BlackRock Bitcoin ETF attracts controversy
A BlackRock Bitcoin ETF has sparked controversy among the crypto community as they determine if the $10T asset manager is their savior or doom. BlackRock is known to own large amounts of shares in most public companies.
Tether USDT de-pegs as Curve 3Pool destabilizes
Tether’s USDT traded on a discount of up to 0.25% on June 15, 2023, due to imbalances in Curve 3Pool. Curve 3Pool is one of the most popular pools for stablecoin trading in decentralized finance. Therefore, a miscalculation or imbalance of reserves can affect its stablecoins.
Tether CTO clarifies the minting of a new $1B worth of USDT on the ETH network
Tether CTO Paolo Ardoino has taken to Twitter to clarify why the issuer has minted a billion USD coins. He says the new coins will facilitate chain swaps and won’t mix with the issued market cap.
Atomic Wallet losses $35 million in a crypto hack
Atomic Wallet was hacked last week losing upwards of $35 million. Now, North Korea seems to have been caught in another crypto hacking controversy as experts believe that it could be the perpetrator.
CFTC, Coinbase, and Robinhood to testify in Congress over draft crypto bill
CFTC, Coinbase and Robinhood have been called up to testify in the U.S. on June 6, 2023, regarding a newly proposed crypto regulation bill
Texas comes out in support of Bitcoin mining
Texas has shown continued support for Bitcoin mining after passing two bills to help provide incentives to miners
Tether set to mine Bitcoin using green energy in Uruguay
Key PointsTether to do more than minting USDT; Bitcoin in mind Key Points Stablecoin company, Tether, said on May 20, 2023, that it would commit its resources to mining Bitcoin in Uruguay using renewable energy. As Bitcoin halvings increase, Bitcoin's mining hash rate...
Tron Network had a $500M risk, says security firm
Tron Network has been discovered to have a $500M vulnerability. This vulnerability was first discovered in February and reported to the right team, which was resolved in a few days. Today, the research team at dWallet Labs published an article detailing how they discovered the zero-day vulnerability in Tron’s multi-signature accounts and helped resolve it.
Bitcoin price trades at $5K cheaper at Binance Australia as customers seek to exit the crypto market
Bitcoin Price in Binance Australia has been trading at around $5,000 lower than the international markets as customers seek to exit the market. On May 18, the exchange informed its customers that it would suspend the Australian Dollar following issues by its third-party services provider.
Binance appoints Richard Teng as head of regional markets outside the US
Binance, the world’s largest crypto exchange by daily transaction volume, has promoted Binance Singapore CEO Richard Teng to oversee all regional markets apart from the U.S. The exchange seeks to increase its international presence as it continually faces scrutiny from U.S. regulators over compliance issues.
Crypto and finance experts reflect on U.S. crypto regulation efforts
Crypto regulations in the U.S. have been a hot discussion point in the past months, with specialists citing harsh regulation. In under 6 months, the U.S. regulators, including but not limited to SEC and CFTC, have charged numerous high-profile individuals and organizations in the U.S.
DRC-20 tokens drive record-breaking surge in Dogecoin transactions! Is Elon Musk getting involved?
The introduction of the DRC-20 token standard has caused a surge in daily transactions on the Dogecoin chain, surpassing Bitcoin and Litecoin at its peak.