Memecoin frenzy intensifies as US election nears

The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity even when the overall market cap took a slight dip amid overall market retrace. The creators of the popular play-to-earn nonfungible token (NFT) game Axie Infinity raised $150 million to reimburse hack victims of the Ronin bridge exploit.The decantralized application, o…

California authorities recently came out with a fresh cautionary statement on crypto crime. Xavier Becerra, California's attorney general, recently told the public to watch out for possible crooked dealings surrounding crypto and digital assets.  While broadly referencing other hacks, an Aug. 7 statement from the California Department of Justice said:"Recently, unscrupulous actors have impersonated well-known politicians,…

At the age of 26, Wisconsin web designer Michael Winkelmann began creating a new piece of digital art in his personal time every single day. He calls them ‘Everydays’.“I saw a pretty big step-up in the work that I do,” he says. “The ‘Everydays’ are basically just the pictures that I do every single day,…

On May 13, Elon Musk sent shockwaves across the crypto markets by revealing that Tesla will no longer accept any BTC payments for cars until Bitcoin mining becomes more environmentally sustainable. Musk notes that while Tesla waits for Bitcoin to move to renewable energy, the firm will be looking at “other cryptocurrencies” that use less…

Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange. 3074 Total views 20 Total shares State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform.Currenex, a foreign exchange technology provider…

The measure received 535 votes for with 57 against and 60 abstentions in a plenary session. 315 Total views 5 Total shares Lawmakers in the European Parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sept. 13. Held in

Alvi says the company is focused on bringing the next billion users to crypto, and attracting pro traders is a major part of its plans. 41 Total views 1 Total shares Moheeth Alvi, group product manager at Coinbase Advanced, joins Cointelegraph’s Hashing It Out podcast with host Elisha Owusu Akyaw for an in-depth discussion about

Friend.tech has enabled features for users to add and remove login methods on personal accounts after SIM swaps gave hackers access to personal user information. 138 Total views 7 Total shares The decentralized social network Friend.tech took to social media to announce an updated feature that will allow users to add and remove various login

United States regulator the Securities and Exchange Commission (SEC) has announced that it is hosting a public forum on distributed ledger technology (DLT) and digital assets this May. The news was revealed in an SEC press release today, March 15.The commission’s Strategic Hub for Innovation and Financial Technology (Finhub) has organized the event — dubbed…