Author: James Wilson

At the EthCC, Vitalik Buterin mentions a number of tests that can be used to prove whether a company in the crypto space is truly secure and durable enough to withstand various attacks. During his speech at the Ethereum Community Conference or EthCC, Ethereum (ETH) co-founder Vitalik Buterin highlights several ways users and builders alike can judge whether a crypto firm is truly as secure and decentralized as they claim to be. The first test he mentioned was the “walkaway test,” which involved the question of whether users’ assets are still safe if the company and all its servers were…

The native token of the layer-1 blockchain Sui has traded sideways over the past few weeks, raising questions about whether it will rebound or extend its losses into July. Trading around $2.71 at press time, SUI (SUI)has struggled to regain bullish momentum since slumping from its highs earlier this year. Despite recording a modest 1.4% uptick in the past 24 hours, SUI remains under pressure, dropping 15.5% over the past 30 days, approximately 22.9% from this month’s peak of $3.50, and 48.1% below its all-time high of $5.20. SUI’s decline appears to be driven by a mix of technical and…

Circle’s stock price has pulled back in recent days as post-initial public offering momentum faded. Circle Internet is trading at $192, down over 35% from its June peak, cutting its valuation from $70 billion to $42 billion. Several factors have contributed to CRCL’s loss of momentum. First, the decline followed a downgrade from JPMorgan, the bank that led its IPO. The firm initiated coverage with a neutral rating and set a price target of $80, well below current levels. Second, concerns are growing that Circle is significantly overvalued. Its market capitalization is about $20 billion below USDC’s $62 billion valuation…

Useless Coin’s price continued its strong rally this week, reaching a record high even as the broader crypto market retreated. Useless Coin (USELESS), a Solana (SOL)-based meme coin, rose to a high of $0.25, up nearly 1,000% from its May low. The surge has pushed its market capitalization to $240 million. As crypto.news wrote recently, the rally has been fueled by fear of missing out among retail traders and whales. Such speculative pumps are common among newly launched tokens. However, data from Nansen suggests that a reversal may now be underway. Smart money investors have significantly reduced their holdings, which…

In this article, we will review the DeFi Money Market project(DMM). According to the white paper, the team aims to build  “a permissionless and fully decentralized protocol to earn interest on any Ethereum digital asset backed by real-world assets represented on-chain.” We will first explain the DMM project, then highlight some of the caveats and challenges around it. In the end, we will share what we think about the project. But first, let’s dive into the problem which DMM trying to address. The Problem The combined market cap digital assets is more than $200 billion today. There are two leading cryptocurrencies Bitcoin and Ethereum,…

At the EthCC, Vitalik Buterin says that crypto has reached a significant turning point, signified by mainstream adoption from big players and political figures. As a result, the focus for building in the space must also change. During his annual talk at the Ethereum Community Conference or the EthCC on July 2, Ethereum (ETH) co-founder Vitalik Buterin declared that the crypto space has reached what he calls “an inflection point” throughout its 10-15 year run. He said that crypto is no longer a niche space where people can come up with “crazy stuff” that make it difficult to navigate. “We’re…

Schuman Financial founder Martin Bruncko says that the rise of euro stablecoins is “inevitable”, as Europe pushes to digitize its financial systems while strongly resisting dollarization. Speaking at EthCC in Cannes on July 1, Schuman Financial founder Martin Bruncko projected that euro stablecoins will surpass €100 billion in market cap, and potentially reach €1 trillion, despite currently lagging far behind dollar stablecoins. As more of traditional finance moves on-chain, Brunchko argues, demand for euro-denominated digital assets is inevitable. Stablecoins already settle more than €25 trillion a year, which is more than Visa or Mastercard. Moreover, financial institutions are increasingly exploring blockchain-based payments.…

Hundreds of Crypto wallets now allow you to buy Bitcoin and other cryptocurrencies today. If you live in the USA or Canada, you might have many options to buy Bitcoin, but this is still not true for many counties in the world.  In earlier days, when the popularity of Bitcoin increased, people started looking for ways to buy them.  There were some Exchanges, which make it possible to buy cryptocurrencies through your debit card or direct bank transfers. But most of the time, these exchanges do not accept international cards.  In that case, you can buy bitcoin with Paypal. This article gives…

A U.S. bankruptcy judge has ruled that Celsius Network’s lawsuit against Tether can proceed, rejecting key arguments Tether raised to dismiss the case. A U.S. bankruptcy judge in the Southern District of New York has ruled that Celsius Network’s lawsuit against Tether (USDT) can proceed, granting in part and denying in part Tether’s motion to dismiss, according to a memorandum opinion and order filed in the Celsius bankruptcy case on June 30. Celsius Network accused Tether of improperly liquidating over 39,500 Bitcoin (BTC) in June 2022 as crypto prices crashed. The 39,500 BTC was put up as collateral for loans…

Mining company Green Minerals has entered a structured financing agreement with LDA Capital worth 250 million Norwegian kroner. The funds will be used to boost its Bitcoin treasury. Through a press release, the deep sea mining firm has been granted a put option from LDA, which would allow the firm to issue new shares on a flexible basis based on the market conditions. Using an “at-the-market” or ATM structure, the agreement is worth a total commitment of NOK 250 million or around $25 million throughout a year-long period. Based on the agreement, the ATM structure allows Green Minerals to draw…