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Crypto Wallet Provider Ledger's Library Compromised, Impacting Multiple DApps
December 14, 2023
A malicious infiltration has been detected in ledger's ConnectKit library, affecting multiple Decentralized Applications (DApps) using the library including SushiSwap and Revoke.cash. Ledger, a leading crypto hardware wallet provider, acknowledged …
Read moreImpact of Anticipated Fed Rate Cuts on Crypto and Financial Market
December 14, 2023
In reaction to predictions of a set of seven federal rate cuts in 2024, global financial markets have observed significant fluctuations. Indices such as the Dow Jones Industrial Average breached …
Read moreGemini Earn Users Could Potentially Lose Up to 39% of their Investments
December 14, 2023
According to a reorganization plan shared by the exchange, Gemini Earn users may only recover between 61% to 100% of the value of their pending Earn balance as of January …
Read moreWrapping up the Cryptosphere: Lawsuits, Forecasts, and More
December 14, 2023
Last week was versatile for the crypto market as various major cryptocurrencies suffered significant market corrections. Bitcoin's recent price behavior took a notable dip from its $44,000 high, currently trading …
Read moreDeep Dive: Stablecoins' Stability and Their Impact on the Crypto Market
December 14, 2023
S&P; Global Ratings recently conducted a stability assessment for different stablecoins, including USD Coin (USDC), Gemini Dollar (GUSD), and Paxos' Pax Dollar (USDP), among others. The assessment evaluated the ability …
Read moreFASB Paves Way for Bitcoin's Fair Value Recognition in Corporate Accounts
December 14, 2023
In recent developments, the Financial Accounting Standards Board (FASB), the U.S. organization setting accounting standards, has confirmed the adoption of 'fair value' accounting for institutional Bitcoin holdings. The decision is …
Read moreWorldcoin Steps up Mainstream Integration with Shopify, Minecraft, and Reddit
December 13, 2023
The blockchain-based project Worldcoin, spearheaded by Sam Altman, has launched significant integration with several leading online platforms such as Minecraft, Reddit, Telegram, Shopify, and Mercado Libre. The integration aims to …
Read moreArgentina's Economic Overhaul Features 50% Devaluation of National Currency
December 13, 2023
In efforts to combat the worsening economic conditions in Argentina, President Javier Milei has implemented a 50% currency devaluation, causing the Argentine peso's value to plunge from 400 to over …
Read moreNFT Floor Price Drops Amid Blooming Trading Volumes
December 13, 2023
The floor price of several leading non-fungible tokens (NFTs) demonstrated a sharp decline, in spite of the sector's overall growth in volume. A downward trend was observed in top 10 …
Read moreCoinbase International Initiates Spot Trading for Bitcoin and Ethereum for Non-US Clients
December 13, 2023
Coinbase International, in its recent global expansion move, has announced the commencement of spot trading of Bitcoin (BTC) and Ethereum (ETH) for non-U.S. clients starting Dec. 14. The institution, in …
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