Nvidia overtakes Apple again as world’s most valuable company
Shares in Nvidia rose 2.84% during Tuesday trading, allowing the company to retake the top spot as the most valuable public company.
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Proof of reserves is becoming more effective, but not all its challenges are technical
Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the shock and losses of the current crypto winter. After a flurry of discussion and work, criteria and rankings for adequate PoR are beginning to appear, but the fine points of how…

Gelato raises $11M from heavyweight backers for Web 3 automation
Gelato aims to simply DeFi by automating smart contract operations and helping users rebalance their portfolios. 528 Total views 3 Total shares Smart contract automation network Gelato has become the latest to receive big backing from crypto venture capital giants.Gelato has raised $11 million in a Series A funding round led by Dragonfly Capital and…

Iran Bitcoin Miners Set Up Shop in Mosques Amid Gov’t Crackdown
Iranian bitcoin (BTC) miners are moving into mosques as the government launches an energy crackdown, social media users revealed on June 25.Iran, which offers free energy to mosques, now has around 100 miners occupying places of worship, generating much-needed income of around $260,000 a year. “This money goes a long way in Iran’s choked sanctioned economy,”…

Bancor Seeks to Exclude US Users From Trading Over Regulatory Uncertainty
Decentralized exchange platform Bancor plans to restrict United States residents from trading tokens on July 8, the company confirmed in a blog post on June 18.Citing a lack of clarity from regulators, executives said they took the decision to ban all users with a U.S. IP address from exchanging cryptocurrency.“This decision has been made in…

Price analysis 6/24: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin price descends to $60,000, but will traders buy the dip in BTC and altcoins?

DeFi community raises centralization concerns over Compound Chain
Ethereum proponents and DeFi enthusiasts alike have panned plans by Compound Finance to launch its own blockchain in 2021. 284 Total views 4 Total shares DeFi lending protocol Compound published a white paper on Thursday introducing Compound Chain, a new blockchain aimed at providing cross-chain value transfer capability. Reactions to the news have been overwhelmingly…

‘Unlucky' MEV bot takes out huge $12M loan just to make $20 in profit
An MEV bot took out a $11.9 million loan to sandwich attack a user, but barely made enough to cover lunch.

Cryptocurrency Exchange OKEx to Launch Options Trading This Month
Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27.In a press release on Dec. 9, the exchange said that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof.” The options will allow the platform’s users…