FDIC nominee Goldsmith Romero says banks can custody digital assets
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto.
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Zabu token price flatlines after $3.2M attack on Avalanche blockchain
Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. 686 Total views 11 Total shares Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the…

Trump’s WLFI crypto investments aren’t paying off
World Liberty Financial (WLFI), the crypto firm associated with the family of US President Donald Trump, made waves when it debuted late last year. WLFI caused a stir when it launched ahead of the president’s inauguration. Observers have accused the project of front-running important crypto-related events, like the White House Crypto summit, and presenting a

Bitcoin Is Back Above $10K
Crypto enthusiasts were collectively watching the price of Bitcoin (BTC) like a hawk over the weekend as the dominant cryptocurrency flirted with the $10,000 price mark.While it did eventually break that milestone, it only lasted for a second — a flash crash sent the price back down to $9,700 and attention once again turned to…

Securitize issues tokenized assets in Spain, plans September trading start
The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime. Digital asset trading platform Securitize has begun tokenizing equity in the Spanish real estate investment trust Mancipi Partners, it announced on June 27.…

‘Huge testing milestone’ for Ethereum: Ropsten testnet Merge set for June 8
“Merging Ropsten is a huge testing milestone towards Ethereum's mainnet merge later this year,” said Preston Van Loon, an Ethereum core developer at Prysmatic Labs. 921 Total views 20 Total shares The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be conducted on June 8. According to…

China facing deflation may be bad news for Bitcoin
Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin. 481 Total views 7 Total shares On the latest episode of Macro Markets, analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated…

Bitcoin difficulty jumps 6% to new peak as miners ignore BTC price dip
Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week.The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind.Bitcoin mining difficulty ends slumpDespite BTC/USD dropping 10% last week, Bitcoin miners appear to be taking the price downturn in their stride.This was…

Nigeria’s central bank plans CBDC pilot launch before the end of 2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. 3002 Total views 3 Total shares Rakiya Mohammed, an IT specialist at the Central Bank of Nigeria (CBN) has announced that the apex bank is making efforts to float a central bank digital currency…