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From neglecting security to bad tokenomics, DeFi has played a hand in its own decline
12.10.2022
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market's decline
Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks
12.10.2022
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals...
Coin Center files lawsuit against US Treasury over Tornado Cash sanctions
12.10.2022
The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.”
Financial Stability Board Lays Out G20 Crypto and Stablecoin Plans
12.10.2022
The Financial Stability Board (FSB), an international advisory body created by the G20, has laid out its recommendations for crypto regulation, and said most existing stablecoins are not in compliance.
FSB’s recommendations for crypto and stablecoin regulation were first endorsed by the G20 –...
Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
12.10.2022
Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13
Custodia Bank founder Caitlin Long has some strong words about the Fed and BNY Mellon
12.10.2022
The head of the Wyoming-based bank was taken aback when BNY Mellon was approved to provide crypto custody services; her bank’s master account application is still not processed
Senator Warren leads the charge against energy consumption claims on Texas crypto miners
12.10.2022
According to a letter penned by seven U.S. lawmakers, ERCOT was "intimately connected" with the growth of crypto mining in Texas
NFTs create a more frictionless experience for collectors, says RTFKT co-founder
12.10.2022
Cointelegraph spoke with Steven Vasilev, the co-founder of RTFKT to learn more about how NFCs and NFTs can be used together to create better user experiences
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
12.10.2022
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token...
Crypto.com invests $145M in new European headquarters
12.10.2022
The Singapore-based crypto exchange announced Paris, France as its regional headquarters after receiving its French Digital Asset Service Provider license in September
Bankman-Fried: Rescue market is drying up, and we’re all to blame for its existence
12.10.2022
The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry
Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher
12.10.2022
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT)...
Terra Luna Classic Price Prediction as Binance Burns $916,000 Worth of LUNC
12.10.2022
Terra Classic remains one of the most traded cryptos in the space as it attracted more than $450 million in volume in the last 24hrs.
The news comes after Binance revealed its latest burn efforts saw nearly 3 billion LUNC permanently erased from the supply, equal to nearly $1 million.
In late...
Crypto News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
12.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
BTC price wobbles on US PPI as Bitcoin futures open interest hits peak
12.10.2022
Bitcoin-denominated futures open interest hits 660,000 BTC despite volatility remaining comparatively flat
How Bitcoin and Crypto Prices Will React to FOMC Minutes, CPI Inflation – is the Market Bottom Near?
12.10.2022
Bitcoin, and crypto prices more generally, have been treading water this week, but that could change from today as producer price index (PPI) inflation data and FOMC minutes are released.
First up to disturb the market from its slumber is the US PPI data, a measure of inflation at the factory...
Greg Foss says Bitcoin is a hedge against monetary inflation: Bitcoin Amsterdam
12.10.2022
As global inflation rumors continue to circulate, debates rage on both inside and outside of the decentralized finance space on whether Bitcoin is the answer
Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit
12.10.2022
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low...
The Hideaways (HDWY), Ethernity (ERN), and Neblio (NEBL) Leads Market Performers
12.10.2022
It was another red cryptocurrency day. Top coins, Bitcoin (BTC) and Ethereum (ETH), stay in their danger zones while XRP sheds all gains made in the previous day. Etherenity (ERN) and Neblio (NEBL) are among the few tokens traded in the positive zone. The same day, The Hideaways (HDWY) is set...
Employee Who Stole $2.8m from Company to Buy Crypto Gets 5-year Jail Term
12.10.2022
A South Korean company employee whole stole over $2.8 million worth of his firm’s money to buy crypto has been handed a five-year prison sentence....
Read More: Employee Who Stole $2.8m from Company to Buy Crypto Gets 5-year Jail Term