The troubled cryptocurrency lending company, Celsius, has paid off its final significant debt. Data from Etherscan shows that Celsius returned $50 million to decentralized finance (DeFi) lending platform Compound in the form of DAI, MakerDAO's stablecoin tied to the...
The governor of the French central bank, François Villeroy de Galhau, announced on July 12th that the French central bank, Banque de France, has begun the second phase of testing for a wholesale CBDC, which may be used to...
The California Department of Financial Protection and Innovation (DFPI) has announced that it is investigating some crypto interest account providers to see if they are operating within the law. The DFPI has advised California residents to be careful of...
A class-action suit filed last week in federal court in California accuses major individuals in the Solana ecosystem of illegally benefitting off SOL, which the suit claims are unregistered security. “The cornerstone of the value of SOL securities is...
Blockchain technology is being used by more and more governments in projects that require decentralization and transparency. The main technological organization in Colombia, the Ministry of Information Technologies and Communications, has released a roadmap that outlines how blockchain should...
The CEO of Binance, Changpeng Zhao, popularly known as CZ, has disclosed that he believes in staying clear of the deals that FTX is getting involved in, at the moment. FTX's CEO, Sam Bankman-Fried has actively been involved in...
Boring Company intends to Accept Dogecoin as payment to use its Las Vegas transit system, Loop. Elon Musk, the founder, confirmed this by commenting on a tweet written by a Dogecoin-focused Twitter account that made the announcement. In his...
Kris Marszalek, the CEO of Crypto.com believes that the exchange will continue to grow, not minding the issues that some crypto firms are facing as a result of the bear market and the crash of the Terra network. In...
The worst month for Bitcoin's value since it started trading on exchanges in 2010 was June 2022, when it dropped by 38%. Ethereum, the second-largest cryptocurrency in the world by market capitalization, ended June down 45%. The crypto market...
The UK government is seeking public opinion on how to tax loans and staking for crypto assets in the context of decentralized finance (DeFi). The government is particularly keen on learning more about the taxes on crypto-asset loans and...
