The number of active users in the Decentraland and The Sandbox metaverses has dropped massively, according to DappRadar statistics. The two platforms had less than 4,000 unique active wallets in the past 30 days, while the floor prices of non-fungible
Payments processor PayPal is further integrating cryptocurrency into its services. The payments giant has now launched crypto-to-USD conversions (aka off-ramps) for customers in the U.S. According to a blog on the PayPal website, the off-ramp service will increase access to
The crypto community is wallowing in the misery of a protracted bear market so bad that some are calling it the ‘worst’ in history. Bitcoin peaked at $69,044.77 on Nov. 10, 2021, and remains 60% down from its all-time high,
The U.S. Commodity Futures Trading Commission (CFTC) has unleashed a series of penalties against prominent decentralized finance (DeFi) platforms, including Opyn, 0x, and Deridex, citing breaches of federal digital asset derivatives trading laws. These actions have ignited a heated debate
In the wake of a hack that saw Ethereum co-founder Vitalik Buterin lose $700,000 worth of crypto assets, Binance CEO Changpeng Zhao (CZ) has sounded the alarm on the necessity of robust security measures. Changpeng Zhao specifically endorsed hardware-based Two-Factor
A federal court in New York has frozen the assets of Alexander Mashinsky, the former CEO of the now-bankrupt crypto lending company Celsius Network. Unsealed documents disclosed on Sept. 5 reveal that the court has targeted Mashinsky’s bank accounts and
While the broader crypto market is mired in a protracted slump, one segment has emerged as a phoenix rising from the ashes: liquid staking. According to a recent Bloomberg report, assets locked in liquid staking services have surged 292% to
OpenSea volume during the second month of Q3 was the lowest it has recorded in the past two years, and the new low has reduced its standing in the ranks of the largest NFT marketplaces in the sector. OpenSea, a
In a landmark decision that could have far-reaching implications for the cryptocurrency industry, Judge Katherine Polk Failla of the Southern District of New York ruled Ethereum (ETH) a commodity. This determination, stemming from the Uniswap lawsuit, is particularly notable given
According to a recent report, the SEC is facing scrutiny from legal experts over its management of digital assets, particularly evident in the ongoing Ripple XRP case. A pro-crypto attorney, John Deaton, has voiced notable apprehensions about the agency’s mission,
The future of Dogecoin, the meme-inspired cryptocurrency, hangs in the balance as its community voices divided opinions on the potential shift from its current Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) model. The debate, which has been brewing since 2021,
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
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