OpenSea Co-Founder Steps Down to Focus on New Projects
Following a fulfilling tenure at OpenSea, Alex Atallah – one of the co-founders of OpenSea – will be stepping down in August in order to focus on new ventures. He…
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Crema Finance Hacked for $9M, Team Shares Investigation Details
A Solana-based concentrated liquidity protocol – Crema Finance – temporarily halted its operations to investigate an exploit that drained more than $8.78 million worth of cryptocurrencies. Crema Hack Recap As…
Coinbase-Backed Lending Platform Suspends Withdrawals, Looking to Restructure
The cryptocurrency market downturn continues taking its toll, and lending companies are feeling the heat across the board. Another crypto lender to cease transactions is Vauld. According to a blog…
NFT June Sales Down to 12-Month Lows Amid Ongoing Bear Market (Report)
After defying the trends for several months, NFT sales have finally fallen in line with the broad cryptocurrency bear market trends. DappRadar and Chainalysis data reveal that the NFT sales…
Cardano Successfully Launches Vasil Upgrade on Testnet
Cardano (ADA) has successfully conducted a hard fork of its testnet in readiness for the upcoming Vasil upgrade. The new development promises greater scalability and performance improvements to the network.…
Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves
Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the…
US Millennials Own More Crypto Than Mutual Funds: Survey
According to a research conducted by the investing firm Alto, 40% of the American millennials (those aged 26-41) hold cryptocurrencies. Nearly the same share of people own individual stocks, the…
US and UK Set to Team Up Regulating Cryptocurrencies
Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming…
High Volatility Causes a Risk to Crypto-Backed Mortgages: Citigroup
Wall Street giant Citigroup released a new report on cryptos-backed mortgages as an alternative for financing properties. The document laid out the benefits of such a financial innovation and the…
Meta to Shut Down Digital Wallet Novi Less Than a Year After its Launch
The Novi digital wallet will be shut down on September 1, announced the company behind the project – Meta (formerly Facebook). This comes after years of regulatory scrutiny and unsuccessful…
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