Wiz Khalifa’s X account apparently hacked to promote sham memecoin

Yam Finance, an experiential Decentralized Finance (DeFi) protocol, saw its market cap crash down to zero within minutes on Aug. 13. With it, major DeFi tokens, including Compound, Yearn Finance, and Balancer, plunged as well.YAM/USD price performance. Source: CoinmarketcapCompound, the second biggest DeFi protocol in the global market, saw its market cap drop by nearly…

The Blockchain Transparency Institute, or BTI, has published its market data integrity report for 2020. This report found a threefold improvement in the quality of data on veteran crypto rankings site, CoinMarketCap. “Only 31% of the [CoinMarketCap] top 25 is being wash traded compared to over 90% just 1 year ago, a 3x improvement with their…

The process leading Bitcoin to the status of world reserve currency could take a decade, according to Kraken’s growth lead. 253 Total views 1 Total shares Bitcoin has a good chance of becoming the world reserve currency, although we are  “at least ten years away from that”, said Kraken's head of growth Dan Held in…

The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months. 145 Total views 16 Total shares The first phase of the Palau Stablecoin (PSC) Program has been declared a success by the country’s Ministry of Finance. More work on the United States dollar-pegged national stablecoin is planned

Author David Birch says a number of digital assets will arise to challenge the dollar as the dominant world currency. According to David Birch, fintech guru and author of “The Currency Cold War”, if the U.S. doesn’t ramp up its efforts in the digital currency race, the global dominance of the dollar might soon be…

The federal regulatory agency's future is now in question as the Trump administration makes cuts to the administrative bureaucracy. The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy

Terra’s death spiral resulted in the mispricing of LUNA tokens on the popular cryptocurrency exchange. Traders aren't happy with the compensation. 814 Total views 13 Total shares Cryptocurrency exchange Crypto.com has halted the trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the…

“Twitter has extraordinary potential. I will unlock it,” claims Musk following his proposition to buy the social media giant. 160 Total views 2 Total shares In a letter sent to the chairman of Twitter’s board Bret Taylor on Thursday, entrepreneur Elon Musk, best known for founding and heading Tesla and SpaceX, has offered to purchase…

Bitcoin entrepreneur Samson Mow has launched a new company called JAN3, reportedly raising $21M in funding at a $100M valuation. Samson Mow, former chief strategy officer of Blockstream and founder of Pixelmatic, said on Thursday that he has started a new company called JAN3 which will focus on accelerating Bitcoin adoption. The Chinese-Canadian Bitcoin entrepreneur told…