Ethereum PoW Proponents Vow to Abolish EIP-1559
Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now…
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CryptoPunks Trading Volume Soars 25% Overnight
CryptoPunks is arguably one of the most iconic collections of NFTs – the one that ignited the niche’s bull market in 2021 and throughout the first few months of 2022.…
California’s DEPI Bans Celsius Securities Sales
California’s Department of Financial Protection and Innovation (DFPI) has now issued a desist and refrain order against Celsius. As such, the bankrupt crypto lender will not be to continue the…
LongHash Ventures Launches a $100 Million Web 3 Investment Fund
LongHash Ventures – an Asian investment firm and accelerator that’s geared towards web 3 – has announced a $100 million venture fund for the decentralized web. The money will be…
Bitcoin is the Best Distraction From the Current Financial Collapse, Says Franklin’s CEO
Jenny Johnson – President and Chief Executive Officer of Franklin Templeton – thinks the ongoing economic condition is in a very grim state, while bitcoin is “the best distraction” from…
CoinFLEX Files Restructuring Case in Seychelles Court
Following the halt to all CoinFLEX withdrawals in June – and the subsequent partial restart in July – CoinFLEX has filed a motion to be restructured with the authorities in…
Elon Musk Dumps 6.9 Million Tesla Shares Worth $7 Billion
Tesla CEO Elon Musk has reportedly disposed of nearly $7 billion worth of the company’s stock in recent days as his chaotic Twitter buyout bid still hangs in limbo. Musk,…
Coinbase Reports Over $1 Billion in Losses During Q2
In June, Coinbase shared an earnings report that worried investors, citing market conditions as the primary reason behind the drop in figures. At the time, Coinbase representatives assured investors that…
Curve Finance Issues Warning About Compromised Front End Amid $570K Theft
DeFi liquidity pool giant Curve.Finance has suffered an exploit after malicious hackers attacked its front end, stealing cryptocurrency worth around $570,000. Paradigm security researcher “samczsun” alerted the community about Curve’s…
German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter
The 2022 crypto winter has claimed a new victim. On August 9, the German cryptocurrency exchange Nuri filed for bankruptcy before the Berlin court due to the prolonged bearish cycle…
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