The exchange follows the likes of Binance, KuCoin and OKX in running self-custody wallets parallel to CeFi operations. Cross-chain wallet BitKeep has changed its name to Bitget Wallet after the crypto exchange purchased a controlling stake for $30 million in March. According to the Aug. 10 announcement, the name change is coupled with the launch...Continue Reading

PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal. Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent...Continue Reading

Gemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and incomplete representations and omissions” related to Genesis and the Earn program. Venture capital firm Digital Currency Group (DCG) has filed a motion to dismiss a lawsuit brought by cryptocurrency exchange Gemini which alleged fraud related to its Earn program. In...Continue Reading

Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token. The Aave community is seeking to reduce its protocol exposure to the Curve DAO token, with two proposals open for voting on Aug. 10. The move comes in an attempt to limit the risk posed to the...Continue Reading

A series of attacks drained the wallets of BTC users by exploiting a faulty random seed generation algorithm. A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist. The vulnerability can also affect users of Ethereum, Ripple,...Continue Reading

Twenty-seven percent of the funds stolen in the July 30 exploit have yet to be returned. Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform. “Curve is the largest stableswap and second-largest DEX [decentralized exchange], with approximately $2.4B in...Continue Reading

Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down. Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire. ...Continue Reading

The move comes as several prominent Chinese blockchain executives have been arrested this year. After a surge in personal identity thefts and digital financial crimes, Chinese police are taking closer scrutiny at the Web3 sector. During a press conference hosted by China’s Ministry of Public Security, Jinfeng Sun on August 10, political commissar of the...Continue Reading

Opinion: If you used ChatGPT to write an article, do us all a favor and delete it. None of us want to read it. There was a time when anything generated by ChatGPT was fascinating.  To fathom that a super-intelligent robot was writing poetry, drafting legal documents or even acting as a personal life coach...Continue Reading

In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to redollarizing the world. Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece...Continue Reading