Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Input Output Hong Kong (IOHK), the company behind the Cardano blockchain has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network. As part of the roll-out of Cardano’s smart contract functionality, IOHK has announced the partnership with Bondly Finance, a company aimed to bring agile and trusted DeFi to everyone.  Bondly would become Cardano’s first DeFi project launched on the blockchain. IOHK’s announcement read: “We’re partnering with @BondlyFinance, which will be the first DeFi project enabled on #Cardano as a part of the roll-out of our smart contract functionality. Our partnership will be a huge

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Apple Co-Founder Steve Wozniak’s WOZX is Best Performing Crypto as Price Rallies 100% Again

Apple Co-Founder Steve Wozniak’s WOZX is Best Performing Crypto as Price Rallies 100% Again

Apple co-founder Steve Wozniak’s crypto Efforce (WOZX) has rallied by 100% in the last 24 hours, the token price surging from $1.55 to $3.30 at the time of writing. The overnight WOZX price rally make’s Steve Wozniak’s crypto the best performing digital asset on the market and Efforce now has a circulating market capitalization of over $75 million and is now the 131st largest crypto asset. With a fully diluted valuation of $3.25 billion, WOZX is now one of the largest cryptocurrencies ever, according to data from CoinGecko. Apple Co-Founder’s Crypto Project Efforce is built on the Ethereum blockchain and is

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Crypto Exchange Trading Volumes Hit a Monthly High of $348 Billion in November

Crypto Exchange Trading Volumes Hit a Monthly High of $348 Billion in November

New data by CoinGecko reveals that the monthly trading volumes across crypto exchanges surged to an all-time high (ATH) of $348 billion in November, representing a 125 percent increase from $154 billion recorded in October. Rollercoaster ride in November The leading cryptocurrency ranking data provider alluded to the fact that the crypto market was on a rollercoaster ride in November and stated: “While Bitcoin rallied with a 42% increase in November, other major altcoins also displayed strength. Ripple (XRP) was a surprise winner with an impressive 177% month-on-month rise, suggesting that there may be a surge of retail investors.” The price rally experienced

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Biden's Administration "Will Ultimately Be Supportive" of Bitcoin

Biden’s Administration “Will Ultimately Be Supportive” of Bitcoin, says Circle CEO

Jeremy Allaire, the Co-Founder, and Chief Executive Officer of Circle, the blockchain firm behind the USDC Stablecoin has given his opinion on his expectations of the Biden administration in relation to providing the right regulations to support Bitcoin. Speaking in an interview on CNBC Squawk Box, Jeremy said that he believes the Biden era will likely be more friendly to digital currencies and their inherent opportunities. When asked by the host of the program whether he thinks the incoming administration will be positively predisposed to cryptocurrencies or if he thinks the entire space will be tightly regulated, Jeremy answered by saying: “They will

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Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History

Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History

Bitcoin has managed to surge to a new all-time high this year, reaching over $19,800 recently. Bitcoin’s price surge has attracted many new investors, and institutions have also hopped on the cryptocurrency bandwagon, including PayPal, Square, and MicroStrategy. Billionaires, including Paul Tudor Jones, and Stanley Druckenmiller have revealed that they have invested in Bitcoin. With Bitcoin’s adoption rate on the rise, and backed by the influence of many large institutions to date, it brings up the question of when Bitcoin would be more commonly used by the larger market. As previously reported by Blockchain.News, on-chain analyst Willy Woo previously estimated that in four years’ time,

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The OCC is Focused on "Not Killing" Bitcoin and Crypto says Acting Comptroller Brian Brooks

The OCC is Focused on “Not Killing” Bitcoin and Crypto says Acting Comptroller Brian Brooks

The newly nominated Comptroller of the United States Office of the Comptroller of the Currency (OCC), Brian Brooks has affirmed that the agency is not planning any ban or to place any stringent regulation on Bitcoin and cryptocurrencies. The OCC Has Good Plans For Bitcoin Asked by Melissa Lee on CNBC Squawk Box, the former Chief Legal Officer at Coinbase cryptocurrency exchange quelled rumors making the rounds about regulation or a ban on Bitcoin and cryptocurrencies. In response Brooks said; “We’re very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind

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Bitcoin’s Adoption Rate Puts Price at $100,000 by the end of 2021 and 30% of the World Owning BTC in 4 Years

Bitcoin’s Adoption Rate Puts Price at $100,000 by the end of 2021 and 30% of the World Owning BTC in 4 Years

Bitcoin has seen considerable adoption this year, with the news of PayPal enabling the buying and selling of cryptocurrencies. MicroStrategy has also ignited the interest in Bitcoin, when the company announced that it was going to invest in Bitcoin and make it its primary reserve asset.  Square’s Bitcoin announcement also pulled its weight for cryptocurrency adoption as the firm purchased $50 million in Bitcoin in October. Other institutions also joined the Bitcoin crowd, with Fintech group Mode becoming the first UK publicly-traded company to purchase a significant amount of Bitcoin as part of its treasury investment strategy.  Apart from institutions, notable traditional industry veterans have

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US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters

US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters

US lawmakers have introduced a new bill to Congress which seeks to impose federal control over the entire stablecoin industry and would mandate token issuers to secure bank charters. United States Representatives Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.) introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday, Dec. 2. The new US congressional bill would require stablecoin issuers to secure federal approval and secure bank charters in order to circulate their tokens. The official release cites the need to regulate stablecoins and cites Facebook’s Libra project as its main example. Unrelated, the Facebook Libra

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Bitcoin Withdrawals from Exchanges Surge to a 17-Month High

Bitcoin Withdrawals from Exchanges Surge to a 17-Month High

New data from Glassnode reveals that Bitcoin (BTC) withdrawals from crypto exchanges have hit a 17-month high of 2,288.125. The on-chain metrics platform added that the previous high was witnessed on 26 November 2020. Per the analysis: “Number of Bitcoin exchange withdrawals (1d MA) just reached a 17-month high of 2,288.125. A previous 17-month high of 2,265.875 was observed on 26 November 2020.” The surge in these BTC withdrawals could be attributed to the fact that investors are cashing in their profits after the price of the king of crypto hit a new all-time high of more than $19,800 on Nov 30.  The digital

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Bitcoin Price Hits New All-Time High of More Than $19,800 as Tyler Winklevoss Says “Cash Is Trash”

Bitcoin Price Hits New All-Time High of More Than $19,800 as Tyler Winklevoss Says “Cash Is Trash”

Bitcoin has finally managed to break past $19K again. This time, it even surged past its 2017 all-time high, trading north of $19,800 late Monday night. Bitcoin managed to break past its old all-time high achieved in 2017. The digital asset pushed past $19,780 on certain exchanges and even hit $19,844 as it approached the crucial $20K level yesterday night. Bitcoin (BTC) price is still bullish at the moment, although it has pulled back slightly, trading around $19,515.00 on CoinMarketCap at press time. It is currently up 6.88% in the past 24 hours. Although it only rose by approximately 6% on

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