The Daily Crypto News

"We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens," Tether stated. Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its

Facebook's parent company Meta and tech behemoth Apple are reportedly engaged in a "very deep, philosophical competition" to build the metaverse, with each company attempting to determine "what direction the internet should go in," according to the social media platform's founder and CEO Mark Zuckerberg. Meanwhile, a government watchdog is

Legal updates * The crypto exchange Kraken is being investigated for allegedly violating US sanctions by allowing users in Iran and elsewhere to buy and sell cryptocurrency, according to the New York Times, citing five unnamed people affiliated with the company or with knowledge of the investigation. According to the report,

Everyone is aware of the recent TerraLuna and TerraUSD debacle, which resulted in a sharp drop in Bitcoin's price and pushed the market even further into the red. However, for those who are unaware, TerraUSD had been nearly exactly pegged to the dollar since its inception, but it crashed on

According to a recent Technavio report, the global gaming market is expected to grow by USD 125.65 billion between 2020 and 2025, at a CAGR of 12.40 percent. The incorporation of blockchain technology in gaming apps is a significant contributor to the market's growth. Blockchain-based gaming has transformed

It’s the largest quarterly net loss for the crypto company since its listing on the Nasdaq Stock Exchange in April 2021. Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the

According to blockchain intelligence firm TRM Labs, an analysis of recent hacks targeting non-fungible token (NFT) projects conducted via the social media platform Discord reveals that many of them are part of a larger string of attacks. Such attacks have increased dramatically in the last three months, and the NFT

Mining Disrupt is a large Bitcoin Mining Expo that focuses on comprehensive blockchain enterprise-level solutions and cryptocurrency mining. The Expo has facilitated the growth of the crypto market by bringing together various crypto players since its inception. Mining Disrupt is currently planning its fourth Bitcoin Mining Expo, which will take

Dutch auctions are becoming increasingly popular in the cryptocurrency market. They provide more equitable bidding conditions for all participants. Especially given the current challenges that crypto, IEOs, and IPOs face. Specifically, crypto whales close sales quickly by purchasing everything before anyone else. FrontFanz has moved onto a 20-day IEO sale

Decentralized stablecoins as consortium bars 38 addresses Again, stablecoins are popular. USDC, the second-largest stablecoin, banned 38 addresses on Aug. 8. These USDC tokens are frozen and can't be moved. 81 IPs are blacklisted. Dune Analytics Centre's move was in response to the US Treasury's decision to penalize Tornado Cash,

An emerging and rather a complex type of investment scam known as "pig butchering," in which flirtatious strangers convince unsuspecting users to invest in crypto trading systems, which then seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars in crypto assets. The term

Tesla has revealed that it still holds digital assets worth approximately USD 222 million, despite previously stating that it had sold 75 percent of the bitcoin it held on its balance sheet. The sale resulted in a USD 64 million profit for the company. Tesla's most recent bitcoin (BTC) sale

Despite the crypto decline in 2022, Nansen has registered over 130 million addresses. Despite the yearlong fall in cryptocurrency markets, Nansen has reported significant growth. Alex Svanevik, Nansen's CEO and co-founder, said the company has registered over 130 million addresses and expanded 30% despite the crypto collapse. Svanevik ascribed his

SINGAPORE — Ocean Protocol, the Web3 platform for unlocking data services for AI and business innovation, has collaborated with Acentrik, Mercedes-decentralized Benz's data marketplace, on its recently launched Enterprise Release. Acentrik is an Ocean Market fork that uses the OceanONDA V4 smart contracts and libraries. As part of the collaboration, the

DeFiChain, the world's leading Bitcoin blockchain dedicated to bringing decentralized financial applications and services to everyone, has officially announced the listing of its native DFI token on Huobi Global, one of the world's leading cryptocurrency exchanges. The token will begin trading against USDT on Huobi on July 25th at 06:

Uncollateralized flash loans are common in Ethereum-based decentralized finance (DeFi) protocols. These loans made headlines because they were used to exploit insecure DeFi protocols, causing millions in losses. Flash loans allow arbitrage and rapid trades that weren't conceivable before blockchains, say proponents. Normal loans are common. A lender gives a

Binance has made public its intention to back the forthcoming transition of Ethereum to proof-of-stake consensus. In a statement released on Wednesday, the Binance team provided specifics regarding the manner in which it intends to manage the merge during the three and four quarters of 2022. According to a statement

According to a senior executive at Ripple, DeFi is in need of a "killer app" to reach the next level. At the Blockchain Futurist Conference, a panel was questioned about the prospects for decentralized financial systems and the steps that needed to be taken to bring blockchain technology into the

Rockaway Blockchain Fund and Fabric Ventures joined Lightspeed Venture Partners in the round. Germany's Unstoppable Finance has received $12.5 million to create its DeFi wallet "Ultimate." Rockaway Blockchain Fund and Fabric Ventures joined Lightspeed Venture Partners in the round. Series A follows 4.5 million euro seed round in

Finance decentralized TVL is down 66%, but DEX aggregators, active addresses, and constant fund raises prove "DeFi winter" isn't here. The aggregate total value locked (TVL) in the crypto market represents cash put in smart contracts. This figure fell from $160 billion in mid-April to $70 billion, the lowest level

Former SEC advisor warns against investigating and other big crypto exchanges. The SEC will apparently investigate Coinbase for listing cryptoassets it alleges are unregistered securities. J.W. Verret, a securities and finance law professor at Antonin Scalia Law School, supports the exchange. Verret, who sat on an SEC advisory committee,

Fairfax County Retirement Systems, a US pension fund with USD 6.8bn in assets, is looking to participate in crypto lending markets to boost its returns, indicating that some significant financial firms are not scared off by the prolonged market collapse. Katherine Molnar, CIO of the Fairfax County Police Officers

Over USD 36m has been restored to Nomad Bridge's official fund recovery account, which was looted of USD 190m last week in "the first decentralized robbery." Etherscan transactions show the recovery wallet owns $36.4m in crypto. Etherscan has labeled the wallet the "official Nomad funds recovery address." It has

According to the protocol, the source of the hack has been "identified and rectified." [Creative Commons] According to a snapshot of the protocol's wallet that was published on Twitter late on Tuesday, cybercriminals stole around $570,000 worth of cryptocurrency from the decentralized finance (DeFi) system Curve.Finance. The operators

Chainwire, Majuro, Marshall Islands, July 25th, 2022 Gate.io, one of the world's leading cryptocurrency exchanges, recently updated its VIP and Market Maker tiered rebate scheme. Maker rates in the MM tiers are now as low as -0.012 percent, with a 0 percent Maker fee in VIP tier levels