Ledger, a popular provider of crypto hardware wallets, has received criticism from its users after releasing an update that has raised security concerns. While the company has defended the update, experts and crypto holders are distancing themselves from the provider. The Issue The controversy began after a Reddit user raised questions about whether Ledger has
The European Union’s Economic and Financial Affairs Council has given unanimous approval to the Markets in Crypto-Assets (MiCA) regulation. The MiCA bill was also passed by the EU Parliament last month. The legislation sets out a comprehensive framework for regulating the crypto industry in the EU, including rules for utility tokens and stablecoins. The bill
Bitcoin Cash (BCH) advocates have unlocked new possibilities with the annual upgrade that took effect on May 15, 2023. With the new upgrade, they can now mint and engage in transactions involving tokens built on the BCH blockchain. This development, called Cashtokens, allows for token creation and transactions to be verified by the BCH network
A panel of lawmakers in the United Kingdom has recommended regulating the trading of unbacked cryptoassets, such as Bitcoin and Ether, as gambling rather than a financial service. The lawmakers stated that the lack of intrinsic value and the price volatility of these assets will inevitably pose significant risks to consumers. Regulating as gambling The
Lido DAO’s price has surged by 40% to reach $2.21, its highest in three weeks, after hitting a local low of $1.57 four days ago. Although the crypto market as a whole has risen by only 4.5% since May 12, LDO has outperformed other top-ranking crypto assets like Bitcoin and Ether. But what are the
Ether’s price has been struggling to maintain its $1,800 support level since May 12, and investors are facing pressures from a worsening regulatory environment for cryptocurrencies. The United States Securities and Exchange Commission (SEC) recently responded to Coinbase’s petition for clear crypto regulation, stating that rulemaking may take years, and enforcement actions will continue in
Worldcoin, the blockchain biometrics project co-founded by OpenAI CEO, Sam Altman, announced a $100 million funding deal this week. The latest round of investors includes both new backers and previous seed round investors such as a16z, Coinbase’s venture capital division, Khosla Ventures, and Sam Bankman-Fried. Despite the significant drop in venture funding for Web3 startups
Epic Games, the company that brought us the Unreal Engine and Fortnite, has announced a partnership with the LEGO Group to create a “family-friendly” Metaverse that is enjoyable and safe for users of all ages. This collaboration comes after Epic Games’ $2 billion funding round to accelerate its Metaverse ambitions. Combining Expertise for a Safer
Launchpad XYZ has a grand vision for the future of web3, where all aspects of decentralized finance, NFTs, play-to-earn gaming, and the metaverse are accessible through a single hub. To achieve this goal, Launchpad XYZ is conducting a presale of its $LPX utility token, which has already raised over $450,000, indicating strong interest in the
Celsius, the bankrupt crypto lending firm, is eager to retrieve its staked Ether (ETH) stash from liquid staking platform Lido. It has initiated the process of withdrawing its Lido Staked ETH (stETH) from the protocol. It has requested the withdrawal of 428,084 stETH in batches of 1,000. The stash is valued at approximately $784.7 million
Meme coins have been making waves in the cryptocurrency world, and it seems that April and May 2023 are the months for these coins. Despite being a parody coin ecosystem, meme coins have seen exponential growth and have been one of the highest profit grosses in an ecosystem impacted by macro-economic events. Saudi Pepe One
China’s State Councilor and Foreign Minister, Qin Gang, held talks with French Minister for Europe and Foreign Affairs, Catherine Colonna, in Paris last week to discuss their countries’ strategic partnership. Both Qin and Colonna viewed French President Emmanuel Macron’s state visit to China as a complete success. They stated that the French leader had an
The PEPE memecoin has become the latest sensation in the cryptocurrency world, with its frog-themed coin making many people millionaires overnight. However, the frenzy surrounding the coin has also led to the creation of numerous scam tokens. Scams and Frauds Blockchain security firm PeckShield has identified at least 10 memecoin scams, including PEPEDOGE, PEPEC, WOW,
