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Cryptocurrency and Blockchain News Headlines Update on August 28, 2020

Crypto International reportedly dismissing 70 employees after Crypto AG stands accused of allowing the United States Central Intelligence Agency and German secret service backdoor access to compromised encryption devices in February. Read more at > Crypto International confirms mass job losses

SBI Holdings Preparing to launch contract-for-difference (CFD) trading service via SBI FX Trade for major cryptocurrencies including Bitcoin (BTC), Ether (ETH), and XRP, starting from August 31, 2020. Read more at SBI Holdings News > 暗号資産CFD取引サービス開始のお知らせ

Polkadot’s (DOT) pseudo-test network or ‘canary chain’, Kusama (KSM) has tripled in price this month, from less than $10 to an all-time high of $35. Partnership with Robonomics to develop ‘Kusama on Mars’ project which capable of relaying data between Mars and Earth.

Bill Drummond launched BOA on August 25, 2020, a new Ethereum whale’s Uniswap token briefly hit $100K, the actual market cap of the token would remain below $5 million.

The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, but only six projects represent more than 90% of the capital locked in the sector. If the current rate of growth continues, DeFi will be worth more than $27 billion by the end of 2020.

Telegram Messenger Inc has voluntarily dropped a lawsuit against Lantah LLC over the “GRAM” trademark but must now repay the defendant’s legal costs. Read more in Bloomberg Law > Telegram Drops Crypto Trademark Case After SEC Settlement

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