In this category of TheNewsCrypto, you will see the latest news, top headlines, opinions, current affairs, and much more from around the globe. The section only has handpicked articles by our experienced and profound editors to keep you updated with trends and stay ahead of the pack. Never miss any important news as we make sure this section is regularly updated with only the mainstream and impactful events of the cryptocurrency world.
The Sturdy Finance DeFi protocol lost 442 ETH, or over $800,000 at the time of writing, due to a hack. An intruder drained funds from the protocol by exploiting a vulnerability that allowed them to manipulate a flawed pricing oracle. PeckShield, a blockchain security company, notified Sturdy Finance on June
If President Joe Biden and the Democratic Party don’t stop their “war against crypto,” they’ll lose the support of young people, who are critical to their success in office, say the Winklevoss twins. Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, tweeted on June 10 that the Democrats’ anti-crypto position
a16z crypto, the cryptocurrency investment arm of the VC firm Andreessen Horowitz, has announced the launch of its first international office in London, less than a week after U.S. authorities took their most drastic actions to date against the digital assets market. The firm said that the United Kingdom has
When a federal court in Wyoming rejected requests to dismiss filed by the Federal Reserve and the Federal Reserve Bank of Kansas City, Custodia Bank gained ground in its legal struggle against the Fed. In June of 2022, the digital asset bank filed a lawsuit against the Federal Reserve over
After being silent for some time, the Solana Foundation has commented on the SEC’s recent decision to classify Solana (SOL) and other cryptocurrencies as securities. The company expressed its disagreement with the market regulator in a recent post it tweeted. The Solana Foundation issued a statement saying it appreciates lawmakers’
Uniswap, the leading decentralized exchange (DEX) powered by the Ethereum blockchain, has achieved a major milestone by surpassing 250 million swaps on its platform. This significant achievement solidifies Uniswap’s position as the worldwide go-to protocol for decentralized finance (DeFi) enthusiasts. Uniswap announced this remarkable accomplishment through a tweet from its
Currency devaluation and inflationary pressures are only two of the major threats to the Turkish economy in recent years. Despite these setbacks, Bitcoin has managed to garner the interest of influential people like MicroStrategy’s CEO Michael Saylor. To preserve the faltering Turkish regional currencies, he suggests using digital currencies like
The Hong Kong Monetary Authority (HKMA) said on Friday (June 9) that it would begin building a central bank digital currency (CBDC) for use in retail transactions in the coming months. The Hong Kong Monetary Authority (HKMA) has reportedly been studying the feasibility of creating a digital Hong Kong dollar
Reserve Bank of India (RBI) Deputy Governor T. Rabi Shankar remarked on Thursday, June 8 after the monetary policy announcements that the RBI aims to reach one million users of the RBI’s digital currency, also known as the Digital Rupee. Keep in mind that the Reserve Bank of India (RBI)
BitGo, a supplier of wallet infrastructure and digital asset custodian, said on June 8 that it has signed a non-binding letter of intent to acquire Prime Trust, a provider of fintech infrastructure. The details of the deal were kept confidential. If the purchase goes through, BitGo will expand its wealth
