Ethereum Name Service (ENS) domain names have surpassed Bored Ape Yacht Club (BAYC) as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge.  According to OpenSea data, the weekly volume of the Ethereum domain NFTs eclipsed 2,249 ETH at the time of writing, beating out RTFKT Clone X (1,992 […]

Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to social media followers. In a Sunday Twitter thread, Hopkins said that they were facing between 6 to 15 months at a federal correctional institution in Texas following a […]

Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum’s Merge event. In the announcement, the company shared a list of tokens and networks that will be impacted during the Merge — Namely ETH (Arbitrum), ETH (OP) […]

The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut tha included an “unacceptably high” risk of “material misstatement.” According to a Monday report from the Financial Times, the U.K. Financial Reporting Council criticized the results of a Revolut audit released in July by accountancy and business advisory firm BDO, claiming the […]

The issue of proof of work cryptocurrencies being energy-intensive and environmentally unsustainable continues to haunt cryptocurrencies. A new report by the Imperial College Business School now says that ignoring the environmental impacts arising from the use of cryptocurrencies would be a grave mistake for the world. This is because cryptocurrencies are now becoming a popular trend globally, with over 18,000 […]

The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks on a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported Sept. 5. An unnamed public sector bank official told the publication that the trial may precede an RBI launch of a CBDC this fiscal year. U.S.-based financial services company FIS […]

United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch — as the company has filed a motion with the United States Bankruptcy Court, its pledge would only apply to Custody and Withold Accounts and for custody assets […]

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. […]