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Month: June 2023
NFT
Sturdy stablecoin market reopens three days after $800K exploit
After recently suffering a recent exploit on its platform, decentralized finance (DeFi) protocol Sturdy Finance has reopened its stablecoin market. On June 16, the lending platform announced that it had unpaused the stablecoin market, allowing […]
Ethereum
Crypto trading bot borrows $200M for a $3 gain
A crypto trading bot programmed to perform arbitrage trades made various complex moves within the Ethereum blockchain — including taking a $200 million flash loan — to secure a mere $3.24 profit. On June 14, […]
Blockchain
DeFi options platform uses social logins, margin trading to draw in liquidity
A DeFi options platform using social logins and undercollateralized trading to draw in liquidity providers just launched, according to a June 15 announcement. The protocol, called “Synquote,” is capable of handling large trades with much […]
Cryptocurrency
Fedi’s Bitcoin Federations Could Onboard Next 1 Billion Users, Says CEO
Long-time Bitcoin advocate Obi Nwosu has set his sights on making the mass adoption of the leading cryptocurrency a reality, aiming to achieve this goal through his new project Fedi. But how exactly? Through something […]
Altcoin
Sweat Economy DAO votes to repurpose $10M of idle tokens
Move-to-earn platform Sweat Economy is set to repurpose over 2 billion native $SWEAT tokens that were locked up in inactive user wallets. The tokens, valued at around $10 billion, were locked up in dormant user […]
Regulation
GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’ – Cointelegraph Magazine
After nearly a decade of gridlock, the United States may finally be on the cusp of crafting a cohesive policy framework for digital assets. In Congress, lawmakers are mulling a variety of proposed bills governing […]
Business
Crypto Marketers Could Face 2 Years in Jail Under UK Regulation
The United Kingdom has eased the path for crypto marketing assets with its new regulatory framework in a significant shift. It offers clarity for fintech enterprises navigating the blockchain industry. The new wave of regulation […]
Market Analysis
Here’s why the Nasdaq 100 and Bitcoin correlation has faded
Bitcoin price has crashed by about $6,000 from its highest point this year. Nasdaq has moved into a strong bull market because of AI. The Federal Reserve will conclude its two-day meeting on Wednesday. Nasdaq […]
Politics
Senator Lumis Vows to Push Forward With U.S. Crypto Regulation
The past week has been a difficult time for the U.S, crypto space. Following the Securities and Exchange Commission’s (SEC) move to categorize a number of major cryptocurrencies as securities, the sector has been reeling […]
