Category Archive: Cryptocurrency, No picture
Axie Infinity, Decentraland Tumble After Sharp Rise
Key Takeaways Axie Infinity and Decentraland’s native tokens have both fallen in the last 24 hours following a dramatic rise. The two NFT-based games are emerging as leading projects in the Ethereum metaverse. Despite the overnight downturn, Axie Infinity is still crypto’s biggest gainer of the week. It’s also generating more revenue than every DeFi […]
Binance Halts Stock Trading Amid Regulatory Scrutiny
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Binance will no longer offer stock trading. The decision comes as Hong Kong’s Securities and Futures Commission joins a growing list of regulators to issue a warning about the exchange’s registration status. Binance Winds Down Stock Trading Binance is removing its tokenized […]
Coinbase CEO Tells Dogecoin Creator Bitcoin Made “Many People Wealthy”
Key Takeaways Dogecoin co-founder Jackson Palmer called cryptocurrencies “inherently right-wing” in a lengthy tirade this week. Coinbase CEO Brian Armstrong responded, highlighting how crypto has created wealth and equality of opportunity. The comments from Palmer and Armstrong form part of a larger debate on the ideology of cryptocurrencies. Coinbase CEO Brian Armstrong has responded to […]
Dorsey Plans DeFi on Bitcoin, Critics Point to Ethereum
Key Takeaways Jack Dorsey has announced that Square will set up a company to build an open platform for decentralized finance services, focusing on Bitcoin. Many have pointed out that Dorsey’s idea bears some similarities to the leading smart contract blockchain, Ethereum. Dorsey is known for his ardent interest in Bitcoin, but he’s not as […]
$5M in Ethereum Lost in THORChain Exploit
Key Takeaways THORChain has suffered an exploit on Chaosnet, resulting in losses of roughly $5 million for ETH liquidity providers. The THORChain team said that an attacker tricked the network’s Bifröst protocol to send ETH to their own address. The liquidity providers will be reimbursed from the project’s treasury. This news was brought to you […]
PayPal Increases Crypto Payment Limits to $100,000
PayPal has raised its cryptocurrency spending limits, allowing users to spend more cryptocurrency than they could before. Weekly Limit Is Now $100,000 Under PayPal’s new limits, U.S. customers can spend up to $100,000 of crypto per week with no annual purchase limit. “We are pleased to announce that we have recently raised the purchase limits […]
Cardano Expands Testnet Support for Smart Contracts
Key Takeaways Cardano has successfully carried out a hard fork and upgraded its testnet from Alonzo Blue to Alonzo White. This phase of the network will run for two to four weeks before the Cardano testnet moves to the next phase. Despite recent progress on smart contracts, the crypto community remains skeptical of the project’s […]
Crypto “Completely Failed” as Payments System: Fed Chair Powell
Key Takeaways Federal Reserve chairman Jerome Powell said that cryptocurrencies had “completely failed” as a payment system in testimony before the Senate Banking Committee. He also discussed stablecoin regulation and the possibility of a digital dollar. Powell claimed that a CBDC would negate the need for cryptocurrencies in testimony yesterday. This news was brought to […]
Fireblocks Integrates Ethereum “Commit Chain” Polygon
This news was brought to you by ANKR, our preferred DeFi Partner. Leading asset management and crypto custody platform Fireblocks has integrated Polygon in its cybersecurity and asset management tools. Fireblocks and Polygon Join Forces Fireblocks has brought its institutional-grade software to Polygon. Institutions building on the popular scaling solution Polygon will now have access […]
FCA to Spend $15M Warning of Crypto Risks
Key Takeaways The FCA is investing $15 million into warning young people about the risks of cryptocurrency investing. The financial regulator’s CEO said that young crypto holders are prone to behaving “less rationally and more emotionally.” The FCA has issued several warnings about cryptocurrencies in the past, recently targeting Binance. The U.K.’s financial regulator said […]
