Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be left to fail and not receive bailouts from crypto firms with healthy cash reserves. In a June 23 blog post, CZ said that firms that have been poorly operated, poorly managed or have released poorly designed products shouldn’t receive bailouts — and should instead be left…
The Horizon Bridge to the Harmony One layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether (ETH). The hack may vindicate previously raised community concerns about the robustness of the two of four multisig that reportedly secures the bridge. Starting at about 7:08 am until 7:26 am ET, 11 transactions were made from…
In brief Scams continue to plague DAOs and NFT collections, exploiting human and platform weaknesses. Former content moderation service Chatsight is now applying AI to Discord servers. While the crypto industry is focused on building the decentralized Web3 future, centralized Web2 platforms like Discord, Twitter, and Telegram are where the community lives today. As DAOs and NFT collectives continue to…
Federal Reserve Chairman Jerome Powell says the central bank is “not really seeing significant macroeconomic implications” from crypto’s volatility. The Fed chair stressed that there is a need for a better crypto regulatory framework. Fed Chair Powell Says Crypto Needs Better Regulation Federal Reserve Chairman Jerome Powell testified before the Senate Committee on Banking, Housing, and Urban Affairs on “the…
Daniel Batten is a climate tech investor, author, analyst and environmental campaigner who previously founded and led his own tech company. 2022 has changed everything that we in the environmental, social and governance (ESG) sector thought we knew about Bitcoin. We thought it was a net negative for the environment. We could not have been more wrong. It turns out…
Retail investors will be able to trade crypto futures through Coinbase starting Monday, as the largest exchange in the U.S. by volume will offer them on its new Derivatives Exchange platform. The move comes after Coinbase acquired FairX in January as part of its goal of offering crypto futures and options trading to its customers. FairX had been selling futures…
Cristiano Ronaldo has entered a multi-year joint marketing agreement with crypto company Binance. As a part of the deal announced today, multiple Ronaldo NFT collections will be produced in each year of the deal and released exclusively on the Binance NFT marketplace. “Together we’ll give you the opportunity to own an iconic piece of sports history,” Ronaldo wrote in an…
Tl:dr: Coinbase Derivatives Exchange (formerly FairX) will launch its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract (BIT), with each contract sized at 1/100th of a bitcoin.Upon the June 27th launch, BIT futures will be accessible for trading via several leading third-party retail brokers and clearing firms.Coinbase Financial Markets is awaiting approval for its license…
The Ontario Securities Commission (OSC) has taken action against two cryptocurrency trading platforms. Kucoin is permanently banned from participating in Ontario’s capital markets. Bybit has promised to take steps to comply with regulations and register with the OSC. OSC Sanctions 2 Crypto Trading Platforms The Ontario Securities Commission (OSC) announced Wednesday the outcome of enforcement actions against two foreign cryptocurrency…
Chainalysis’ head of international policy Caroline Malcolm expects Australia’s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom when they come into place within the next year. “I think we’re more likely to see something along the lines of the UK model which is really focusing on a crackdown on misleading…
