Category Archive: Cryptocurrency, No picture
MakerDAO founder introduces new stablecoins: NewStable and PureDAI
Rune Christensen, the founder of MakerDAO, has unveiled two new stablecoins, NewStable and PureDAI, as part of the protocol’s controversial Endgame plan.The new tokens are intended to eventually replace DAI, which currently commands a $5.4 billion market cap, placing it third overall in the stablecoin sector.Christensen’s goal is to reconcile the two opposing paths for […]
zkSync gears toward final upgrade, community eyes airdrop by end of June
zkSync, an Ethereum layer 2 network, is ramping up efforts to roll out its v24 upgrade, the final protocol update before transitioning network governance to its community, said zkSync in a recent post on X. With zkSync nearing a major milestone, the community’s focus now shifts toward the project’s airdrop expected by the end of […]
Bitcoin ETFs show $1.3 billion inflows and bounce back from April’s slump
Spot Bitcoin exchange-traded funds (ETFs) in the US registered $1.3 billion in inflows over the past two weeks, shared Bloomberg ETF analyst Eric Balchunas on X. This was enough to recover completely from April’s net outflows of over $343 million.The Bitcoin ETFs traded in the US now hold more than $12.3 billion under management, which […]
Solana meme coins surge up to 210% despite Pump.fun incident
Meme coin marketplace Pump.fun was attacked by a former team member yesterday, resulting in halted trading, users unable to liquidate their tokens, and the platform losing $1.9 million, according to a May 16 post-mortem. Despite this episode, the meme coin sector on Solana stood firmly in the last 24 hours, with tokens making two-digit leaps.The […]
Kraken may delist USDT in EU to comply with MiCA
Major crypto exchange Kraken is considering delisting Tether (USDT) from its European Union (EU) platform to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations, according to a recent report from Bloomberg.The EU is setting MiCA regulations for crypto trading, specifically targeting stablecoins like Tether’s USDT. These rules will be enforced starting in July and […]
Velar and Bitlayer introduce Bitcoin’s first perpetual DEX
Bitcoin-focused infrastructure provider Velar announced a partnership with Bitlayer to launch Velar Artha, the first perpetual decentralized exchange (Perp DEX) on a Bitcoin layer-2. This development enables perpetual contracts trading directly on the Bitcoin blockchain, enhancing its decentralized finance (DeFi) capabilities. “Partnering with Bitlayer for the launch of Velar Artha PerpDEX represents a significant milestone […]
Token Terminal and Messari release research reports on TRON network for Q1 of 2024
Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector.Token Terminal AnalysisToken Terminal’s comprehensive report offers crucial insights into key data points and metrics […]
Nigerian court denies bail and allows Tigran Gambaryan to stand trial on behalf of Binance
A Nigerian court has denied the bail application for Binance’s detained Head of Compliance, Tigran Gambaryan, citing the likelihood that he may jump bail.The decision was announced on Friday, the same day Gambaryan turned 40. A recent report from Reuters indicates that the Nigerian court has ruled to allow Gambaryan to stand trial on behalf […]
Pink Drainer shuts down after dealing over $85 million in damage
Pink Drainer, the wallet-draining service responsible for over $85 million in stolen crypto, is shutting down. The shutdown was disclosed by ZachXBT through a Telegram post.At its height, the scam service impacted over 21,000 victims, according to a Dune analytics dashboaranalytics dashboar shared by Web3 anti-scam firm Scam Sniffer. “It is very likely that our […]
Binance partners with Taiwan authorities in $6.2M money laundering crackdown
Binance’s Financial Crimes Compliance (FCC) department has recently joined forces with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to take down an NT$200 million ($6.2 million) money laundering operation, said Binance in a press release published today.As reported, the suspects in the case were involved in sophisticated money laundering activities […]
