Kraken-CertiK $3M saga, zkSync airdrop wallets dumping tokens: Finance Redefined
The ZK token dump led to a 34.5% price decline in the token $0.18 after it hit a high of $0.32 shortly after launching.
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Terra crash highlights stablecoin risk to financial stability: ECB
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy. 354 Total views 18 Total shares The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses…

SEC wants retailer’s crypto suit tossed as it’s based on ‘phantom’ policy
A Texas bag retailer sued the SEC to get legal protection for a token airdrop, but the regulator says the suit was based on a policy that doesn’t exist.

Analyst says $42K must hold to keep Bitcoin price from sweeping its swing low
Bitcoin needs to hold $42,000 or it risks sliding as low as $32,000, according to crypto trader Eric Krown. 887 Total views 23 Total shares Bitcoin bulls continued to battle with bears near the $43,000 support level on Sept. 27 as China’s crackdown on all things cryptocurrency put a halt to last week’s positive price…

Recommending regulations: Crypto working groups make push for adoption
Although the cryptocurrency sector may still be considered the “Wild West” by some governments and regulators, continued adoption and emerging use cases show that digital currencies are here to stay. Some even argue that blockchain-based networks and decentralized finance, or DeFi, platforms may soon replace traditional financial systems. Yet despite ongoing progress, the crypto industry…

Chip Manufacturer Cuts Revenue Forecast Due to Weak Demand for Crypto Miners, Again
Taiwan Semiconductor Manufacturing Co. (TSMC), a leading producer of microchips, has decreased its annual revenue and capital expenditure estimates following growth rate reduction in the smartphone and cryptocurrency mining fields, Business Times reported July 19. TSMC produces chips for tech giants like Nvidia Corp., Apple Inc., and Qualcomm Inc. TSMC cut its revenue growth forecast…

100,000 Join Cointelegraph’s Blockchain Week Event in China
Cointelegraph’s recent China blockchain event spanned five continents and attracted 100,000 viewers. Around 100,000 people in total attended the 2020 Great Bay Area International Blockchain Week, hosted by Cointelegraph China and Cointelegraph in Shenzhen's Great Bay district in the first week of August.Guests were divided between those who participated online and offline, according to Cointelegraph…

CertiK shares security tips following third BAYC security compromise in six months
According to CertiK, investors should be highly skeptical of free NFT giveaways, as well as small peculiarities in sites they interact with. 140 Total views 3 Total shares On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth…

15% Correction Drops Bitcoin Price to $8,100 Days Before BTC Halving
Bitcoin price drops by 15.30% just 2 days before the block reward halving. At 12:40 A.M. UTC time Bitcoin (BTC) price dropped from $9,574 to $8,112 in the course of 15 minutes. The 15.30% drop came after the top ranked digital asset on CoinMarketCap struggled to reclaim the $9,800 support after falling below the support which…