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US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says

17.8.2023
BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda, South Africa’s BRICS Sherpa stated. The talks in Johannesburg next week will also focus on the expansion of the bloc of emerging economies and the diplomat doesn’t see this as a challenge...

Coinbase futures approval seen as a major win amid the SEC war on crypto

17.8.2023
The recent approval allows Coinbase to join the ranks of major derivative exchanges in the United States, CME, and CBOE

Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme

16.8.2023
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme. The ongoing trial in Pingnan County in the Guangxi autonomous region involves the company's four executives...

DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack

14.8.2023
Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million. The attack is the latest among the list of protocols affected by the recent vulnerability in...

Analyst predicts major liquidation for Ethereum while DigiToads stirs up investor mania

13.8.2023
Nicholas Merten, a well-known cryptocurrency specialist with over 500,000 subscribers to his YouTube channel DataDash, has recently voiced serious worries about Ethereum (ETH). He speculates that a large liquidation event may be imminent, hurting the cryptocurrency’s price. This anxiety stems...

Fireblocks Uncovers 'BitForge' Vulnerabilities Posing Threat to Major MPC Wallets

10.8.2023
Crypto infrastructure company Fireblocks has identified a set of vulnerabilities known as "BitForge" that pose a threat to popular crypto wallets that use multi-party computation (MPC) technology. These vulnerabilities were classified as "zero-day," meaning they were unknown to the developers...

Bitcoin Lightning Network is growing, but 3 major challenges remain

9.8.2023
The Lightning Network is growing, but liquidity issues and a need for greater user awareness continue to hinder mainstream adoption

Blockchain․com Obtains Payment License in Singapore

9.8.2023
Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in...

23 Countries Apply for BRICS Membership as Leaders Prepare to Convene at Summit

9.8.2023
South Africa, the host of the BRICS summit this year, has published a list of 23 countries that have applied to become members of the economic bloc. Moreover, South African President Cyril Ramaphosa has invited 67 leaders and 20 representatives of major organizations to the BRICS summit. French...

Bitstamp to suspend trading of major altcoins for US users

8.8.2023
All the soon-to-be suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...

Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review

6.8.2023
In this week’s news, another major U.S. bank has failed, a Maine senator has appealed to United States president Joe Biden to grant Silk Road creator Ross Ulbricht clemency, a senior U.S. district judge has rejected the approach taken in the SEC v. Ripple ruling regarding XRP, and Robert...

Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority

4.8.2023
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights Back Against SEC’s Crypto Exchange Lawsuit In...

Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds

4.8.2023
New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research. Social Media Bots...

Major Video Game Creator Bandai Namco and Oasys Unveil AI Virtual Pet NFT Game

3.8.2023
Bandai Namco, a Japanese multinational video game creator, has introduced an AI virtual pet NFT game, RYUZO, featuring digital creatures called RYU on the Oasys Network, an eco-friendly gaming blockchain network. Launched on Wednesday, August 2nd, RYUZO was developed in collaboration with...

Wintermute, a Major Trader, Is a Key Player in Arkham’s Controversial Dox-to-Earn Platform

2.8.2023
The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%

Binance Japan to Launch With 34 Listed Cryptocurrencies

2.8.2023
Binance, which is preparing to launch its new Japanese platform in August, will offer users the opportunity to trade 34 coins, local crypto media reported. Besides major cryptocurrencies such as bitcoin and ether, Binance’s own token will also be among the listed digital assets. Binance...