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Polygon Labs president testifies on democratizing the internet with Web3, blockchains
The United States House of Representatives Energy and Commerce Committee’s Subcommittee on Innovation, Data and Commerce gathered to discuss blockchain technology and the future of Web3 on June 7. Crypto industry members, including…
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NFT platform Enjin forks Polkadot parachain Efinity to new mainnet
Nonfungible-token (NFT) protocol Enjin has announced its transition into a new mainnet called "Enjin Blockchain" with the aim of furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity has also been…
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EU watchdog targets crypto ads on Instagram, YouTube, TikTok, Twitter
On June 8, the European Consumer Organisation (BEUC) — an umbrella group for 46 independent consumer organizations from 32 countries — published a report titled: “Hype or harm? The Great Social Media Crypto Con.“ In the 20-page document,…
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Jack Dorsey Triggers Fresh Spat Between BTC Maximalists and ETH-Led Altcoin Tribe
In the heat of SEC’s enforcement actions against Binance and Coinbase, a simple “Yes” by Jack Dorsey on Twitter elicited a flurry of comments.
It all started when a Twitter user asked Dorsey if he thinks Ether is a…
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Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of…
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SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%
The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator's recent legal actions against cryptocurrency exchanges…
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The SEC strikes again: First Binance, now Coinbase
Key takeaways
SEC sues Coinbase for acting as an unregistered broker
The United States Securities and Exchange…
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Bitcoin OG keeps faith in bull market as BTC price bounces 8%
Bitcoin (BTC) swiftly erased its month-to-date losses into June 7 as volatility returned to ultimately favor the bulls. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBTC price cancels Binance, Coinbase dipData from…
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Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.On June 5, blockchain compliance analytics firm Elliptic reported…
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Over $35 Million Reportely Stolen From Atomic Wallet Users
The week started on a grim note following the large-scale theft of digital assets from Atomic Wallet users resulting in a six-figure loss across different chains.
Distraught users have taken to Twitter to challenge some…
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