Coinbase, a prominent player in the world of cryptocurrency services, is currently embroiled in legal disputes in the United States. Accused of improper conduct, the platform has vehemently denied any wrongdoing and has even sought the dismissal of the case. Despite these allegations, both Coinbase and its CEO, Brian Armstrong, continue to enjoy positive recognition
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Coinbase CEO Brian Armstrong recently voiced his opposition to the U.S. Commodity Futures Trading Commission’s (CFTC) pursuit of enforcement actions against decentralized finance (DeFi) protocols. In a post on X (formerly Twitter), Armstrong argued that these protocols should not be considered “financial service businesses” and suggested that they should take their cases to court instead.
In the not-so-distant past, tales of crypto millionaires were a common occurrence in the cryptocurrency world. However, with the arrival of the cryptocurrency winter, these stories seemed to fade away. Yet, the recent success of PEPE has reignited the flame of hope, turning small investments into vast fortunes. Now, the burning question on everyone’s mind
Recent statements from Nasdaq executive Giang Bui suggest that an early dismissal of BlackRock’s planned spot Bitcoin exchange-traded fund (ETF) should not significantly impact its eventual success. Bui emphasizes that the rejection primarily stems from regulatory procedural issues rather than the substance or potential viability of the product. These comments provide valuable insights into the
The European Parliament has taken a significant step in regulating the cryptocurrency market by approving DAC8, a measure that introduces tax reporting requirements for crypto transactions across the European Union (EU). With an overwhelming vote of 535 in favor, 57 against, and 60 abstentions, the proposed rule has cleared its final legislative hurdle and is
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal for the sale of its Bitcoin and crypto holdings. This move comes as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX initially proposed a plan to
Pixels, a popular social browser game, has made its mark on the Polygon blockchain, establishing a strong presence in the Web3 gaming sector. With over 1.5 million on-chain transactions recorded monthly, Pixels boasts a solid user base. However, the game is now preparing for a significant transition to the Ronin platform, developed by Sky Mavis.
Cryptocurrency exchange CoinEx recently fell victim to a massive hack resulting in the loss of over $27 million. According to a report by blockchain security firm SlowMist, the hack was carried out by the notorious North Korean Lazarus Group. This revelation was also supported by well-known on-chain investigator ZachXBT, who connected the group’s address to
Stablecoin issuer Paxos has recently released its first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin. The report confirms that the coin is fully backed by assets, providing reassurance to token holders. The total assets held in PYUSD custody are equal to, or greater than, the token balance, with a current value of $44.4
In the world of cryptocurrencies, a new player has emerged—Bitcoin BSC ($BTCBSC). With its stake-to-earn model and enticing presale, $BTCBSC is quickly gaining attention and generating overwhelming hype. But is this new cryptocurrency truly a game-changer? In this article, we will delve into the features and potential of Bitcoin BSC, and explore why experts in
The cryptocurrency market has witnessed the meteoric rise of two on-chain tokens – EmotiCoin (EMOTI) and Wall Street Memes ($WSM). These tokens have gained significant attention due to their unique tokenomics and promising development roadmaps. In this article, we will delve into the reasons behind their explosive growth and explore the potential for further success.
