After El Salvador warning, IMF says accepting Bitcoin as national currency is “a step too far”

The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability. In their official blog... Read more »

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment... Read more »

Goldman Sachs just launched a ‘DeFi’ fund…with zero DeFi coins

Expect Goldman to say one thing and do the other. A case in point is the influential US bank’s new ‘Innovate DeFi and Blockchain Equity ETF’ fund, which, despite its name, contains... Read more »

What bear market? Crypto firms raised over $4.4 billion in Q2 2021 alone 

The technology behind the chains or records stored in the form of blocks, which are essentially digital ledgers of crypto transactions distributed across a global network of computers, keeps attracting more investors,... Read more »

Ethereum cofounder to voice “Stoner Cat” in new NFT show starring Mila Kunis

Films and TV shows featuring weed are nothing new, but stoned cats and a novel NFT funding mechanism certainly are. Stoner Cats will be the first-ever TV show paid for by the... Read more »

Binance cuts AUD, EUR, GBP trade pairs amidst regulatory crackdowns

Crypto exchange Binance announced it is delisting margin trading pairs for three fiat currencies, namely the Australian dollar (AUD), the Euro (EUR), and the British pound sterling (GBP). Amidst increasing regulatory pressure,... Read more »

How blockchain, NFTs, and on-demand satellites are saving Africa’s wildlife

Satellite virtualization solutions firm Exodus Orbitals Inc. has announced its partnership with the Lady Rocket Foundation to apply satellite technology and NFTs to better protect African wildlife against poaching and climate change.... Read more »

Elon Musk flips positive on Bitcoin (BTC), but the damage is already done

Tesla CEO Elon Musk has flipped positive on Bitcoin once again. Speaking during yesterday’s The ฿ Word conference, Musk said the mining sustainability situation has improved since he first raised objections in... Read more »

DeFi darling ThorChain (RUNE) suffers $8m hack, its second in a week

Cross-chain DeFi protocol ThorChain suffered an exploit in the early hours, resulting in the loss of $8 million. At present, details of the incident are still under investigation. But devs believe this... Read more »

Coinbase hit by securities class action following $86 bn NASDAQ listing

Coinbase Inc., together with certain Coinbase directors and officers as well as venture capital firms that benefited from the company’s April 2021 direct offering, faces a securities class action lawsuit. Going public... Read more »