Key Takeaways Ethereum has burned more than $1 million worth of ETH within the first three hours of EIP-1559 going live. The price of Ethereum has reacted quickly, jumping 6% in the last hour. While not deflationary yet, ETH will see a significant decrease to the growth of its supply. […]

DeFi developers and auditors are getting lax. Attackers are taking advantage of an exploit that exists across multiple DeFi platforms and making off with millions of dollars as a result. In the latest DeFi exploit, ‘Popsicle Finance,’ a platform that automatically deploys user funds to the liquidity pool that gives […]

JPMorgan Chase has started to pitch an actively managed Bitcoin fund to its wealthy private banking clients from earlier this week, according to a report by Coindesk. Though the bank did not confirm anything on the new cryptocurrency product, the crypto-focused publication cited two anonymous sources to confirm the report. […]

Cryptocurrency market intelligence provider Messari has concluded a $21 million fundraise that was supported by some of the biggest venture firms in blockchain, once again highlighting growing investor appetite for budding crypto startups.  The new funding will aid Messari in expanding its product suites as well as hiring and retaining […]

The private stablecoin market will surge parabolically in the next four years despite the existing regulatory uncertainty, Unstoppable Domains CEO Matthew Gould believes. In a Thursday interview with Business Insider, Gould predicted that the stablecoin market would hit $1 trillion by 2025 to see roughly a tenfold increase from around […]

Key Takeaways Coinbase CEO Brian Armstrong has voiced his opposition to the new infrastructure bill on Twitter. Armstrong urged readers to contact their local senators to support a proposed amendment to the bill. Coinbase usually avoids engaging in politics, however appears to be making an exception this time. Coinbase CEO […]

Despite the sharp recovery of cryptocurrency prices in the month of July, the overall monthly spot trading volumes on the exchange plummeted significantly. According to the data compiled by CryptoCompare, the spot volume of crypto trading dropped by 31.5 percent month-over-month. In absolute terms, it came in at $1.9 trillion, […]

In what seems like an ongoing streak towards market penetration, prominent crypto exchange FTX has launched support for BSC BEP20 tokens within its wallet services. While no official announcement was made, FTX CEO Sam Bankman-Fried confirmed the development by saying: “ftx.com/wallet now supports BSC for BUSD and BNB! (Withdrawals are […]

New initiatives are required to introduce more people to blockchain technology and cryptocurrencies. Trade Fighter is an intriguing addition, as it offers gains through a gamified crypto asset price prediction platform. Furthermore, all users need to use their skills to predict the future price direction of Bitcoin or Ethereum, offering […]

Singapore Exchange (SGX) released its financial numbers for FY2021 today and reported a strong jump in FICC revenues. Overall, the exchange posted a marginal drop in net profit. According to a press release shared with Finance Magnates, SGX reported total revenues of S$1,056.0 million in FY21, compared to S$1,052.7 million […]