‘You need to delist every asset other than Bitcoin’ SEC to Coinbase!
The SEC and Coinbase engaged in a regulatory dispute over Coinbase’s trading activities. To prevent a lawsuit, the SEC asked Coinbase to halt trading in all digital assets on its platform, with the exception of Bitcoin (BTC). Brian Armstrong, CEO of Coinbase, disagreed with the SEC’s interpretation and claimed that following it would create an…
Curve Finance’s DeFi platform facing $100M worth of hack attack
According to preliminary assessments, the anticipated losses are now in excess of $42 million, with assets worth $100 million at stake. On Sunday, July 30, Curve Finance, the Ethereum-based second-biggest DEX after Uniswap, was the victim of a massive exploit. The exploit often occurred as a result of a weakness in its programming language Vyper. A total…
Bitcoin Sidechain Mintlayer Has Started a Grant Worth $4 Million to Attract Developers
Mintlayer, a Bitcoin sidechain, has announced the commencement of a $4 million open-source development grants project and the beginning of the application process. The establishment of the awards program is the “first big ecosystem initiative in Mintlayer’s long-term development.” It is intended solely for projects that will directly benefit the Mintlayer ecosystem, followed by the…
Trust Wallet Debuts on Ramp in Collab with MoonPay and the Ramp Network
Trust Wallet, a decentralized crypto wallet service and infrastructure company, has entered into a new relationship with MoonPay and Ramp Network in an effort to bring further utility to its consumers. This was accomplished by signing a new partnership agreement. According to a report published by CoinDesk (1), the collaborations with the two payment firms…
BTG Pactual Is Now Live on Polygon With Its Own Stablecoin ‘BTG Dol’
BTG Pactual, the investment bank Major in Latin America, just recently announced that it would launch its own stablecoin called BTG Dol. The bank has issued an official statement (1) indicating that the stablecoin will operate on the Polygon network and is currently available to customers. The blockchain network that the bank has decided to…
Americans Can Save Billions By Using Crypto, Says Coinbase
A recent analysis published by the American cryptocurrency company Coinbase detailed how the use of cryptocurrencies might help Americans save millions of dollars in remittance expenses. As stated by the cryptocurrency corporation, the disjointed nature of the global financial system presents challenges for citizens of the United States who depend on remittance fees. (1) It…
‘OpenSea Pro’ is the New Next-Gen NFT Aggregator from OpenSea
The Non-Fungible Tokens (NFTs) business has grown to become a crypto sector valued at $2.1 billion, and OpenSea has played an important role in the expansion of its use around the world. OpenSea was established in 2017 and has already facilitated more than $20 billion in NFT volumes from over 2 million collections. In addition,…
Paxful, P2P platform, to Close Shutters
Paxful could be the latest company to be impacted negatively as a result of the truth that the worldwide peer-to-peer (P2P) market is rapidly losing popularity. Paxful CEO Ray Youssef announced in a blog post that the company will immediately begin shutting down its activities, and there is no guarantee that they will ever resume…
Elon Musk Accused of Profiting from the Manipulation of Dogecoin
The most recent Elon Musk & Dogecoin (DOGE) Twitter excitement has directed attention to a mysterious wallet that was formerly responsible for the custody of $24 billion in DOGE. (1) On April 3, the boisterous CEO of Tesla replaced Twitter’s logo with the Dogecoin logo, immediately triggering a bullish jump in cryptocurrency prices. The price…
Bitcoin Miner Marathon Digital Declares Bumber Q1 2023
The American Bitcoin (BTC) mining company Marathon Digital Holdings Inc has published a report for the first quarter that is better than what was predicted. The report states that the company mined a total of 2,195 Bitcoin during the period. According to the most recent report (1) provided by the company, it mined a total…