Ethena’s risky path: A synthetic stablecoin cautionary tale

The venture firm, which was founded in 2021, is prioritizing decentralized social media, DAOs, DeFi, metaverse, zero-knowledge proofs and layer-1 solutions. 149 Total views 12 Total shares Shima Capital, a new venture firm focused on early-stage blockchain projects, has launched its debut fund to support emerging digital asset companies — and has received considerable backing…

The United States national debt is now over $23 trillion, according to website U.S Debt Clock.It is also worth noting that the debt per United States citizen is $69,724 and that the debt to gross domestic product ratio is 106.65%.The milestone has been pointed out on Nov. 1 by Bitcoin advocate Twitter personality Rhythm, who…

The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments. 1269 Total views 5 Total shares The United States Department of the Treasury has announced it will impose sanctions on Czech Republic and Russia-based business Suex OTC for…

Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding…

The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions.India’s first crypto law, which requires its citizens to pay a 30% tax on unrealized crypto gains, came into effect on April 1. A commotion among the Indian crypto community followed as…

The ongoing legal battle between the Binance cryptocurrency exchange and the U.S. Securities and Exchange Commission (SEC) took a surprising turn on Sep. 18. Magistrate Judge Zia M. Faruqui rejected the SEC's request for access to Binance.US's systems. Instead, the Federal Magistrate suggested that the SEC should formulate specific discovery requests.While this decision only temporarily

Smart vending machine maker Popcom raises $1.3 million through Regulated CF security token offerings. 1251 Total views 51 Total shares Smart vending start-up Popcom raised millions to bring more of their vending machines as the demand for more contact-less retail solutions rises.Popcom, led by Dawn Dickson and one of the few Black women-owned blockchain companies,…

Bitcoin (BTC) starts a new week with $30,000 reconfirmed as support but also a fresh vote of no confidence from the mainstream.After a more or less steady weekend, the largest cryptocurrency remains firmly in its established trading corridor — between $30,000 and $40,000. What’s next?Cointelegraph takes a look at the factors impacting price performance this…