Crypto Community Holds its Breath as the EU Finalizes Regulations on PoW and Unhosted Wallets this Month

Crypto Community Holds its Breath as the EU Finalizes Regulations on PoW and Unhosted Wallets this Month

Summary: EU legislators are estimated to finalize regulations on proof-of-mining crypto activities and unhosted wallets by the end of June. Such regulation will have enormous implications for the crypto industry in Europe and globally. The crypto community is anxiously watching as EU legislators finalize regulations that will affect proof-of-mining activities and unhosted (non-custodial) wallets within…

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Harmony Protocol Offers $1M Bounty for the Return of Stolen Funds and Information on the Bridge Exploit

Harmony Protocol Offers $1M Bounty for the Return of Stolen Funds and Information on the Bridge Exploit

Summary: Harmony Protocol has offered a $1 million bounty for the return of the stolen funds from the hack of its Horizon bridge and for information on how it happened. Harmony Protocols’ founder has so far identified compromised private keys as the most likely root cause of the exploit. The team at Harmony Protocol has…

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Morgan Creek Digital is Reportedly Planning to Raise $250M to Counter FTX’s BlockFi Bailout Offer

Morgan Creek Digital is Reportedly Planning to Raise $250M to Counter FTX’s BlockFi Bailout Offer

Summary: Morgan Creek Digital is reportedly looking to raise $250 million to counter FTX’s line of credit to BlockFi. The move resulted from one of FTX’s terms for the credit line to BlockFi, to wipe out shareholders, including Morgan Creek Digital. Morgan Creek Digital, the hedge fund founded by Mark Yusko, Jason Williams, and Anthony…

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CZ: Binance Is Looking at 50 to 100 Deal Proposals From Projects Affected by the Crypto Market Drawdown

CZ: Binance Is Looking at 50 to 100 Deal Proposals From Projects Affected by the Crypto Market Drawdown

Summary: CZ has clarified that Binance is looking at 50 to 100 deal proposals from crypto projects affected by the ongoing crypto winter. CZ was correcting reports by the Block that had misquoted him as saying that Binance was looking at 5,200 deals. The founder and CEO of Binance, CZ, has clarified via Twitter that…

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Tron’s (TRX) Total Accounts Hits a New Milestone of 100M As the Project Celebrates its 4th Anniversary

Tron’s (TRX) Total Accounts Hits a New Milestone of 100M As the Project Celebrates its 4th Anniversary

Summary: The total number of accounts on the Tron blockchain has hit a new milestone of 100 million. Tron is also celebrating its 4th Anniversary as an independent chain after migrating from Ethereum on June 25th, 2018. The total number of accounts on the Tron blockchain has hit a new milestone of 100 million. The…

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Bitcoin Selling By Miners Could Continue into Q3 if BTC’s Price Does Not Improve – JP Morgan

Bitcoin Selling By Miners Could Continue into Q3 if BTC’s Price Does Not Improve – JP Morgan

Summary: Bitcoin miners needing to sell could weigh down on the price of BTC for some time. According to analysts from JP Morgan, miners offloading Bitcoin to cover costs could continue into the third quarter of 2022 if the value of BTC does not improve. However, selling pressure could reduce, given Bitcoin production costs have…

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Yuga Labs Has Filed A Lawsuit Against Parties Slandering the Bored Ape Yacht Club NFT Project

Yuga Labs Has Filed A Lawsuit Against Parties Slandering the Bored Ape Yacht Club NFT Project

Summary: Yuga Labs has announced that it has filed a lawsuit against parties slandering the Bored Ape Yacht Club NFT project. The Bored Ape Yacht Club NFT project has been the victim of conspiracies that it has ‘racist’ undertones. The Co-founder of BAYC, Gordon Goner, had earlier this week attempted to debunk such claims. Yuga…

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Bitmex’s Hayes: Don’t Believe Goldman Sachs is Putting its Own Money At Risk to Buy Assets From Celsius Network

Bitmex’s Hayes: Don’t Believe Goldman Sachs is Putting its Own Money At Risk to Buy Assets From Celsius Network

Summary: Arthur Hayes has cautioned the crypto community against believing Goldman Sachs will risk its own money to buy assets from the Celsius Network. Mr. Hayes explained that Goldman Sachs would simply assemble a bunch of investors to help them structure the purchase of the distressed assets at a ‘phat’ fee. He is also optimistic…

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Sky Mavis to Reimburse Axie Infinity Hack Victims and Restart the Ronin Bridge as Early as June 28th

Sky Mavis to Reimburse Axie Infinity Hack Victims and Restart the Ronin Bridge as Early as June 28th

Summary: Sky Mavis, the parent company of Axie Infinity, expects to reimburse hack victims on June 28th. The Ronin Network bridge is also expected to reopen on the same day. The parent company and developer of the Axie Infinity Video Game, Sky Mavis, has said in a statement that it expects to reimburse all affected…

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Celsius Considers Bankruptcy, Hires More Advisors

Celsius Considers Bankruptcy, Hires More Advisors

Summary: The crypto lending company of Celsius is reportedly considering filing for bankruptcy. Celsius has therefore hired more advisors to prepare for the potential filing. The crypto lending company of Celsius is reportedly considering filing for bankruptcy. According to a report by the Wall Street Journal, Celsius Network LLC has hired restructuring consultants from the…

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