COMP, the native token of DeFi lending protocol Compound is down by another 8% today having faced its second exploit in less than a week’s time. This is a bit unfortunate for blue-chip DeFi platforms like Compound as it shakes the trust of investors. On the weekly chart, the COMP price is down by more than 15%.
Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo.
Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well.
Virgin Galactic’s chairman and CEO of Social Capital, Chamath Palihapitiya, says bitcoin has effectively replaced gold. Having predicted that the price of the cryptocurrency would hit $200,000, the executive said bitcoin’s “market cap is just going to grow.”
Over the last year, cryptocurrencies such as Bitcoin and Ethereum have become extremely popular with retail customers, reshaping how investors interact with financial instruments. A new generation of investors have welcomed investing as a tool for financial freedom and, with the rise of access to technology, crypto-markets provide a key step in democratising wealth.
Crypto veteran and Morgan Creek Digital co-founder Anthony Pompliano is naming what he thinks is the biggest risk to Bitcoin (BTC).
Texas, which is one of the biggest beneficiaries of the China mining ban, is set to host its largest Blockchain Summit on October 8. It is possibly the largest summit at the state level in the US.
The sentiment in the crypto markets can change quickly as seen from the Crypto Fear and Greed Index, which has risen from levels of extreme fear on Sept. 30 to neutral today. The sentiment may improve further if Bitcoin (BTC) breaks out and sustains above the psychologically critical level at $50,000.
Verifone (NYSE: PAY), one of the world’s leading payment solution providers, has announced “the extension of BitPay’s blockchain payment technology to enable consumer cryptocurrency payments on Verifone’s in-store and eCommerce Cloud Services platforms in the United States.”
Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto.