Crypto News
Latest Crypto News
Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat
The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it. Source link
Learning About DAO Governance From Aragon’s Crisis
While the product foundered, funds from the token launch were managed by the Aragon Association, a Swiss nonprofit, and grew to over $200 million in value due to the rally in eth. During a planned governance transition from the Aragon Association to the Aragon DAO, some activist investors (or “governance raiders,” as some like to…
JPMorgan Cautious About Crypto Markets in 2024
Cathie Wood’s investment firm, ARK Invest, offloaded a sizeable chunk of Coinbase as the shares of the Nasdaq-listed crypto exchange rose to a 20-month high on Wednesday. ARK sold 283,104 shares worth $42.6 million based on Coinbase’s last close of $150.46. The firm has sold over $150 million worth of the shares since Dec. 5….
DeFi Protocol Sushi's CTO Warns of Possible Exploit
Decentralized finance (DeFi) protocol Sushi has reportedly been hit by a front-end exploit, with the company’s CTO issuing a warning about an industry-wide exploit related to a “commonly used” web3 connector. Source link
Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain’s BBVA Among Its Clients
“The crypto spot market is really dominated by players which do not really fulfill the very high requirements of a regulated participant,” CEO David Riegelnig said in an interview. “Primarily, the mix of functions that so-called crypto exchanges typically do, which makes them much more of a broker than actual exchange, was what triggered us…
Basel Committee Proposes Changes to Criteria Giving Stablecoins Preferential Risk Treatment Among Crypto Assets
However, cryptos with “effective stabilization mechanisms” qualify for “preferential Group 1b regulatory treatment.” This means stablecoins can be subject to “capital requirements based on the risk weights of underlying exposures as set out in the existing Basel Framework,” instead of the tougher requirements set for bitcoin and the like. Source link
OFAC Accepts $1.2M Fine from Crypto Exchange CoinList to Settle Allegation of Russia Sanctions Violations
“This enforcement action further emphasizes the importance for virtual currency companies and those involved in emerging technologies to incorporate risk-based sanctions compliance into their business functions, especially when the companies seek to offer financial services to a global customer base,” OFAC said in a media release. Source link
Cardano’s ADA Jumps 17% as Value Locked on Cardano DeFi Ecosystem Reaches $450M
The total value locked (TVL) of all Cardano-based projects jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April. Most growth seemingly occurred over the past week, with lending protocol Indigo and on-chain exchange Minswap seeing their TVL surge by over 50% to nearly $100 million…
Move Over Anchoring Bias, But Bitcoin’s Bull Run Still Has Plenty of Steam Left
Traditional finance investors who want exposure to bitcoin could fall victim to the anchoring bias and intuitively wait for cheaper entry prices. That’s because, in conventional markets, assets rarely double in value in less than a year. Besides, investors, in general, are vulnerable to loss aversion, a cognitive behavior of booking out of winning trades…
In Search of the Elusive Crypto Voter
On Monday, a New Hampshire state representative asked a mostly-filled room at an industry campaign event to raise their hands if they were visiting from another state. More than half the people in the room raised their hands. These visitors had come to hear from industry representatives, state lawmakers and – perhaps most importantly –…