Crypto firms rally behind Ted Cruz to block DeFi broker rule

When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of May, when the value of a lesser-known crypto asset, CLAM, experienced a sudden, sharp crash. This resulted in the generalized loss of…

Gordon Goner warned about a possible incoming attack after receiving “credible information” that an insider from Twitter would help bypass the security of the social media accounts. 88 Total views 13 Total shares Gordon Goner, the pseudonymous co-founder of Yuga Labs, issued a warning about a possible incoming attack on their social media accounts under…

Bitcoin price broke the $10,000 barrier and rallied to $10,380 for the first time in 3 months. 1679 Total views 34 Total shares Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S.…

A California-based Bitcoin mining company has completed work on a repurposed hydroelectric dam to service its new mining farm, a press release announced Thursday, August 23. DPW Holdings will now prepare to use the dam, which is located in Valatie Falls, New York, as the source of electricity for its yet-to-be-built mining facility towards the…

Kraken has obtained a restricted dealer registration in Canada to reaffirm its commitment to the market after the exit of rival exchange Gemini. Cryptocurrency exchange Kraken has obtained a new registration in Canada at its latest compliance milestone. Kraken has received a restricted dealer registration in Canada, reaffirming its commitment to serving Canadian investors, the

Singapore-based crypto exchange KuCoin has partnered with Israel-based payment processing company Simplex to let its users purchase crypto via credit card, an official announcement revealed on March 27.The exchange has already added the service to its assets page, the announcement reports. Now users can purchase Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash ABC (BCHABC)…

The host of CNBC’s Mad Money responds to gold’s surprising underperformance this week. 5845 Total views 30 Total shares As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the…

Despite the crypto bear market, the Web3 ecosystem continues to grow. True to the notion that “bear markets are good for builders,” developers continue to flock into the Web3 space — the blockchain-based universe governed by smart contracts. Reports from early 2023 show that the number of monthly active Web3 developers grew to over 23,300…

The blockchain industry’s impact on the energy sector has been a major source of controversy over the past five years. Governments and environmental protection advocates have routinely expressed concerns about the amount of energy required to keep the Bitcoin network secure. Data shows the network’s energy consumption now rivals the yearly energy consumed by some…