Maker, one of the pioneers of decentralized finance (DeFi) lending protocols on Ethereum, has recently undergone a significant rebranding to Sky. This rebranding comes with key upgrades to its decentralized stablecoin system. The stablecoin, formerly known as DAI, has now been rebranded to USDS, while the governance token MKR has been changed to SKY. The
Crypto
The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s efforts to have the $1 billion securities fraud lawsuit against him dismissed. The SEC argued, in a brief filed in a New York federal court, that Heart’s motion to dismiss does not adequately address the allegations in the complaint and disregards
In the wake of Pavel Durov’s arrest in France over the weekend, a surge of celebrities and well-known public figures have come forward to show their support for the embattled entrepreneur. The list of supporters includes high-profile names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. Durov’s arrest in France on
Bitcoin Exchange-Traded Funds (ETFs) have been on a remarkable streak recently, with over $500 million flowing into the largest US-based products in the last trading week. On the contrary, Ethereum ETFs are facing challenges, characterized by low trading volumes and frequent withdrawals. The beginning of the month was rocky for spot Bitcoin ETFs, as they
The recent statements by Federal Reserve Chairman, Jerome Powell, regarding the possibility of future interest rate cuts have sent ripples through various financial markets. This potential shift in monetary policy is not only expected to impact traditional markets but could also have significant implications for the cryptocurrency sector. In this article, we will explore how
The downfall of Heartland Tri-State Bank (HTSB) was orchestrated by its own CEO, Shan Hanes, who was sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers to a cryptocurrency wallet over the span of two months, ultimately leading to the
Shibarium, a layer-2 blockchain solution operating on the Ethereum network, was created with the intention of nurturing the growth of the Shiba Inu ecosystem. The primary objectives of Shibarium include reducing transaction costs, increasing speed, and enhancing scalability. Since its inception a year ago, the platform has achieved significant milestones, including processing over 418 million
German authorities recently carried out a crackdown on unlicensed crypto ATMs, seizing nearly 250,000 euros in cash and 13 machines across the country. The operation, led by the Federal Financial Supervisory Authority (BaFin), aimed to curb illicit activities in the rapidly expanding cryptocurrency sector. The use of unlicensed crypto cash machines has raised concerns about
The upcoming 2024 US presidential elections are poised to see a significant shift in the voter demographic, with young, pro-crypto voters potentially playing a crucial role in deciding the outcome. A recent report released by Coinbase highlights the growing influence of Generation Z and Millennials in the political arena, as they now represent 40% of
Bitcoin’s price recently surged from $60,000 to $65,000 in just 24 hours, marking a significant increase after a period of trading sideways. One of the key factors behind this sudden surge seems to be connected to the US Federal Reserve’s economic policies. The relationship between Bitcoin and the US Federal Reserve has been evident in
