The U.S Securities and Exchange Commission has launched an investigation into the Terra crash. The Terra explosion is one of the biggest busts in the crypto history. The probe also investigates the marketing of the native TerraUSD token. Fresh backlash on TFL Local news outlet JTBC reported that, “The U.S Securities and Exchange Commission recentlyContinue reading “How these new ‘money laundering’ claims tie into the Terra UST depegging fiasco”

Crypto adoption across the world is growing at a much faster pace. New data suggested four in five American retail organizations are expecting digital currency payments in the next five years. They also believe suppliers will accept payments in both stablecoins and cryptocurrencies. There is an overall high expectancy for the crypto influx in AmericanContinue reading “Report: ‘Digital currency will become legal tender in the next…’”

Ethereum developers have successfully merged the veteran Ropsten testnet with its beacon chain. This marks one of the last steps before the ultimate penultimate mainnet transition scheduled for August. In other news, whale activity is signaling a price reversal for Ethereum investors. Coming soon… Prominent Ethereum whisperer Paritosh updated on the Ropsten merge on hisContinue reading “Ethereum [ETH] and what’s to come with the ‘Merge’s’ first testnet run underway”

The curious case of Bitcoin has hit a new point today with investors now feeling bullish about its future. The king coin has seen a roller-coaster in recent months with the Terra crash plunging the crypto market. After a brief period of under-performing, Bitcoin has been back again above the long-term $30,000 support line. OnlyContinue reading “Bitcoin: Despite its recent roller-coaster ride, why are investors bullish on BTC”

Just days after its launch, the Optimism’s native token, OP faced its first major hit over a $20 million mistake. The Optimism Foundation ‘accidentally’ transferred 20 million OP tokens to the wrong multi-sig wallet. The error occurred even after two test transactions took place over the chain. Aside from the “lost” tokens, OP prices tookContinue reading “Decoding Optimism’s 36% crash and what went on behind the scenes”

Cardano is ramping up activity since Vasil fork is edging closer as we enter the second week of June. It is now up and running on the right path with major indicators leading the way for a bullish rally. IOHK has also given a timely update on the latest developments on the project. As perContinue reading “Assessing Cardano’s [ADA] health ahead of Vasil hard fork”

Senators Cynthia Lummis and Kirsten Gillibrand proposed the Responsible Financial Innovation Act on 7 June. This is the first attempt to build a comprehensive regulatory framework regarding digital assets in the United States. The bipartisan effort of Lummis and Gillibrand is regarded as a landmark bill as it attempts to integrate digital assets into theContinue reading “The A to Z of the landmark crypto bill and the community’s reactions to it”

Major analysts across the crypto industry are predicting a bear run for Bitcoin [BTC] despite a recent price surge. Furthermore, a majority of the population holding the token is also reporting a negative sentiment over the prized BTC. The question is- What has led to this negative sentiment and what has been stated about theContinue reading “Bitcoin: Bull run or a bear halt? Here’s what crypto analysts are suggesting”

The SEC vs. Ripple lawsuit has been stretching like an elastic band, and it is only a matter of time before it breaks and hurts one of the parties, leaving a monumental mark of defeat. As the much-talked-about trial entered its eighteenth month, Ripple Labs filed a reply with regard to the deficiencies in theContinue reading “Ripple submits supporting reply condemning SEC’s ‘deficient’ responses”

The meaning of “Stable” in Stablecoins changed in the month of May with the depegging of Terra. The cryptocurrency market, clenched in bear claws, is still recovering from the unhealed wounds. Already surrounded by hawkish Fed policies, the massive crash led to severe losses and some lost interest. However, despite taking into consideration the current stateContinue reading “Putting the ‘stable’ in stablecoins: How Djed & USDD are trying to make it big”

Bloomberg analyst Mike McGlone recently appeared in an interview with Kitco News. The interview that largely focused on McGlone’s views on the expanding digital assets industry also included a talk related to the future of these cryptocurrencies. In other news, Bitcoin [BTC] might be in for a surprise this weekend. Bitcoin to hit a bullseye?Continue reading “Why this analyst believes Bitcoin [BTC] could be the ‘best asset’ to own”

Hackers are much a part of the crypto ecosystem as much as investors and traders, and the Bored Ape Yacht Club (BAYC) has proved the same time and again. The NFT club once again reported a hack over the weekend through their Twitter feed. This is not the first hack on the BAYC server withContinue reading “Decoding how attackers managed to compromise BAYC Discord servers yet again”