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  Posted by u/ one year ago

SEC asked Coinbase to delist altcoins, trade only Bitcoin before lawsuit: report

The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to only list Bitcoin. Coinbase CEO Brian Armstrong says the pressure left it no choice but to fight it out in court. SEC chair Gary Gensler has previously noted that almost every other cryptocurrency was a security. Coinbase CEO Brian Armstrong has revealed that the […]

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  Posted by u/ one year ago

Binance becomes first exchange to secure operational MVP license in Dubai

Binance announced on Monday it had received the Operational Minimum Viable Product (MVP) license issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The exchange secured the landmark license via its subsidiary Binance FZE. Binance will now offer cryptocurrency exchange services to qualified institutional and retail customers. Binance has become the first cryptocurrency exchange to secure […]

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  Posted by u/ one year ago

Cardano network boost as Mithril protocol goes live on mainnet

Cardano’s network will benefit from more efficiency and fast bootstrap after Mithril went live on mainnet. ADA price was flat, but could benefit from new bullish momentum across the market. Cardano has achieved another milestone with the mainnet launch of the highly anticipated Mithril upgrade. On July 30, an announcement by Cardano stake pool operator […]

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  Posted by u/ one year ago

Bitcoin volatility at three-year low as crypto markets lull

Key Takeaways Crypto volatility has been dropping all year, with Bitcoin’s volatility now at three-year lows Volume is also dropping, as the calm markets are not welcomed by traders Despite downward-trending volatility, crypto remains highly volatile when compared to other asset classes Crypto markets are known for violent volatility, capable of both spiking and collapsing […]

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  Posted by u/ one year ago

Hex founder charged with offering unregistered securities offering

Richard Heart was charged with allegedly raising over $1B through unregistered securities offerings. The SEC also charged PulseChain, PulseX, and Hex, alongside Richard Heart. In addition, Heart and PulseChain have also been charged for using part of the offering proceeds to buy luxury goods. The US Securities and Exchanges Commission (SEC) has charged the founder […]

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  Posted by u/ one year ago

Tether?s excess reserves rose to $3.3B in Q2: report

Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities was roughly $83.17 billion, while exposure to US Treasuries totaled $72.5 billion. Tether Holdings Limited, the company behind the USDT stablecoin, saw its reserve assets […]

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  Posted by u/ one year ago

BALD price nosedives 90% as deployer removes ETH liquidity

BALD price down nearly 90% as sell-off pressure mounts Data shows prices plummeted as meme coin’s deployer removed all ETH liquidity. Bald is a token recently launched on Ethereum layer-2 blockchain Base. Bald (BALD), a recently launched meme coin that went live on the Base blockchain, plunged on Monday as sell-off pressure mounted. As CoinJournal […]

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  Posted by u/ one year ago

Chainlink price prediction: Here?s what top analyst says about LINK

Chainlink (LINK) traded to highs of $8.44 before retreating amid broader market uncertainty. A top crypto analyst says LINK seeing a weekly close below the macro downtrend line portends fresh losses.  The “Macro Breakout is postponed” the analyst noted on Monday.  Chainlink posted an impressive run in the week of July 13-21, notching a +20% […]

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  Posted by u/ one year ago

Curve Finance Drained of $50M While CRV Token Sinks 12% in Latest DeFi Exploit

Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit with more than $100 million worth of cryptocurrency at risk due to a ?re-entrancy? bug in Vyper, a programming language used to power parts of the Curve system.

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  Posted by u/ one year ago

Bitcoin Teeters Around $29.2K as Crypto Markets Slide Amid Curve Exploit

BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.

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  Posted by u/ one year ago

Crypto Futures Show Bias for Uniswap's UNI Token After Curve Finance Exploit

UNI perpetual futures trade at 20% premium as traders expect Uniswap to gain even more market share after the CRV exploit, one research head said.

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  Posted by u/ one year ago

Binance Wins Operational License in Dubai

Binance, the world's largest cryptocurrency exchange, has won a licence to operate in Dubai after meeting pre-conditions set since receiving a preparatory licence in September 2022.

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  Posted by u/ one year ago

Upbit Halts CRV Withdrawal and Deposit After Curve Finance Exploit

Other exchanges say they are monitoring the situation closely but have not taken any action.

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  Posted by u/ one year ago

Binance's Activities Are Illegal in Nigeria, Securities Regulator Says

The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors.

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  Posted by u/ one year ago

Trader Turns $500 to Million-Dollar Fortune With BALD Meme Coin on Coinbase?s Blockchain

A meme coin frenzy has ensued on Coinbase?s layer 2 blockchain even as the network is not officially live yet.

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  Posted by u/ one year ago

Curve Finance's Token Surges 500% on Bithumb After Major Exploit

The CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.

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  Posted by u/ one year ago

HSBC-Owned Hang Seng Bank Limits Crypto Companies to ?Simple? Accounts: Report

The report comes as Hong Kong?s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

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  Posted by u/ one year ago

Fantasy-Sports Firm Sorare Looks to Increase Appeal by Diluting Crypto Association

While Sorare has over 5 million registered users, it is looking to fuel further growth by adding support for the U.S. dollar, euro and British pound.

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  Posted by u/ one year ago

Crypto Catalysts: Jobs Data to Highlight the Week?s Macro Releases

Among other reports, investors will be eyeing ADP?s private sector jobs total, which last month, soared beyond expectations, a concern for central bankers and other inflation watchers.

