Sat, April 20

FDIC Chairman Blames Crypto for Recent Bank Failures in the U.S

Poor management and a lack of liquidity were found to be major factors in the demise of Signature Bank. FDIC chairman Martin Gruenberg, on the other hand, thinks the bank should have known better about the dangers involved with cryptocurrencies or it would not have fallen so quickly. Gruenberg brought

May 17, 2023 1 min read

Justin Sun Eyes Solving Problem With Earlier Distribution of Huobi Tokens

Tron’s founder and a major player in the cryptocurrency industry, H.E. Justin Sun, has revealed a major problem with the distribution of Huobi Tokens (HT) in a tweet. According to Sun, millions of HT tokens were given away to Li Wei. The brother of Leon Li, the HT DAO’s founder,

May 16, 2023 2 mins read

Ledger Stands Firm: Wallet Recovery Tool Defended Amidst Expert Criticism

Ledger is one of the most popular hardware wallet manufacturers in the cryptocurrency realm. They have numerous wallet models available, depending on the requirements of the users. Even though hardware wallets are touted as one of the safest ways to store cryptocurrencies, a new tool has been released that could

May 16, 2023 1 min read

Feeless ETH: Redefining Crypto Transactions and Its Impact on BabyDogeCoin

A groundbreaking development in the world of crypto transactions has been introduced. Notably, a new method of buying and selling Ethereum (ETH) has emerged, promising an unprecedented feature – zero fees. Moreover, the innovation has the potential to revolutionize the way individuals engage with and transact in the popular crypto. 

May 16, 2023 2 mins read

US Secret Service Holds AMA on Cryptocurrency Safety 

In a May 15 Reddit Ask Me Anything (AMA) session, the US Secret Service’s (USSS’s) San Francisco Division and the Bay Area Regional Enforcement Allied Computer Team (REACT) shared their efforts in safeguarding the nation’s financial infrastructure, particularly in the realm of cryptocurrency. The Secret Service, known for protecting US

May 16, 2023 3 mins read

Chainlink Automation Goes Live on Optimism: Enhancing DeFi Capabilities

Chainlink Automation, a decentralized oracle solutions provider, successfully integrates with the Optimism network, marking a major milestone for DeFi. The partnership combines Chainlink’s tamper-proof data inputs with Optimism’s scalable Layer 2 technology, promising enhanced scalability, reduced costs, and increased security for DeFi applications, enabling complex functions with trust and confidence.

May 16, 2023 3 mins read

Michael Saylor Eyes Delivering Bitcoin Wallet Address To Corporate Users

MicroStrategy, a developer of business software and analytics, has stated that it would soon release a number of products relating to Bitcoin. A Bitcoin (BTC) wallet and a Lightning address will soon be made available to corporate account users, as he revealed in a recent Twitter post. At @MicroStrategy, we

May 15, 2023 2 mins read

Coinbase Gains Industry Stature with New Advisory Board Members

Coinbase has been quite vocal recently against US regulators. With the increased scrutiny of the crypto industry by the SEC, there has been regulatory uncertainty in the US. While crypto players have been demanding a fair game with clearer regulations, it seems to be a never-ending battle. According to the

May 15, 2023 1 min read

U.S SEC Urges Court To Reduce LBRY’s Penalty from $22M to $111k

The Securities and Exchange Commission (SEC) recently made headlines when it urged a New Hampshire court to reduce the fines levied on LBRY, the decentralized content platform best known for its video-sharing platform Odysee. The New Hampshire District Court ruled in November 2022 that LBRY owed the SEC $22 million

May 15, 2023 1 min read

OpenAI CEO-Backed Worldcoin Project Inches Closer to Debut

OpenAI’s ChatGPT, an artificial intelligence (AI) platform, entered the market in November 2022 and immediately caused widespread upheaval. OpenAI’s CEO, Sam Altman, is trying to disrupt the cryptocurrency sector now that large IT giants are making attempts to adapt to this technology. As per reports, Sam Altman is actively seeking

May 15, 2023 2 mins read