Author: Adam Stern

Crypto.com App has officially enabled deposits of PayPal USD (PYUSD), with trading slated to follow soon In an exciting development for cryptocurrency enthusiasts, the Crypto.com App has officially enabled deposits of PayPal USD, with trading slated to follow soon. This addition further expands the platform’s already extensive roster of supported cryptocurrencies and stablecoins, which now exceeds 250 options. With popular digital assets such as Bitcoin Ether, Polkadot, Chainlink, VeChain, USD Coin, and Cronos already available, the inclusion of PYUSD provides users with even more flexibility and convenience. Ushering in a New Era of Convenience: Crypto.com Introduces PayPal USD By enabling…

Avalanche Grants Dexalot $3 Million Worth Incentives The Avalanche Foundation’s Multiverse grant program has made a significant investment in Dexalot. This strategic move involves providing Dexalot with AVAX tokens worth up to $3 million. The grant serves as part of Avalanche’s broader mission to incentivize the expansion and development of new subnets within its ecosystem. Accelerating Subnet Growth through Multiverse Grants The Avalanche Foundation’s Multiverse grant program has been established to foster innovation and growth within the Avalanche network. By awarding grants to promising projects, such as Dexalot, the foundation aims to catalyze the development of new subnets and attract…

Coinbase now gets approval to offer crypto futures to retail customers In a groundbreaking development for the world of cryptocurrencies, Coinbase Global (COIN.O) has achieved a resounding victory by securing approval to offer cryptocurrency futures to retail customers in the United States. This momentous decision comes amidst a fierce legal battle with the Securities and Exchange Commission (mostly referred to it as SEC), underscoring Coinbase’s commitment to innovation and growth in adversity. Unlocking New Horizons: Retail Access to Crypto Futures Crypto democratization opens new gates for more people The recent approval marks a significant milestone for Coinbase, as it heralds…

HBAR price skyrocketed In the dynamic realm of cryptocurrencies, few tokens have exhibited a surge as remarkable as Hedera Hashgraph’s HBAR. Over just two months, HBAR has soared nearly 50%, capturing the attention of investors and enthusiasts alike. The catalyst behind this monumental leap is the US Federal Reserve’s groundbreaking inclusion of “Dropp,” a Hedera-based micropayments platform, as a service provider on its instant payments platform, FedNow. The Spark: FedNow’s Adoption of Dropp The surge in HBAR can be attributed to the newfound collaboration between Hedera Hashgraph’s innovative ecosystem and the US Federal Reserve’s forward-thinking approach. FedNow’s decision to integrate…

Voyager transfers $5.5M of crypto while dealing with bankruptcy challenges In a cryptocurrency landscape marked by constant fluctuations and unpredictable developments, the recent move by Voyager to transfer $5.5 million worth of Ethereum (ETH) and Shiba Inu (SHIB) tokens to Coinbase has raised eyebrows and sparked discussions within the industry. As the company undergoes bankruptcy procedures, this strategic maneuver is seen as a pivotal step in optimizing its assets and ensuring stability in tumultuous times. Consolidation for Optimizing Assets Voyager, a prominent player in the cryptocurrency trading space, has found itself amidst financial turbulence, prompting a series of calculated decisions…

Binance Labs logo In a strategic move poised to reshape the future of decentralized finance, Binance Labs has recently announced a substantial investment of $10 million into the Helio Protocol. This capital injection marks a significant turning point for Helio, a pioneering platform initially rooted in the proof-of-stake network BNB Chain. With this newfound financial backing, Helio Protocol is set to embark on a transformative journey, transcending its current boundaries and embracing a broader multi-chain ecosystem. A post on X (Twitter) about this investment Unlocking the Potential of Liquid Staking Liquid staking has emerged as a pivotal concept within blockchain…

Bittrex logo Cryptocurrency exchange Bittrex has found itself in hot waters as it settles charges with the US Securities and Exchange Commission (SEC), agreeing to pay a hefty $24 million fine. This move underscores the growing global scrutiny and regulatory pressure the crypto industry faces. The Securities and Futures Commission (abbreviated: SFC) of Hong Kong has also joined the chorus, warning against unlicensed crypto trading service providers. Unveiling Bittrex’s Regulatory Quandary Bittrex posted an explanation on X (Twitter) Bittrex, once a prominent name in the cryptocurrency exchange realm, now faces the consequences of its alleged missteps. The SEC’s lawsuit, filed…

Despite being a secure blockchain, Solana still experiences attacks and falls victim to some The recent exploit of the Solana-based Cypher Protocol has sent shockwaves through the cryptocurrency community, again shedding light on the security challenges decentralized platforms face. As the protocol’s contracts remain frozen and negotiations with hackers ensue, questions arise about the reliability of smart contracts and the broader implications for the burgeoning Solana ecosystem. Cypher’s post on X (Twitter) A Fast-Growing Protocol Hit by an Unforeseen Blow Cypher Protocol has been making significant strides as one of the fastest-growing protocols on the Solana blockchain. Its loyalty program,…

Alchemix logo In a remarkable turn of events, the lending platform Alchemix has successfully recovered all stolen funds resulting from a devastating hack that targeted various Curve Finance pools. The hacker managed to drain over $61 million in cryptocurrencies, including $13.6 million from Alchemix’s alETH-ETH pool, leading to significant financial losses for several projects. This article explores the attack’s circumstances, the coordinated effort to retrieve the stolen funds, and the measures taken to prevent similar incidents. The Devastating Attack on Curve Finance Pools On July 30, the cryptocurrency community was stunned by the news of a massive hack that hit…

The SEC office In a significant move to protect investors from fraudulent cryptocurrency schemes, the US Securities and Exchange Commission (SEC) has obtained a temporary asset freeze and restraining order against Digital Licensing, Inc., operating under the name DEBT Box, along with its principals and other defendants. The SEC’s complaint (the US District Court for the District of Utah) alleges that DEBT Box and its associates orchestrated a cryptocurrency scam that deceived hundreds of investors, resulting in nearly $50 million in losses. The DEBT Box Deception SEC’s post about the case According to the SEC’s complaint, DEBT Box presented itself…