The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a district court in October 2020 involving the recovery of a loan of 1 Bitcoin (BTC). The lower court recognized Bitcoin as having value, scarcity and […]

While Bitcoin has had pretenders to its throne ever since that throne was constructed, it’s really only in the recent past that any of the plethora of coins have begun to stand out. The recent moves made by Ethereum have certainly demonstrated that it’s being taken very seriously on the crypto front – after all, most NFTs are hosted on […]

Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price. In a Thursday blog post, Binance said it would be taking “precautionary measures” around its LUNA/USDT perpetual contracts, intending to delist the pair if the price goes under 0.005 USDT. The announcement followed the exchange changing […]

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PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap. The centerpiece of the litepaper’s new version suggested an imposed supply cap on the project’s native token, CAKE. Currently operating with a circulating supply of […]