DeFi Yield Protocol (DYP) Launches DYP Earn Vault

Leading yield farming platform DeFi Yield Protocol has launched its highly anticipated DYP Earn Vault. The Vault is an automated yield farming contract fully integrated with Compound Protocol and supports five markets, including ETH, WBTC, USDC, USDT, and DAI. Earn Rewards on DYP Earn Vaults Users can provide an asset to the DYP Earn Vault and begin earning impressive yields on their assets. One of the unique features of the Vault is the integration with Compound protocol. When users deposit funds into the Vault, the funds are forwarded to Compound…

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Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’

Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission hence Ghanaians should stay away from them.” Risks Associated With Crypto In remarks made during an interview, Paul Ababio, the Deputy Director-General of the (SEC) asserts that “there are risks associated with cryptocurrencies and people have lost funds to such transactions.” However, despite issuing the warning, Ababio does hint…

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Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts

The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo) has announced that starting in July “local digital exchanges must verify their customers’ identities through a ‘dip-chip’ machine that requires clients to be physically present,” the Bangkok Post reported. Currently, the account opening process at crypto exchanges is done entirely online. To approve a new account, exchanges must ensure that…

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Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency

The Federal Reserve’s top supervisory official has called on bank regulators to pay more attention to cryptocurrencies and stablecoins. His comments followed a number of major banks announcing that they will be offering products based on cryptocurrencies, particularly bitcoin, to their clients. Bank Regulators Should Focus More on Cryptocurrency, Says Fed Supervisor The Federal Reserve’s vice chairman for supervision, Randal Quarles, talked about cryptocurrency last week at a conference hosted by the Options Clearing Corporation. He urged bank regulators to pay more attention to stablecoins and cryptocurrencies. Quarles took office…

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Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Purchase of GBTC Shares for $750 Million 

Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). This latest action follows Marlton’s recent call for DCG and the Grayscale board to do more to narrow the discount on GBTC shares. Support for Purchase Authorization In a statement, Marlton’s Managing Member, James C. Elbaor says this DCG action is “a more constructive approach to alleviating the dramatic discount between the market price of GBTC…

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Bitcoin: Or How We Became Gods

The limitations of physical reality are what make certain creations divine. Bitcoin reflects these properties in the digital realm. If Bitcoin were a mechanical watch, the fee market (not the free market) would be the mechanism making everything tick. This is where everything starts and ends. This is where censorship resistance comes from and where the precious resource of block space gets priced into energy consumption. The Bitcoin fee market is the first man-made free market that ever existed. In a free market: No third party can intervene in pricing…

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Blockchain-Based Gaming Illuvium (ILV) Token Is Now Listed on Bitcoin.com Exchange

PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of ILV, being available to trade on the 3rd May 2021 at 15:00 UTC. ILV was created by the Illuvium team, as the token to reward players in their open-world RPG adventure game built on the Ethereum Blockchain. ILV will start trading with USDT and BTC pairs. What is Illuvium? Illuvium is an open-world fantasy battle game built entirely on top of the Ethereum blockchain. It’s often referred to as the first actual AAA game on Ethereum. The world of…

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Fidelity Investments Launches Crypto Analytics Platform Sherlock for Institutional Investors

The American multinational financial services corporation based in Boston, Massachusetts, Fidelity Investments has announced the introduction of a new comprehensive data and deep analytics solution for digital assets. The new product is called Sherlock and it’s meant for institutional clients so they can streamline “fundamental and technical data” tied to cryptocurrencies. Fidelity Investments Introduces Crypto Analytics and Tools Platform Called Sherlock The data and analytics space tethered to the cryptocurrency world is exceptionally hot right now, as firms like Skew, Glassnode, Messari, Dune Analytics, Cryptoquant, and others have been turning…

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DCG Authorizes $750 Million In GBTC Purchases As Discount Persists

Grayscale’s parent company authorized up to $750 million in GBTC purchases as the trust’s shares continue to trade at a discount to NAV. Earlier today, Digital Currency Group, the parent company of Grayscale Investments, announced that it had authorized up to an additional $750 million worth of the Grayscale Bitcoin Trust (GBTC) to be purchased by the company. This is an increase of $500 million compared to an authorization by DCG announced last month. As of April 30, the parent company has purchased $193.5 million worth of GBTC shares, in…

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Genesis Global Trading’s Q1 Report Shows Growth In Bitcoin Markets

Genesis Report Shows Bitcoin Market Growth On April 28, Genesis Global Trading, Inc., a subsidiary of Digital Currency Group, released its digital assets report for the first quarter of 2021. Genesis provides institutional clients with spot and derivatives trading, lending, custody and treasury and prime brokerage service products, so the report was full of interesting insights that showed the explosive growth in the bitcoin lending market that has taken place so far this year. Growth In Bitcoin Lending According to the report, Genesis saw: $60 billion in trades, loans and…

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