Finance

Tron DAO Reserve shed 12,000 Bitcoins to support its USDD stablecoin. The change was made without a DAO vote. The Tron DAO Reserve, which manages the USDD stablecoin, removed $732 million worth of bitcoin in support of the stablecoin on Wednesday, fueling concerns that the entity is not as decentralized as claimed. USDD, which has … Read more

Crypto is becoming more common among all criminal activities, said Jonathan Levine, co-founder of Chinalysis, adding that Tether is taking the right steps to change its image in the market. 65% of Chinalysis' revenue comes from the public sector. It's not just investors who are desperate to dive headfirst into crypto. Just as spot bitcoin … Read more

One of the largest NFT marketplaces will soon have the token. Its ticker is $ME. The ME Foundation declined to disclose Tokenomics. Magic Eden, one of crypto's largest NFT marketplaces with $6 billion in total trading volume, will soon have its own token, the ME Foundation announced on Thursday. The ME Foundation, made up in … Read more

Ex-FTX executive Ryan Salam is seeking to have his conviction dropped. Salam's lawyers said prosecutors did not cut their deal to drop the investigation into Salam's partner. Prosecutors said the claims were “incompetent, incomplete and completely false”. Former FTX executive Ryan Salam, who pleaded guilty in September 2023 to two counts of campaign finance and … Read more

Kamala Harris accepted the Democratic nomination. A month into the presidential race, her stance on crypto is still unclear. US President Joe Biden dropped out of the presidential race a month ago and endorsed Vice President Kamala Harris, who is likely to become the 47th President of the United States. If Harris wins the election … Read more