In a significant milestone for China’s digital financial landscape, the People’s Bank of China (PBOC) governor announced that the digital yuan, the nation’s central bank digital currency (CBDC), has surpassed a remarkable 1.8 trillion yuan (approximately $249.33 billion) in total […]
The rising DeFi activity is causing an upward trend for Cardano, with its total value (TVL) reaching $200 on July 14. This rise marks a new year high, with the peak coinciding with the capital inflows. Cardano (ADA’s) market capitalization […]
In a bold move, Democratic presidential candidate Robert F. Kennedy Jr. has announced his intention to support the United States dollar with Bitcoin if he assumes the presidency. Kennedy made this pledge during a Heal-the-Divide PAC event on July 19, […]
In a significant development for the decentralized finance (DeFi) ecosystem, Aave Protocol has successfully launched its highly anticipated algorithmic stablecoin, GHO, on the Ethereum mainnet. With an impressive $2.19 million worth of GHO tokens minted thus far, this latest addition […]
In a shocking turn of events, Multichain, one of the prominent bridging protocols in the cryptocurrency world, has announced the cessation of its operations. The decision comes as a result of the detention of the company’s CEO, Zhaojun, and his […]
The Ethereum scaling solution called Polygon has presented a technical upgrade of its native token MATIC as a crucial aspect of its Polygon 2.0 roadmap. Although the community approval is pending, the upgrade will change MATIC to POL, becoming a […]
In a dramatic turn of events for the digital asset industry, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Celsius Network Ltd. for fraudulent activities. As the legal proceedings unfold, the former CEO, Alex Mashinsky, has […]
In a dramatic turn of events, Celsius Network, the bankrupt crypto lender, has filed a lawsuit against liquid stacking platform StakeHound, seeking the recovery of $150 million worth of tokens. The legal action comes after StakeHound allegedly failed to return […]
With the recent crypto crackdowns by security departments from across multiple countries, it’s easy to assume and fear that the death of cryptocurrency is looming and it’s going to be in the hands of the governments. Some countries outright banned […]
In a move to secure gains, Cathie Wood, the pro-Bitcoin investment veteran, has decided to sell a small portion of ARK Invest’s significant Coinbase holdings. On July 11, Wood’s renowned investment firm, ARK, offloaded 135,152 Coinbase shares, amounting to $12 […]
