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The need for the U.S. to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House Speaker Paul Ryan stressed.

Stablecoins would help US keep up with China — Former House speaker

United States dollar-pegged stablecoins could alleviate the government’s debt crisis and help the country’s dollar keep up with the Chinese yuan, which has been flexing its muscle in...

3 months ago

The UwU Lend hacker has now stolen a combined $24 million from the protocol across two attacks.

UwU Lend offers a $5M bounty to whoever catches its exploiter

The team behind the UwU Lend protocol is offering a $5 million bounty to whoever identifies its attacker after they pulled off a second exploit on the protocol. “Repayment deadli...

3 months ago

Paradigm has been discussing its new crypto fund for the past few months as markets rebounded.

Paradigm raises $850M for third crypto fund

Venture capital firm Paradigm has closed a third fund to invest in crypto and blockchain-based projects at an early stage. According to an announcement on June 13, the VC firm has ...

3 months ago

A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

US judge approves Terraform’s $4.5B settlement with SEC

A United States district court judge has signed off on the $4.5 billion settlement between Terraform Labs, its co-founder Do Kwon and the Securities and Exchange Commission. ...

3 months ago

Solana Labs has launched Bond, a new platform that will let non-crypto brands leverage the power of blockchain tech to engage with customers.

Solana Labs debuts blockchain customer loyalty platform Bond

Solana Labs, the company behind layer-1 blockchain Solana, could soon be bringing many more non-crypto native brands and their customers into Web3 without many of them even knowing. As...

3 months ago

Greenpeace alleges that Wall Street titans such as BlackRock or Vanguard contribute to the environmental harm derived from Bitcoin mining.

Wall Street must be accountable for Bitcoin mining emissions — Greenpeace

Major financial institutions on Wall Street should be held responsible for bankrolling the emissions-heavy Bitcoin mining industry, according to a new report by Greenpeace USA. The lat...

3 months ago

TON has seen more daily active addresses than Ethereum in 10 of the last 11 days — however, that figure doesn’t include Ethereum layer 2s.

TON flips ETH in daily active addresses, but that’s not the full picture

The Open Network (TON) blockchain has recorded more daily active addresses than Ethereum nearly every day this month. One firm suggests it could be a quiet “flippening” fue...

3 months ago

KuCoin Research believes that the low float, high FDV trend in crypto led investors to other options like Notcoin, which had all its tokens circulating during launch.

May crypto investments hit $1B driven by Notcoin launch — KuCoin

KuCoin’s research arm published a report highlighting that the crypto space saw over $1 billion in investments in May, a slight decrease compared to the previous month. On ...

3 months ago

The huge and sudden uptick in Bitcoin whale accumulation came as Bitcoin supply on exchanges fell to its lowest level since December 2021.

Bitcoin whales scoop up $1.4B in 24 hours amid market correction

Bitcoin whales took full advantage of the Bitcoin price slump on June 11, accumulating a combined 20,600 BTC worth $1.38 billion. According to blockchain analytics firm Crypt...

3 months ago

Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests.

Bitfarms pushes back against Riot’s $950M takeover attempt

A battle for ultimate ownership is heating up between two Bitcoin mining companies, with Canadian Bitcoin miner Bitfarms accusing Colorado-based Riot Platforms of attempting a hostile takeover.

3 months ago