Cryptocurrency Analysis and News Portal
The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.On the sidelines of the recent Cardano Summit in Dubai,
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The scam was reported by blockchain security analyst ZachXBT on Sunday hence resulting in Microsoft removing the fake Ledger Live application to avoid further damage. Amid the mainstream adoption of the cryptocurrency market around the world, scams directed at both novice traders and veteran investors have evolved into sophisticated methods. In
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The Office of the Inspector General for the FDIC – an internal watchdog function within U.S. agencies – studied the banking agency's performance when it came to preparing the industry for crypto's risks and found it lacking, according to a report issued on Wednesday. Original Source
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The United States Department of Justice (DOJ) says the lack of crypto rules in the U.S. doesn’t affect charges against ex-FTX CEO Sam Bankman-Fried (SBF). The DOJ has filed a motion to dismiss the argument that the absence of crypto regulations in the U.S. should affect the criminal charges against SBF,
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The United States Department of Justice filed a court motion on Oct. 4 claiming the lack of crypto regulations in the U.S. is no bar to the criminal charges filed against the former CEO Sam Bankman-Fried of now-bankrupt crypto exchange FTX.The U.S. DOJ’s letter was filed in response to the
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Compared to 2022, where the first and second quarters of the year saw a combined $20.3 billion flow into the space through VC funding, 2023 has been significantly lacking. Venture capital funding for the crypto space has significantly declined this year. In the first quarter of the year, around $2.6 billion
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The issuer of stablecoin Tether (USDT) will discontinue its Bitcoin (BTC) Omni Layer version, citing lack of interest from users. This Bitcoin version of Tether was one of the first stablecoins ever created. The Bitcoin Cash (BCH) and Kusama (KSM) versions will also be discontinued, according to an August 17
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"Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer," Tether said in the announcement. Source
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The leading cryptocurrency by market value, widely considered digital gold due to its finite supply, remains listless above $29,000, extending its multi-week dull price action. Bitcoin was one of the preferred safe havens during Turkey's currency crisis of 2021. Gold, meanwhile, hit a seven-week low of $1,896 per ounce on
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United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.In a July 27 hearing, Rep. McHenry said the version of the Clarity for Payment Stablecoins Act, H.R. 4766, being considered for markup was
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