BABL, the protocol’s native token, crashed to a new all-time low of $0.23 after the founder announced that it’s shutting down operations. Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum that the Rari Fuse exploit caused.  In a statement,...Continue Reading

The country’s deputy trade minister confirmed the intention, for the first time voiced in last year. The government of Indonesia returned to its plan to set up a digital assets exchange, publicly announced first time back in 2021. A so-called “crypto bourse” is planned to be established by the end of 2022.  According to DealStreetAsia,...Continue Reading

Suspension of withdrawals on Celsius custody contradicts the plain language of the firm’s terms of use, a group of disgruntled creditors argued. The bankrupt cryptocurrency lender Celsius is facing more legal issues as disgruntled clients are taking action to recover their funds after the platform froze withdrawals in June. An ad hoc group of 64...Continue Reading

Meitu was one among many public companies that purchased Bitcoin to hold as a treasury reserve during the peak of the bull run last year and now joins the list of companies that have suffered heavily due to the bear market. Hong Kong tech giant Meitu made headlines in April last year after it reported...Continue Reading

The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California. Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who...Continue Reading

Bias is trending towards ever lower levels for Bitcoin after BTC price performance fails to preserve $20,000 at the August close. Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly candle “doesn’t look good” Data from Cointelegraph Markets Pro...Continue Reading

An opera-centric DAO is using NFTs to open up new funding avenues to classical musicians outside of the limiting legacy institutions. The music industry has been a major adopter of Web3 integration, with use cases ranging from song rights, blockchain-based streaming and new forms of digital releases.  Genres like pop, EDM and hip hop have...Continue Reading

The NFT marketplace said that while they do not speculate on forks, the team will only support NFTs on the proof-of-stake chain. As the date for the Ethereum Merge approaches, nonfungible token (NFT) marketplace OpenSea has announced that it will focus on supporting only the NFTs that are on the upgraded proof-of-stake (PoS) blockchain.  In...Continue Reading

Behind this western U.S. state, Illinois and New York were the next states most interested in the two major cryptocurrencies. The Golden State of California may be America’s most inquisitive state about Bitcoin (BTC) and Ethereum (ETH), new data from CoinGecko has revealed.  In a report shared by CoinGecko, internet users from California accounted for...Continue Reading

Belarusian hackers claim to have gained access to the passport info of every Belarusian citizen, including president Alexander Lukashenko, allowing them to mint an NFT with his passport details. A group of hacktivists called the Belarusian Cyber Partisans have been attempting to sell a nonfungible token (NFT) featuring the purported passport info of Belarus president...Continue Reading