Crypto Industry News

The stablecoin A$DC has now been used to buy Australian tokenized carbon credits. There is, however, no information on the value of the transaction yet. A major Australian financial institution has never minted a coin before this one. A$DC was issued by ANZ (Australia and New Zealand Banking Group Limited) back in March. After a […]

The crypto derivatives exchange, CoinFLEX, has frozen user withdrawals on its platform. Amidst the crypto winter, this is yet another platform to discontinue account withdrawals. The company’s CEO, Mark Lamb, explained that CoinFLEX was forced to freeze withdrawals “due to extreme market conditions last week & continued uncertainty involving a counterparty”. The withdrawals will be […]

The value of THORChain’s RUNE token is up 16% since June 22. Two days ago, the THORChain developers have announced the network’s mainnet launch. The THORChain team then also announced the launch campaign on Binance, with a $1 million worth of RUNE rewards for Binance’s users. According to CoinMarketApp, the current price of RUNE is […]

The industry’s largest stablecoin issuer, Tether, announced that it will be introducing a token pegged to the British pound next month. The stablecoin, GBPT, will initially be supported by the Ethereum blockchain. This will be the fifth fiat currency-pegged stablecoin that Tether has launched. Until GBPT, Tether has launched stablecoins USDT (dollar-pegged), EURT (euro-pegged), CHNT […]

Benjamin Dalo, the co-founder of crypto exchange BitMEX, received a sentence of 30 months on probation. Dalo violated the Bank Secrecy Act – an anti-money laundering law. The sentence ends a legal saga that started in October 2020. Arthur Hayes and Samuel Reed (also BitMEX co-founders), as well as Gregory Dwyer (the company’s first official […]

The crypto-security firm Forta has launched its own FORT token. The goal behind the launch is to incentivize security researchers to monitor blockchain platforms. Forta has taken a decentralized approach to security. The company works with researchers who are deploying patrol bots in order to monitor for any potential security breaches. When the bot detects […]

Two large cryptocurrency exchanges, Coinbase and Gemini, were forced to cut losses; to freeze hiring and lay off some of their workers, respectively.

BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains and potential for developer-built decentralized applications (DApps) to improve performance and efficiency. Announced at the BNB Chain Revelation Summit, the document also revealed the latest iteration of the Most Valuable Builder […]

Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly promoting a cryptocurrency platform boasting 30% returns on crypto deposits. Scammers made use of original footage from a TED Talk featuring Musk and curator Chris Anderson […]

The new filing indicates the Twitter deal is still going forward, although Musk recently said the deal couldn’t proceed until Twitter verifies how many users on the platform are spam accounts or bots. Twitter CEO Parag Agrawal said the company’s estimate of spam accounts on the platform is based on multiple internal reviews, and external […]