Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

‘Aggrieved’ FTX Customers Seek $8 Billion in Forfeited Assets
‘Aggrieved’ FTX Customers Seek $8 Billion in Forfeited Assets
June 18, 2024  |  Cryptocurrency

A group of FTX customers say $8 billion of the company’s forfeited assets are rightfully theirs. As Coindesk reported Tuesday (June 17), these customers are seeking a...

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Tether Launches New Digital Asset Backed by Tether Gold
Tether Launches New Digital Asset Backed by Tether Gold
June 17, 2024  |  Cryptocurrency

Tether has launched a new digital asset called Alloy by Tether, which is backed by Tether Gold. This asset aims to “redefine stability in the digital economy”...

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FSB Tackles Stablecoin Risks in Emerging Markets
FSB Tackles Stablecoin Risks in Emerging Markets
June 17, 2024  |  Regulation

The Financial Stability Board (FSB) is taking a closer look at stablecoin use in emerging markets. The watchdog group made that announcement following a meeting of the board’s plenary...

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JPMorgan Doubts Crypto Inflows Will Remain as Robust
JPMorgan Doubts Crypto Inflows Will Remain as Robust
June 16, 2024  |  Cryptocurrency

America’s largest bank says the state of the cryptocurrency market may not be sustainable. This year has seen crypto net inflows of $12 billion thus...

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Crypto Startups Take In $100 Billion From Investors in 10 Years
Crypto Startups Take In $100 Billion From Investors in 10 Years
June 16, 2024  |  Cryptocurrency

In the years since the industry’s founding, cryptocurrency startups have pulled in around $100 billion. That’s according to a report Saturday (June 15) by Bloomberg...

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Layer3 Raises $15 Million to Help Users Discover Web3 Projects
Layer3 Raises $15 Million to Help Users Discover Web3 Projects
June 14, 2024  |  Investments

Layer3 raised $15 million in a Series A funding round to support its omnichain identity and distribution protocol that helps cryptocurrency consumers discover and earn...

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Stablecoin Issuer Paxos Lays Off 65 Employees
Stablecoin Issuer Paxos Lays Off 65 Employees
June 12, 2024  |  Cryptocurrency

Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is...

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SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
June 12, 2024  |  Legal

The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. The deal would resolve an...

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This Week in Web3: Growing Crypto Acceptance and Cross-Border Payments
This Week in Web3: Growing Crypto Acceptance and Cross-Border Payments
June 12, 2024  |  Cryptocurrency

The state of crypto, just like the crypto market, remains promising – if volatile – in 2024. While many observers may have believed that the...

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