Lido community debates limiting staked Ethereum as centralization concerns grow
By Oluwapelumi Adejumo Lido community members have begun debating whether the staking service provider should limit its share of staked Ethereum because of the systemic centralization risk this poses to the blockchain network. The Lido team submitted a governance proposal discussing the pros and cons of limiting its share ofContinue Reading
Singapore Based Crypto Exchange Bybit Expands to Argentina
By Sergio Goschenko Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicatedContinue Reading
The Small Cap Altcoins That Ethereum Whales Are Bullish On
By Best Owie As the large cap coins have continued to suffer losses, Ethereum whales have now turned their focus to smaller cap altcoins in a bid to try to squeeze out some profit from the bear market. These coins are previously unknown outside of their community niches but theseContinue Reading
Singapore’s changed stance on crypto
By Monica Noronha As recently as last year, Singapore was positioning itself to become a global crypto hub. But with the downtrend and the liquidity crisis in the market, regulators are hardening their stance. Sopnendu Mohanty, chief fintech officer of the Monetary Authority of Singapore (MAS), the country’s central bank,Continue Reading
Bored Ape Yacht Club Founders Speak Out Against Nazi Affiliation Rumors
By Reynaldo Marquez The company behind the popular non-fungible token (NFT) collection Bored Ape Yacht Club, Yuga Labs, addressed the rumors around the alleged connection with racist and Nazi affiliation. The company denied the rumors and called them “crazy disinformation” and “bullshit”. Related Reading | Ethereum Hashrate Plunges Over 10%Continue Reading
Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions
By Sergio Goschenko Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — shutting down accounts and requiring KYC controls that some users deemed excessive — declares thatContinue Reading
Why Solana Is Going Big on Mobile—And Making a Smartphone
By Andrew Hayward Solana co-founder Anatoly Yakovenko tells Decrypt about its new SMS platform and Android phone, the Solana Saga. Continue Reading
A-list celebs remove NFT avatars amid crypto winter
By Zeynep Geylan Most celebrities who bought and displayed NFTs as social media avatars are now removing them amid the harsh crypto winter, which has led to a downturn in NFTs as well. The fast-paced nature of the crypto market attracted celebrities who want to invest their fortunes. Some ofContinue Reading
Bored Ape Founders Respond to ‘Crazy Disinformation Campaign’ From ‘Demented Troll’
By Kate Irwin Bored Ape Yacht Club NFTs are made by Nazi racists? An elaborate troll has gone far enough, BAYC co-founder says. Continue Reading
Australian Crypto Exchange BTC Markets Receives Finance Service License
By Sarah Some jurisdictions have put mandatory regulations for BTC and crypto-related companies. For example, a law demands that all crypto service firms and exchanges have a financial license. Such laws are appropriate as more criminal activities and scams are rampant through the use of cryptocurrencies. As digital assets andContinue Reading
SHIB’s Shibarium Public Beta Is Planned for Deployment in Q3
By Jamie Redman The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transactionContinue Reading
Crypto downturn sees electricity consumption on Ethereum plunge by 50%
By Samuel Wan Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. Crypto miners are feeling the pinch The recent sell-off was a brutal reminder of how volatile crypto investing canContinue Reading
Ethereum Hashrate Plunges Over 10% As Mining Profitability Drops
By Hououin Kyouma Data shows the Ethereum mining hashrate has declined over 10% in the last month as miner profitability has dropped. Ethereum Mining Hashrate Takes A Dip, Now Only Around 862 TH/s As pointed out by an analyst in a CryptoQuant post, factors like the declining ETH price andContinue Reading
Crypto miners dump GPUs as token prices fall
By Samuel Wan According to PC Gamer, crypto miners are dumping their GPUs in increasing numbers as token prices falter during the downturn. The knock-on effect has seen a steady decrease in the cost of graphics cards as the market gets flooded with availability. In analyzing European prices, Tom’s HardwareContinue Reading
How Spain Could Force Crypto Holders To Disclose Their Funds
By Reynaldo Marquez Per a report from local news media Ara, Spain will tighten its approach to crypto and digital assets. The European country repeatedly has one of the largest populations of crypto investors in the region and will seek to implement new regulations to, as per usual, “protect them”.Continue Reading
Celsius Enlists More Advisors to Help With Potential Bankruptcy: Report
By Decrypt Staff Celsius its headed towards bankruptcy—and looking for help, sources tell the Wall Street Journal. Continue Reading
John McAfee’s Body Is Still in a Spanish Morgue a Year After He Passed, His Widow Wants Answers
By Jamie Redman A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsyContinue Reading
Bitcoin of America Is Working to Solve the Gender Problem in the Crypto Industry
By Bitcoin.com Media The leading virtual currency exchange, Bitcoin of America, announced its return to BTC 2022 in Miami. The company made headline last year for promoting females in a male dominant industry. Once again, Bitcoin of America made a splash at BTC 2022 with its all-female team. Bitcoin ofContinue Reading
Harmony Protocol Succumbs To DeFi Exploit, $100 Million Stolen
By Best Owie Another decentralized finance (DeFi) protocol has fallen prey to an exploit. The Harmony protocol had been gaining popularity among DeFi users over the last year as the DeFi space bloomed. But it has now suffered the same fate as many protocols in the space. On Friday, theContinue Reading
BAYC founders call Nazi conspiracy video ‘crazy disinformation campaign’
By Andjela Radmilac The founders of the Bored Ape Yach Club (BAYC) responded to the recent controversy surrounding a documentary accusing them of promoting Nazi imagery. The co-founder of Yuga Labs, Wylie Aronow, known as Gordon Goner, said that the company has become the target of a “crazy disinformation campaign”Continue Reading
SBF continues acquiring stakes in competition with BlockFi talks
By Liam ‘Akiba’ Wright FTX’s CEO Sam Bankman-Fried is in talks to acquire a stake in crypto lending firm BlockFi. CryptoSlate recently reported the possibility of a deal following a $250 million line of credit issued to BlockFi from FTX. On June 23, CryptSlate reported that, “BlockFi is currently aContinue Reading
FTX Plans to Acquire Stake in Crypto Lender BlockFi: Report
By Decrypt Staff FTX recently provided BlockFi with a $250 million bailout. Continue Reading
Biggest Movers: XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday
By Eliman Dambell XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday. XRP Bullish pressure inContinue Reading
Is move-to-earn dead? STEPN’s GST token tumbles 98% in 2 months
By Liam ‘Akiba’ Wright The popular move-to-earn app STEPN reportedly has over 3 million users, yet the price of its governance and reward tokens are in free fall. Is this the end of move-to-earn or a return to the mean after an overinflated price point created by hype and hysteria?Continue Reading
Powell: Congress to Receive Guidance from Federal Reserve on CBDC
By André Beganski Federal Reserve Chair Jerome Powell said a digital currency issued by the U.S. Central Bank is ‘a very important potential financial innovation.’ Continue Reading