Brad Garlinghouse, the CEO of the blockchain payment company that fights the US SEC in court over the status of XRP, believes there’s a lot of positive news in terms of crypto adoption worldwide. He made these comments following the recent crackdown from the Securities and Exchange Commission against Kraken and its crypto staking services....Read More
Decentralized finance (DeFi) protocol dForce has suffered a reentrancy vulnerability attack leading to the loss of $3.6 million worth of crypto assets. The attacker targeted the protocol’s vault on the automated market maker (AMM) platform Curve Finance, which operates on the Arbitrum and Optimism blockchains. dForce Exploited for $3.65M The hack was first flagged by...Read More
Following the Securities and Exchange Commission (SEC)’s crackdown against Kraken’s staking service on Thursday, one of its members is railing against her agency’s decision. Hester Peirce – aka ‘Crypto Mom’ – issued a statement on Wednesday arguing that the SEC’s enforcement action is neither “efficient nor fair,” and that exchanges were never given a realistic...Read More
The collapse of FTX exchange had shaken the whole crypto space which bought the entire crypto market on a bearish ride. However, the investigation over the FTX and its founder Sam Bankman-Fried is still on and everyday there is something new to hear. The latest one happens to be the concern raised by the US...Read More
On Feb. 9, Gary Gensler and his SEC took aim at Kraken and its staking-as-a-service products. The regulator claims that the U.S. crypto exchange is offering unregistered securities through its staking services. Consequently, Kraken suspended staking-as-a-service, and crypto markets have slumped. On Feb. 10, popular analyst and trader Alex Krüger put a positive spin on...Read More
Polkadot-based decentralized gaming platform Ajuna Network has raised $7 million from industry investors through private and seed funding rounds. The platform intends to use the fresh capital to develop its network and suite of tools, integrating better game engines and off-chain game operators. Ajuna’s goal is to enhance gamers’ experience through blockchain and non-fungible tokens...Read More
[PRESS RELEASE – Geneva, Switzerland, 10th February 2023] Messari, a leading provider of blockchain research and data analysis, has released its quarterly reports on the State of TRON and the State of USDD for the fourth quarter of 2022. STATE of USDD Their first report, “State of USDD Q4 2022,” showcases the performance of USDD,...Read More
The long-awaited second airdrop of Ethereum’s layer-two scaling solution – Optimism – is here. The protocol distributed a total of 11.7 million OP tokens to over 300,000 addresses. The price of OP dropped after the announcement. Many have been expecting the second airdrop of the popular Ethereum layer-two scaling solution, Optimism. The first one saw...Read More
Binance said earlier today it had introduced zk-SNARKs to its proof-of-reserve system in an attempt to make it easier for users and other entities to verify its solvency. Additionally, the exchange has added four new crypto assets to its PoR system. Ever since the loud collapse of FTX in late 2022, cryptocurrency exchanges have rushed...Read More
Kraken’s generated trading volume for the past 24 hours increased by almost 15%. The surge contrasts with the company’s issues prompted by the recent SEC investigation and the consecutive termination of staking services. Data extracted from CoinMarketCap and CoinGecko revealed that Kraken’s 24h trading volume stands at around $757 million, or a 14% increase. Based on numerous factors,...Read More
While the cryptocurrency market is currently experiencing new twists and turns, the fate of altcoins is still unknown. According to BitMEX founder Arthur Hayes, the top two crypto assets by market cap will determine whether or not altcoins will see a parabolic rally. In a recent blog post, he said that cryptocurrencies will experience a...Read More
The stock of leading U.S. cryptocurrency exchange Coinbase (COIN) has suffered its biggest daily loss in seven months after the country’s Securities and Exchange Commission (SEC) forced rival exchange Kraken to shut down its crypto staking services in a $30 million settlement deal. The decline in COIN’s value can be attributed to the fact that...Read More
Paxos has been trying to secure a national trust bank charter for a while now. There have been rumors that the firm has been denied the aforementioned license, which it actually denied. To clarify speculation: Paxos has not been asked to withdraw its application for a national trust bank charter from the OCC, nor has...Read More
On February 9th, DappRadar published a report showing that the Ethereum NFT market cap value fell by 59.60% from $9.3 billion in 2022 to around $3.7 billion in early 2023. DappRadar’s study is based on the marketcap analysis of 81 of the largest NFT collections running on the Ethereum network. 2/ The market cap for...Read More
Robinhood recently announced its FY2022 Q4 results, laying out the profits and losses of its popular retail investor-friendly trading platform. The numbers, although overall positive, were a mixed bag – with traditional asset classes outperforming crypto. However, it’s worth noting that this may soon change. After all, Robinhood’s crypto wallet was, until recently, limited to...Read More
