On the 15th of June, several companies providing crypto wallets – as well as the cybersec firm responsible for finding exploits – announced the existence and subsequent patching of a security issue affecting browser extension-based wallets. The vulnerability, codenamed “Demonic,” was discovered by security researchers at Halborn, who approached affected companies last year. They have...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)Sometimes you just want to experience pain to remind yourself that you still exist. Maybe that is why I thought...Read More
Over the past seven days, crypto markets have plunged a whopping 24%, shedding $320 billion from total market capitalization. That figure, which encompasses all cryptocurrencies, fell to an 18-month low beneath $900 billion this week, marking a 70% drawdown since November. The massive sell-off has paused a little today as markets recaptured that $900 billion...Read More
Chris Philp – digital minister of the United Kingdom – revealed that the Johnson administration plans to turn the country into a “global crypto hub” while reiterating a cautious stance regarding the potential crimes within the digital asset space. In a radio interview with Bloomberg on Wednesday, the minister stated that the government would push...Read More
Is Elon Musk’s promotion of Dogecoin coming back to bite him? The billionaire and his companies are now being sued for $258 billion for engaging in a so-called “crypto pyramid scheme” by way of the meme coin. Sued for Memes? As reported by the New York Post, the federal lawsuit was filed in Lower Manhattan...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – urged people to understand bitcoin’s “disruptive power to bring long-term prosperity.” In his view, the primary cryptocurrency could serve as a lifeboat during the turbulent economic times nowadays. ‘Understanding Bitcoin is Crucial’ In April this year, the Central African Republic made the headlines becoming...Read More
Changpeng Zhao – CEO of Binance, the world’s largest crypto exchange – has reaffirmed his support for Elon Musk’s plan to buy out Twitter. He also went deep on Binance’s current financial position, explaining that the exchange is more than prepared for the bear market. ‘If He’s Off, We’re Off’ In an interview with Bloomberg...Read More
FTX CEO Sam Bankman-Fried (SBF) issued another statement on Thursday regarding his opinion on Bitcoin’s scaling potential. He believes the network itself is not designed to handle massive volumes, but that various neighboring technologies can help Bitcoin – as an asset – be used for global trade. Asset Can Scale, Network Cannot As tweeted by...Read More
TRON DAO Reserve is prepared to withdraw another 3 billion TRX tokens from a centralized exchange and a decentralized finance (DeFi) lending protocol as part of efforts to prevent a similar occurrence of Terra’s UST collapse. The foundation made the announcement in a tweet on Thursday (June 16, 2022). However, the DAO did not name...Read More
[PRESS RELEASE – Please Read Disclaimer] For the users of the BetFury iGaming platform users and proud BFG holders, it is hard to imagine that a year has already passed since BFG token became a tradable asset! Today, on June 16, the team celebrates the anniversary of this magnificent event. Get a pleasure to share...Read More
The crypto market had a brief jump as Ethereum (ETH) and other key cryptocurrencies surged to move signaling green. Bitcoin (BTC) increased significantly, still it is trading much behind its historic level of $69,000 set in November 2021. There is visible relief in the cryptocurrency market, as the wider crypto market value has regained 4.96%...Read More
BitMEX and Bitcoin Magazine today announced a wide-ranging partnership that brings the companies, two of the most trusted and established in the bitcoin space, together to offer the best Bitcoin-focused insight to the crypto community. The partnership, which lasts through this year, will see BitMEX become the official sponsor of Bitcoin Magazine PRO, including its...Read More
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago...Read More
There is a distinct history and user base for every alternative cryptocurrency, or “altcoin.” Despite the abundance of alternative cryptocurrencies, not all of them are worthwhile investments. This could lead to a big price increase in the long run, as some may prove useful and desirable for a wide range of tasks. However, some of...Read More
In the latest example of global authorities going after Terraform Labs, the organization’s co-founder, Do Kwon, will reportedly be investigated for tax evasion in South Korea. According to local reports, prosecutors carried out a search and seizure from the Seoul Regional Tax Office and were able to secure data from a special investigation by the...Read More
[PRESS RELEASE – Wilmington, Delaware, 15th June 2022] At the recent Consensus 2022 Conference, The Blockchain Middleware Provider Announced The Launch Of A Metaverse Virtual World, A New Play-to-earn Baseball Game And An Update On PlayDapp – IPX Partnership. [embedded content] After two years of running online, Consensus 2022, the world’s largest blockchain conference, finally...Read More
[PRESS RELEASE – Victoria, Seychelles, 15th June 2022] AAX, the institutional-grade cryptocurrency exchange, is kicking off “Crypto Summer” with fun-filled crypto trading events that aim to disperse the doom and gloom of the emerging “crypto winter” with the prospect of some tantalizing rewards. The wider cryptocurrency market has been in a tailspin lately as the...Read More
Michael Saylor – CEO and founder of the largest corporate BTC holder MicroStrategy – reiterated his bullish stance on the company’s bitcoin strategy and, once again, shook off the rumor regarding a margin call hitting some of the firm’s holdings. Saylor restated his commitment to continue purchasing bitcoin as well. On the Bitcoin Strategy Despite...Read More
Legislation to prohibit payments using crypto-assets sponsored by the Financial Markets Committee of the State Duma Anatoly Aksakov has passed through the first reading. Inconsistencies in the Bill According to a report by the state media, the official document recommends an obligation for digital asset exchanges, referred to as “DFA exchange operators,” to decline transactions...Read More
Since the deep slump of algorithmic stablecoin UST, Terra, a public chain built around UST, suffered a crisis of immense proportions whose effects reverberated throughout the entire crypto market. Trust in cryptocurrency, already shaky due to bearish market conditions, continued on a steep downward spiral, with the price of mainstream assets such as Bitcoin and...Read More
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST but is tethered to TRX....Read More
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed. Background Celsius Network is a blockchain-based lending platform accessible through a free mobile app. Celsius Network is a...Read More
Bitcoin and the cryptocurrency market’s downturn have left industry experts anticipating an extended winter. But Polygon co-founder Sandeep Nailwal believes the big picture for Web 3 remains bullish. The exec asserted that the correction has more to do with “macro” than any fundamental weaknesses in the Web 3 sector. What’s Next? In the latest Twitter...Read More
The recent bearish trend of the crypto market has brought with it an unprecedented wave of unemployment in the crypto industry, causing financial regulators to step up and absorb as many of those out of work as possible. On June 14, The Financial Industry Regulatory Authority (FINRA) of the United States announced plans to increase...Read More
