Circle’s $42 billion USDC is the second-largest stablecoin behind Tether’s USDT. (Read More)
Binance.US Could Be in Violation of Securities Law
SEC opposes Binance. US acquisition of nearly $1 billion in Voyager Digital assets. (Read More)
Top Crypto Exchanges Allow Sanctioned Russian Banks To Use Their Platforms, Says Report
Two well-known cryptocurrency exchanges worldwide, Huobi and KuCoin, still provide services to users of sanctioned Russian banks, according to a report from February 24th. The report alleges that the exchanges failed to take steps to prevent blacklisted Russian banks, including Sberbank, from using their platforms. Although the exchanges do not accept funds from these banks, […]
Music streaming platform Spotify expands its Web3 efforts
Android users in the US, UK, Germany, Australia, and New Zealand may now access the playlists. (Read More)
The Development of Blockchain Chips
The new “fully homomorphic encryption” chip will let users operate on data without decrypting it. (Read More)
Crypto Terms Are ‘in a Lot of Ways Poisoned’ Says Artist Tom Sachs
American sculptor Tom Sach said he is much more focused on pushing the limits of his creative process than the associations of Web3 terms.
Solana faces slowdown in block production, network restarted
The issue is linked to the recent network upgrade from 1.13 to 1.14, which slowed block finalization.
Solana Network Hit With Technical Glitch Hours After Update
Almost all on-chain action on the Solana network has ground to a halt. The network was only able to execute roughly 93 transactions per second (TPS). As a technical glitch slowed users’ ability to trade cryptocurrencies, move assets, or do anything on the Solana network’s blockchain early Saturday, infrastructure providers scrambled to fix the problem. […]
The United Kingdom Announces Plans for New Crypto Regulations
The United Kingdom and its finance ministry is planning to lay the groundwork for new digital currency regulations following the collapse of popular digital currency exchange FTX. The United Kingdom Doesn’t Want Another FTX in the Books Financial Services Minister Andrew Griffith commented in a recent interview: Our view is that this reinforces the case […]
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same […]