THORChain deactivates non-native tokens, sending RUNE up 18%
After THORChain’s long-awaited mainnet launch in the latter part of last month, the BEP-2 and ERC-20-based variations are being replaced with the enhanced native RUNE token. Proof-of-bond network and cross-chain exchange The killswitch that will gradually reduce support for the BEP-2 and ERC-20-based versions of the RUNE coin has now been turned on by THORChain. […]
FBI warns public about fake cryptocurrency apps
The FBI has officially warned the public about fake cryptocurrency apps that have so far defrauded American investors out of an estimated $42.7 million. According to a securities and intelligence agency alert released on July 18, hackers have developed apps using the same logos and other identifying details as real cryptocurrency organizations in an effort […]
Celsius attorneys assert consumers forfeited legal rights to their crypto
According to the attorneys of Celsius, the bankrupt crypto lender, user funds belonged to the corporation and not the user. According to the lawyers for the company, the 1.7 million registered users of Celsius from more than 100 countries relinquished ownership of the cryptocurrency they deposited into Earn and Borrow accounts. On July 18, lawyers […]
Multicoin Capital Raises $430M, Lightspeed Venture Establishes Team
A new blockchain-focused team has been established by Lightspeed Venture Partners to make investments in blockchain businesses in their early stages. Investors have been apprehensive about the current crypto winter so far, but for serious proponents of the new technology, it appears like the time has come to focus even more on high-potential projects. A […]
Over $160 Million Shorts Liquidated as BTC Hits $22K, ETH $1.4K
ETH’s price soared beyond $1.4K while BTC price is aiming for $22,000. As a result, many short bets have been liquidated. The price of BTC is currently hovering at $22,000, having risen by about 5% over the previous week and 2.1% over the previous 24 hours. The cryptocurrency market has continued to grow, adding $150 […]