In less than a week, Terraform Labs founder Do Kwon’s passport will expire. Interpol issued a red notice for Kwon last month, and this month, his assets were reportedly frozen by the South Korean government. Kwon has been tweeting freely in response — and almost always denies the reports. “I don’t know whose funds they’ve
Ethereum has almost made back the gains from previous weeks with yesterday’s upside move and could be gearing up for another push above resistance. The second cryptocurrency by market cap is following the general sentiment in the market and seeing some relief after the influence of macro forces lessened, for the time being. At the
Ethereum development company Nethermind has announced it has “transpiled and compiled” decentralized exchange (DEX) Uniswap v3 on “Warp” — a project designed to allow Ethereum users to swap tokens on the more scalable Ethereum layer-2 network StarkNet. The milestone was announced by team lead Jorik Schellekens in an Oct. 9 Medium post. Nethermind describes Warp
Bitcoin (BTC) may see more pain in the near future, but the bulk of the bear market is already “likely” behind it. That is one of many conclusions from Philip Swift, the popular on-chain analyst whose data resource, LookIntoBitcoin, tracks many of the best-known Bitcoin market indicators. Swift, who together with analyst Filbfilb is also
The United States equities markets have started the week on a weak note as investors remain unconvinced that the Federal Reserve will pull back its aggressive monetary policy. The Nasdaq Composite index fell to its lowest level since September 2020. All eyes will be fixated on the U.S. Consumer Price Index data for September to
It may not have been tulip season in the Netherlands, but there was a palpable buzz at the picturesque Westerpark, which played host to the Bitcoin Amsterdam 2022 Conference. Prominent speakers from all corners of the Bitcoin (BTC) ecosystem drew in a healthy number of attendees across the two days of the program, exploring wide-ranging
Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside
The Board of the International Organization of Securities Commissions (IOSCO) believes regulators on both national and international levels need more power to address increasing risks and challenges from the “digitalization of retail marketing and distribution.” In a report published on Oct. 12, IOSCO proposes measures for its member countries to consider when determining their policy and
Ethereum blockchain-based metaverse projects Decentraland and the Sandbox have hit back at reports suggesting low daily user activity on platforms, arguing a “misinformed” metric was used to measure each of the platforms’ daily active users (DAU). The controversy appears to have come from data originating from DappRadar, with observers suggesting the Decentraland metaverse sees 30 DAU despite
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer mining rigs that produce roughly 396 petahash per second
The United States Financial Accounting Standards Board’s (FASB) decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency. During a meeting on Oct. 12, the FASB board made the decision to require entities to measure crypto assets at
MakerDAO, the governing body of the Maker Protocol has seen its revenue plummet in the third quarter of 2022, caused by a fall in loan demand and few liquidations, while expenses have remained high. According to an Oct. 13 tweet by Johnny_TVL, a Messari analyst and co-author of “The State of Maker Q3 2022,” the
United States Acting Comptroller of the Currency (OCC) Michael Hsu has expressed concerns that regulators are spending “too much time on crypto,” rather than more pressing issues, such as technology and banking. The crypto skeptic OCC head made the comments during an interview with Reuters on Oct. 13, as he outlined a worry that crypto
In the midst of the 2018 crypto price slump, a young entrepreneur invested all her funds and personal money into a prototype that combined fintech and crypto services to offer virtual debit cards and crypto payment services for subscriptions. But because it was a bear market, no one wanted to invest the capital to put
Bitcoin (BTC) began Oct. 13 with classic fluctuations around $19,000 as markets prepared for crucial macro data. No sign of upside ahead of key U.S. data Data from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening downside at the time of writing with hours to go until the United States Consumer Price Index (CPI) print
BNB Smart Chain, the smart contract-enabled blockchain of crypto exchange Binance, will undergo a hard fork as a fix for the exploit that drained the platform of an estimated $100 million on Oct. 6, according to a post on GitHub. The release for the mainnet and testnet is a “temporary urgent patch to mitigate the cross-chain
Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused
Google’s latest crypto feature enables some Ethereum wallet addresses to have their Ether (ETH) balances tracked straight off of the Google search engine — saving the need to make the trip to Etherscan. The feature was first made public by the principal of Google Ventures, Han Hua, in an Oct. 11 tweet. Well done, blockchain
Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” regarding financial technology and needs to return to solving real-world problems. He is currently in talks over legislation that may at least bring more clarity to stablecoins. Currently, there is no U.S. federal definition of
The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been watching the inflation figures closely for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones’