Crypto Industry News

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 […]

KuCoin Exchange has integrated fiat payment provider Advcash. Thanks to this, users will be able to deposit and withdraw funds in fiat (including UAH, USD, EUR, GBP and BRL). In honor of this, KuCoin announced the launch of two events with a prize pool of $50,000. A fiat deposit is required to participate in the programs. As […]

The head of Terraform Labs, Do Kwon, officially proposed to hard fork Terra without the UST algorithmic stablecoin.

Investors took advantage of the cryptocurrency market correction and invested a record $274 million in digital assets.