DeFi
Regulation
U.S. Congress appeals for a fair tax on crypto staking rewards
A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for a fairer tax on…
Technology
Cardano (ADA) hits over 700 stake pools a week after Shelley launch
It’s taken just five days for Cardano fanatics to set up upwards of 700 staking pools after the launch of Shelley, parent firm IOHK…
Technology
Litecoin’s new MimbleWimble update confirms September testnet launch
The first testnet for the MimbleWimble implementation on Litecoin remains on track for a September launch, lead developer David Burkett said in a July…
DeFi
The DeFi issue: Korean behind YFI fork “Asuka” leads $60,000 exit scam
The developer behind Asuka, a short-lived fork of DeFi project Yearn Finance (YFI), conducted an exit scam this morning, with sources noting the loot…
Adoption
MCO jumps 36% as Crypto.com’s swap program goes live
Crypto.com unveiled its MCO swap program on August 3, allowing existing holders to shift their tokens to CRO as the protocol shifts to a…
Trading
Bitcoin drops $1,500 in 9 minutes causing $1 billion in longs liquidated
The crypto market is not one for the faint-hearted. And in true fashion, Bitcoin and other cryptocurrencies suddenly plunged over 10-15% earlier today before…
DeFi
Uniswap does a third of Coinbase volumes while “Tendies” tokens surge
A day in DeFi land is a week in crypto; and even that’s saying something. Decentralized exchange (DEX) Uniswap posted record volumes on Friday,…
Hacks
Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom
Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest…
Analysis
Bitcoin breaks $11,500 as sentiment metrics show it’s still undervalued
The DeFi-induced bullrun has arguably pushed the crypto market upwards the past week, with Bitcoin, Ethereum, and other major cryptocurrencies giving gains of over…
Adoption
Chainlink (LINK) oracles are now powering dApps on NEAR Protocol
Chainlink’s decentralized oracles have launched on NEAR Protocol, a sharded, developer-friendly, proof-of-stake public blockchain that’s going head to head with Ethereum. As per an…
Adoption
Here’s who bought $67 billion worth of Bitcoin, crypto in America in 2020
Bitcoin, and the crypto market, have finally blossomed after a long two-year-wait. The pioneer cryptocurrency broke its $11,000 resistance earlier this week, spurring double-digit…
Rumors
Crypto fund behind Chainlink FUD is offering 5 Bitcoin to post bearish positions
A dubious crypto fund, Zeus Capital, is reportedly offering prominent Twitter members up to 5 Bitcoin to post a short-biased price analysis for Chainlink…