Coinbase’s New Layer 2 Blockchain, Base, Has Rocky Rollout
The much-anticipated protocol struggled to process user transactions, then became the target of some Twitter shade for changing some...
The SEC’s Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon
The SEC’s lawsuit against Terraform Labs alleges that terraUSD (UST), and nearly every token it issued, are securities.
SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount
The U.S. securities regulator has now issued dozens of actions outlining how it defines a crypto security and which...
Bitcoin Hovers Near $24K as Investors Mull Economic Uncertainties
Bitcoin was trading sideways over the past 24 hours, while ether has risen 2.1%.
Kraken’s Head of OTC Options Trading: Investors Are Still Interested In Crypto, Staking
“What we’ve seen is that the trading interest remains really strong both for proof-of-work networks as well as proof-of-stake...
Alameda-Backed Crypto Trader Folkvang Is Still Standing Despite Big Hit From FTX’s Demise
The firm, which managed as much as $400 million in 2021, had half of its equity parked on FTX...
IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
Outright crypto bans aren’t ideal but shouldn’t be ruled out, the International Monetary Fund leadership said
Bitcoin Mining Consulting Firm Sabre56 Raises $35M to Build 150MW of Hosting Sites
The company is moving into the hosting business and says it already has a "waiting list" of clients.
Ransomware Gang Conti Has Re-Surfaced and Now Operates as Three Groups: TRM Labs
The sanctioned hacking group with Russian origins is now operating as Black Basta, BlackByte and Karakurt, blockchain intel firm...
DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum
Synthetix holds over $450 million in locked tokens over the Ethereum and Optimism networks.
Bitcoin Stuck in Bearish Elliott Wave Pattern Despite 47% Rally, QCP Capital Says
In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other...
SEC Objects to Binance.US’ $1B Voyager Deal, Alleging Sale of Unregistered Securities
Federal and New York regulators object to a billion-dollar deal they say may be unlawful and discriminatory as they...
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or...
Israel’s Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement
The Bank of Israel also recommends a ban on algorithmic stablecoins if they become widely used for payments.
How Hong Kong Is Gearing Up to Regulate Stablecoins
Requiring foreign entities that have already issued stablecoins to set up a Hong Kong entity might create complications.
Decentralized Storage Protocol Starts Beta Testing, Will Allow Users to Buy or Rent Storage
The platform has 2,500 nodes, with storage costs averaging 50 cents per terabyte per month.