Decentralized exchange (DEX) Chronos set a new milestone on May 4, reaching $217 million in total value locked (TVL) at the time of writing, just seven days after its launch on the Arbitrum blockchain.  With the new TVL figures, Chronos ranks eighth among the largest decentralized exchanges, according to DefiLlama. In DeFi, TVL represents the funds held or staked within a […]

A new tweet by Coinbase Chief Legal Officer (CLO) Paul Grewal has sparked interest and speculations in the crypto community. The CLO expressed his appreciation to Ripple’s General Counsel, Stuart Alderoty, for their meeting, stating they needed to meet more often. In response, Stuart Alderoty thanked him for chatting with their legal team. After the tweet, two top lawyers in […]

Over the last week, Polkadot (DOT) has had trouble gaining traction, falling by 8.41% from April 30 to May 4. However, the price is trading sideways and there might be a modest recovery next week as investors take advantage of this dip to acquire more DOT. According to CoinMarketCap, Polkadot ranks #11 among all cryptocurrencies with a current market price […]

why Bitcoin is up today? Bitcoin has pushed above $29,000 following the U.S. Federal Reserve’s 25 basis point interest rate hike on Thursday Bitcoin and the crypto market have rebounded despite an initial bearish reaction to the recent FOMC meeting. The market anticipates a pause in rate hikes during the next FOMC meeting on June 14, which could benefit cryptocurrencies. […]

Shiba Inu (SHIB) has seen its burn rate skyrocket to impressive heights. This incredible surge in burn rate is causing many to speculate that a price reversal may be on the horizon, as the token’s value continues to experience significant volatility.  As the burn rate of Shiba Inu continues to soar, the cryptocurrency’s fate remains uncertain, leaving investors and enthusiasts […]

Sam Bankman-Fried – the former crypto executive behind popular digital currency trading platform FTX – has been charged with violating the Foreign Corrupt Practices Act by allegedly attempting to bribe officials from China. Sam Bankman-Fried Is Facing New Charges Prosecutors claim that Sam Bankman-Fried attempted to send money to Chinese officials so they would unfreeze roughly $1 billion under his […]

The United Kingdom’s Competition and Markets Authority (CMA) has officially stepped onto the artificial intelligence (AI) scene after it announced an examination of the impact of the technology on consumers and the economy. On May 4, the regulator said it will be looking at the development and deployment of foundation models –  applications like OpenAI’s ChatGPT-  against key principles. Those […]

Troubled cryptocurrency exchange FTX is attempting to recover roughly $4 billion from Genesis, a bankrupt cryptocurrency lender, and a solvent entity in the British Virgin Islands. There will be a hearing on May 25 to discuss the motion. Court documents filed on May 3 in a New York bankruptcy court indicate that FTX’s legal representatives are seeking the repayment of […]

Crypto exchange Coinbase is stopping the issuance of new loans through its Borrow service — a product that allows certain United States customers to post crypto as collateral to receive a cash loan. In an email sent to Coinbase Borrow customers on May 3 which was shared by recipients on Twitter, the exchange said — without providing a reason — […]