Major crypto projects to unlock $755M in July
About $755 million in crypto assets from AltLayer, Arbitrum, Optimism and other projects will be released in July as their vesting period concludes.
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100 crypto lobbyists prepare for the fight of their lives as Congress resumes
Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.But the Blockchain Association reports that more than 100 crypto industry advocates are fighting to help strike the right balance between protection and innovation.The 118th U.S. Congress convened in…

Global economy saved: Reddit’s MOON token has a $2.64 septillion market cap
Despite still being on the Rinkeby testnet, holders of Reddit’s ‘MOONs’ have devised a way to trade the tokens for fiat. In defiance of Reddit's apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’ tokens for fiat — and it’s resulted in a pretty surprising market cap. In May Reddit…

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight
The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch a private blockchain coupled with a “quasi-cryptocurrency” for training purposes, then continued with the Spring Meetings of the two organizations’ Boards of Governors in…

SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security. 1503 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission…

Corporate America has finally taken notice of Web3: US trademark lawyer
This year saw an influx of trademark applications filed by various companies looking to get in on the Web3 action. By November, a total number of 4999 US trademark applications had been filed for cryptocurrencies and digital related goods/services — this according to USPTO licensed trademark attorney, Mike Kondoudis. According to the USPTO licensed trademark attorney, the…

SEC charges siblings over $60M Ponzi touting crypto trading bot
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.

6 Questions for Pat Duffy of The Giving Block
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Pat Duffy, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and charities…

Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x
On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. 2586 Total views 30 Total shares Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However,…