The saying that “all that glitters is not gold” is particularly true in the crypto industry. A recently launched DeFi protocol, WhaleFarm, has just stolen over $2 million from investors in what can be described as the latest rug pull in the crypto space. The decentralized finance (DeFi) project was
Pro-Bitcoin senator Cynthia Lummis has voiced her optimism over the future of Bitcoin, touting it as a possible retirement strategy. In a recent interview with CNBC, Lummis advised Americans to consider cryptocurrencies as an option to diversify their long-term savings and retirement, noting that she has already invested in Bitcoin.
Months after taking legal action against several crypto websites hosting the Bitcoin whitepaper, Craig Wright has won the legal dispute against Cobra. Recall that at the beginning of the year, Wright, who has continually claimed to be Bitcoin’s pseudonym founder Satoshi Nakamoto, issued a threat to the owners of
Despite the long list of companies waiting on the SEC to approve a Bitcoin ETF on U.S. soil, Cathie Wood’s Ark Investment Management is confident that it might get a green light from the financial watchdog. The investment firm is the latest to join the list of growing
Mexico’s central bank has reiterated its stance on cryptocurrencies, noting that the country’s ban on digital assets since 2019 is still in effect. According to a recently published document, Mexico’s apex bank, Banco de México, said that cryptocurrencies cannot be used within its financial system. The stance
Cryptocurrency exchange Coinbase has scored a major win for the crypto sector after becoming the first company to obtain a crypto custody license in Germany. The country’s Financial Supervisory Authority (BaFin) made the disclosure in a press release. The license follows legislation by Germany’s parliament in 2019 requiring
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According to data provided by crypto analytics platform Santiment, Ethereum surpassed Bitcoin in address activity for the first time on Monday. Following up on yesterday's report on #Ethereum #FUD and the buy opportunity we saw, today has marked a historic day - For the first time in #crypto
Amid China’s crackdown on Bitcoin mining operations, crypto exchange Huobi has begun restricting access to some of its services by Chinese residents. According to the exchange’s updated User Agreement, users in China will no longer be allowed to trade derivatives. The exchange recently updated its User Agreement, and
Johns Hopkins University economist Steve Hanke has voiced his excitement over the fact that Paraguay may not be accepting Bitcoin as legal tender. Recall that Paraguayan Congressman Carlitos Rejala recently clarified his pro-Bitcoin stance while speaking with Reuters. According to him, it would be “impossible” for Paraguay to follow in
In the past year, Indian investors have sunk $38.8 billion into cryptocurrencies amid the country’s unstable crypto regulatory landscape. India has been on the news on multiple occasions with regards to a crackdown on cryptocurrencies. In early February, there were reports that the Indian government was pushing a
Another decentralized finance (DeFi) protocol appears to have been exploited, but this time, it is not on the Binance Smart Chain (BSC). Reports from DeFi analytics websites RugDoc and DeFiPrime confirm that SafeDollar, a stablecoin protocol deployed on Polygon, was attacked yesterday. Following the exploit, the price of the SDO
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The Tokyo Olympics are finally here! After its postponement last year due to the pandemic, the Olympics are at last being held at the Japan National Stadium between July and August this year. Sports and cryptocurrencies appear to have a significant overlap in terms of users and demographics, and this
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Making decentralized finance safe is a massive undertaking, given the current limitations and market approaches. Most projects focus on providing rather basic security while focusing on very high returns on investment. Projects like Ultrasafe take a different approach, as their priorities are security and community engagement. A Safer Solution For
While many may have thought that Paraguay would soon follow El Salvador in accepting Bitcoin as legal tender, Paraguayan lawmaker Carlos Rejala has clarified his recent pro-Bitcoin stance. While speaking to Reuters, Rejala noted that he only wants the nation to regulate cryptocurrencies and not make Bitcoin a national currency.
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It is always the dream of every new crypto project team to improve their discoverability in the industry. This entails getting listed on major exchanges and crypto data aggregators out there. One can only imagine the joy in the heart of team members as XCarnival gets listed on CoinMarketCap. This
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Mexico’s third-richest man, Ricardo Salinas Pliego, has voiced his support for Bitcoin. According to a Sunday tweet, the billionaire wants his bank to become the first bank in Mexico to accept BTC. Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the