Amid growing concerns of a potential default by early June, the United States President Joe Biden and Republican Kevin McCarthy have reportedly reached an “agreement in principle” to raise the federal government’s multi-trillion dollar debt […]
The New York City Banking Commission has decided to limit deposits for two banks as the U.S. banking crisis deepens. Can Bitcoin ‘fix this?’ On May 25, the New York City Comptroller, the City Mayor, […]
The Maker Decentralized Autonomous Organization (MakerDao) has proposed raising interest rates on its DAI stablecoin. Under the proposal, the DAI Savings Rate (DSR) will rise from 1% to 3.3%. If the proposal passes, its consequences […]
Avorak has been hitting the headlines for its state-of-the-art products that manage to combine the instantaneous transactions of blockchain with the power of AI. Developing these contracts and web3 takes significant skill, knowledge, and prowess. […]
Bitcoin (BTC) held its most recent gains into May 27 as traders called for a change in “bearish” market sentiment. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Trader awaits “pretty major move” for BTC […]
Top Stories This Week Binance suspends deposits for bridged tokens, seeks clarity from Multichain team Crypto exchange Binance suspended deposits for 10 bridged tokens following days of uncertainty surrounding the Multichain protocol. Transactions on the […]
The Cryptocurrency exchange Gemini is attempting to get a lawsuit against it dismissed. In a submission to the New York court where it is being sued by the Securities and Exchange Commission (SEC), Gemini has […]
The world’s leading cryptocurrency exchange – Binance – is launching a new NFT loan feature. It is designed to enable users to borrow cryptocurrency, using their non-fungible tokens as collateral. Binance continues its effort in […]
Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the […]
Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing […]
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