Vitalik: Centralized USDC could decide the future of contentious ETH hard forks

Speaking at the BUIDL Asia event in Korea, Vitalik Buterin said that centralized stablecoins like USDC & USDT will become significant deciders in future hard forks. Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become “a significant decider in future contentious hard forks.”Buterin was speaking at the BUIDL Asia conference in Seoul on Aug. 3,

Mastercard CFO Says He Views Crypto as an Asset Class Rather Than a Form of Payment – Here’s Why

The chief financial officer of credit card giant Mastercard says that the company views cryptocurrencies more as an asset class rather than a form of payment.

Polygon rounds off an active week with this developing hope

Polygon is back again in the heat of the mix.

North Korean Hackers Behind DeBridge Finance Attack: Co-Founder

The Lazarus Group hacker collective has been behind some of the most high-profile and costly crypto cyber attacks.

Finance Redefined: Solana and Nomad bridge fall prey to exploits losing millions

The top 100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.This past week, the DeFi ecosystem saw two exploits, one after another, resulting in the loss of millions of dollars.

Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms

Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail.

SEC Targeting All US-Based Crypto Exchanges in Widespread Securities Investigation: Report

The US Securities and Exchange Commission (SEC) is reportedly investigating every US-based crypto exchange platform, including Binance.

Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator. Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%.

CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB).

CoinSmart Is on the Hunt to Buy Distressed Crypto Assets

The recent market crash is the latest in global financial events that have created unique opportunities for buyers like CoinSmart and FTX wanting to acquire distressed crypto firms at a bargain valuation.

Coinbase posts $1.1B loss in Q2 on 'fast and furious' crypto downturn

It's the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021.

The Vietnam Blockchain Association Will Transform the Region’s Digital Landscape – Here’s How

With the use of blockchain technology has grown exponentially seemingly with each passing year, it stands to reason that this yet nascent market will continue to penetrate and find use cases across a host of technological sectors – including healthcare, supply chain management, cross-border remittance, etc.

THORChain (RUNE) Ready For 20% Climb Before Next Correction

Cross-chain exchange THORChain (RUNE) price registers a gain of 8.12% seen in the past two days.

Deloitte Survey Clearly Shows Crypto Payments Are The Next Big Thing In Commerce

A new Deloitte survey titled “Merchants getting ready for crypto” contains extremely bullish news.

Cloned Bored Ape NFT Emerges through Google AI Technology

Bored Ape Yacht Club (BAYC) NFT collection has been cloned using artificial intelligence technology.

Reddit Community Points Ready for Ethereum Mainnet Through Off-Chain Labs

Off-Chain Labs, the blockchain startup that developed the Arbitrum scaling protocol on the Ethereum protocol has announced that it has been selected to help bring the Community Points (CP) initiative of the Reddit social media network onto the Ethereum Mainnet (Read More)

German crypto bank Nuri with 500K users files for insolvency

Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.” Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug.

L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days.

CME Group to Release Euro-Backed BTC and ETH Futures

CME Group's next crypto move includes the launch of euro-denominated Bitcoin and Ether futures.

230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures.

Ethereum (ETH) Competitor Pumps Nearly 35% After Announcement of New Instagram NFT Partnership

A layer-1 blockchain designed for non-fungible tokens (NFTs) is soaring after being integrated into a major social media platform.

Voyager plans to resume cash withdrawals on Aug. 11

The lending firm said clients with US dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5–10 business days. Crypto lender Voyager Digital Holdings has reported users may be able to make cash withdrawals from the app more than a month after suspending trading, deposits, withdrawals and loyalty rewards.In a Friday blog post, Voyager said clients with US dollars in their accounts could withdraw up to $100,000 in a 24-hour period starting as early as Aug.

Mastercard Partners With Binance To Roll Out New Crypto Card to This South American Country of 47,000,000

Top crypto exchange platform Binance is teaming up with financial services giant Mastercard to bring a new crypto card to South America.

Block Q2 Bitcoin Revenue Down 6% YOY Due to BTC Slump 

Excluding BTC, Block’s Q2 revenue and gross profit increased by 34% and 29%, respectively.

Uniswap Foundation proposal gets mixed reaction over $74M price tag

The largest DEX in the world could be supported by a new $74 million foundation if a new proposal from two community members passes a vote later this month. The Uniswap Labs community has already begun mulling over a new proposal that would form a Uniswap Foundation based in the United States (US), but first, it's going to cost $74 million.The proposal has garnered mixed feedback from the community so far, with many praising the foundation’s plans to support and expand the Uniswap ecosystem, while others have balked at its hefty price tag.

UK Parliamentary Group Seeks Public Comment for Shaping Ecosystem in Crypto Sector

The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) is calling for public comments as it commences its inquiry into the emerging blockchain ecosystem in the UK.

Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.

Fear of War, Monkeypox Causes Stock and Crypto Markets to Churn While Precious Metal Spike Higher

Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday.

Lido’s market dominance and Ethereum decentralization post-Merge

Lido’s liquid staking derivative token has over 90% of the Ethereum market share as the network ultimately transitions to proof-of-stake.

Portuguese Crypto Exchanges Hit with Bank Account Closures

An increasing number of commercial banks in Portugal have begun closing accounts associated with crypto exchanges.