A new cryptocurrency project, called Destroyer DAO, is attempting to clean up the cryptocurrency space. Through an interesting combination of two distinct features, proof-of-burn, and a DAO, the new project hopes to destroy valueless “shitcoins.” Too Many “Shitcoins” With the tagline “Burn shitcoins and create a unified shitcoin ecosystem”, DestroyerDAO is an ambitious project. Led
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Users of Sirin Labs’ Finney wallet will not be able to make use of MyEtherWallet as their interface as the two companies confirmed on March 21, 2019, that they have entered a partnership. Better than One In 2018, Sirin labs made history when they announced the Finney smartphone, which is the world’s first blockchain-powered smartphone
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It turns out that correlation rates tend to be higher between the major cryptos when their returns are denominated in US dollars rather than bitcoin, a March 20, 2019 report from Binance shows. Correlation and Causation At this point in the industry, it is clear that there is a correlation between the prices of various
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There are many European countries that are aware of blockchain and cryptocurrencies, but it appears as though that one embraces crypto more than many had previously thought. Apparently, the results of a new study from ING News suggest that Turkey now boasts the highest cryptocurrency ownership percentage in Europe. About The Study While there are
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According to March 21, 2019, public notice by the Beijing Internet Finance Industry Association, any participation in “solicited illegal financial activities” like initial coin offerings (ICOs), security token offerings (STOs) and initial exchange offerings (IEOs) could result in severe punishment. China Warns Against Participation in Crypto Business Models After months of staying relatively mum on
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In a bid to make it easier for businesses and individuals to receive funds via the Lightning Network, Lightning Labs has rolled out the alpha version of Lightning Loop, according to a blog post on March 20, 2019. Receiving Bitcoins Easier with Lightning Loop As stated in its blog post, the Lightning Labs team says
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The AriseBank CEO, who faced up to 120 years in jail, entered a guilty plea for a count of securities fraud that implicates him for deceiving investors of AriseBank when he was at its helm. This according to a recent report from Dallas News. Confessed To His Wrongdoing Jared Rice, according to a Texas-based news
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Law firms Miller Thomson and Cox & Palmer have appointed a new committee to aid them in representing close to 115,000 customers of the now defunct Canadian cryptocurrency exchange QuadrigaCX. This according to a court notice published March 19, 2019. The Committee Will Represent the Users The QuadrigaCX fiasco has once again highlighted the need
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Switzerland’s Federal Assembly on March 20, 2019, passed a motion in favor of adopting the existing cryptocurrency regulation legislation. The motion was supported by 99 assemblymen who voted in its favor and will now move to the upper house of the parliament for final voting. The Swiss Federal Assembly OKs Crypto Regulations The motion was
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Morgan Creek Digital has invested an undisclosed amount in Ikigai Asset Management, a cryptocurrency and digital asset management firm that claims to be focused on generating superior risk-adjusted returns for its clients through venture-stage pre-Initial Coin Offering (ICO) investments, according to a Business Wire press release on March 20, 2019. Delving Deeper into Cryptos Though
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