News
Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst
Bitcoin's hash rate has continued to increase and yet its emissions intensity has been trending down, contrary to most other industries, Bloomberg analyst Jamie Coutts explained. While the Bitcoin network has continued to expand over the years, the Bitcoin mining...
DeFi protocol Balancer frontend is under attack, $238K crypto stolen
The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer's protocol until further notice. Balancer, an Ethereum-based decentralized finance protocol is warning users to stay away from its website, after an attack on...
Lawyer who laundered $400M from OneCoin scam denied new trial: Report
A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019. The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied...
Web3 is about solving business problems, not token prices: Google Cloud exec
While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans. The crypto industry is far too focused on token prices, rather than figuring out how smart...
FTX bolsters claims portal security measures following cyber breach
Following the cyber breach of non-sensitive data, bankrupt cryptocurrency exchange FTX has reactivated account access to its customer claims portal. Bankrupt cryptocurrency exchange FTX has restored its customer claims portal with tighter security protocols, which was...
Mark Cuban’s loses $870K in hot wallet hack
Mark Cuban confirmed that he was hacked, but doesn’t appear to know exactly how it happened as of yet. Nearly $900,000 worth of crypto was reportedly drained from one of the hot wallets belonging to billionaire investor and Dallas Mavericks owner Mark...
Decentralized stablecoins could dominate crypto: MakerDAO founder
MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins. Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to...
Singapore’s central bank slugs Three Arrows founders with 9-year ban
Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore. Singapore's central bank has issued nine-year prohibition orders to Kyle Davies and Zhu Su over alleged violations of...
Rep. Tom Emmer reintroduces anti-CBDC bill to Congress
The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life." Legislation aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC) has...
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global. Dollar-pegged stablecoins are not immune to dropping their pegs but some such as Circle’s USD...