Crypto Industry Increases Lobbying Efforts During Crypto Winter

A new study by the Money Mongers reveals that the crypto industry spent $25.57 million on lobbying in the United States in 2022, a 922% increase from 2017. Coinbase, the U.S.-based crypto exchange, led the spending with $3.3 million, followed by the Blockchain Association with $1.9 million and Robinhood with $1.84 million. Despite the increase […]

Uniswap enters bridge assessment process, thanks to this committee

Uniswap moves to improve bridge security through a newly created committee. UNI bears remain dominant but some whale accumulation revives hopes of a bullish relief. Uniswap is making moves aimed at improving bridge security. Many of the crypto thefts that have taken place in the past involved cross-chain bridges, which is why Uniswap’s latest move […]

EOS Soars 8% While Bitcoin Marked 18-Day Low: Weekend Watch

Bitcoin’s massive crash on Friday drove it south to just under $22,000 to mark its lowest price tag since February 14. The altcoins experienced similar enhanced volatility, but most have calmed since then. Ripple’s XRP and EOS are among the few alts with notable gains. Bitcoin Slipped Below $22K Despite the rising volatility at the […]

wBTC Supply Hits 9-Month Low After Major Burn

The supply of wrapped Bitcoin (wBTC) has hit its lowest point since May 2021 following a significant burn of 11,500 wBTC linked to Celsius. The current total supply of wBTC stands at 164,396, with a monthly growth rate of -7.39%. wBTC is an ERC-20 token that mirrors the value of Bitcoin and is pegged 1:1 […]

UK lacks expertise for central bank digital currency

UK is unlikely to issue a central bank digital currency (CBDC) as the Bank of England lacks the necessary technical skills, according to Jon Cunliffe, the deputy governor. The BoE plans to partner with the private sector to test a digital pound in a simulated environment, with the aim of gaining the required expertise to […]

Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting

Cash App has integrated TaxBit into its services, allowing Bitcoin holders to easily report their taxes. Cash App users can track their Bitcoin transactions for tax reporting purposes through TaxBit’s platform. TaxBit simplifies tax reporting for everyone who has integrated digital assets into their portfolio. The IRS set Jan. 23 as the start of the […]

“Return of Customer Assets” Interview with FTX Japan COO Seth Melamed

FTX Japan Interview Three and a half months have passed since the bankruptcy of the crypto asset (virtual currency) exchange FTX Trading Ltd. After careful coordination and response, the Japanese subsidiary “FTX Japan Co., Ltd.” has resumed the withdrawal service of legal currency (Japanese yen) and the withdrawal service of virtual currency from February 21st. […]

Dogecoin (DOGE) Fan Elon Musk Says He’s Moving from Crypto to AI, Here’s Why

Innovative tech mogul and DOGE supporter has posted a surprising crypto-AI tweet

Connect Amazon Web Services with Meta and Google Cloud through Chainlink – Massive potential and real world usecases

Chainlink’s details how Chainlink Function can serve developers.  Users can connect to Meta, Amazon Web Services (AWS), and other platforms using Chainlink function.  ChainLink has revealed the different use cases that come with Chainlink function, as developers prepare to use the newly launched platform. Chainlink recently launched a platform called ‘Chainlink Functions’  which is a […]

New Twist In XRP Lawsuit; What Does Ripple’s New Supreme Court Letter Mean?

XRP Lawsuit News: Ripple labs on Friday filed a letter in the US district court supporting its motion in the long running case with the U.S. Securities and Exchange Commission (SEC). It mentioned that a recent Supreme Court case backs its Fair Notice Defense. However, the agency previously argued that the third parties’ views stand […]