Moody’s downgrades Coinbase due to bear: Warns it may not be the last
Moody’s said further downgrades could follow if Coinbase doesn’t diversify from its current revenue model or it’s unable to turn a profit even in a prolonged bear market. Credit ratings agency Moody’s has downgraded the Corporate Family Rating (CFR) and …
Nifty News: Apecoin no longer going bananas, Pharrell touts Doodles and more…
Popular musician Pharrell Williams has become the Chief Brand Officer of the Doodles NFT project, Solana to launch a crypto-focused smartphone and art economist says NFTs are good for the entire art market. Apecoin, the Ethereum-based token tied to the …
Breaking: Harmony’s Horizon Bridge hacked for $100M
The layer-1 blockchain’s main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected. The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million …
‘Bad’ crypto projects should not be bailed out says Binance founder CZ
Binance CEO CZ has argued that crypto firms that have been poorly managed, poorly operated, or have released poorly designed products should be left to crumble. Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be …
Chainalysis tips Australia will crack down on misleading crypto ads
Chainalysis’ head of international policy Caroline Malcolm explained this means bringing crypto-assets into a similar regulatory regime to financial products as occurred in the United Kingdom. Chainalysis’ head of international policy Caroline Malcolm expects Australia’s new rules governing crypto advertising, …
Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse. Brad Garlinghouse, the chief executive officer of Ripple Labs, has claimed the United States …
US Congressional hearing on digital asset regulation focuses on disclosure
An agriculture subcommittee heard a CFTC official, a law professor, a Chainalysis cofounder and Charles Hoskinson air their views on regulation and adjacent topics. Disclosure was an important theme at a United States House of Representatives hearing on digital asset …
Uphold withdraws with Venezuela, citing US sanctions
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30. Crypto trading platform Uphold said it will be withdrawing support for users in …
Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining
Bear markets are for building, which is exactly why HashWorks CEO Todd Esse says BTC’s current pricing presents an opportunity for retail investors and industrial mining companies. Recently, bad news has abounded, and the resulting fear is real. DeFi is …
Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way? The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet …