News

UwU Lend Suffers From Stealth Attack, Offers $5M Bounty

Decentralized lending protocol UWU Lend has suffered two flash loan exploits totalling $23.7 million. After the second attack, the project announced a $5 million bounty for identifying the hacker.

Yagyesh Jaiswal

UWU Lend continues to face challenges from the repeated attacks. With no identification of the hacker yet, only time will tell if the sizable bounty incentivizes someone to come forward with useful information.

MicroStrategy Issues $500M Convertible Notes for BTC Investment

MicroStrategy plans to issue $500 million in convertible notes to finance additional Bitcoin purchases, reinforcing its investment strategy in the volatile cryptocurrency market.

Yagyesh Jaiswal

MicroStrategy is set to issue $500 million in convertible notes aimed at financing further Bitcoin acquisitions, solidifying its investment in the cryptocurrency amidst market fluctuations.

Biden Admin May Accept Crypto Amid Voter Interest

Explore how the Biden administration's consideration to accept cryptocurrency donations reflects the growing influence of crypto as a key voter issue in the upcoming 2024 election.

Yagyesh Jaiswal

The Biden campaign is reportedly considering accepting cryptocurrency donations to attract tech-savvy voters and counter criticism from the crypto community, reflecting the growing significance of cryptocurrency in US electoral politics.

Do Kwon and Terraform Labs Agree $4.5B Settlement

Terraform Labs and its founder Do Kwon have agreed to pay $4.5 billion to settle civil fraud charges brought by the SEC over the collapse of TerraUSD and LUNA in 2022.

Yagyesh Jaiswal

The massive $4.5 billion settlement would see Kwon and Terraform permanently banned from dealing in crypto securities, sending a strong deterrent message in the industry, if approved by the judge.

Bitcoin Skyrockets to $69K Following US CPI Data

Bitcoin surges past $69,000 after the US CPI for May reveals a decline, indicating the lowest core inflation rate since April 2021, sparking optimism in the cryptocurrency market.

Yagyesh Jaiswal

The latest release of the US Consumer Price Index (CPI) for May indicated a decrease in inflation rates, prompting a notable surge in Bitcoin prices above $69,000. This development comes as a significant shift after months of economic uncertainties.

Australia Online Bettors Barred From Using Crypto

The Australian government has banned the use of cryptocurrencies and credit cards for online gambling in the country.

Yagyesh Jaiswal

In an effort to curb problem gambling, Australia has forbidden crypto and credit transactions for online betting. While aiming to protect citizens, the new rules may drive some gamblers to unregulated platforms.

Trump Wants the Rest of Bitcoin Mined on American Soil

Former President Donald Trump reiterated his pro-Bitcoin stance and called for more mining to be done in the US to combat foreign influence over the cryptocurrency.

Yagyesh Jaiswal

Explore Trump's recent meeting with Bitcoin mining executives and his view that increasing domestic mining can help the US dominate energy production and counter threats like a central bank digital currency.

BNB Rallies to New Heights, Elevating CZ's Net Worth

A recent rally in the price of Binance Coin (BNB) has seen the token reach an all-time high of $725, growing the net worth of Binance CEO Changpeng Zhao to $38.5 billion despite the crypto exchange facing regulatory issues.

Yagyesh Jaiswal

The surge in BNB's value highlights continued confidence in the token and associated Binance ecosystem, even as CZ serves a four-month prison sentence in the US and Binance pays historic fines relating to anti-money laundering lapses. At the time of writing, BNB has retraced slightly but remains significantly higher year-to-date.

PEPE Meme Coin Whales Stacked Up Millions Over The Weekend

Crypto whales have been accumulating billions of PEPE tokens in recent weeks. Their buying could signal an upcoming price surge for the popular meme coin.

Yagyesh Jaiswal

Crypto whale purchases of PEPE reached record levels over the past month. Their accumulation of billions of tokens suggest they foresee an impending price rally. Retail investors may soon experience FOMO, further boosting PEPE's value.

Arbitrum Boosts Gaming Sector with $222 Million Funding

The Arbitrum Decentralized Autonomous Organization has approved over $200 million worth of ARB tokens to enhance its gaming ecosystem through the new Gaming Catalyst Program.

Yagyesh Jaiswal

With this massive funding, Arbitrum aims to stimulate user engagement and development across its gaming communities, capturing the growing opportunities in the web3 gaming space.

“Crypto Industry Shifts to the Early Majority” - Binance CEO

Binance reached 200 million users, a sign crypto has expanded beyond early adopters. CEO Richard Teng shares insights on today's crypto majority.

Yagyesh Jaiswal

The largest crypto exchange Binance welcomed its 200 millionth user, indicating crypto's adoption has grown to include the early majority. CEO Richard Teng discusses this transition and Binance's mission to onboard one billion users globally.

Io.net's CEO Stepped Down Before the Network's Token Launch

io.net founder Ahmad Shadid departed from his CEO role two days before the project's IO token launch on Binance Launchpool. Here are the details of the leadership change and token distribution.

Yagyesh Jaiswal

While the timing of Shadid's exit raised questions, io.net's new CEO and others addressed the community's concerns and affirmed their commitment to growing the decentralized AI network. Regardless of the circumstances, the launch of the IO token represents an important milestone for io.net.

BTC Return to $71K Could Wipe Out $1.38B in Shorts

Traders have heavily shorted Bitcoin recently anticipating further price declines. But a rebound to $71K could see over $1.38 billion in short positions liquidated according to recent data.

Yagyesh Jaiswal

Macro uncertainty has led to increased BTC shorting. However, if the Bitcoin price can return to its June 6 level of $71K, billions in shorts could face liquidation, showing how quickly market conditions can change.

