Top News

• Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

  The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have...

• Bitcoin․com Exchange Market Insights Report for May 2022

  This is the May 2022 monthly market insights report by Bitcoin.com Exchange . In this and subsequent reports, expect to find a summary of...

• Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities

  Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that...

• Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe

  A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked...

• Luna Foundation Guard Discloses Usage of Bitcoin Reserves

  The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used...

• Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

  New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the...

• Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF

  Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list...

• Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products

  The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from...

• Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise

  Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST)...

• Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

  Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion,...

• Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

  On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s...

• Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year

  Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd...

• Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX

  Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round,...

• Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

  Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines....

• Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’

  Goldman Sachs Senior Chairman and former CEO Lloyd Blankfein has warned that companies and consumers should prepare for a recession in the U.S....

• Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week

  Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor....

• CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First

  Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also...

• Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

  Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data...

• Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 Again as Crypto Consolidation Extends   

  Bitcoin prices dropped during the hump-day session, as bulls were unable to maintain Tuesday’s gains. The world’s largest cryptocurrency once...

• 3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout

  Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm...