During Eric Adams’ time in office, the NY state government passed a law which will implement a two-year moratorium on proof-of-work mining, and the crypto market turned bearish. Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a...Continue Reading

The former CEO previously missed the deadline to confirm his appearance before the Senate Banking Committee, despite the threat of a subpoena. Continuing his so-called apology tour, Sam Bankman-Fried appeared on a Twitter Spaces chat with Unusual Whales and told nearly 60,000 listeners that he intends to testify at the United States House of Representatives...Continue Reading

“Ultimately, we must harden the business model to produce more swap volumes & generate more fees,” wrote CEO Jared Grey. According to a new Twitter post by SushiSwap CEO Jared Grey, the decentralized exchange, or DEX, experienced a $30 million loss in the past 12 months on incentives for liquidity providers, or LPs. As explained...Continue Reading

The attacker made close to $6.9 million in profits and left users with a pile of bad debt. According to a post-mortem analysis provided by CertiK of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10,  5. The hacker burned a little over 3 million in GLP, their profit on this exploit was...Continue Reading

BTC price stability remains for the time being, but there’s plenty in store to “scare” Bitcoin traders. Bitcoin (BTC) stayed steady near $17,000 at the Dec. 12 Wall Street open as news involving Binance failed to spark BTC price downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Factors line up to “scare” Bitcoin trade Data...Continue Reading

NFT artist SHHAN previously told users to “switch to English” in the community chat, which went largely unfollowed. According to a Twitter post dated Dec. 11, SHHAN, creator of the black cats nonfungible tokens (NFT) collection Mimic Shhans, explained to users why he was blocking posts on community social pages written in the Chinese language....Continue Reading

Binance has faced compliance warnings from many countries over the past couple of years, but it managed to overcome those shortcomings in most nations barring the U.S. The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 2018. A report from Reuters suggests there is a...Continue Reading

ADoji candlestick shows indecisiveness in the market, wherein buying and selling behavior offset each other in a particular timeframe. The Doji candlestick, also called a Doji star, shows indecision between buyers and sellers in the crypto market. This type of candlestick is confirmed on a technical analysis chart when the opening and closing prices are...Continue Reading

1inch Network co-founder Anton Bukov believes that recent events in the centralized finance space have highlighted the importance of DeFi. With decentralized finance (DeFi) being a hub for various hacks and exploits, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident that DeFi will have broader...Continue Reading

The Dubai-based exchange released its reserve wallet addresses shortly after the FTX fiasco began, and now it launched a verification system for users to track its holdings. The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe. On Dec. 12, it announced that it has launched a...Continue Reading