Biden family memecoins tank 60% after Biden exits presidential race
Memecoins linked to Joe, Jill, and Hunter Biden tanked more than 60% while a memecoin tied to US Vice President Kamala Harris rallied 133% before cooling off.
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Monetary policy of cryptocurrencies, explained
Monetary policy in crypto refers to the mechanisms used to manage the supply and circulation of cryptocurrencies. These mechanisms are intended to ensure the sustainability, stability and predictability of a coin’s value over time. Cryptocurrencies rely on decentralized protocols to handle their monetary policy, as opposed to conventional fiat currencies, which are controlled by central…
CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing
The first increase in trading volume in months was driven by market volatility following the SEC’s lawsuits against Binance and Coinbase, as well as improving sentiment via BlackRock's ETF filing. 241 Total views 1 Total shares The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according…
Major validator calls for ‘completely new chain’ to replace Terra
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it. 1094 Total views 5 Total shares As the dust settles from the Terra ecosystem crash, and the community decides what the…
Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial
Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge. 404 Total views 3 Total shares The United States Attorneys’ Office has announced another superseding indictment against former FTX CEO Sam Bankman-Fried, also known as "SBF," which will…
Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate
After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring.The discussion was inspired by this week’s 51% attacks…
Blockchain, not Bitcoin: China’s BTC Volume on LocalBitcoins Hits 2-Year Low
China’s Bitcoin (BTC) trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins.According to Bitcoin statistics website Coin Dance, China’s BTC trading volumes have been gradually dropping from late 2019 to the present, touching to their lowest weekly volume in more than two years.During the week ending on Jan. 25, China…
Binance invests $5M in Curve token as hacker partially returns funds
Twenty-seven percent of the funds stolen in the July 30 exploit have yet to be returned. 212 Total views 19 Total shares Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform.“Curve is the largest stableswap and second-largest DEX [decentralized…
Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether
Hong Kong tech company Meitu has taken a $17.3 million hit on its Bitcoin (BTC) holdings — but on the upside, its Ether (ETH) holdings have gained $14.7 million. The developer of popular Photoshop-style apps spent a total of $100 million on BTC and ETH between March and April this year, acquiring a total of…