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More Crypto Meltdowns Could Be Seen This Summer, but the Worst Is Behind Us - Pantera's Morehead
30.6.2022
The crypto market will probably see “a few more” meltdowns similar to what happened with the Terra (LUNA) ecosystem and crypto hedge fund Three Arrows Capital, argues Pantera Capital CEO Dan Morehead. However, according to him, the majority of the contagion from current meltdowns has already been...
Polkadot Unveils Governance V2 to Become More Decentralized and Censorship-Resistant
29.6.2022
Blockchain protocol Polkadot (DOT) has announced changes to its governance mechanism in a bid to become more decentralized and censorship-resistant.
Dubbed Gov2, the new governance system aims to migrate the responsibilities of the Council, an elected body of on-chain accounts that are intended...
Bitcoin and Ethereum Move Lower, Altcoins Increase Losses
29.6.2022
Bitcoin price broke the USD 20,500 support and tested USD 20,000. It is currently (11:52 UTC) showing bearish signs near USD 20,100 and is down almost 5% in a day and 3% in a week.
Similarly, most major altcoins are moving lower. ETH is down 9% and trading below USD 1,150. XRP is approaching...
FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’ and Unlikely to Be ‘Saved’
29.6.2022
Sam Bankman-Fried, the Founder of the crypto trading platform FTX, has warned that more crypto exchange failures “are coming,” and has stated: “There are some third-tier exchanges that are already secretly insolvent.”...
Read More: FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’...
CoinFLEX CEO Says Roger Ver Owes Them USDC 47M, Ver Denies the Claim
29.6.2022
Mark Lamb, CEO of crypto derivatives exchange and yield platform CoinFLEX, has revealed that the "high integrity" individual whose account went into negative equity during recent market volatility is the Bitcoin Cash (BCH) proponent Roger Ver.
The revelation came after Ver, who is also referred...
Vitalik Buterin Recalls Old Joke About EOS as the Team Claims They are 'Making a Comeback'
28.6.2022
Ethereum (ETH) co-founder Vitalik Buterin has tweeted that EOS, a once-popular blockchain project, stands for “Ethereum on Steroids,” recalling an old joke within the crypto community.
The Ethereum mastermind praised the project, saying that the core team learned from "Ethereum's amateurish...
Bitcoin and Ethereum Relatively Muted, APE and BTT Rally
28.6.2022
After declining below the USD 21,000 level, BTC stayed above the USD 20,500 support zone and managed to surpass USD 21,000 again. It is currently (11:47 UTC) trading in a range near USD 21,000 and is down almost 2% in a day and up 2% in a week....
Read More: Bitcoin and Ethereum Relatively...
Tether is Fully Backed, Has ‘Never Failed a Redemption,’ CTO Tells Short Sellers
28.6.2022
Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD’ (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said....
Read More: Tether...
CoinFLEX's USD 47M Recovery Token Plan Questioned by Crypto Observers
28.6.2022
Crypto derivatives exchange and yield platform CoinFLEX aims to turn the debt of a "high integrity" individual into a token called Recovery Value USD (rvUSD) in order to fund other customers' withdrawals. Not everyone is impressed with these plans.
The exchange will issue rvUSD 47m at a price...
Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules
28.6.2022
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.
According to Newsis, an individual named only as 'B' for legal reasons claimed they had been the victim of...
Crypto Listing and Delisting Announcements: Week 26
27.6.2022
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Mike Novogratz Now Admits That Terra's Model Was Unsustainable
27.6.2022
Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable....
Anonymous Pledges to Reveal 'Do Kwon’s Entire History' Since He Entered Crypto
27.6.2022
Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes.
A video purportedly coming from the hacker group said that,
“Anonymous is looking into Do Kwon’s entire history since...
ONE Keeps Trending Lower while Harmony Offers Hacker USD 1M in Bounty for Return of Funds
27.6.2022
The team behind the layer-1 blockchain Harmony (ONE) has offered the Horizon Bridge hacker USD 1m in bounty for the return of some USD 100m in stolen funds.
"We commit to a [USD] 1M bounty for the return of Horizon bridge funds and sharing exploit information," Harmony said in a Twitter post...
Lending Tokens See Broad Declines in June, But One Altcoin Stands Out
24.6.2022
Lending and borrowing in the crypto space are facing scrutiny, with many blaming just that activity for the latest crypto market sell-off. But how have the tokens in this category really performed during the market rout?
We took a look to find out.
The list contains tokens in the Lending...
Here's What Cardano's Hoskinson Told Congressmen
24.6.2022
US lawmakers should create a regulatory framework for the crypto industry, but ensuring compliance ought to be delegated to industry players with the use of relevant software, according to Charles Hoskinson, co-founder of the Cardano (ADA) platform and CEO of blockchain consultancy and research...
Solana Labs, Smartphone Maker Osom Team up to Unveil Web3-ready Handset
24.6.2022
Solana Labs, the firm behind the Solana (SOL) blockchain, says it will launch an Android mobile phone for the Solana network – and aims to ship the device to customers as early as next year.
The device will be called Saga and should feature crypto wallet functions, as well as a mobile software...
Popular Meme Coin Dogecoin Used in 'Most Serious' Crimes
23.6.2022
Dogecoin (DOGE), the world's largest meme coin in terms of market capitalization, is being used by illicit actors in the "most serious types of crime," according to a recent report from blockchain analytics firm Elliptic.
The report states that as dogecoin gained popularity as a means...
Do Kwon Says He’s No Fraudster and Has ‘Great Confidence’ in Terra 2.0
23.6.2022
Do Kwon, the co-founder of Terraform Labs has spoken out about the Terra 2.0 network, which was launched in the wake of last month’s devastating luna classic (LUNAC) and terraUSD (UST) crash.
Speaking to the Wall Street Journal, Kown said he had “great confidence” in his team’s “ability...
Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become ‘Cryptoasset Hub’
22.6.2022
The stablecoin issuer Tether, known as the company behind the world’s largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound.
The pound-pegged coin is called GBP₮ (GBPT), and will initially live on the Ethereum (ETH) blockchain, Tether’s...