Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
Binance also had a busy week, notably for their smart contracts release speculatively out to get Ethereum, while launching apps to take over payments in Africa, and let's not forget the CMC acquisition.
There have been some new exciting features added to the Copper Platform and Copper Unlimited over the last week as well: Clients can now choose what level of blockchain fee to apply to withdrawals; we’ve introduced an optional feature that restricts whitelisted addresses if the account AUM falls below a certain point; and an option to hide wallets with a zero balance. There are two new reporting features, and support has been added for EOS and XDC tokens. Finally, this is a reminder to all our existing clients that wallets will now be upgraded to multi-party computation. You can read more about our move MPC here. To say our developers have been busy would be an understatement!
Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.
The attack on the Chinese DeFi platform, DForce, took a surprising turn as the hacker returned the funds two days later. According to data visible on the Ethereum blockchain, the transactions included some extremely large amounts
Prior to the attack, DForce was ranked among the top 10 DeFi projects. It recently raised $1.5 million in a seed round, gaining funds from Multicoin Capital, Huobi Capital and CMB International
The US Securities and Exchange (SEC) Commission has filed suit against against Dropil and its founders in a federal California court for allegedly hosting a fraudulent initial coin offering (ICO). Dropil’s founders said they raised $54 million from 34,000 global investors, while the complaint alleges they actually raised only a fraction of that: $1.8 million from 2,472 investors
Last year, the Commission ordered Blockchain Company to pay a penalty of $24 million for conducting unregistered ICO
Reports from the past week indicate unmistakable signals that institutional investors are taking advantage of the coronavirus-triggered market turbulence to increase their exposure to cryptocurrencies
Grayscale, the world’s largest bitcoin investment trust, last week published its Q1 Digital Asset Investment Report. According to the asset manager, even with the cryptocurrency markets free falling in March, demand for crypto investments remains high. Impressively, its ten funds now hold 1.2% of all crypto in circulation and 1.7% of Bitcoin in the world
Price Analysis: Weekend consolidation above $7,500 yields as gains extend to $7,800 on Monday during the Asian session.
Bitcoin miner maker Ebang files for a $100M US IPO.
Twitter’s Jack Dorsey: Bitcoin is poised to become the next world’s reserve currency.
Price analysis: Still poised for more bullish action in spite of the rejection at $200 especially with the MACD in the positive area.
Ethereum smart contracts up 75% to almost 2M in March.
Italy’s leading wire service is using Ethereum to thwart copycats.
Price Analysis: Consolidation above $0.19 support has assisted in keeping the bulls in control even as focus shifts to levels above $0.20.
Ripple executive says institutional trading boosting XRP behind the scenes, with Cryptocurrency exchange Bitso taking the lead.
XRP giveaway scams may have stolen over $1.5 Million.
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