Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains. Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native blockchain analysis tool,” Storyline aims Read More
The Dept. of Commerce has 17 questions to help develop a crypto framework
The US Department of Commerce is calling for submissions on how it can establish a framework that will bolster American economic competitiveness in digital assets including crypto and stablecoins. The Department of Commerce (DoC) intends on publishing a series of Read More
Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the Read More
SEC chair uses crypto enforcement in justification for FY2023 budget
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year. In written testimony for a Wednesday hearing of the U.S. House Committee Read More
Early polling from Terra vote indicates 91% are in favor of ‘rebirth’
Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes. In a proposal opened to the Terra community on Wednesday, more than 91% of votes Read More
Aave launches open-source platform for social networking DApps on Polygon
Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on the Polygon blockchain. Apart from social media DApps, the liquidity market protocol creators aim to use nonfungible Read More
Axie Infinity’s Discord bot compromised, hackers issue fake minting message
Axie Infinity, the popular play-to-earn nonfungible token game, faced another attack on its Discord server earlier on Wednesday, leading to a compromise of its MEE6 bot. MEE6 is a popular discord bot mainly used for automating roles and messages and Read More
South Korean legislature considering new licensing system for crypto
A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors. The report issued by the Financial Services Commission (FSC) to the National Read More
German BaFin official calls for ‘innovative’ EU-wide DeFi regulation
Birgit Rodolphe, an executive director at Germany’s Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union (EU). BaFin is Germany’s financial regulatory body responsible for regulating banks, Read More
Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee
United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role. Johnson was nominated to be a Read More
Global financial regulators will discuss crypto at G7: Report
Central bank governors and finance ministers from the Group of Seven, or G7, are reportedly planning to discuss the regulation of cryptocurrencies. According to a Tuesday report from Reuters, Bank of France Governor François Villeroy de Galhau said representatives from Read More
Review: Bots abound in NFT castle-building game League of Kingdoms
With the development of gaming platforms, virtual items have also become a popular method of monetization, but most games store data on private servers, giving gamers a reason to doubt their reliability and transferability. Developers can change the game policy Read More
BitMEX launches spot crypto exchange following $30M penalty
Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX Spot Exchange, is now live, allowing retail Read More
RBI warns of crypto ‘dollarization’ of Indian economy
Officials from the Reserve Bank of India (RBI) have reportedly sounded the alarm bells again over crypto adoption, which they claim will ultimately lead to the “dollarization” of the local economy. According to a Monday report from the Indian branch Read More
Portugal to lose crypto tax haven status as state announces gains duties
To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date. The move to start taxing crypto was seconded by Secretary of Read More
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency. According to a Friday opinion filing in U.S. District Court for the District of Columbia, the Read More
Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS
Bitcoin (BTC) has been relatively calm during the weekend as crypto traders try to rebuild the markets after the Terra LUNA debacle. With macro factors not supportive, several analysts expect the recovery to be a slow grind. Crypto research firm Read More
Polygon and others extend helping hand to Terra blockchain projects
Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks. Read More
Bitcoin investment giant Grayscale debuts ETF in Europe
Crypto investment giant Grayscale is expanding operations by launching a new crypto-linked exchange-traded fund (ETF) in Europe. Grayscale officially announced its first European ETF, called Grayscale Future of Finance UCITS ETF, on May 16. The new investment product is getting Read More
Crypto capital gains one of four key areas for Australian Tax Office
The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022. A capital gain or loss refers to the price difference between the time an asset was purchased and the time Read More