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G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

12.7.2022
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October...

Survey: Investors Expect Bitcoin’s Price to Fall to $10,000

12.7.2022
A new survey shows that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K. In addition, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless. Investors Believe Bitcoin Could...

GameStop Boss Celebrates NFT Marketplace Days After Laying People Off

12.7.2022
GameStop celebrated the launch of its NFT marketplace on Monday. Its Ethereum-based depot for virtually autographed JPEGs arrived just days after the meme stock giant ruthlessly laid off more employees, and based on my short tour through its website, it’s also still a little broken in places.Read...

100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault

11.7.2022
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance vote that provides “collateral integration from a U.S.-based bank.” The Makerdao governance vote passed by a majority vote of more than 87%, and it allows the U.S. financial...

Athos Finance Enters an IDO/DEX Partnership with StellaSwap

11.7.2022
Athos Finance recently announced a partnership with StellaSwap. The collaboration will revolve around the launch of an IDO and DEX. With the development, Athos Finance is directly hinting towards releasing its native token, $ATH. The collaboration will see both teams working closely to bring their...

Crypto Is Trying Out Traditional Finance’s Failures in Hyperspeed, but It’s Going to Be Fine

10.7.2022
What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

9.7.2022
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will...

Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure

8.7.2022
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive...

Finance Redefined: UK government explores DeFi with a focus on staking and lending

8.7.2022
Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week

Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

8.7.2022
The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space

GameStop Loses Executive, Does More Mass Layoffs Even As Meme Stock Surges

7.7.2022
A ruthless sea change is underway at GameStop. The company’s latest Chief Financial Officer, Mike Recupero, has resigned and another round of mass layoffs is underway at the video game retailer even as its meme stock continues to soar in price. CEO Matt Furlong told staff in an email reviewed...

Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62%

7.7.2022
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92%...

Crema Finance Hacker Takes USD 1.7M in Bounty, Returns USD 8M

7.7.2022
The hacker who exploited Crema Finance, a concentrated liquidity protocol built on the Solana (SOL) blockchain, has reached a compromise with the decentralized finance (DeFi) protocol to return the majority of stolen funds while keeping some as compensation. The team announced today that "after...

Crema Finance Attacker Returns Almost $8M, Keeps $1.7M Bounty

7.7.2022
The protocol had more than $9 million worth of cryptocurrencies stolen from its platform over the weekend in a flash loan attack

Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL

7.7.2022
Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker...