A foreigner who organized an illegal cryptocurrency exchange in Belarus will be fined, and the court will require that all funds received go to the state treasury. The Ministry of Internal Affairs of the Republic of Belarus reported that a 22-year-old citizen of another country opened a digital asset exchange […]

A new Cosmos-based blockchain called “Tenet” will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers.  The network is currently available as a testnet and will launch […]

Cardano’s price started a fresh decline from the $0.415 resistance. ADA could decline further if there is a clear move below the $0.38 support. ADA price is struggling to gain pace above $0.40 and $0.415 against the US dollar. The price is trading below $0.400 and the 100 simple moving […]

The United Kingdom is set to ban cold calls selling financial products, including insurance and cryptocurrencies, to crack down on fraud. The National Crime Agency estimates that fraud costs the country approximately £7 billion ($8.7 billion) annually.  The U.K. government announced its new fraud strategy, pledging 400 new jobs to update […]

Binance faces serious allegations of market manipulation and money laundering, according to the CFTC and investigative reports by Reuters. A Twitter exchange between former SEC lawyer, John Reed Stark, and Binance Chief Security Officer, Patrick Hillmann, highlights the ongoing controversy surrounding Binance and the need for more transparency and compliance […]

Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.” The central point of dispute is focused on a decision made by the crypto lender in June 2021, […]

A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement. On May 2, Srinivasan, the former chief technology officer at Coinbase, said the […]

George Town, BVI, May 2nd, 2023, Chainwire The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets. Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle […]

The Arbitrum (ARB) price has retraced in line with the market-wide correction over the past few days, falling close to a critical support level. In the current environment, altcoins in general continue to show weakness across the board. However, one altcoin that is exhibiting relative strength, backed by on-chain activity, […]

Nonfungible token (NFT) marketplace Blur recently launched its collateralized lending protocol called Blend, allowing a buy now, pay later approach to purchasing NFTs.  Members of the community had varying reactions. Some believe that it’s a massive development for the space, while others called on the United States Securities and Exchange […]