“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul. New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very...Continue Reading

Ahead of the July 6 SEC decision, the investment giant has hired Don Verrilli, a former U.S. Solicitor General as a senior legal strategist, working alongside its attorneys at Davis Polk & Wardwell LLP and its in-house counsel. Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with...Continue Reading

LINK price broke its downtrend and rallied to $9 after the developers released a roadmap and announced that Chainlink 2.0 includes token staking. Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action. The...Continue Reading

Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them. The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled...Continue Reading

BTC price rallied back to a strong resistance level at $31,500, but traders caution that another whipsaw is the most likely outcome. Bitcoin’s (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the...Continue Reading

Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders.  By launching on Optimism, TrueFi’s lender...Continue Reading

The comprehensive new bill sorts out regulators and addresses taxes, environmental impact, security and other major questions surrounding digital assets. The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday. The official text of the 69-page document was also released.  The bipartisan...Continue Reading

The move comes after nearly two years since PayPal enabled users to buy and sell crypto on its platform. After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal and other wallets...Continue Reading

Solana’s nearly 80% year-to-date decline is likely to follow up with some relief rallies, technicals suggest. At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair’s 78.5% year-to-date decline. SOL price nears bullish wedge breakout First, Solana has been painting a “falling wedge” since...Continue Reading

Over $200 million worth of users’ funds could have been at risk if the whitehat chose to exploit the vulnerability for personal gain instead of reporting it to developers. On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a...Continue Reading