Banking
Analysis
Polygon soars 70% following development updates, Disney accelerator
Developments at Polygon have triggered a bullish breakout. The latest rumors suggest the unveiling of new scaling technology at EthCC this week.
People
Cardano founder ‘fundamentally rejects’ tortoise-hare analogy for the blockchain
Charles Hoskinson says even going slow and steady, Cardano was the first for eUTXO and one of the first to market for Proof-of-Stake.
Wallets
MetaMask co-founders say crypto not ‘future of finance’ yet, criticize CeFi platforms
The MetaMask co-founders blast Celsius and Voyager as not operating transparently and mislabelling their products as DeFi.
Stablecoins
Circle shuts down critics with on-going disclosures on USDC reserve assets
Following mounting criticisms, including claims of insolvency, Circle has committed to monthly disclosures on its reserve assets. The latest report shows an over-collateralization of $134 million.
Bear Market
Bitcoin miners still under pressure to sell but declining production costs provide relief
Recent events have led to an uptrend in miners liquidating BTC holdings. However, falling hash rate and difficulty are working to alleviate pressures.
Stablecoins
Russian’s Central Bank and Ministry of Finance clash over stablecoins
The Russian government agencies disagree on the viability of stablecoins, but perhaps a compromise can be reached in developing a ruble-backed stablecoin.
Legal
Judge denies SEC’s motion to withhold key documents in Ripple case
A court filing showed Judge Netburn ruled that attorney-client privilege protections do not apply to internal documents held on the William Hinman speech.
Politics
European Central Bank hints at PoW-based crypto ban by 2025
The E.U.'s commitment to fighting climate change puts it on a collision course with PoW tokens.
People
Video of Mario Draghi knocking Bitcoin ages like milk as euro sinks to parity with dollar
In 2018, Mario Draghi implied people can trust the euro, and not Bitcoin, because it's stable and backed by a central bank. However, recent events show the ECB is powerless to stop the euro's slide against the dollar.
Regulation
Sri Lankan officials maintain crypto snub despite economic collapse
The Sri Lankan government remains anti-crypto and the central bank issued a new notice on the matter to warn citizens.
Bear Market
Voyager Digital gives update on recovery plan, reinstating user account access
A restructuring plan is in full swing which includes the return of users' funds, but some have reacted angrily to the pro-rata element.
Exchanges
Embattled exchange CoinFLEX sues Roger Ver for $84 million
CoinFLEX alleges the debt owed by Roger Ver has almost doubled since first being reported. Stakeholders, including the SmartBCH Foundation, are closely monitoring to ensure the interests of all involved are being protected.