Skye's new USDS stablecoin has a freeze function built into its code. That makes it less attractive to crypto criminals. DeFi lender MakerDAO has unveiled its long-awaited rebrand to Sky, the latest step in co-founder Rune Christensen's so-called endgame plan. But reception has been mixed. The most controversial change is that USDS, a new version … Read more
Markets recovered very quickly from the August bloodbath. However, the central bank consortium warned that the market's woes are not over. A partial unwinding of the so-called yen carry trade on August 5 caused global market panic. On that day, Japan's Nikkei and TOPICS — the country's two largest stock market indexes — lost more … Read more
The latest move will set the cryptoverse ablaze. Venture capitalist Katie Hahn said the artwork should not be considered a security. The SEC move is the latest headache for OpenSea. Gary Gensler sure knows how to provoke people. Crypto elites have reacted to the news that OpenSea is the latest target of the US Securities … Read more
Asia DispatchHaru Invest CEO Hugo Lee was stabbed on August 28 at the Seoul Southern District Court. He is under investigation on fraud charges related to the closure of the platform. The attack highlights a growing trend of brutal crypto-related attacks. A former user of Haru Invest stabbed the company's CEO Hyungsoo Lee, known as … Read more
Toncoin has fallen almost 16% in the last seven days. Crypto VCs are not afraid. “The fundamental case for TON is compelling,” an investor told News. Toncoin may be down, but some crypto venture capitalists say they're not bailing on the world's tenth-largest cryptocurrency. After French authorities recently arrested the CEO of popular messaging app … Read more
The Federal Reserve will soon cut interest rates. That means the US dollar could weaken against the yen. This has fueled fears that the yen carry trade could be halted, triggering another global stock meltdown. Federal Reserve Chair Jerome Powell announced last week that the US central bank is ready to cut federal interest rates. … Read more
Stocks' Nakamoto upgrade begins. This upgrade introduces a DeFi-friendly version of Bitcoin on the Stakes blockchain. It joins several other projects vying for a slice of the burgeoning Bitcoin Defy market. Stacks, a long-running project competing to give users the ability to use their Bitcoin in DeFi, has just launched its Nakamoto upgrade. project Released … Read more
OpenCy said it received a Wells notice from the SEC. 'They believe the NFTs on our platform are securities,' said CEO Devin Finzer. The crypto community was shocked by the potential case. OpenSea, one of the world's largest marketplaces for NFTs, Said Wednesday was subject to pending litigation from the US Securities and Exchange Commission. … Read more
Wolfgang Munchau is a columnist for DL News. He is co-founder and director of Eurointelligence, and writes a column on European affairs for the New Statesman. Opinions are his own. Wait for it. A European Union country will soon issue an arrest warrant for Satoshi Nakamoto, who is accused of inventing a platform that he … Read more
Institutional investors are planning to increase digital asset holdings, says a new report by OKX that two main factors will determine how much they invest. Mainstream institutional investment firms don't hold much by digital assets. OKX is betting that's about to change. For those investors, “crypto is still considered a frontier asset class,” said Lennix … Read more
Nvidia will report its second quarter results on Wednesday. AI Crypto Coins Expected to Reach $33 Billion Still, traders should brace for more market turmoil if the chipmaker fails to impress, one analyst said. Traders are clamoring for Nvidia's earnings. “They should be really impressive,” says Luke Nolan, research associate at alternative asset manager Coinshares. … Read more
CertiK blames Tornado cash transactions on an employee for exploiting crypto exchange Kraken. The security firm apologized after the outcry that followed the June incident. Crypto security firm CertiK said in June that a rogue employee was responsible for several Tornado Cash transactions linked to the exploit of crypto exchange Kraken. The June 19 The … Read more