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At least 30 tech and crypto founders were reportedly “secretly debanked” in the US during Operation Chokepoint 2.0. Some US government agencies continue to deny transparency regarding their role in Operation Chokepoint 2.0, a period during the Biden administration when crypto and tech founders were allegedly denied banking services, according to Coinbase chief legal officer…
Donald Trump’s advisers said they would recommend the US President sign a resolution repealing the IRS rule into law if passed by the House and Senate. David Sacks, the AI and crypto czar in the Trump administration, said the White House will support congressional efforts to rescind the Internal Revenue Service (IRS) decentralized finance (DeFi)…
The future of DeFi is at risk as outdated data infrastructure struggles to keep pace with high-performance blockchains. Without a fundamental overhaul, innovation and adoption will falter. Opinion by: Maxim Legg, founder and CEO of Pangea The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization,…
The Pectra upgrade aims to significantly reduce Ether selling pressure, potentially contributing to long-term price appreciation. Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. The Ether (ETH) price fell over 32% during February, finding…
Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction. Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction. Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28,…
Only the altcoins with potential ETF approvals and solid revenue-generation models will outperform the crypto market in 2025. Tether’s competitors are exerting increasingly more pressure to push the world’s largest stablecoin issuer out of the crypto market, including political pressure aimed at reducing the firm’s leading market share. In the wider crypto markets, analysts are…
The move comes just days after the SEC dropped its investigation into Uniswap Labs. Decentralized exchange Uniswap has entered into a partnership with trading platform Robinhood and a number of payment platforms to facilitate crypto-to-fiat transactions. Starting on Feb. 27, users in more than 180 countries can sell supported crypto assets to deposit funds directly…
A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted. <p>Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained. “A faulty…
The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November. <p data-ct-non-breakable=”true”>Crypto investors have been moving their assets away from crypto exchange HTX (formerly Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. Between Nov. 25…
The Poloniex and HTX/Heco Bridge exploits as well as the KyberSwap flash loan attack were the three largest incidents in November, according to blockchain security firm CertiK. <p>The cryptocurrency industry has now seen its most “damaging” month for crypto thievery, scams and exploits, with crypto criminals walking away with $363 million in November, according to…