart cities, and even digital economies on top of it...

The DeFi boom continues with full force as the total value locked approaches $5 billion. Interestingly enough, a relatively young cryptocurrency has turned into the poster child of yield farming – YFI, the governance token of yearn.finance.Launched just a few weeks ago, YFI is currently the second-most expensive token on the market, valued upwards of $6,000. Its growth rate is nothing short of impressive, and community members are already wondering if it would be able to catch up and even...

Following a recent update, the New York State Department of Financial Services (NYDFS) has approved eight cryptocurrencies for sale and trade and ten digital assets for custody by licensed entities.NYDFS License Cryptocurrencies For Trading And CustodyIn the latest update posted, the NYDFS has outlined the importance of regulating all assets available for purchasing and trading in the state. The department responsible for regulating financial services and products has been exploring multiple...

Demand for stablecoins has surged this year, mainly on the back of the DeFi sector, which has seen countless crypto earning opportunities arise. MakerDAO’s stablecoin, Dai, has just reached a milestone $400 million supply following the minting of a further $10 million.This 10 million DAI mint brings the total DAI supply to over 400 million ? https://t.co/5yH4a464B8— Anthony Sassano | sassal.eth ?‍? (@sassal0x) August 10, 2020Surging Dai DemandSince the beginning of July, Dai market...