Binance wins dismissal of class action over 2018 tokens that tanked
The judge ruled domestic law doesn’t apply to Binance as it is not an exchange domestic to the U.S. and that the case was filed “too late”.
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British regulator adds Justin Sun-linked Poloniex to warning list after $100M hack
The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization. 100 Total views 1 Total shares The United Kingdom’s Financial Conduct Authority (FCA) has added crypto exchange Poloniex to its warning list of non-authorized companies. The Seychelles-based exchange is one of the three companies owned by or affiliated with entrepreneur Justin

Bitcoin and Top Altcoins See Losses as US Stock Market Sees Slight Uptrend
Friday, May 31 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,300 mark, with minor gains on the day.Market visualization courtesy of Coin360Bitcoin is nearly 5% down on the day, trading at $8,320 at press time, according to CoinMarketCap.…

Polygon gains 83% in a month, but data show project has been losing traction
Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data.MATIC/USD on FTX. Source: TradingViewAccording to Cointelegraph, Polygon rallied after being selected…

Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds. 123 Total views 3 Total shares Own this piece of history Collect this article as an NFTWeb3 infrastructure firm Jump Crypto and decentralized finance (DeFi) platform Oasis.app have conducted a “counter…

2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level
Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery. Ether/USD 4-hour price at Bitstamp. Source: TradingViewTo date,…

New Jersey Introduces Bill to Regulate Cryptocurrencies at State Level
The New Jersey state legislature is now considering a new bill that would require cryptocurrency businesses to obtain a proper license to operate.Assemblywoman Yvonne Lopez proposed the Digital Asset and Blockchain Technology Act on Feb. 20. The legislation would establish new requirements for virtual currency businesses and create consumer-friendly protections by requiring crypto firms to…

Likes out: Facebook blackout sparks ideas for Web 3.0.
Facebook’s conglomerate of social applications including Instagram, WhatsApp, Messenger, and its virtual reality headset Oculus, all suffered a major power outage on Monday, switching the platforms offline for a total of six hours to the effect of billions of users and businesses across the world.The incident was first reported at approximately 3:16 pm UTC on…

Pro-blockchain narratives hinder Bitcoin adoption, says StackinSat founder
Josselin Tonnellier, the founder of crypto investment banking firm StackinSat, said that while organizing an event during the bear market was difficult, seeing attendees from abroad was very rewarding. 68 Total views 7 Total shares Over a decade-long evolution later, for self-justified personal reasons, a handful of the crypto community members chose to believe in…