Crypto

In the aftermath of FTX’s downfall, investors have reached an unexpected agreement with Sam Bankman-Fried. Plaintiffs in civil lawsuits against the disgraced crypto founder have agreed to drop their claims in exchange for his cooperation in pursuing claims against prominent figures such as Tom Brady, Shaquille O’Neal, and Gisele Bündchen, who endorsed FTX to potential […]

The decentralized finance (DeFi) token Uniswap (UNI) saw a lift of an equivalent of 7.2% within 24 hours of trading. This was caused by the same occurrence that pushed the market’s flow up the highly talked-about and much-anticipated Bitcoin halving event. Volumes of UNI underwent a noticeable surge, with the value rising to over $181 […]

Tether, the company behind the leading stablecoin USDT, raised eyebrows earlier this week. It appeared to mint $1 billion worth of new USDT tokens without having the reserves to back them up. Seeking to calm the controversy, Tether’s CEO Paolo Ardoino assured people that this $1 billion mint was “an authorized but not issued transaction.” […]

Upbit, a major South Korean cryptocurre­ncy exchange, faced challe­nges with high-volume transactions. The e­xchange announced suspending de­posits and withdrawals exceeding 1 million won (around $721) on April 17th. This de­cision raised concerns among Korean crypto e­nthusiasts about Upbit’s future operations and South Korea’s re­gulatory environment for cryptocurrencie­s. The issue­ began when Ten&Te­n, a Virtual Asset Service Provide­r, […]

Crypto exchange Binance plans to make a comeback in India after clearing a roughly $2 million penalty. According to the Economics Times report, its re-entry will involve meeting new conditions, including registration with the Treasury Department’s Financial Intelligence Unit and adherence to relevant laws like the Prevention of Money Laundering Act and the VDA tax framework. […]

A crypto whale made waves in the Ethereum market by selling a staggering 2,000 ETH for a whopping $6 million in USDC. This transaction occurred just six hours after the value of each ETH was around $2,997. The renowned crypto analytics firm Spot On Chain unveiled the details of this major market movement. They shed […]

The Lummis-Gillibrand Payme­nt Stablecoin Act is a proposed law introduced by Se­nator Kirsten Gillibrand (Democrat) and Senator Cynthia Lummis (Re­publican). Its goal is to create clear rule­s for stablecoins – cryptocurrencie­s tied to traditional assets like the­ U.S. dollar. The Act aims to promote financial stability and preve­nt illegal activities involving stablecoins. It se­eks to establish a […]

Ethereum, a prominent blockchain network, has again come into focus due to delays in implementing EIPs. Interestingly, lead developer Tim Beiko highlighted this delay, drawing a comparison with Canada’s pace in implementing significant tax reforms. This revelation highlights blockchain governance’s complex and often slow-moving nature, contrasting sharply with national policy changes. Ethereum, unironically has a longer […]

In a world increasingly wary of government surveillance, Pavel Durov, the founder of Telegram, envisions the frontier of privacy through the development of crypto-inspired hardware for secure communication. During an interview with Tucker Carlson on April 17, Durov remembered how governments keep hiding the movement or sharing data secretly from private individuals: “The world is […]