Trump memecoin massacre: Tokens plummet 50% after US election victory
Most of the Donald Trump-themed memecoins have tanked while the rest of the crypto market continues to gain.
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ZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake
Zcash (ZEC) surged by nearly 20% in the past 24 hours, helped by the euphoria surrounding its core protocol's decisive transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).The ZEC price logged an intraday high at $188.80 on Binance after rising two days in a row by more than 27%. The cryptocurrency's move upside also wiped out…

Crypto hacks top $1.4B, MetaMask streamlines Web3 onboarding: Finance Redefined
Centralized exchanges are becoming the new ground zero for hackers, as shown by a 900% increase in losses year-over-year.

NY Times defends article on Caroline Ellison: the public has a ‘legitimate interest’
The media outlet claimed the public and press had a right to receive information on a "central participant in a financial scheme that defrauded investors of billions of dollars". 237 Total views 3 Total shares The New York Times has submitted a filing in the criminal case against former FTX CEO Sam Bankman-Fried (SBF), arguing…

DeFi’s biggest names contribute to $1.1M investment in dHEDGE’s fund managers
dHEDGE has announced that $1.1 million will be injected into its fund managers’ pools by six of the platform’s investors and the dHEDGE DAO. 3218 Total views 15 Total shares Some of the biggest names in DeFi, including Framework Ventures and Alameda Research, are backing the expansion of decentralized asset management protocol dHEDGE.The investors and…

Offchain Labs launches Arbitrum One mainnet, secures $120M in funding
More than 400 teams are already building on Arbitrum One. 460 Total views 7 Total shares Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution.Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in…

New York Crypto Task Force: Industry, Government to Review Regulations
In late July of 2019, the New York State Assembly appointed six members to its Digital Currency Task Force, claiming to be the first state-drafted crew across the United States to deal with cryptocurrencies and blockchain. While it is unclear if the influx from Facebook's Libra has hastened the NY legislators to assemble the team,…

Bitcoin price crashes below $48K, but is the bull market in danger?
Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies…

Crypto News From Brazil: Oct. 14–20 in Review
Brazil has seen another tumultuous week in the cryptocurrency industry as the president of investment scheme Unick Forex said it will only pay customers who have kept their receipts, the 18th million Bitcoin (BTC) was mined, and the alleged pyramid scheme Atlas Quantum denied that videos with balances at Gate.io and HitBTC are fake.Here is…