The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network.
Decentral Block Post
Bittrex challenges SEC's authority in crypto lawsuit, seeks dismissal
Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange.
SEC calls ETF filings inadequate, Binance loses euro partner and other news: Hodler’s Digest, June 25 – July 1
SEC calls BTC ETF filings inadequate, Binance loses euro partner, and a record number of DeFi hacks and scams in 2023.
Kraken ordered by court to disclose user data to IRS for tax compliance
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.
Celsius Network approved to convert altcoins into BTC or ETH
The liquidations will pave the way for the distribution of the funds to creditors in the near future.
FedNow “early adopter” list contains no blockchains, but some may integrate later
Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers.
$656M lost from crypto hacks, scams, and rug pulls in H12023: Report
Approximately $215 million of stolen assets have since been recovered.
Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined
The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains.
Crypto VC is struggling only from a North American perspective — Animoca Brands CEO
Speaking with Cointelegraph at the Collision Conference, in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressing that it is not "as bad as it sounds".
South Korean crypto lending firm Delio under investigation by regulators
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month.
Universities use blockchain-based storage to protect and democratize data
Decentralized solutions can make academic research more secure and more accessible.
NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s
Snoop Dogg’s NFT passport is a blueprint for concert merch of the future, Sotheby’s NFT VP says The Goose drew Millennials to auction house.
SEC to present response to Coinbase’s legal defense on July 13
The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24.
Forget about price! Polkadot Decoded 2023 says bear markets are for building
The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price.
Blockchain Australia CEO calls for unified efforts to stamp out crypto scams
Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.
Coinbase layer-2 network Base closes in on mainnet launch
While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled 4 out of 5 of their criteria for launch.
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isn't the "casino" that it can sometimes feel like in the West.
“Sam Bankman-Fried really hurt the industry” — Anthony Scaramucci
The politician and business magnate has his eyes set on Binance CEO CZ taking the reins of the future crypto industry.
CME Group set to introduce ETH to BTC Ratio futures
The scheduled launch date for these futures contracts is set for July 31, pending regulatory review.
UK crypto bill reaches final stage, on track for passage
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.
LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says
LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it.
Inflection AI raises $1.3B in funding led by Microsoft and NVIDIA
The company has raised $1.525 billion in funding since its inception last year.
AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins
ChatGPT and Bard can help you book fictional hotels and awful 29-hour flights, 3 bizarre uses for AI, and do crypto plugins actually work?
Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process
The motion to dismiss argues that even if all the allegations in the lawsuit are true, the plaintiff does not have a valid legal claim.
What is an atomic swap, and how does it work?
Exchange cryptocurrency securely on different blockchains using atomic swaps. It’s either a swap or a no-swap, ensuring crypto funds’ security.
Canadian committee proposes measures to support blockchain, crypto
The report which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors.
Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
Staked ETH surpasses 23 million in June — Nansen
Ethereum's staking ratio continues to rise since the network upgrade in April.
$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.