Author Alexander Stefanov

Wrapped Bitcoin (wBTC) makes up about 10% of the reserves for the overcollateralized stablecoin DAI.

Celsius, the crypto lending firm that collapsed in June 2022, is currently navigating bankruptcy proceedings under its new name, Ionic Digital.

The US Consumer Price Index (CPI) report for July, due on August 14, is expected to show a rise, which could influence the Federal Reserve’s upcoming rate decisions.

A crypto analyst has suggested that Bitcoin may be transitioning from a bear trap and gearing up for significant gains.

IBM has introduced a new “Lightweight Engine” for its WatsonX.ai service, primarily targeting enterprise users.

In July, Bitcoin whales made significant moves by purchasing 84,000 bitcoins worth $5 billion, marking the largest monthly increase since 2014.

Tether’s CEO, Paolo Ardoino, has raised alarms about the European Union’s new Market for Crypto Assets (MiCA) regulation, suggesting it might increase systemic risk rather than provide stability.

The cryptocurrency market is set to release nearly $230 million in vested tokens this week, raising concerns of further market instability.

CFTC recently awarded over $1 million to a whistleblower who reported “improper trading” activities in the crypto market. The tip led to an enforcement action by the CFTC.

Several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are under federal scrutiny for handling fraud and scams on Zelle, the instant payments platform.