NYAG Goes After Crypto Scammers With $1BN Lawsuit

The New York Attorney General has filed a major lawsuit against two cryptocurrency companies, alleging they organized pyramid schemes that scammed over $1 billion from hundreds of thousands of investors.

Yagyesh Jaiswal

Explore allegations against NovaTechFx and AWS Mining, how they targeted vulnerable communities with false promises of returns and the steps the NYAG is taking to prosecute the case and seek justice for victims.

Ripple CTO Warns of Rising Crypto Phishing Attacks

Ripple CTO David Schwartz warns the XRP community about a new phishing scam targeting users' login details on X (formerly Twitter)

Yagyesh Jaiswal

With cryptocurrency prices rising, scammers have also returned with new deceptive tactics. Community leaders continue to educate users on safeguarding their accounts and identities from these malicious actors.

US Lawyers Plead for Binance Execs Wrongly Jailed in Nigeria

A group of over 100 former US federal prosecutors have written to Secretary of State Blinken calling for urgent diplomatic intervention to secure the release of Tigran Gambaryan from Nigerian detention.

Yagyesh Jaiswal

As calls grow for the Biden administration to put pressure on Nigeria over Gambaryan's case, his prolonged imprisonment without due process raises serious human rights concerns.

VanEck Predicts Ethereum to Hit $22,000 by 2030

Explore VanEck's analysis predicting Ethereum to hit $22,000 by 2030, highlighting its potential to disrupt finance and tech with a broad user base and significant economic activity.

Yagyesh Jaiswal

VanEck predicts Ethereum could reach $22,000 by 2030, driven by its potential to disrupt traditional sectors and command a substantial market cap, despite facing regulatory and competitive risks.

Fidelity Recommends Modest Bitcoin for Long-Term Portfolios

Fidelity's Matt Horne recommends a modest Bitcoin allocation in long-term portfolios, highlighting potential benefits despite the asset's volatility and recent market hesitations.

Yagyesh Jaiswal

Fidelity suggests small Bitcoin investments could benefit long-term portfolios, balancing potential risks with significant historical performance gains.

House Bill Targets SEC’s SAB 121 Amid Budget Talks

Discover how the latest House Appropriation bill could impact the SEC's enforcement of SAB 121, amidst broader discussions on digital asset regulation and budget allocations.

Yagyesh Jaiswal

The House Appropriations Committee introduces a bill to block SEC from using federal funds to enforce SAB 121, amidst wider debates on crypto regulations and budget negotiations.

Bitwise CIO: Market Underestimates Washington’s Crypto Policy Shift

Bitwise CIO Matt Hougan asserts the market is underestimating Washington's positive shift on crypto policy, which could significantly impact future investments.

Yagyesh Jaiswal

Bitwise CIO suggests the market underestimates Washington's evolving crypto-friendly stance, predicting significant market growth once regulatory uncertainties diminish.

Win Tickets to the European Championship Match with ICONOMI

Discover how ICONOMI is celebrating its merger and Netherlands launch by giving away VIP tickets to the Netherlands vs. Austria European Championship match, along with airfare and accommodation.

Yagyesh Jaiswal

ICONOMI, a leading crypto portfolio management platform, is offering an exciting opportunity to win VIP tickets to the European Championship match between the Netherlands and Austria, including airfare and accommodation in Berlin. Learn more about this amazing giveaway and ICONOMI's innovative platform.

Crypto Clash: Trump, Biden, Kennedy's Diverging Stances

Trump embraces crypto donations, Biden cautious, Kennedy vows to back the dollar with Bitcoin if elected, as crypto emerges as a key issue in the 2024 presidential race.

Yagyesh Jaiswal

The contrasting stances of Trump, Biden, and Kennedy on cryptocurrency have made it a major issue in the 2024 presidential election, with the candidates appealing to different voter bases and the crypto industry exerting growing political influence.

Thailand Welcomes Bitcoin ETFs as Global Interest Grows

Discover Thailand’s regulatory approval of its first Bitcoin ETF, marking a significant milestone in the global movement of spot Bitcoin exchange-traded funds (ETFs). Explore insights from industry experts as they highlight the sustained growth and potential impact of Bitcoin ETFs in the financial market.

Yagyesh Jaiswal

The recent approval of Thailand’s inaugural Bitcoin ETF by the Securities and Exchange Commission signifies a substantial leap in the global trend of spot Bitcoin exchange-traded funds (ETFs). With insights from industry experts, the article delves into the growing traction of Bitcoin ETFs, highlighting Thailand's emergence as the second Asian country to embrace a spot Bitcoin ETF and the sustained inflows of US-based ETFs.

Qatar Central Bank Launches CBDC Project to Modernize Finance Sector

Discover the latest milestone achieved by Qatar Central Bank in embracing digital transformation through the launch of the first phase of its Central Bank Digital Currency (CBDC) project, aimed at improving liquidity and settlement processes within the country’s financial sector.

Yagyesh Jaiswal

Qatar Central Bank marks a significant advancement in digital finance with the commencement of the first phase of its CBDC project, focusing on testing and developing applications for large payment settlements and bolstering financial market facilities.

Bitcoin-Based Meme Dog Approaches $1 Billion Market Cap

A meme coin launched on Bitcoin's layer 2 protocol Runes has seen unprecedented growth reaching a market cap of over $1 billion, making it the largest asset on the network.

Yagyesh Jaiswal

The popularity of DOG, with its cheeky name and lighthearted appeal, shows that meme coins continue demonstrating the potential for rapid growth when launched on established platforms like Bitcoin's Runes network.