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  Posted by u/ one year ago

Bullish MicroStrategy Analysts Raise Price Targets Ahead of Q2 Earnings

Analysts are bullish on software company MicroStrategy (MSTR), which reports earnings for the second quarter after the market close on Tuesday, and it?s all thanks to the many bitcoin (BTC) it holds.

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  Posted by u/ one year ago

Crypto Firms Raised $129M Last Week, Led by Flashbots

The startup, focused on maximal extractable value (MEV) in blockchain transactions, raised $60 million in funding.

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  Posted by u/ one year ago

First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at Risk

The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ one year ago

BALD Token Plunges 90% as Developer Pulls Liquidity

BALD launched a little over 24 hours ago and has attracted massive hype - and millions in capital - to Base blockchain.

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  Posted by u/ one year ago

Celo Proposal to Migrate to Ethereum Layer 2 Passes

The change seeks to simplify liquidity sharing between Celo and Ethereum while boosting security.

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  Posted by u/ one year ago

Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023

Some $52 million of assets were siphoned from Curve Finance just this weekend.

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  Posted by u/ one year ago

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

Jeju, Busan and Incheon are in the running to be considered.

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  Posted by u/ one year ago

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings.

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  Posted by u/ one year ago

Ribbon Finance Settles First On-Chain Ether 'Autocallable' With Marex and MEV Capital

The onchain execution of structured products promises transparency to investors and eliminates counterparty risks.

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  Posted by u/ one year ago

Larry Fink Got 'Orange-Pilled', Says Galaxy Digital's Mike Novogratz: Bloomberg

Galaxy Digital CEO Mike Novogratz said Fink is "the most important thing that happened this year in bitcoin."

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  Posted by u/ one year ago

Barbie's Margot Robbie Has a Take on Bitcoin, Says It's a Ken Thing

MicroStrategy's Michael Saylor took the connection a bit further, tweeting that "Bitcoin is Big Ken Energy."

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  Posted by u/ one year ago

Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter

The company said its operational profits exceeded $1 billion in Q2 this year.

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  Posted by u/ one year ago

NFT Now Cuts Jobs in Restructuring Move

Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had ?over-hired.? Meanwhile, another founder of NFT Now?s Twitter was hacked over the weekend.

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  Posted by u/ one year ago

Tiny Bitcoin ATM Firm Plans to Fight Giant Swiss Regulator in David vs Goliath Battle

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  Posted by u/ one year ago

Coinbase?s New Base Blockchain Gobbled Up $68M in Ether, and It?s Not Even Officially Live Yet

Meme coin BALD?s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge.

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  Posted by u/ one year ago

DYdX Proposal to Slash Token Issuance Wins Early Support

In theory, this could boost the price of DYDX, based on the basics of supply and demand.

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  Posted by u/ one year ago

Pass the Stablecoin Bill Now

The choice isn?t stablecoins vs no stablecoins. It?s between regulated products with low fees that protect consumers, and offshore assets with low transparency and no oversight, says Austin Campbell.

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  Posted by u/ one year ago

DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon

Digital Currency Group comments on the restructuring in an investor letter.

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  Posted by u/ one year ago

After the Curve Attack: What's Next for DeFi?

The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.

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  Posted by u/ one year ago

Digital Currency Group Appoints Mark Shifke as Chief Financial Officer

Shifke fills the gap left when Michael Kraines stepped down as CFO in April.

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  Posted by u/ one year ago

Curve Debacle Triggers Transaction Frenzy, Sending Ethereum ?MEV? Rewards to Record High

On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day.

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  Posted by u/ one year ago

Bitcoin Taught Me a Valuable Lesson at Austin?s Airport

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  Posted by u/ one year ago

As Litecoin Halving Approaches, Founder Touts Silver Collector Cards Loaded With 'Digital Silver'

Litecoin?s third ?halving event? ? a programmed 50% reduction in the pace of new issuance of the cryptocurrency ? is expected on Wednesday.

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  Posted by u/ one year ago

DeSantis Accuses Biden of 'War on Bitcoin,' Vows to Stop It if Elected President

Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration for its ?war? on bitcoin and cryptocurrencies and said that he will end it should he become President.

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  Posted by u/ one year ago

Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit

A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission.

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  Posted by u/ one year ago

Yuga Labs Acquiring Roar Studios to Accelerate 'Bold Vision' for Otherside

The Roar team will "contribute their innovative technology, specialized expertise and leadership" to Yuga Labs as it continues its ambitious growth plans for Otherside.

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  Posted by u/ one year ago

Curve Founder?s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole

Curve CEO Michael Egorov pledged 34% of CRV?s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.

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  Posted by u/ one year ago

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS).

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  Posted by u/ one year ago

Nomura Backs $6M Round for On-Chain Fund Platform Solv Protocol

The Singapore-based startup offers an on-chain fund platform that allows institutions and venture capitalists to create, use and sell financial products.

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  Posted by u/ one year ago

Bitcoin Lingers Near $29.2K, as Investors Mull Latest Industry Woes; CRV Sinks 12.5%

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  Posted by u/ one year ago

Etihad Airways 'Horizon Club' Web3 Loyalty Program Will Let You Stake NFTs for Miles

Holders of its EY-ZERO1 NFT collection will be able to lock up their assets to earn Etihad miles that can be redeeed on real-world flights and upgrades.

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