Texas wants a digital currency that can be traded for gold and cash, while other US authorities have proposed introducing a Central Bank Digital Currency (CBDC) managed by the Federal Reserve, which could be manipulated in the same ways as the dollar. Senator Bryan Hughes submitted Senate Bill 2334, and
April 10, 2023 1 min read
With a 70% increase this year, Bitcoin (BTC) has reached its highest price in nine months, substantially over $29,000. While the derivatives market has been revitalized by the recent upswing, total leverage use is still modest, indicating a minimal probability of “liquidations-induced” severe price movements. For almost three weeks, the
April 10, 2023 1 min read
This weekend, security company PeckShield discovered a significant flaw in the DeFi protocol SushiSwap, namely in the ‘RouterProcessor2’ contract, which is used for trade routing on the SushiSwap exchange. In other words, consumers unwittingly give the exploiter access to their tokens by approving the fraudulent contract. PeckShield tweeted: “It seems
April 9, 2023 2 mins read
Myria, a layer-2 blockchain gaming platform, has introduced its native MYRIA token on the OKX trading platform. The MYRIA token generation event (TGE) and 45,000,000 MYRIA Airdrop have been announced by the Ethereum-based platform. In addition to OKX, MYRIA has announced its listing on other exchanges, such as Kucoin. Using
April 9, 2023 2 mins read
Industry heavyweights are in legal hot water as a result of the worldwide financial crisis sparked by the failure of the Crypto-friendly Silicon Valley Bank (SVB). Underwriters including Goldman Sachs Group Inc, Morgan Stanley & Co., and Bank of America Corp, as well as SVB’s auditor, KPMG LLP, have allegedly
April 8, 2023 1 min read
The fees on LooksRare, a marketplace for non-fungible tokens (NFTs), have been reduced by 75% as part of the platform’s update to version 2, the firm said on April 6. In LooksRare version 1, the commission rate was 2%. In version 2, this was cut down to 0.5%. Moreover, v2
April 8, 2023 2 mins read
OpenSea, a leading NFT marketplace, unveiled a new aggregator platform with “deepest liquidity” and “fastest speeds,” as well as $0 costs for a limited time. This comes after intense competition from Blur. OpenSea rebranded the marketplace from Gem to “OpenSea Pro” after acquiring it in April of last year. This
April 6, 2023 2 mins read
The community has spoken out against the chaos that was produced by the initial governance proposal for Arbitrum, hence the company leading the development of the layer-2 scaling network, the Arbitrum Foundation, has announced that it would be splitting AIP-1 into multiple smaller proposals. The Arbitrum DAO voted unanimously on
April 6, 2023 2 mins read
One of the most comprehensive cryptocurrency trading platforms in the world may soon be a joint venture of three Canadian cryptocurrency exchanges: WonderFi, Coinsquare, and CoinSmart. The newest crypto news pertaining to the merger is that the three companies will serve 1.65 million consumers and have over $600 million in
April 4, 2023 1 min read
Allbridge, a multichain token bridge, had over $573,000 stolen from it, but the exploiter has apparently returned a major amount of it in exchange for a white hat reward and no legal action. On April 3, Allbridge tweeted that it had received a message from a person who has returned
April 4, 2023 1 min read