Aswath Damodaran, a professor of finance at Stern School of Business at New York University, has recently expressed skepticism regarding bitcoin’s potential and current status. He views it as a currency that nobody uses and a “collectible that doesn’t behave like a collectible.” He also opposed the theory that bitcoin could serve as a hedge […]
The Hong Kong Monetary Authority (HKMA) released a report on Aug. 25 detailing the findings of its Project Evergreen study which analyzed the market impact of bond tokenization. The report concluded that tokenization provides improvement for the bond market, and Eddie Yue, the chief executive of the HKMA, said it highlighted the potential of deploying […]
Jeremy Cahen, the founder of Not Larva Labs, has revealed Zachary Testa as the alleged founder of the PEPE meme coin. This news has caused a 19% drop in the coin’s price within the last 24 hours.The speculation was further fueled by the movement of 16 trillion tokens from a multi-sig wallet linked to the […]
Pyme is a platform revolutionizing the investment landscape in the world of cryptocurrency and Web3 companies. It focuses on empowering individuals from diverse backgrounds and democratizing finance, connecting investors with early-stage Web3 ventures. Pyme evaluates factors such as technology, team composition, market potential, and scalability to reduce risks associated with early-stage investments.Pyme also provides comprehensive […]
PepeCoin (PEPE) experienced a sharp decline in its market capitalization on Wednesday morning after 16.045 trillion PEPE tokens worth $16.85 million were transferred from the team’s wallet to various crypto exchanges. The tokens were sent to Binance, Bybit, KuCoin, and OKX from a multi-sig Ethereum address, which normally requires approval from many parties before any […]
FTX, a once-prominent crypto exchange, has been the victim of a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants. FTX has reassured its customers that its own account passwords, systems, and funds have not been compromised.Kroll, the claims agent working on the bankruptcy […]
FTX and BlockFi have recently been targeted in a phishing scheme as a result of a security breach of their bankruptcy case claims agent, Kroll. Kroll is in the process of notifying affected individuals and providing guidance on how to protect themselves. FTX has stated that their account passwords and systems remain uncompromised.BlockFi has also […]
The US government is proposing a new set of rules for the taxation of cryptocurrency transactions. The public has until October 30 to submit comments and there will be public hearings on November 7 and 8. The industry may be concerned about the treatment of decentralized exchanges, which could be subject to the reporting requirement […]
The US Securities and Exchange Commission (SEC) has been known for its continued crackdown on the crypto industry over the last few years. Charles Hoskinson, the founder of Cardano, believes that the agency’s actions are politically motivated. He believes that the regulator is trying to save face in the wake of the fall of disgraced […]
Cryptocurrencies, such as Bitcoin and Ethereum, have seen a surge in transaction volumes, surpassing those of Mastercard and PayPal. This has the potential to revolutionize the financial landscape.Stablecoins, a type of cryptocurrency, have been particularly successful in this regard. They are designed to maintain a stable value, making them attractive to investors and users alike. […]
