Founder of delegate platform Aave Chan Initiative (ACI), Marc Zeller, has proposed that the Aave Treasury purchases $2 million worth of CRV tokens from Curve founder Michael Egorov.  This proposal comes days after Curve Finance suffered an exploit causing a CRV price decline that has endangered Micheal’s Egorov’s loan positions on various lending protocols. According […]

Copy trading is one of the major activities captivating the hearts of crypto admirers, and social and copy trading are increasingly adopted by investors in the virtual ecosystem. According to recent research carried out by Bitget, a particular generation has shown the most interest in this form of trading.  Gen Z Heads The Pack A […]

In a recent development, popular cryptocurrency lender BlockFi has announced that a US court has conditionally approved its bankruptcy plan and ordered that everyone entitled to vote should vote to accept the plan.    Much-Needed Respite For Creditors BlockFi’s restructuring plan continues to move forward following the recent announcement by the firm that its disclosure statement […]

As the digital financial landscape navigates through both success stories and cautionary tales, the ongoing mediation of bankrupt crypto lender Genesis Global Holdco LLC has garnered attention. The latest development in the crypto lender’s bankruptcy saga emerged on Wednesday when a company attorney revealed they were approaching the end of their ongoing mediation. To clarify, […]

FTX, the bankrupt crypto exchange, has taken legal action by filing a court motion to remove its Dubai unit from the ongoing restructuring proceedings in the United States. Back in February 2022, FTX had set up its Dubai branch, which was owned by the company’s European arm, and this specific entity became part of the […]

Data shows a Litecoin whale has made a large deposit to Binance, something that could extend the cryptocurrency’s current decline further. Litecoin Whale Deposits Big To Binance As LTC Suffers Post-Halving Plunge Yesterday, Litecoin finally completed its much-talked-about third halving event, meaning that the cryptocurrency’s block rewards have once again been halved from 12.5 LTC […]

After-hours trading on Wednesday saw a nearly 7% decline in shares of Robinhood after the online broker announced a profitable quarter for the first time as a publicly traded firm, but witnessed a decline in monthly active users, dealing a blow to its crypto balances. The decline in active users cost Robinhood’s cryptocurrency trading business […]

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the crypto exchange eToro for offering high-risk contracts for difference (CFD) products, reportedly causing almost 20,000 clients to lose huge sums trading CFDs between October 5, 2021, and June 14, 2023. ASIC’s Case Against eToro In its official statement released on August 3, […]

A study conducted by the Network Contagion Research Institute (NCRI) has shed light on the pervasive role of Twitter bots in artificially inflating the prices of various altcoins. The research, which examined over 3 million tweets related to 18 different cryptocurrencies from January 2019 to January 2023, has uncovered startling revelations about the influence of […]

According to estimates, crypto brokers are allegedly dodging at least half of their tax duties, leaving the United States with a worrying tax shortfall. Sen. Elizabeth Warren (D-Massachusetts) is leading a group of left-leaning senators who are urging federal officials to take immediate action in response to this problem. Their main objective is to impose […]

Hong Kong’s Securities and Futures Commission (SFC) has taken steps to provide an opportunity for retail investors to invest in crypto trading via safe and regulated crypto trading platforms. As part of these steps, the commission released its guidelines for crypto exchanges.  With this, it aims to create a regulatory framework that enables a safe […]

Bitcoin mining could be much faster carbon neutral and even CO2 negative than most people think. Well-respected on-chain analyst Willy Woo remarked via Twitter that the BTC network is on track to become carbon negative, with 6% of miner CO2 already being offset by methane capture mining. According to Woo, the transformation is poised to […]

Ethereum Futures have witnessed a surge of interest as prominent investment firms have recently lodged new requests to introduce exchange-traded funds (ETFs) for investors within the United States. Distinct applications have been formally submitted to the US Securities and Exchange Commission by renowned entities, including ProShares, VanEck, and Volatility Shares. Citing insights from reliable sources, Blockworks […]

The crypto industry has seen massive growth and adoption in recent years as more and more major companies are accepting crypto as payment, allowing people to actually use their digital assets in their everyday life. Crypto assets have also been referred to as a hedge against inflation, encouraging investors to make long-term decisions on their […]

In a recent CNBC interview, Ripple President Monica Long announced the firm’s intentions to re-engage with the US market. This development follows the major court ruling clarifying that XRP, Ripple’s affiliated digital currency, is not considered a security in US. Long expressed her enthusiasm for the clarity the ruling provides. She explained, “It’s been a […]

Jesse Powell, co-founder of Kraken, has expressed concerns about plans to relaunch the bankrupt FTX exchange. This comes following the recent development in the international arm of the exchange, FTX.com, reboot plans. Auction Off The FTX Domain And Trademark, Jesse Powell Says On Wednesday, August 2, Kraken co-founder Jesse Powell tweeted his concerns about the […]

MemPool Space data on August 2 shows that roughly 48% of all Bitcoin Lightning Network (LN) Nodes are hosted by major centralized cloud service providers, namely Amazon Web Service (AWS) and Google Cloud. Specifically, approximately 29% of Bitcoin Lightning Network nodes are deployed on AWS, while 19% are hosted on Google Cloud.  This trend points to […]

Following its launch on July 24, Worldcoin has remained among the headlines, although primarily due to privacy concerns and emerging regulatory pressure. In a new development on Aug. 2, Reuters reports that Worldcoin wants certain third parties to utilize its digital ID system to expand its operations and onboard more users. The World digital ID […]

As part of its global service expansion and improvement plans, crypto exchange Coinbase announced plans to integrate with the Bitcoin Lightning Network. The move could enforce and facilitate its plans to offer more cryptocurrency payments to users globally. Coinbase Is Exploring The Best Ways To Integrate Lightning, CEO Says This development came to public notice […]

The ripples of macroeconomic events extend far beyond traditional markets, encroaching on the nascent space of cryptocurrencies. A recently published report by Grayscale, the world-renowned digital asset manager, places the recovery of the crypto market squarely on the shoulders of the U.S. economy. According to the report, the continuation of this rebound is intrinsically tied […]

The Bitcoin halving is unequivocally the one thing that’s expected to cause price to increase, according to the masses. In this article, we’ll refute — with evidence — why the block reward halving is nothing more than a correlation, not causation of bull markets. Is The Bitcoin Halving Bullish Or Bullshit? Bitcoin price continues to […]

A man from Eden Prairie, Minnesota, has fallen victim to a crypto scam that cost him over $9 million. The scam involved a LinkedIn connection who lured him in with promises of quick riches and professed love.  LinkedIn Love Or Crypto Catastrophe? According to a report by StarTribune, the victim was directed to make large […]