Bacon Protocol launches decentralized mortgage platform
Bacon Protocol on Tuesday launched a decentralized mortgage platform that allows crypto holders direct access to the mortgage investment market via a new stablecoin backed by USD Coin (USDC) and home loans. Bacon also stated on Tuesday that it will perform a public sale of the bHome token, which is characterized as a Stable+ Coin […]
Lightning Network nodes and channels hit new record highs
Lightning Network (LN), Bitcoin’s premier layer-two solution, has seen its node count reach new highs over the past 12 months while the number of channels is up 170% since January. According to the Sept. 27 Week on-Chain report from on-chain analytics firm Glassnode , the number of Lightning Network nodes surged by 160 percent in […]
Alibaba bans crypto miner sales amid China’s cryptocurrency crackdown
In reaction to China’s increasing cryptocurrency crackdown, Chinese e-commerce giant Alibaba is the next corporation to shut down its cryptocurrency-related services. On Oct. 8, Alibaba’s platform will prohibit the sale of cryptocurrency miners and halt categories for blockchain miners and accessories, according to an official announcement. In addition to prohibiting the sale of crypto mining […]
XRP Lawsuit: SEC once again invokes the Deliberative Process Privilege (DPP) to prevent discovery
Based on a privilege log provided by the SEC following the August 31, 2021, telephone call, the SEC filed an opposition to Ripple’s (XRP) letter arguing for the addition of three documents to the in-camera review. As part of the latest development in the XRP lawsuit , the SEC filed an opposition to Ripple’s letter […]
Chinese crypto investors increase their purchases despite recent crackdowns
The People’s Bank of China (PBoC) ruled cryptocurrency transactions unlawful last week, marking yet another significant step forward in the country’s ongoing crackdown on cryptocurrencies. Despite this, local investors appear to be unaffected by the decision, as they continue to put their money on the line. In an interview with Bloomberg, some of the local […]