Altcoins

The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31. According to the report,

More than 386 million Optimism (OP) tokens — worth $587 million at current prices — are scheduled to be unlocked on May 31 as the initial vesting period for early contributors and investors comes to an end, prompting concerns about downward price pressure. The May 31 OP unlock is one of the largest scheduled unlocking

Bitcoin and the S&P 500 Index (SPX) recovered from their respective intra-week lows to finish last week on a positive note. The recovery was largely driven by the expectations of a debt ceiling deal being reached between the White House and congressional Republicans.  While the short-term picture looks promising, traders should not let their guard down.

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle’s USD Coin (USDC) has seen its market share

On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication.  The sell-off came after users reported that their multichain funds had not arrived due to a backend node upgrade “taking longer than expected.” An admin in the Multichain

Six individuals seeking to overturn the United States Treasury’s decision to sanction crypto mixer Tornado Cash have just relayed four key arguments in support of their motion. In a May 24 filing in support of a prior motion for partial summary judgment, the individuals argue that the “case is not about carving out special rules for

City: OsakaCountry: JapanPopulation: 19 millionFounded: 1889 (as a municipality)Language: Japanese Jump to: Understand, Crypto culture, Projects and companies, Financial infrastructure, Where can I spend crypto?, Education, Controversies and collapses, Notable figures in Osaka and Japan. Understand As one of the largest cities in Japan, Osaka and the broader Kansai region stand out in contrast to

On May 22, GameFi project Gala Games announced that it has partnered with Las Vegas poker streaming platform PokerGO to launch a new Web3 social poker game. Dubbed PokerGO Play, users will have the ability to enhance and upgrade their players in addition to redeeming real-world prizes. PokerGO is scheduled for beta testing in June,

Nonfungible tokens (NFTs) are finally on the most infamous privacy-focused blockchain, but not everyone is happy about it. Mordinals, or Monero Ordinals, are similar to Bitcoin Ordinals in that they allow anyone to inscribe data alongside transactions stored on the Monero blockchain. From reduced privacy on the network to storing illegal content on an undeletable

It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded? According to data from the International Monetary Fund, the U.S. dollar now accounts for just over 58% of global foreign exchange

With a total artwork value of $24 million Trevor Jones is one of the Top 10 most successful crypto artists worldwide. Trevor Jones’ journey to crypto art stardom started the same way as many crypto noobs: His portfolio went way up, he failed to take profits, and the price came crashing down wiping out the paper

The United States Securities and Exchange Commission (SEC) believes Filecoin’s native FIL token is a security, crypto asset manager Grayscale Investments has revealed. According to the May 17 announcement, Grayscale lodged an application with the regulator to launch a Filecoin Trust product on April 14, which would provide investors with indirect exposure to the underlying

The launch of BRC-20 tokens and Ordinals NFTs on Bitcoin has transformed the No. 1 blockchain overnight into a clunkier version of Ethereum. The core developers and miners who signed off on the network’s Taproot upgrade in November 2021 never envisaged this would be the result. Bitcoin now suffers from many of the same problems

Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. In January, the native tokens of blockchain-based metaverse projects Decentraland (MANA) and Sandbox (SAND) witnessed significant surges in price, due partly to swirling rumors about Apple’s venture into mixed

Your guide to the exhiliarating and vaguely terrifying world of runaway AI development. It’s been a hell of a couple of weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT to create a $100 million market cap coin called Turbo, which has now inspired a Beeple artwork and saved a man’s life. Mankind,

The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility. The next big question troubling crypto investors is how will