Wyoming-based decentralized autonomous organization [DAO], CryptoFed has made an announcement regarding its recent filing. The DAO filed two forms with the United States Securities and Exchange Commission [SEC] to launch two versions of its interdependent stablecoins, Locke and Ducat. As per the press release shared by CryptoFed, the tokens were awaiting their registration as utilityContinue reading “American DAO CryptoFed files with the SEC, to offer utility tokens”

Although its spot price was undergoing some trials and tests finding support, Solana’s popularity has reached far and wide. This latest development will only add to its growing influence, as the Wormhole network announced the launch of the “Wormhole Token Bridge,” starting with Ethereum and Solana. The Wormhole team announced, This process will first seeContinue reading “‘Wormhole token bridge’ to allow token transfer across Ethereum, Solana”

The cryptocurrency industry has already been facing several regulatory barriers in the United States of America, and regulators have turned their gaze on stablecoins of late. While the regulatory concerns raised around stablecoins have been increasing by the day, so did the supply. As per data provided by Messari’s Ryan Watkins, the supply of stablecoinsContinue reading “Stablecoins can be ‘incredibly disruptive on a global scale’ and regulators know it”

United States authorities have been probing possible insider trading and market manipulation at Binance, and examining whether Binance or its staff members profited by taking advantage of its customers. However, as per Binance, it has a “zero-tolerance policy for insider trading,” in place. In a statement to the media, the largest cryptocurrency exchange noted, “AtContinue reading “Regulatory action intensifies, Binance asserts ‘zero tolerance’ for insider trading”

On one front, Ripple has been fighting the United States’ SEC in court. On the other, XRP hodlers are also taking the legal route. However, they are doing so not against regulators or any authorities, but Apple Inc. In a filing before the federal court in Maryland, the plaintiffs argue that Apple allowed hackers toContinue reading “XRP holders file class action complaint against Apple citing negligence”

South Korean exchanges have only a week to register and comply with new regulations that will soon come into effect. However, as predicted, the onset of new regulations will result in over 60 crypto-exchanges shutting shops. In fact, these exchanges have until Friday to inform their client base. The new regulations require exchanges to registerContinue reading “South Korea: With 60 exchanges set to close, here’s what awaits investors”

Interest in cryptocurrencies has skyrocketed this year. However, the 330% hike in Bitcoin’s value has also enticed many to get in for a quick buck. Russia’s Central Bank has taken note of this ’emotional’ trading and wants to stop it. According to local reports, to stop citizens from making ill monetary decisions, the central bankContinue reading “Here’s how Russia is planning to ‘put the brakes’ on crypto-buying”

Decentralized finance [DeFi] project SushiSwap suffered an exploit on its token platform – MISO. The attack resulted in the hacker stealing 864.8 ETH, currently worth $3 million. The incident was first brought to light by Chief Technology Officer Joseph Delong who tweeted, As an important project in the DeFi ecosystem, this supply chain attack couldContinue reading “Exec issues FBI warning as SushiSwap’s MISO suffers $3M exploit”

This season of the crypto-market has highlighted altcoins and altcoin projects that have been striving to bridge the gaps existing in the industry. Avalanche is one such project, with the same in the news today after it raised $230 million from the sale of its cryptocurrency, AVAX. According to the foundation behind the blockchain, AvalancheContinue reading “Avalanche raises $230M following sale of >1500% returning AVAX”

Although Ripple is fighting regulators in the United States, its reach around the world has continued to grow. The blockchain firm is in the news today after RippleNet onboarded United Kingdom-based payments company Paydek. This was first announced by Ripple’s Head of European Development, Sendi Young. This deal will help the payment company bring real-timeContinue reading “RippleNet onboards UK-based Paydek to expand in Africa, Latin America”

Some cryptocurrency users have been using digital assets to buy not only pizzas or coffee, but real estate too. This has been a rising trend, especially in countries like Uruguay. In fact, the trend has become so popular that a Montevideo-based notary has approached the General Tax Directorate [also known as the DGI] to getContinue reading “Uruguay lacks full clarity, but crypto real estate ‘exchanges’ could be a reality soon”

Prominent United States cryptocurrency exchange, Coinbase saw a swarm of investors buy its “junk-bond.” The firm increased its size of the sale from $1.5 billion to $2 billion of debt, as per reports. The demand was so massive that at least $7 billion worth of orders were placed in competition, for equal quantities of seven-yearContinue reading “For Coinbase, these aspects ‘offset’ its ‘investment grade credit strength’”