Survey shows African-Americans are leading cryptocurrency investments
The University of Chicago conducted a survey of 1004 young adults (aged 18-29) and discovered that approximately 34% of traders were people of color who had actively purchased cryptocurrency in the previous 12 months. Many African Americans have delved into the world of cryptocurrency in search of wealth-generating opportunities and a break from traditional banking […]
Justin Sun reportedly withdraws billions of dollars in cryptocurrency out of Aave’s lending pools
According to blockchain data, Tron creator Justin Sun has taken billions of dollars in crypto from the lending pools of DeFi lending platform Aave. As a result, the platform has lost a considerable amount of liquidity, resulting in much higher interest rates. Concerns regarding recent tweets between members of the Yearn community and those in […]
Novi, a Facebook app, poses new challenges for remittances
Last Monday, Facebook unveiled Novi, its long-awaited digital wallet, a blockchain-based platform aimed at disrupting the remittances market. Novi , which is now in beta, will let users transmit money from the United States to Guatemala using the stablecoin digital currency Pax Dollar, which they can store in a digital wallet and change into local […]
Shiba Inu Tokens worth $181 million appear in NASCAR driver’s Coinbase account by mistake
When NASCAR driver Keith McGee woke up on Thursday morning, there was an unexpected gift in store for him: $181 million worth of Shiba Inu coins sitting in the balance of his Coinbase account. A tweet from McGee alleges that the money does not belong to him and that he wishes to have it returned […]
Congressmen seek clarity from SEC chief Gensler, on crypto regulations
Congressmen Warren Davidson, Tom Emmer, Ted Budd, Anthony Gonzalez, and Trey Hollingsworth have written to the US SEC Chair, requesting clarification on crypto regulations. The news follows a Bloomberg piece that discussed the SEC’s “significant jurisdiction” over tokens like Tether. It had suggested, citing sources, that the US Treasury’s next regulatory report will establish the […]