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CoinFLEX's USD 47M Recovery Token Plan Questioned by Crypto Observers


  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 Listing and Delisting Announcements: Week 26


  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


  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....

Lending Tokens See Broad Declines in June, But One Altcoin Stands Out


  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


  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


  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


  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


  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...

Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump


  Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users. According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal...

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