• Ethereum Classic launches Wrapped ETC
    Alt coins

    What’s the point? Ethereum Classic launches Wrapped ETC

    ETC owners will be able to wrap their cryptocurrency and use it on DeFi protocols based on Ethereum, the same blockchain that it’s meant to rival

    Ethereum Classic Labs has launched Wrapped ETC—becoming the latest blockchain to jump on the decentralized finance bandwagon. It’s hoped that the release of WETC will unlock access to DeFi protocols, which are often to be found on the Ethereum blockchain. Could this lead to a thaw in frosty relations between ETC and ETH devotees, and does this render the classic network rather useless?

  • Bittrex lists 8 defi tokens
    Alt coins

    Bittrex exchange lists 8 DeFi tokens in one day

    The exchange’s CEO expects ‘increased demand and higher trading volumes for DeFi in 2021.’

    Bittrex CEO Tom Albright explained that this year “has seen huge growth in DeFi as an asset class and a number of significant milestones completed.” He believes that as the industry matures more institutional and professional investors will look at its fundamentals and consequently “we are likely to see increased demand and higher trading volumes for DeFi in 2021.”

  • Celsius Network reaches $2.2 billion
    Alt coins,  Cryptocurrencies

    Celsius Network doubles its holdings in six months, reaching $2.2B

    The crypto lending and interest-earning firm believes that its growth proves that “interest income is the new killer app for crypto.”

    Celsius’ asset under management just surpassed $2.2 billion—after the firm reportedly became the first crypto platform to surpass $1 billion in total assets under management earlier this year

  • U.S. seizing $1B Silk Road bitcoin
    Alt coins,  Bitcoin

    U.S. seizing $1B in Bitcoin from Silk Road hacker

    A U.S. Attorney revealed today that the government is behind the Nov. 3 transfer of nearly 70,000 BTC, which it is seizing from the hacker who allegedly stole it from Ross Ulbricht

    In a Nov. 5 filing, the U.S. Department of Justice revealed that it is seizing nearly 70,000 bitcoins and several other cryptocurrencies that were stolen from the infamous Silk Road darknet market. The Nov. 3 transfer gained a lot of attention in the cryptocurrency community, with blockchain intelligence firm CipherTrace speculating that either the wallet’s owner was moving the bitcoins to a more up-to-date wallet address, or that another hacker had cracked the wallet.

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