Cryptocurrency exchange CoinEx recently experienced a security breach that resulted in unusual withdrawals from its hot wallets, where it stores exchange funds. According to official reports on September 12, the breach involved unauthorized transactions of Ethereum (ETH), TRON (TRX), and Polygon (MATIC) assets. The incident raised concerns about the security measures in place at CoinEx
Global cryptocurrency exchange CoinEx recently fell victim to a significant cyber attack, resulting in the theft of at least $29 million worth of assets. The breach was reported by crypto security platform Cyvers, which urged CoinEx to immediately suspend all deposits and withdrawals. The hack targeted the exchange’s hot wallets and involved suspicious transactions across
Tencent Cloud, in collaboration with Ankr, has unveiled its latest product, Tencent Cloud Blockchain RPC. Designed specifically for Web3 developers, this product aims to provide reliable Web3 infrastructure and essential developer services. With the goal of overcoming obstacles commonly faced in Web3 development, Tencent Cloud Blockchain RPC offers a solution that is both cost-effective and
In the crypto industry, there are many misconceptions, one of which is the belief that a project does not require a US legal opinion. However, this notion is far from accurate. Recent events, such as the legal battles between the SEC and industry titans like Binance and Coinbase, highlight the importance of obtaining a robust
The new financial promotions regulations imposed by the UK Financial Conduct Authority (FCA) have raised concerns among the cryptocurrency community. According to Delphi Labs general counsel, Gabriel Shapiro, the majority of crypto firms are likely to face challenges in complying with these regulations. While centralized exchanges and some well-established decentralized finance (DeFi) projects might find
In a troubling turn of events, popular cryptocurrency exchange CoinEx has reportedly fallen victim to a suspected hack, resulting in substantial losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. This incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Reports from reputable sources indicate that CoinEx
The blockchain world is constantly evolving, and layer-2 solutions powered by zero-knowledge (ZK) proofs have gained significant attention. And now, a new player has entered the ecosystem as Manta Network launches its ZK-as-a-service platform. Manta Pacific, a modular L2 platform, is specifically designed to support Ethereum Virtual Machine (EVM)-native decentralized applications (DApps) by utilizing ZK-proof
The rise of cryptocurrency has brought about a new wave of cyber attacks and hacks, with malicious actors constantly finding new ways to exploit vulnerabilities in the system. One recent example is the $41 million hack of the cryptocurrency casino Stake. The hackers behind this attack have recently made another move, transferring $328,000 worth of
A Newport resident’s unfortunate disposal of a hard drive containing 8,000 Bitcoin (BTC) has taken a legal turn, as the investor looks to file a lawsuit against the city’s local council. The individual had been attempting to gain access to a landfill site in hopes of recovering the lost cryptocurrency treasure. However, the council has
Arbitrum, a prominent layer-2 scalability solution on the Ethereum network, has been facing significant challenges recently. The price of its native token, ARB, experienced a sharp decline of 14.5% between Sept. 9 and Sept. 11, reaching its lowest point in history. This article will delve into the factors driving this movement and assess whether Arbitrum
In a recent report, it has been revealed that Luna, a subsidiary of Digital Currency Group (DCG), will be temporarily pausing some of its services in the United Kingdom. This decision comes as a response to new regulations set by the Financial Conduct Authority (FCA), which will impose restrictions on how cryptocurrency companies can advertise
While Ethereum (ETH) continues to face challenges such as slow transaction speeds and high fees, investors are shifting their attention to alternative cryptocurrencies. One such cryptocurrency that has been gaining popularity is Solana (SOL). However, recent downward trends in both Solana’s price and investor sentiment have raised concerns about its future. On the other hand,
In a recent interview, David Marcus, former President of Paypal and Head of Facebook Payments, shared his belief that Bitcoin is the universal protocol for money on the internet. While Bitcoin has faced challenges and headwinds in recent months, it remains the prominent cryptocurrency in the market. This article explores Marcus’s perspective on Bitcoin’s potential
The Enjin community is buzzing with anticipation as the highly awaited Enjin Blockchain is set to launch on September 13th. This development is expected to revolutionize the NFT gaming ecosystem, with a clear vision of democratizing access to NFTs at its core. Enjin and Efinity, two powerful communities, will merge under a unified token, ENJ,
Ethereum staking protocol, Lido Finance, has recently responded to allegations of hackers exploiting a known security flaw in the Lido DAO (LDO) token contract. While Lido did not confirm any specific exploits, it acknowledged the existence of the security flaw and reassured users that their LDO and stETH funds remain safe. SlowMist, a prominent blockchain
The Grayscale victory over the SEC has dealt a blow to the financial regulator’s enforcement efforts against the cryptocurrency industry. However, despite this landmark win, the crypto market has seen a noticeable decrease in the accumulation of crypto assets in the spot market. CCData’s latest report reveals a continued losing streak in August, with minor