Author: Chris Smith
USDT’a Market Caps Reaches New High
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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.
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.
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.
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%.
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.
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.
$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.
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.
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.
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.
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.
Sam Altman’s Worldcoin Attracts $115M
Reading Time: < 1 minute Tools for Humanity has recently raised $115 million in a Series C funding round.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.