The U.S. Department of Justice (DOJ) has requested that the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, be revoked and that the court impose a detention order against him due to his attempts to tamper with witnesses. According to a letter submitted to Judge Lewis Kaplan...Read More
Amid regulatory turmoil elsewhere, Binance’s Dubai affiliate, Binance FZE, managed to score an Operational Minimum Viable Product license from the Virtual Assets Regulatory Authority (VARA). Binance has now become the first crypto trading platform to receive Dubai’s Operational MVP license enabling it to offer services such as exchange and broker-dealer services. The company is permitted...Read More
Tether, the world’s largest stablecoin issuer, released an assurance report on Monday covering its financials as of June 30. The Q2 attestation showed that the issuer now holds over $3.3 billion in excess reserves to back its USDT tokens. Tether’s Massive Surplus As explained by Tether in an accompanying blog post, the issuer’s excess reserves...Read More
An early user of the Ethereum Name Service (ENS) just reclaimed tens of thousands of Ether (ETH) that he’d locked up in the old ENS registrar over 4 years ago. Having appreciated substantially since that time, the value of those 39,712 ETH is now worth roughly $74 million. Reclaiming Old Funds According to blockchain analysts...Read More
The month-end closing is on the horizon! A fair amount of volatility was expected to kick in. But the current trade setup indicates the price may remain largely stagnant not only until the close but also for the next few weeks of August. Now that the price shows signs of a bullish breakout, the possibility...Read More
Robert Kiyosaki, an American businessman and author of the best-selling book Rich Dad, Poor Dad, believes the United States is broke as the country’s debt keeps increasing, countering claims that the world’s largest economy is strong. In a recent tweet, Kiyosaki called the media agency Wall Street Journal (WSJ) “numb nuts” because it failed to...Read More
This article will explore the recent price action of Solana (SOL) and compare it to the demand generated by Tradecurve’s (TCRV) fifth presale phase. We’ll analyze Solana’s price trajectory and potential influencers on its market movements and see if it can keep pace with the 150% surge during the Tradecurve presale. Solana (SOL) Price Prediction:...Read More
In spite of the game of snakes and ladders that the crypto market has been playing for the past two years, Mike Novogratz feels that the troubles faced by the industry are coming to an end due to recent developments. In an interview conducted at the Galaxy offices, Novogratz shared his thoughts on BlackRock’s spot...Read More
The US Securities and Exchange Commission (SEC) asked Coinbase to halt the trading of all cryptocurrencies except for Bitcoin before pressing charges against the exchange for breaching federal securities law. According to Coinbase CEO Brian Armstrong, delisting every other asset except for Bitcoin would mean the end of the crypto industry. Coinbase vs. SEC In...Read More
[PRESS RELEASE – Schaan, Liechtenstein, July 28th, 2023] EtherMail, the first Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has today announced the much-anticipated launch of its Applets feature. Applets are powerful plug-ins specially designed for the Web3 industry. With these dynamic and versatile tools, brands can gain access to a...Read More
On July 30, Curve Finance suffered exploits on a number of its stable pools that were using Vyper, which is a smart contract programming language for the Ethereum Virtual Machine (EVM). Curve alerted its users that alETH, msETH, and pETH stable pools using Vyper 0.2.15 have been exploited “as a result of a malfunctioning reentrancy...Read More
July was a history making month in the world of crypto regulation. Ripple’s ruling as a non-security marked not just a moment for the market, but a sentiment surge. A surge brought on by greater regulatory clarity and a signal of sustainable ecosystem growth. Regulatory wins aside, we also launched Guilds – our take on...Read More
Despite being in the early innings of development, tokenization of real-world assets (RWA) has gained significant traction in recent years attracting users and large institutional players alike. A new study suggests that RWAs have emerged as the 10th largest sector in DeFi based on protocols tracked by DeFi Llama after climbing from the 13th spot...Read More
