Crypto Assets Contract as Over $200M Outflows Recorded
CoinShares, a European cryptocurrency investment firm, disclosed on May 15 that digital asset investment products experienced a total of $54 million in outflows last week,...
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US Justice Department Targets DeFi Hackers and Cryptocurrency Thieves
The United States Department of Justice (DOJ) is intensifying its crackdown on Decentralized Finance (DeFi) hackers and exploiters, as illicit crypto activities have surged over...
Do Kwon’s Legal Team Proposes Bail with $436K Fine and Home Arrest
Lawyers representing the embattled Terra co-founder Do Kwon and his former aide Han Chang-joon have proposed conditions for bail to Montenegro’s court system according to...
Circle USDC Modifies Stablecoin Reserves to Avert U.S. Debt Defaults
Circle, the issuer of the world’s second-largest stablecoin, USD Coin (USDC), has adjusted its reserves treasury to reduce exposure to potential United States debt defaults...
Coinbase Faces Backlash for Calling Pepe Memecoin A Hate Icon
Coinbase, a notable cryptocurrency exchange, has come under fire from the Pepe memecoin community for describing the Pepe meme as a “hate symbol” in an...
Crypto Exchange OKX Tackles Rival Coinbase Via New Ad Campaign
Cryptocurrency exchange and company, OKX, took a swipe at rival Coinbase in its latest global ad campaign, titled “The System Needs a Rewrite,” which was...
President Biden Targets $18B Crypto Tax Loopholes as Community Reacts
United States President, Joe Biden, tweeted on May 9 about closing “tax loopholes” that allegedly benefit wealthy crypto investors, drawing reactions from the online crypto...
Trader Spends $120,000 in Gas Fees to Purchase a Memecoin worth of $155,000
A trader reportedly spent a whooping 64 Ethereum (ETH) on gas fees while purchasing a memecoin called Four ($FOUR), raising concerns about the high costs...
Paxful Exchange Reopens Marketplace Following Month-long Suspension
Paxful, a peer-to-peer crypto marketplace and company, has resumed operations after a month-long suspension that began in April according to its website blog post. ...
A Memecoin Whale Suffers a $600,000 Loss as Pepe Token Experiences a Steep Decline
An anonymous memecoin investor who had bought approximately $3 million worth of Pepe tokens is currently grappling with an impermanent loss of around $600,000 according...