Bitcoin Ordinals fees have dropped significantly in the last two weeks, mirroring the general performance of BTC prices which have been under pressure. According to Dune Analytics data, the average daily fees generated from Bitcoin Ordinals stood at $71,709 as of August 21, down from $94,910 on August 14. This is a 24% drop in […]
Binance.US, a crypto exchange, has recently partnered with MoonPay, a payment startup, to provide customers with an alternative means to convert dollars into cryptocurrencies. This collaboration comes after the exchange has encountered many legal and financial obstacles due to heightened regulatory scrutiny, which has prevented customers from depositing or withdrawing dollars for over a month.MoonPay […]
BlockFi, a bankrupt cryptocurrency lender, is attempting to block FTX and Three Arrows Capital (3AC) from retrieving hundreds of millions of dollars to pay back their creditors. BlockFi claims that FTX misappropriated $5 billion of the loan it provided and that BlockFi’s creditors should not be pushed to the back of the line. FTX also […]
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have released a report detailing the findings of their pilot program exploring the use cases for a potential e-AUD, a central bank digital currency (CBDC). The pilot found four primary areas which could be improved by a CBDC, including enabling complex […]
Balancer, a DeFi lending pioneer, recently received a vulnerability report that found over 100 of its V2 pools were at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. To protect users, Balancer created an Emergency SubDAO that paused the pools and allowed users to only withdraw […]
Xiao Yi, a former Chinese government official, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges and has already returned the stolen funds and seen the seizure of both the bribes and his […]
Wall Street Memes (WSM) is a funny picture token inspired by Meme stocks. It has raised more than $26 million in its presale and is close to reaching its goal of $30 million. The token’s price increases slightly in the last stage, from $0.033 to $0.0337.FOOM is a cryptocurrency that is powered by AI and […]
The CyberConnect token $CYBER has seen an impressive performance in the past weeks, with a listing on Binance on August 15 and a subsequent 80% increase. Despite a subsequent price drop, the coin is still up by over 100% in the last seven days, and its 24-hour trading volume has increased by 200%.The prominent South […]
Cryptocurrencies have been promoted as a way to reduce financial risks in emerging economies, but a new report from the Bank for International Settlements (BIS) suggests that they may actually be amplifying them. The report, which was compiled by the BIS’s Consultative Group of Directors of Financial Stability, states that cryptocurrencies cannot solve the financial […]
Balancer Labs recently disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. The project reported that the vulnerability had not been exploited and that 80% of the issue had been mitigated. However, a small amount of funds, amounting to about 4% of its total value locked (TVL), remain at […]
