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RUNE, the native token of THORChain, has rallied over 70% in August even as most other major cryptocurrencies declined. The price of RUNE sat near $1.60 at press time, up from lows around $0.90 earlier this month. What's Behind RUNE's Surge? According to analysts,
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Decentralized lending protocol Exactly suffered an exploit on Friday, becoming the latest DeFi bridge hack victim. The platform confirmed it was investigating a security issue and had paused transactions. Cybersecurity firms reported that over $7 million worth of Ethereum was stolen by exploiting Exactly's smart contracts. Ongoing Bridge
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Cryptocurrency exchange Kraken announced it has added support for PayPal's recently launched stablecoin PYUSD. Kraken enabled PYUSD deposits on August 18th and will begin trading pairs against USD and EUR on August 21st. It joins a growing list of platforms accepting the new stablecoin. Mainstream Backing PayPal unveiled
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OpenSea announced it will disable its Operator Filter starting August 31st, as rival NFT marketplace Blur continues rising in market share. The Operator Filter let creators blacklist platforms not enforcing royalties. But Blur's incorporation of royalty-optional Seaport protocol enabled its volume to surpass OpenSea's recently. Shifting
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Billy Markus, co-creator of popular meme token Dogecoin, recently offered his perspective on crypto investing best practices and favorite assets. In a thread, Markus stated his number one rule is to never invest more money than you'd be willing to lose completely. "My #1 rule of crypto
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NFT marketplace OpenSea is facing criticism after announcing plans to make payment of royalties optional for secondary sales. Investor Mark Cuban and project creators including Yuga Labs objected to the change. On Thursday, OpenSea said it will stop enforcing creator royalties, which are typically 2.5-10% fees paid to artists
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Taiwan recently announced a draft amendment to create a new business category for crypto-related companies. This move could empower the formation of industry associations to drive self-regulation in the country's crypto sector. The proposal from Taiwan's Ministry of Economic Affairs would add "digital asset services&
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America's largest banks reported a combined $18.9 billion in losses on bad loans in Q2 2022, a steep increase from previous quarters. JPMorgan Chase, Capital One and other major lenders saw loan "charge-offs" rise 75% versus last year as interest rate hikes cause more borrowers
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Central bank digital currencies (CBDCs) are expected to see massive growth, with transactions increasing 260,000% between 2023 and 2030 according to one report. But will CBDCs provide convenient digital money or increase government surveillance? 105 countries are exploring CBDCs in 2023, but only a few have fully implemented them
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Parallel, a sci-fi gaming ecosystem, has seen its PRIME token double in value since the July 31st beta launch of its flagship digital trading card game. The price increase comes as Parallel finally begins to see rewards for years of effort, according to crypto educator DeFi Dad. He told The
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API3, a leading oracle data provider in the crypto sector, is launching a new phase for its decentralized API (dAPI) project. This next stage introduces managed aggregated data feeds for dAPI users. Oracles bring real-world data onto blockchains to power smart contract functionality. But typically, oracle providers rely on a
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Shytoshi Kusama, the anonymous lead developer behind meme coin project Shiba Inu, delivered an ambitious keynote speech at the recent Blockchain Futurist Conference in Toronto. His talk, titled "Dear Humanity," laid out a sweeping vision for the cryptocurrency industry's potential global impact. Kusama acknowledged the world&
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An anonymous cryptocurrency whale recently moved approximately $40 million worth of Shiba Inu (SHIB) tokens after holding them for just one day, according to data from the Ethereum blockchain. On August 17, a transaction of 4.65 trillion SHIB, worth around $40 million at current prices, was sent from one
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Polygon's zero-knowledge rollup, zkEVM, has reached new highs across several metrics five months after its mainnet launch in March 2023. However, competition from other emerging zk-rollups has been stiff. According to Polygon's team, zkEVM has seen impressive organic growth. Its total value locked (TVL) recently hit
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Cryptocurrency exchange Coinbase has started a new initiative called the "Stand with Crypto Alliance" to encourage crypto supporters to directly engage with U.S. lawmakers. The campaign has already attracted over 54,000 sign-ups since launching in mid-August. The goal is to foster communication between crypto advocates and
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The recent cryptocurrency market crash has dealt a serious blow to Cardano (ADA), with holder profitability dropping to the lowest levels on record. 91% of ADA Holders are in the Red According to data from on-chain analytics firm IntoTheBlock, 91% of Cardano holders are currently underwater on their positions as