[ad_1] On Tuesday, tokens of cloud blockchain infrastructure provider Chain.com (XCN) suddenly lost over 90% of their value before recovering most of their losses later in the day. In a post-mortem analysis published by Chain.com, the firm said that a market maker and API error at 01:00 SGT began to cause XCN to drop in large percentiles. As the event took place, corresponding bids became stuck via API orders, causing
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[ad_1] Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the European Commission, is moving forward with discussion on regulating cryptocurrencies amid three major events in the space.In written remarks for a speech in Brussels on Tuesday, McGuinness said the Celsius Network recently suspending withdrawals as well as the crash of Terra (LUNA) show the need for crypto-asset regulation in the European Union. She added
[ad_1] The most recent crypto market declines started last Friday, which coincided with a stock market selloff. These crashes were worsened over the weekend by issues with crypto market infrastructure and services. The stock market meltdown on Monday also didn't improve matters. However, even as markets recovered on Tuesday, digital assets remained in the doldrums. “It has been a rough few days for crypto traders,” said Edward Moya, an analyst
[ad_1] According to an 8-K filed on Tuesday June 14, one of the world's largest cryptocurrency startups, Coinbase, is laying off nearly 18 percent of its personnel. This comes as the crypto market continues to be battered by prospects of more aggressive Federal Reserve interest rate hikes. According to the filing, the reduction will reduce the company's staff by 1,100 individuals, bringing the total to 5,000 by June 30. According
[ad_1] The VeChain Foundation, a leading enterprise-grade L1 smart contract platform and the Ultimate Fighting Championship (UFC), have announced a multi-year marketing collaboration. According to both partners, this deal is “first of its kind” and is aimed at “breaking market grounds” for the mixed martial arts organization and the blockchain-based company. With this deal, the VeChain Foundation will have an “unprecedented level of integration into key UFC assets.” Some aspects
On today's episode of The Cryptoverse… While reading the cryptocurrency news headlines today, you may very well have seen claims to the effect of “SEC ... source
[ad_1] Optimism token was attacked earlier this week after the team announced that 20 million OP tokens were stolen. On Friday, the attacker behind the theft returned 17 million tokens. For returning the tokens, the attacker was rewarded with 2 million of the tokens. The funds were returned over the course of 17 transactions to an address belonging to Optimism, the Ethereum rollup provider. Before the return of the tokens, the attacker sent an on-chain message
[ad_1] Ethereum's native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA) near $1,196. The 200-week SMA support seems purely psychological, partly due to its ability to serve as bottom levels in the previous Bitcoin bear markets. Independent market analyst "Bluntz" argues that the curvy level would
[ad_1] After the proposition of the Lummis/Gillibrand new crypto bill seeking to transfer much of crypto regulation to the CFTC, the chairman of CFTC, Ross Benham, has said that his agency is set to move further into the cryptocurrency regulatory space. Ross said one of the goals of CFTC would be to define which cryptos would come under its jurisdiction. The new crypto bill, which is still very much a proposal,