Web3 payments refer to payments made using cryptocurrencies and blockchain technology. There are several benefits to using Web3 payments over traditional payment methods. Firstly, cryptocurrency payments are faster and more secure due to the immutable nature of blockchain technology. Secondly, they have lower transaction fees, which can significantly increase a merchant’s profit margins. Thirdly, they
Kim Nam-kuk, a representative in the South Korean National Assembly, has announced his departure from his political faction due to a growing scandal surrounding his alleged cryptocurrency dealings. In a Facebook post on Sunday, Kim stated that he would briefly leave the Democratic Party in order to not be a burden on the party and
Tether (USDT), a stablecoin issuer, has emerged as the preferred stablecoin amid the recent banking turmoil in the United States. According to the latest attestation report, Tether has recorded a net profit of almost $1.5 billion in Q1 2023. Tether’s Reserves and Investments Tether’s excess reserves reached an all-time high of $2.44 billion in Q1,
A recent study conducted by Goldman Sachs has found that 32% of family offices globally have exposure to digital assets, non-fungible tokens (NFTs), or decentralized finance (DeFi), while 26% have explicitly invested in cryptocurrencies. The survey contacted 166 family offices in the Americas, Europe, the Middle East, Africa, and Asia-Pacific to determine how their investment
Bitcoin attempted to surpass $27,000 recently, but it failed due to low weekend trading volumes, and has remained relatively stagnant. The altcoins have also not seen any significant price movements, with ETH currently holding onto $1,800 and BNB increasing to $310. The past few days have not been kind to the primary cryptocurrency, with it
According to a report by market intelligence firm Messari, the Tron blockchain experienced an increase in usage during the first quarter of 2023. The network activity remained mostly unaffected by several lawsuits announced by the US Securities and Exchange Commission (SEC) against Tron ecosystem tokens. The Tron blockchain’s native token, TRX, witnessed a nearly 20%
Bitcoin has recovered from a recent slump, during which it fell below $26,000 to reach a two-month low. However, the asset has since bounced back and reclaimed $27,000. Although bitcoin had reached a multi-day high of $28,400 after the release of US CPI numbers for April, this pump was short-lived and followed by a severe
Harvard economics professor Kenneth Rogoff has shared his thoughts on the U.S. economy, a potential U.S. default, and the risk of a global financial crisis in a recent interview. Rogoff, who is the Maurits C. Boas Chair of International Economics at Harvard University and a former Chief Economist and Director of Research at the International
After days of congestion, the backlog of unconfirmed bitcoin transactions is finally starting to clear up as miners catch up. According to statistics from mempool.io, high-priority transactions were priced at $3 per transfer, while low-priority transactions cost $2.23 per transfer on May 11. However, onchain fees have significantly subsided over the past three days. A
Larva Labs is a company that has revolutionized the world of Non-Fungible Tokens (NFTs) since its inception in 2017. Founded by Matt Hall and John Watkinson, who have a rich background in technology and creativity, Larva Labs has introduced groundbreaking projects such as CryptoPunks, Autoglyphs, and Meebits. CryptoPunks, the first project by Larva Labs, was
Meme coins have become the latest sensation in the crypto market, with some assets generating significant returns and gaining support from public figures. However, finding the best value-driven meme coins can be challenging, especially for new investors. One of the top picks among the trending cryptocurrency coins today is $HOMER, the native coin of Homer
Bitcoin (BTC) is on track to finish the week with a cut of over 5%, pulling several altcoins down with it. However, the cryptocurrency saw a solid bounce on May 12, with analysts anticipating a potential recovery. Concerns Over Bitcoin According to Material Indicators, the lack of “whale” support at lower levels could be a
The ongoing banking crises in the financial sector and recent interest rate hikes by the Federal Reserve have left investors feeling uncertain. Treasury Secretary Janet Yellen’s forecast of an impending recession has only added to this unease. This pessimistic outlook has also affected the crypto industry, which has seen a decline of 0.01% in the
The lower house of the Russian parliament, the State Duma, is set to adopt four laws related to cryptocurrency during its spring session, which ends on July 30. The parliamentary Financial Market Committee chairman, Anatoly Aksakov, revealed that the bills will regulate cryptocurrency mining, cross-border crypto payments, taxation of digital assets, and liability for their