London, United Kingdom, August 5th, 2023, Chainwire Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra’s potential to redefine the crypto industry. Priding itself on democratizing access to investment opportunities, VC Spectra has carved a distinct niche for itself. The on-chain hedge fund […]

Prominent pseudonymous crypto analyst “DonAlt” recently offered his perspective on the intriguing interplay between the S&P 500 and the crypto market. DonAlt, who has over 500,000 followers on X (formerly known as Twitter), posits that the fortunes of Bitcoin, and the broader crypto market, are closely tethered to the stock market’s performance. His cautionary note is that a slowdown or […]

The number of people buying crypto assets in Latvia is declining, Latvijas Banka said in its 2023 “Financial Stability Report.” The central bank attributed the falling interest in crypto to negative sentiment linked to fraud and insolvency among major market participants, “unwise” investments that have already been made, crypto’s links to money laundering and “the increasing link of crypto-asset companies […]

In a bold move, Coinbase has requested the court to throw out a lawsuit lodged against it in June by the U.S. Securities and Exchange Commission (SEC). The San Francisco-based digital asset exchange said in an August 4 court filing that the SEC’s “claims must be dismissed” because “the subject matter falls outside the agency’s delegated authority.” Coinbase noted that […]

The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks. This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days. As the community navigates the aftermath of this […]

The controversial Worldcoin project had a serious security vulnerability, CertiK has disclosed on X (formerly known as Twitter). Worldcoin pays people to become part of its World ID ecosystem by submitting scans of their irises through a device Worldcoin calls an Orb.  According to security platform CertiK, the vulnerability in the vetting process for operators could have allowed an attacker […]

United States-based cryptocurrency exchange Coinbase has filed a motion to dismiss a lawsuit brought by the Securities and Exchange Commission in June. In an Aug. 4 filing with the U.S. District Court for the Southern District of New York, lawyers for Coinbase filed a motion for judgment, claiming the SEC had “violated due process, abused its discretion, and abandoned its […]

Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board. Sullivan has over a decade of financial services experience, particularly in digital assets and infrastructure, with a background that includes strategy, […]

David Duong, CFA, Head of Institutional Research, provided a comprehensive analysis of the traditional and crypto markets in his weekly market commentary for the week ending August 4, 2023. According to Duong, the week was eventful for both markets, albeit for different reasons. In traditional finance, the Bank of Japan’s decision to raise the hard cap on its 10-year bond […]