Aave DAO community adopts proposal for GHO stablecoin
A proposal to have the Aave DAO introduce a decentralised, multi-collateral-backed stablecoin dubbed GHO, has passed following a community vote,...
Month: July 2022
Bitcoin mining will lower retail electricity rates in the long term: Expert
Blockchain infrastructure and cryptocurrency mining company Blockware Solutions analyst Joe Burnett stated that the crypto community must debunk the myth...
Bitcoin touches $24,600 as bulls eye best month since October 2021
Bitcoin touched a high of $24,666 on Coinbase to leave the benchmark cryptocurrency on the cusp of its best monthly...
CoinShares: A dovish Fed and weaker dollar could benefit Bitcoin
Bitcoin (BTC) is likely to outperform in the face of a dovish flip from the US Federal Reserve and a...
Babel Finance lost $280 million of customer funds: report
Babel’s losses included 8,000 BTC and 56,000 ETH wiped out in unhedged proprietary trading positions, a proposal deck cited in...
It is worth losing money to prop up the crypto industry, says Bankman-Fried
FTX’s Sam Bankman-Fried is willing to lose money to ensure that the cryptocurrency industry operates as it should. Bankman-Fried,  FTX...
FDIC says deposit insurance does not apply to crypto
The FDIC says the public should note that deposit insurance does not cover non-bank entities and non-deposit products, including stocks...
English FA announces plans for an NFT platform
The Football Association (FA) says its NFTs will be based on the Three Lions and Lionesses teams. England’s national football...
CoinFLEX cuts staff amid efforts to trim costs by up to 60%
CoinFLEX co-founders Sudhu Arumugam and Mark Lamb say the goal is to be lean staff-wise and to remain ‘right-sized’ should potential...
Gensler maintains that crypto exchanges need to register with the SEC
US Securities and Exchange Commission (SEC) Chair Gary Gensler has severally pointed out that cryptocurrency exchanges and trading platforms cannot...
