Bitcoin falls below $40k for the first time in six weeks
While several analysts believe Bitcoin will reach six figures if support at $40,000 can be maintained, some believe a bear cycle is on the horizon. It is the first time in six weeks that the price of Bitcoin has fallen below $40,000 USD. At the time of writing, bitcoin prices had fallen by 16 percent from […]
Talk of SEC subpoenas rises at New York crypto event as regulatory monitoring grows
An attendee tweeted Monday morning, amid the hustle and bustle of the Mainnet 2021 crypto conference in New York, that he had seen an event speaker getting “served by the SEC” before they were supposed to take the stage. The article sparked conjecture regarding the legitimacy of the story, the recipient of the supposed subpoena, […]
Automated market maker MonoX raises $5M to launch single-token liquidity pools
The automated market maker MonoX is now in beta development and is expected to go live in Q3 of 2021, according to the company. MonoX , an automated market maker, today announced a $5 million capital investment from venture capital firms including Axia8 Ventures, Animoca Brands, and Divergence Ventures, among others. The funds were raised […]
US Treasury reportedly considers the regulation of stablecoins
The US Treasury Department has apparently explored potential regulation for private stablecoins, despite the market’s expansion. The officials are studying the risks involved if too many people decide to withdraw their stablecoins all at once. According to Reuters, the Treasury held numerous meetings last week to assess the dangers of stablecoins to users, markets, and […]
Yearn DAI hacks: Tether releases freshly unfrozen funds related with Poly Network
Following the announcement that $33.4 million in frozen assets had been released, Tether has been in the news today. Tether, world’s largest was linked to the hacking of the Poly Network that occurred earlier this month, according to the report. The funds were transferred from the Tether Treasury to the Poly Network Multisig address, with […]