Ethena Labs believes that financial instruments tied to the U.S. dollar offer a new frontier for markets outside the United States. Financial instruments tied to the United States dollar offer a new frontier for markets outside the country. That’s the bet of Ethena Labs, a startup getting $14 million in funding for an Ethereum-based synthetic...Continue Reading

Bitcoin bulls get no help from the latest U.S. macro data as $52,000 forms sturdy BTC price resistance. Bitcoin (BTC) stuck to $52,000 at the Feb. 16 Wall Street open as the latest United States macro data ran above expectations. Data from Cointelegraph Markets Pro and TradingView showed stagnant BTC price action into the week’s...Continue Reading

Crypto investigator Coffeezilla argued that saying one thing and trading against it is still a pump-and-dump and is not ethical to do. Oliver Bell, the founder of Xcad Network (XCAD), came to the defense of YouTuber KSI after crypto investigator ZachXBT accused the internet celebrity of performing a pump and dump with his digital asset...Continue Reading

The popularity of the exchange propelled Mad Lads to the third most-traded NFTs of the day. The Solana-based crypto exchange reached the $300 million mark in less than 24 hours after the beginning of its pre-season beta launch, according to a Feb. 15 X post by Backpack. The exchange was launched by the creators of Solana’s...Continue Reading

The Federal Trade Commission’s updated rule empowers the agency to initiate federal court cases directly to compel scammers to return funds acquired through impersonating government or business entities. Citing the increasing danger of deepfakes, the United States Federal Trade Commission (FTC) is seeking to update a regulation prohibiting the impersonation of businesses or government agencies...Continue Reading

The crowdfunding for the Tornado Cash legal battle was canceled by GoFundMe, citing a breach of terms of service. All contributions made to the fundraiser were returned to the respective donors. American crowdfunding platform GoFundMe canceled a fundraiser dedicated to collecting legal fees for the co-founder of controversial cryptocurrency mixer Tornado Cash, Roman Storm and...Continue Reading

Uniswap Foundation shared a tentative date for the deployment of v4 of the decentralized exchange following the upcoming Ethereum Dencun upgrade. The Uniswap Foundation — the organization supporting the decentralized finance (DeFi) protocol Uniswap — announced that they had set a date for the launch of the protocol’s v4 after the upcoming Dencun upgrade on...Continue Reading

The partnership will combine Mocaverse’s Moca ID, KuCoin’s user accounts and Halo’s Genesis membership pass to “redefine on-chain identity and facilitate growth” in the Web3 space. Mocaverse — the membership network and metaverse project of Animoca Brands — cryptocurrency exchange KuCoin and Web3 wallet Halo Wallet have joined forces to streamline user navigation across different...Continue Reading

OpenAI’s latest AI video generation tool, Sora, has left social media users in awe over its realism, though it’s not yet ready for a full public release. Artificial intelligence firm OpenAI unveiled its first-ever text-to-video model to a strong reception on Thursday, though the firm admits the model still has a ways to go.  OpenAI...Continue Reading

Most older mining rigs will struggle to break even after Bitcoin block rewards halve in April, prompting miners to take them offline, says Galaxy Research. As much as 20% of Bitcoin’s (BTC) current hash rate could go offline after the Bitcoin halving — which will see block rewards slashed in half and leave only the...Continue Reading