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Fed Vice Chair Warns Bank Involvement in Crypto of Sparking Financial Instability

Federal Reserve Vice Chairwoman Lael Brainard urged policymakers to toughen up regulatory scrutiny on the crypto industry in a speech given at the Bank of England conference on Friday. Once…

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Tether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk

Tether, the company behind USDT, the largest stablecoin by market capitalization, revealed that it liquidated Celsius’s position without risk to its reserves. In a press release on Friday (July 8,…

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Accumulating Cardano (ADA) Ahead of Vasil Upgrade: Sharks Added $37M, Whales Stopped Selling

Although the asset’s price has remained relatively calm in the past few weeks, medium-sized ADA investors have added almost 80 million of the tokens in a month, reveals on-chain data…

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UK Jeweler Sues Insurer Over Failure to Cover $7.5M Bitcoin Ransomware Losses

British multinational jeweler Graff Diamonds Corp. has filed a lawsuit against its insurer, The Travelers Companies, Inc. (Travelers), for failing to provide indemnity after it paid $7.5 million in Bitcoin…

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US Government Officials Holding Crypto Prohibited From Working on Industry Policies

The United States Office of Government Ethics (OGE) outlined that cryptocurrencies and stablecoins do not qualify as “publicly traded securities” according to the agency’s regulations. As such, it banned individuals…

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The Failure of Terra, Celsius, 3AC Highlights the Importance of Self-Custody: DappRadar

DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting…

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