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Author: Chris Smith

I am a crypto enthusiast and believe in the potential of cryptocurrencies and blockchain to revolutionize the financial world as we know it. I have been covering crypto news for over 6 years and truly believe the media can contribute to the mass adoption of digital assets.

USDT’a Market Caps Reaches New High

Reading Time: < 1 minute
The total market value of Tether (USDT) has reached a new record at $83.4 billion, surpassing its previous record from May 2022 of $83.2 billion.

June 5, 2023June 4, 2023 Chris Smith News

TON Foundation Makes Proposal to Burn Half of Network Fees

Reading Time: < 1 minute The TON Foundation has put forward a proposal to introduce a burn mechanism on the TON network, aiming to destroy 50% of all transaction fees.

June 2, 2023June 2, 2023 Chris Smith News

dWallet Labs Finds $500M Vulnerability in TRON Multisig Accounts

Reading Time: < 1 minute Cybersecurity team 0d from dWallet Labs has recently identified a critical multi-signature vulnerability in the Tron network that has affected approximately $500 million in assets.

June 2, 2023June 2, 2023 Chris Smith News

Ede Finance Developers Confess Price Manipulation as a Result of Hack

Reading Time: < 1 minute The project team admitted to their manipulation and promised to return the stolen funds to the hacker, minus 10%.

June 1, 2023June 1, 2023 Chris Smith News

Trading Volume on Exchange Minswap Rises to Record High Due to Meme Coins

Reading Time: < 1 minute Daily trading volume on the Cardano-based decentralized exchange Minswap spiked to $20.93 million in late May, up from around $1-2 million previously.

June 1, 2023June 1, 2023 Chris Smith News

ExCoinbase Employee to Cooperate in Future SEC Investigations

Reading Time: < 1 minute Ishan Wahi, a former Coinbase employee, has reached a settlement with the US Securities and Exchange Commission (SEC) over insider trading charges related to the front-running of token listings.

May 31, 2023May 31, 2023 Chris Smith News

$500 Million at Risk Due to Tron Vulnerability

Reading Time: < 1 minute The cybersecurity research team 0d at dWallet Labs identified a critical vulnerability on the Tron blockchain network that threatened $500 million, and the issue was quickly and effectively resolved.

May 31, 2023May 31, 2023 Chris Smith News

USDC Dominance Index Falls to 23% in a Year

Reading Time: < 1 minute USDC’s dominance plummeted from 34.88% to 23.05% over the 12-month period.

May 30, 2023May 30, 2023 Chris Smith News

Former Greek Finance Minister: Banking Sector is “Fairly” Afraid of CBDCs

Reading Time: < 1 minute Economist and former Greek Finance Minister Janis Varoufakis has observed that banks in the US, such as JPMorgan, are fearful of the potential implications of central bank digital currency (CBDC) on their businesses.

May 30, 2023May 30, 2023 Chris Smith News

Norway to Develop its Own Digital Currency Market Regulation Model

Reading Time: < 1 minute The Bank of Norway released last week a report focusing on the advancement of the state’s monetary system.

May 29, 2023May 29, 2023 Chris Smith News

JPMorgan: Bitcoin Will Hit $45,000

Reading Time: < 1 minute Analysts at JPMorgan Chase concluded that a troy ounce of gold currently valued at $2,000 is equal to $45,000 in Bitcoin.

May 29, 2023May 29, 2023 Chris Smith News

Sam Altman’s Worldcoin Attracts $115M

Reading Time: < 1 minute Tools for Humanity has recently raised $115 million in a Series C funding round.

May 26, 2023May 26, 2023 Chris Smith News

Binance Launches NFT Loans on its Marketplace

Reading Time: < 1 minute The NFT marketplace of cryptocurrency exchange Binance has just added the possibility of borrowing cryptocurrencies using NFTs as collateral.

May 25, 2023May 25, 2023 Chris Smith News

Winklevoss Twins to Expand Gemini into British Market

Reading Time: < 1 minute Cameron and Tyler Winklevoss, the founders of cryptocurrency exchange Gemini, have revealed their plans to open a second headquarters in London.

May 25, 2023May 25, 2023 Chris Smith News

Michael Saylor: Big Banks Will Work With BTC

Reading Time: < 1 minute Michael Saylor, CEO of MicroStrategy, is optimistic about the future of the crypto market in the US.

May 24, 2023May 24, 2023 Chris Smith News

TRM Labs Says Hacker Damage Reduction is Due to Sanctions Against Mixer Tornado Cash

Reading Time: < 1 minute The first quarter of 2023 saw a marked decrease in the amount of damage from hacks of DeFi protocols.

May 24, 2023May 24, 2023 Chris Smith News

Crypto Exchange BitMEX to Receive a License in Hong Kong

Reading Time: < 1 minute BitMEX is launching a dedicated service through a mobile app for Hong Kong residents to adhere to the new regulations proposed by the SFC.

May 23, 2023May 23, 2023 Chris Smith News

Switzerland Raises BTC Tax Threshold to $1.67 Million

Reading Time: < 1 minute The local government of the Swiss canton of Zug has increased the minimum taxation that can be paid with Bitcoin and Ethereum from 100,000 CHF to 1,500,000 CHF.

May 22, 2023May 22, 2023 Chris Smith News

Ripple CEO: Companies Will Leave US Due to Strict Crypto Regulation

Reading Time: < 1 minute Brad Garlinghouse, the CEO of Ripple, has repeated his stance that American regulatory policies might drive crypto firms to relocate to other jurisdictions.

May 19, 2023May 19, 2023 Chris Smith News

Binance Enables Trading Through TradingView

Reading Time: < 1 minute Binance has announced that traders can now use its TradingView charting and analytics platform for direct spot trading.

May 19, 2023May 19, 2023 Chris Smith News

Tether to Allocate Up to 15% of Profits to Acquire BTC

Reading Time: < 1 minute Tether, the USDT stablecoin issuer, has revealed that from May 2023 onwards, it will be allocating up to 15% of its net realized operating income to buying Bitcoin.

May 18, 2023May 18, 2023 Chris Smith News

Mining Firm Bitfarms Mined 1,297 BTC in Q1 2023

Reading Time: < 1 minute Bitfarms mined 1,297 BTC with a direct cost of $12,500 per Bitcoin and an average selling price of $22,500 in the first quarter of 2023.

May 18, 2023May 18, 2023 Chris Smith News

Minneapolis Fed President Is Unsure About Benefits of National CBDC

Reading Time: < 1 minute Kashkari is doubtful about the project to create a national currency figure (CBDC), claiming that it is unlikely to contribute to the modernization of the state’s financial system.

May 17, 2023May 17, 2023 Chris Smith News

Crypto Miner Riot Platforms Demands $26M from Mining Firm Rhodium

Reading Time: < 1 minute Riot Platforms has filed a lawsuit against Rhodium Enterprises for over $26 million.

May 16, 2023May 16, 2023 Chris Smith News

Polygon Co-Founder Introduces a Scholarship Program for Web3 Developers

Reading Time: < 1 minute Sandeep Nailwal, co-founder of Polygon, and Symbolic Capital, a venture capital fund, have announced the launch of the Nailwal Fellowship program.

May 16, 2023May 16, 2023 Chris Smith News

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