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SEC v. Ripple Case Referred to Magistrate Judge Sarah Netburn, Who Ordered 'Hinman Documents' Release
18.7.2023
Remaining questions in the legal battle between Ripple and the US Securities and Exchange Commission (SEC) have been referred to Magistrate Judge Sarah Netburn, the judge who ordered the release of the so-called ‘Hinman documents.’
Magistrate Judge Netburn will now take care of general pretrial...
Binance Blockchain Week Brings the Best of Web3 to Istanbul
18.7.2023
ISTANBUL – July 18th, 2023 – Binance is excited to announce that its flagship Binance Blockchain Week conference is coming to Istanbul, Turkey on November 8 and 9, 2023. Binance Blockchain Week brings innovative leaders and conversations together to further the development and adoption...
Report: Declining Profit Forces Binance Crypto Exchange to Scale Back Employee Benefits – Is The Bear Market Back?
18.7.2023
Binance, the world’s largest cryptocurrency exchange, has grown increasingly frugal amid declining profits after boasting that it had prepared a “war chest” last year....
Read More: Report: Declining Profit Forces Binance Crypto Exchange to Scale Back Employee Benefits – Is The Bear Market Back?
12 things blockchain protocols should consider when exploring AI
18.7.2023
Blockchain protocols can’t (and shouldn’t) ignore AI’s potential, but it’s important to implement it with caution and care
Binance Token Faces Growing Pessimism in Crypto Derivatives Market
18.7.2023
Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance’s native coin BNB amid the growing regulatory turmoil.
The open interest-weighted funding rate turned negative on Binance’s BNB coin this weekend, as per Coinglass data.
The negative open...
Polygon Labs Unveils ‘Hyperproductive’ Token POL, Poised to Replace MATIC and Boost Ecosystem Rewards
18.7.2023
Polygon Labs, the team behind the Polygon blockchain network, has introduced a third-generation token that could replace the native cryptocurrency, MATIC, with a “hyperproductive” digital currency named POL. If the POL concept gains approval, validators can earn rewards from staking...
Oasis launches Ethereum-compatible privacy blockchain Sapphire
18.7.2023
The new developer environment aims to drive privacy-first, cross-chain DApp development for the Ethereum ecosystem and smart contract blockchain networks
The introduction of Boojum boosts digital self-ownership
18.7.2023
Boojum is zkSync Era’s latest proof method for radical decentralization and has been upgraded for transporting zkSync Era to STARK boosted proof method. This will offer high-level functions on consumer-grade hardware. Boojum is a Rust-oriented cryptographic library that is utilized for executing...
Analysts Caution Coinbase Faces Significant Regulatory Pressure Despite Ripple's Court Win
18.7.2023
The major US-based crypto exchange Coinbase is still facing pressure from the Securities and Exchange Commission (SEC), despite the recent win in court for Ripple.
According to a new report from investment firm Berenberg Capital, Coinbase’s “Earn” program is now particularly vulnerable...
Republicans and Democrats Collaborate on Stablecoin Legislation in the House
18.7.2023
Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States.
Two senior members of the Financial Services Committee in the U.S. House of Representatives, who drafted the bill to regulate stablecoins, said that Republicans...
July Sees Surge in Bitcoin NFT 'Ordinal' Inscriptions, Approaching 3.6 Million Monthly Mark
18.7.2023
Bitcoin Ordinal inscriptions volume has recorded a significant rise in July, with the month so far seeing nearly 3.6 million of them, pushing the total number to nearly 18 million.
According to Dune Analytics, following a somewhat calmer period in June, the inscriptions volume has jumped again...
Binance Abruptly Terminates Argentine Soccer Association Partnership Citing Contract Breach
18.7.2023
Crypto exchange Binance’s Argentina arm has decided to abruptly call-off its partnership with the Argentine Football Association (AFA), accusing the latter over lack of compliance.
In January 2022, Binance entered into a five-year contract with AFA, the governing body of football in Argentina...
Chainlink launches cross-chain protocol bridging blockchain to TradFi
18.7.2023
Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol
Argentina’s Crypto ‘Awareness’ Hits 75%, Study Finds
18.7.2023
Argentina’s crypto “awareness” levels have risen to 75%, a new study has found, although many citizens say they are still wary of token “volatility.”
Per Criptonoticias, the study was carried out by Bitso, one of the largest and busiest crypto trading platforms in the LATAM region.
The exchange...
Decentralized Finance Sector Consolidates as $44B TVL Fails to Break $50B Barrier
18.7.2023
As of July 17, 2023, the decentralized finance (defi) sector has been witnessing a great deal of consolidation with total value locked (TVL) figures standing at $44.19 billion. Throughout most of the year in 2023, except for a brief period of seven days in April, the TVL in defi has consistently...
Attorney Deaton Predicts Judge Torres' Rejection of SEC Appeal Request
18.7.2023
Speculations and discussions around the Ripple versus SEC lawsuit continue even after the fintech company secured a victory in recently-released summary judgment.
Recent tweets capture a correspondence between CryptoLaw founder John Deaton, Attorney Bill Morgan, and former SEC regional director...
G20 Watchdog Report Highlights Crypto Firms' Nowhere-to-Hide Situation Under Global Rules
18.7.2023
Amid a heightened call for comprehensive digital assets legislation, the G20's Financial Stability Board (FSB), on July 17, published its final recommendations for regulating crypto trading firms. It focuses on issues relating to regulatory supervisory and oversight of crypto assets to help foster...
Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet
18.7.2023
According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX....
Read More: Report: BlockFi's...
Binance CEO Confirms Layoffs, Refutes Exaggerated Figures
17.7.2023
Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.”
“As we continuously strive to increase talent density, there are involuntary terminations,” CZ wrote in a tweet this weekend, while adding “This happens...
Aave's Dollar-Pegged GHO Stablecoin Achieves $2.5M Market Cap within 48 Hours
17.7.2023
In just 48 hours of being launched, Aave's GHO, an algorithmic stablecoin pegged to the United States dollar on the Ethereum network, has already achieved a total minting value of $2.5 million.
On July 15, Aave launched GHO, a decentralized and over-collateralized stablecoin backed by a variety...