Nathaniel Chastain, the former Head of Product of the leading Ethereum NFT marketplace OpenSea has been indicted by a grand jury on wire fraud and money laundering charges. Nate Chastain Indicted for ...
Tag: Cryptonews
Binance Labs Secures $500M Fund to Promote Web3 and Blockchain Adoption – crypto.news
Binance Labs has raised $500 million in a new investment fund with the backing of renowned global institutional investors. The new fund will invest in projects aimed at advancing the use of cryptocurr...
More than 55% of Optimism (OP) Airdrop Was Claimed by 100,000 Addresses – crypto.news
Optimism, a layer-2 scaling solution for Ethereum’s network, attempts to reverse the negative price dynamics by offering airdrop and involving more than 100,000 addresses claiming its airdropped token...
Total Value Locked In DeFi Protocols Declined by 40% in May – crypto.news
DeFi protocols experienced their worst month as the panic caused by Terra’s and its stablecoin UST collapse resulted in the rapid decline in the total value locked by more than 40%. Causes of DeFi Cri...
Former Real Madrid and Colombian Soccer Star, James Rodríguez, Launches his “Zurda” NFT Collection on ZKSea – crypto.news
For the over two billion soccer fans around the world, James Rodríguez needs no introduction. He is a soccer legend, adored by many, and his exploits in three continents precede his popularity. From ...
Singapore Financial Regulator Partners With Financial Industry Giants to Trial Digital Asset Use Cases – crypto.news
The Monetary Authority of Singapore (MAS), has collaborated with JPMorgan, DBS, and Marketnode, to run a digital asset pilot project exploring the use cases for tokenization and DeFi. MAS Begins Pilot...
Polygon (MATIC) Tightens KYC Requirements for Potential Crypto Investments, Grants Amid Regulatory Uncertainty in India – crypto.news
Stiff crypto regulations in India are making it difficult for businesses to invest or offer grants in the industry, a CoinDesk report notes. Polygon Increases KYC Scrutiny for Investments, Grants Poly...
Kriptomat Helps Developers Make Web3 a Reality – crypto.news
Kriptomat has introduced a pair of tools that empower development teams to onboard customers to their blockchain-based apps and services. Across the globe, visionary teams are creating digital buildin...
Solana (SOL) and Avalanche (AVAX) Show Bullish Signals – crypto.news
The global market cap of cryptocurrencies has increased by 3.66 percent on Tuesday to reach over $1.3 trillion. Bitcoin has also gained ground, rising by almost 5% to hit a new high above $32,000. In ...
Tether Reportedly has Some of Its Reserves Stored in a Bahamas Bank – crypto.news
While Tether has come under constant criticism and regulatory scrutiny for its reserves, recent reports reveal that the stablecoin issuer stored some of its reserves at a Bahamas bank. Some Tether Res...
Luna Classic Pricing Error Results in a New Mirror Protocol Exploit – crypto.news
An error in the pricing oracle software used by Terra Classic validators allowed an exploiter to drain four synthetic asset pools from the Mirror Protocol. Mirror Protocol Suffers New Exploit A dispar...
Prada Joins Premier Luxury Brands on Web3 With Ethereum NFTs – crypto.news
Prada, an Italian luxury brand, has joined leading luxury brands in Web3 and announced the June 2nd launch of its Ethereum NFTs. Prada to Drop 100 ETH NFTs Prada will offer 100 Ethereum NFTs on Thursd...
A Deep Dive Review of Presearch; the Viable Google Replacement – crypto.news
Presearch is an upcoming search engine that has its sights set on competing with Google by creating a space that doesn’t collect user data. Instead, it uses computers run by volunteers, known as “node...
How Does Tokenization Work? A Beginner’s Guide to Tokenized Assets – crypto.news
The emergence of blockchain technology has birthed the tokenization of assets, enabling the digitization of real-world and digital assets. Read on to learn what tokenization is, how it works, what it...
