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Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline
9.5.2023
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against...
Heavyweight Hedge Fund Arca Joins Activist Fight Against DAO Builder Aragon
9.5.2023
The crypto investment fund sent a letter demanding Aragon conduct buybacks of its ANT token
There's No Such Thing as High Fees on Bitcoin
9.5.2023
Bitcoin’s BRC-20 debate is a re-run of the 2015-17 blocksize wars, except this time some of the combatants have changed sides, says Nic Carter
Ex-Coinbase Product Manager Sentenced to 2 Years in Prison for Insider Trading
9.5.2023
A former Coinbase employee was sentenced to two years in prison on Tuesday weeks after pleading guilty to insider trading charges, according to a report from Reuters
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
9.5.2023
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
9.5.2023
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their...
Crypto Media Outlet Blockworks Raises $12M at $135M Valuation
9.5.2023
The 10T Holdings-led round had a $135 million post-money valuation
DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers
9.5.2023
The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer
Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar
9.5.2023
Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem
Xapo Bank to Enable Tether Deposits, Withdrawals
9.5.2023
The crypto-friendly bank announced earlier in the year support for USDC services
CoinDesk Turns 10: How The DAO Hack Changed Ethereum and Crypto
9.5.2023
The $60 million hack in 2016 led to a controversial revision of the blockchain, and was a factor leading to the ICO boom starting the following year, argues David Z Morris. This feature is part of our “CoinDesk Turns 10” series
Crypto Security Firm Dfns Adds Biometric Support to Wallet Development Toolkit
9.5.2023
The addition will allow wallet developers to incorporate Face ID, fingerprints, and other convenient authentication methods into their products
Why Author Brady Dale Is 'Drowning' in Sam Bankman-Fried
9.5.2023
Before his business collapsed, FTX founder Sam Bankman-Fried built one of the cryptocurrency industry's largest exchanges and personal brands by dazzling the media, public and politicians. Axios reporter Brady Dale argues SBF's addiction to fame led to his notoriety
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
9.5.2023
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s...
NFT Project Pudgy Penguins Raises $9M
9.5.2023
The fundraise comes after a leadership change that led to an increased focus on utilizing the intellectual property
DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
9.5.2023
The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments
Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some User, EY Says
9.5.2023
EY will make the procedure to file the claims public in the coming weeks
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
9.5.2023
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year
Visit 1inch at Lisbon Events starting May 11, 2023
9.5.2023
1inch, a capital-efficient DeFi protocol, has announced that it will make the Lisbon event interesting in multiple ways. Per the announcement, their co-founder will be addressing the opening note of the event on May 11, 2023, at 9 a.m. local time. Sergej Kunz will also be a part of Beyond 4337...
Galaxy Digital Posts $134M First-Quarter Profit on Strong Showing for Crypto Market
9.5.2023
The figure compares with a net losses of $111.7 million in the year-earlier period and $288 million in the fourth quarter