While decentralized finance (DeFi) token prices may be going down, new forms of utility like liquid staking are on the rise and some believe that more people may be drawn to DeFi as more institutions jump into the fray. According to Eric Chen, CEO and co-founder of Injective Labs, while the DeFi sector has witnessed massive growth since 2020, there are […]

The U.S. securities markets watchdog hasn’t changed its mind about BTC spot exchange-traded funds (ETFs), and in its latest action, it has turned down applications from digital asset investment manager NYDIG and ETF provider Global X. The Securities and Exchange Commission (SEC) was to make a decision on the NYDIG application by January 15, 2022. However, it extended the time period for […]

Australian fintech company Block Earner has officially gone live, offering everyday investors a 7% fixed rate investment product by utilizing decentralized finance (DeFi) technology. Block Earner has already attracted attention from big names in the crypto industry, finalizing a $6.4 million seed funding round in December last year. It was led by Framework Ventures and joined by Coinbase Ventures, DeFi […]

Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club.  The developer of the new token is the ApeCoin DAO and is notably separate […]

Hex Trust, an institutional crypto custodian based in Hong Kong and Singapore, recently secured $88 million in a Series B investment round headed by Animoca Brands and Liberty City Ventures. Other participants in the funding round included Morgan Creek, LeadBlock Partners, Primavera Venture Partners, Ripple, Terraform Labs, and Protocol Labs. According to Hex Trust co-founder and CEO Alessio Quaglini, the […]

Today, on March 16, 2022, Bored Ape Yacht club introduced their coin $ApeCoin after many rumours that they would launch a token. The following reads on the recently launched ApeCoin Website: BAYC confirmed that ApeCoin is owned and operated by the Apecoin DAO. In their decentralised organization, each token holder gets to vote on the governance and use of the […]

Key Takeaways Law enforcement agencies in Shanghai have infiltrated crypto pyramid scheme  The scheme  involved over 60,000 victims and 100 million yuan Chinese authorities have been increasing their oversight of the illegal crypto industry  Despite ousting the crypto industry from its borders, China has continued to uncover criminal operations related to crypto. A joint law enforcement operation in Shanghai has […]

Bitcoin creator Dr. Craig S. Wright has given another explanation of how Bitcoin could work with IPv6 to create a more secure internet. This model would see hundreds of billions of connected devices, with users knowing their data is safe from hacks or snooping. Dr. Wright re-presented the IPv6/Bitcoin recommendations he recently made to the IEEE standards committee, at the […]

Kraken – a popular cryptocurrency exchange based in San Francisco, CA – has announced it will donate approximately $10 million in bitcoin to citizens of Ukraine affected by the recent Russian invasion. Kraken Is Giving Crypto to Ukrainian Customers A few weeks ago, Russia invaded its eastern European neighbor, and the battle has seemingly led to countless civilian deaths. Not […]