Category Archive: Cryptocurrency, No picture
Regulators Must “Act Quickly” on Stablecoins, Yellen Says
Key Takeaways The U.S. Treasury Secretary Janet Yellen met with the President’s Working Group on Financial Markets to discuss the risks created by the burgeoning stablecoin market. Yellen urged regulators to “act quickly” to deal with stablecoins. Regulators discussed the risks stablecoins pose to the country’s financial system and national security. The U.S. Treasury Secretary […]
Ripple Execs Use Coinschedule Penalty as Defense
Key Takeaways Ripple’s legal team has published a new filing that aims to show that there is regulatory uncertainty around securities. Ripple cites the SEC’s comments on its recent regulatory actions against Coinschedule as evidence of this claim. The filing is part of a motion to dismiss the SEC’s claims against Ripple executives Brad Garlinghouse […]
Coinbase Sued Over “Deceptive” Dogecoin Campaign
Key Takeaways Coinbase faces a class action lawsuit from a Dogecoin trader who seeks $5 million in damages. The plaintiff, David Suski, claimed he was deceived by Coinbase to trade $100 of Dogecoin to become eligible for a $1.2 million promotion. The promotion’s rules specify that a customer can be eligible without making any trade […]
Binance Burns $390M in BNB, Implying $2B Q2 Profits
Key Takeaways Binance has completed its 16th quarterly Binance Coin (BNB) burn, a regular practice that keeps the coin’s value strong. Over 1.2 million BNB tokens have been destroyed, equivalent to $390 million at the time of the burn. The amount burned implies Binance made close to $2 billion in profit since April. This Exchange […]
Polygon Launches NFT Gaming Studio
The popular Ethereum scaling solution Polygon has announced the launch of a gaming and NFT studio called Polygon Studios. The initiative is aiming to strengthen the network’s fast-growing ecosystem. Polygon Eyes Gaming Space The market for crypto gaming is growing rapidly. In a Monday press release, Polygon announced the launch of a new gaming and […]
Grayscale Launches DeFi Fund for Institutions
This news was brought to you by ANKR, our preferred DeFi Partner. Asset management giant Grayscale is doubling down on DeFi. Grayscale Unveils DeFi Fund Grayscale Investments is launching a new diversified fund focusing on DeFi. The firm’s CEO Michael Sonnenshein announced the update on CNBC’s Squawk Box Monday. He explained that the growing demand […]
Is TechLead Planning a “Billion Token” Rug Pull?
TechLead is back with a new cryptocurrency: Billion Token. TechLead Launches New Token TechLead, a YouTube influencer with over 1.1 million followers, has launched a new cryptocurrency token. “Billion Token” went live on Uniswap Monday, with trading opening at $0.001. Trading volume had hit $400,000 within two hours as the token price jumped to $0.0018. […]
Ethereum Movie with Vitalik Buterin Raises 1,036 ETH in Funding
Crowdfunding for the feature-length documentary Ethereum: The Infinite Garden has ended, raising just under 1,036 ETH over two days. The First Feature-Length Ethereum Documentary Ethereum is set to hit the big screen in a feature-length documentary. The documentary, titled “Ethereum: The Infinite Garden”, sought to raise 750 ETH (around $1.4 million) to fund the project, […]
How the Sports World is Embracing Crypto
Key Takeaways Crypto has seen fast adoption throughout the sports world. High-profile sponsorships are giving crypto companies mainstream exposure. Crypto assets like NFTs and fan tokens are creating new value for sports organizations. Sports and crypto may seem like two unrelated worlds, but they have much to offer each other under closer inspection. Crypto Exposure […]
Aave May Build “Twitter on Ethereum”
This news was brought to you by ANKR, our preferred DeFi Partner. Kulechov made the suggestion in response to Twitter founder Jack Dorsey’s plans to build a new platform for DeFi on Bitcoin. Aave Founder Hints at Social Media Plans Stani Kulechov has his eyes set on decentralized social media. The Aave founder shared his […]
