Just a few months ago, it was thinking about issuing a stablecoin. Now, it’s unsustainable.  Japan’s DMM Crypto is discontinuing its Seamoon Protocol. No new services will be added to the ecosystem, and the fate of existing services on the platform is under discussion, the company announced. The Seamoon Protocol was powered by the SMP...Continue Reading

Before US Election Day, Brian Armstrong said Coinbase was “prepared to work” with either a Kamala Harris or Donald Trump administration. Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, will reportedly meet with Donald Trump as the president-elect continues to announce staff picks for his administration and the heads of government departments. According...Continue Reading

An X post from a16z’s Chief Technology Officer helped send the AI-led DAO’s token soaring.  ai16z’s token rocketed more than 50% on Nov. 18 after a top executive at venture firm a16z, the token’s namesake, acknowledged the project in a post on the X platform. ai16z touts itself as a decentralized autonomous organization (DAO) directed...Continue Reading

Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000.  Bitcoin (BTC) has been trading within a narrow 7% range since Nov. 12, signaling a period of consolidation around $91,000. Still, derivatives indicate that professional traders remain confident in the bull market. Additionally, multiple attempts to break...Continue Reading

DeFi app Polter became the victim of a “classic” flash loan exploit, and a man was sentenced to 24 years for crashing a bank with a crypto scam. Crypto-Sec is Cointelegraph’s bi-weekly round-up of crypto and cybersecurity stories and tips. Fantom-based decentralized finance (DeFi) protocol Polter Finance was drained of over $7 million through a...Continue Reading

Bitcoin is witnessing a tough battle between the bulls and the bears, but the buyers remain in control as long as the price remains above $85,000.  Bitcoin (BTC) is attempting to start the new week on a positive note by rising above the $92,000 resistance. The sharp rally of the past few days has not...Continue Reading

A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex. One of the two individuals responsible for laundering stolen Bitcoin connected to the 2016 hack of crypto exchange Bitfinex has been sentenced to 18 months in prison. Washington, DC, District Court Judge Colleen...Continue Reading

Solana’s price moves closer to its all-time high as the network’s DEX volumes top $40 billion. Solana reached a new yearly high of $248.44 on Nov. 18, after its weekly candle witnessed its second-highest close behind its all-time high weekly candle from November 2021. Solana weekly chart analysis. Source: TradingView Solana (SOL) is 8% below...Continue Reading

Consensys CEO Joe Lubin said SEC crypto cases will be settled or dismissed under the incoming Trump administration.  Eighteen states in the United States filed a lawsuit against the Securities and Exchange Commission (SEC) and Chair Gary Gensler, alleging that the agency is guilty of “gross government overreach” against the crypto space. The plaintiffs alleged...Continue Reading

Some experts suggested that options trading for shares of BlackRock’s iShares Bitcoin Trust could launch on the Nasdaq as early as Nov. 19. Following the United States Commodity Futures Trading Commission (CFTC) clearing the way for spot Bitcoin exchange-traded fund, or ETF, options, the Options Clearing Corporation (OCC) said it was preparing the launch of...Continue Reading