Quick take: The OCC has formally given the green light for US banks to offer crypto custody solutions for their customers. Bitcoin (BTC) and Ethereum (ETH) have rallied as a result. US Banks being allowed to...
In brief: After breaking $12k and $400, Bitcoin and Ethereum fell hard to $10,500 and $325. Crypto traders were caught off guard with over $1 Billion in liquidations. The volatility might just prove that we are...
In brief: China has ordered the US to close the American consulate in Chengdu. This move is in retaliation to the United States ordering the closure of China’s consulate in Houston. The back and forth between...
Summary: The team at Celsius Network has debunked rumors that the project’s CEO attempted to flee the United States. Celsius Network representatives have spoken with two crypto media publications pointing out that all its team members...
Summary: Celsius Network has reportedly laid off 150 staff members who constitute 25% of its workforce. The team behind the lending platform had last month hired restructuring advisors. Celsius Network has also put forward three proposals...
The current chair of the US Commodities and Futures Trading Commission boldly stated during a recent event that Ethereum is not a security but is rather a commodity, which means it falls under the oversite of...
Summary: ChainLink technology is now being used by Unstoppable Domains to link Twitter handles to public Ethereum addresses This can be used as a form of identity verification and reduces the hustle of double-checking ETH addresses...
Issues With (At Least) Ethereum-Based DeFi Over the past few months, the so-called “decentralized finance (DeFi)” market on Ethereum (ETH) has absolutely exploded. For those unaware, the idea is that to enable full freedom from the...
While a majority of altcoins have fallen off the face of the Earth, crumbling by upwards of 80% over recent years due to the collapse of the ICO bubble, there have been a few projects that...
Quick take: Chef Nomi of SushiSwap has apologized for selling all his Sushi for ETH worth $14M He further explained his actions were driven by greed Chef Nomi has returned all the ETH back to the...
Quick take: The founder of Sushi Swap, Chef Nomi, sold all his SUSHI in what many believe was an exit strategy Chef Nomi has been compared to Charlie Lee of Litecoin (LTC) Despite the heavy backlash,...
Quick take: Meitu, a Chinese Technology Company, has purchased 379.12 Bitcoin and 15k Ethereum The purchase was made on the 5th of March at a cost of $22.1M and $17.9M respectively Meitu made the purchases as...