What Happens When All 21 Million Bitcoin Are Mined? – crypto.news
One of Bitcoin’s strongest features is its limited supply. The digital currency’s design gives it a maximum total supply of 21 million coins. Today, approximately 90 percent of bitcoin has already bee...
A Beginner’s Guide – crypto.news
Stablecoin lending is one of the most popular methods employed by crypto investors to yield on crypto assets. In this guide, you will learn how to earn interest on stablecoins using CeFi and DeFi plat...
China to Airdrop 30 Million Digital Yuan to Increase Consumer Spending – crypto.news
The city of Shenzhen will be airdropping 30 million digital yuan to residents as a way to increase people’s consumption and support businesses. Shenzhen Residents to Receive 30 Million Digital Yuan ...
Crypto Market Swims in Negative Sentiment as Market Slump Continues – crypto.news
The Fear & Greed Index has started to see some of its lowest readings recently. It is only the beginning of a downward trend as negative sentiment has reached yearly lows. Extreme Fear is Evident ...
ETH 2.0 Staking Rate Grows to 10.72% as The Merge Approaches – crypto.news
As Ethereum continues its transition to the proof-of-stake consensus mechanism, the number of staking ETH 2.0 deposit contract addresses has reached the level of 12.7 million (more than 10% of altcoin...
Merge Web3 Infrastructure Provider Secures $9.5 Million in Funding – crypto.news
Merge has successfully raised $9.5 million from its latest funding round led by Octopus Ventures, with participation from other notable VC firms and angel investors, including Coinbase Ventures, Alame...
First NFT-backed Loan Service to be Provided by Delio in Korea – crypto.news
What is NFT? NFT – non-fungible token – is a virtual token that uses blockchain technology to digitize assets by storing digital file addresses such as pictures and images in smart contracts and prove...
Cryptocurrencies Could be a Permanent Solution to Stagflation – crypto.news
Inflation is currently bullying many countries including giant economies like Canada, the US, China, and the UK. A recent CNBC report noted that inflation in the US rose by more than 8.3% in April com...
Do Kwon’s Stubborness Could Open Crypto Regulation Pandora’s Box – crypto.news
A redditor has shed light on Do Kwon’s recent problems with UST, saying it could encourage regulators to harshly view the crypto space. The UST stablecoin, and Luna crypto crashed just a few weeks ago...
Russia’s Crypto Miners Consume Over 2% of Electricity, Estimates Suggest – crypto.news
According to a recent report, the share of crypto miners in Russia’s electricity consumption has exceeded 2%. The country’s technology ministry is now calling for the sector’s regulation. Russia’s Cry...
RBI to Adopt “Graded Approach” Toward Digital Rupee Launch – crypto.news
The Reserve Bank of India (RBI) is set to adopt a “graded approach” towards the introduction of the central bank digital currency (CBDC) in India, the annual report published on May 27 notes. RBI to T...
Are Stablecoins Really Stable? – crypto.news
Stablecoins are designed to maintain a steady value throughout a transaction. However, the collapse of Terra has cast doubt on the future of all stablecoins. After depegging its value, it crashed to a...
Paraguay Finally Set to Regulate Crypto despite Opposition from the Central Bank – crypto.news
Despite opposition from the country’s central bank, Paraguay‘s Chamber of Deputies has approved the development of a crypto regulation bill for submission to the Senate. This move was started in June ...
FTX CEO Sam Bankman-Fried Says Exchange Ready to Spend Billions on Acquisitions – crypto.news
Sam Bankman-Fried (SBF), the CEO of the cryptocurrency exchange FTX said the exchange could soon be on an acquisition spree, a Bloomberg report notes, May 27, 2022. FTX Ready to Spend Money on Acquisi...
Memecoins Soar as Musk Announces Tesla, SpaceX will Accept Doge Payments – crypto.news
Elon Musk tweeted that people can use Doge to buy Tesla and SpaceX merchandise. While Tesla started accepting DOGE immediately, the timeline for SpaceX is unknown. However, Musk’s tweet caused crypto-...