Ad ZachXBT blasted Algorand’s failure to “acknowledge” an ongoing wallet drain hack. The self-described “on-chain sleuth” said the Algrorand users had lost millions of dollars in the attack. Yet the project is continuing to drag its feet in helping those affected. “How about you clowns actually acknowledge the on-going attack stealing millions from community members…
Ad Former Joe Biden administration adviser Daleep Singh told the senate banking committee on Feb. 28 that developing a central bank digital currency — i.e., a digital dollar — would help safeguard national interest and supersede private cryptocurrencies. Singh formerly served as Deputy National Security Advisor for International Economics and Deputy Director of the National…
Ad Coinbase spent $3.4 million on lobbying activities in 2022, ranking second, while Binance US and FTX US ranked ninth and 13th, respectively, according to a recent report by Money Mongers. The exchange’s 2022 lobbying spend marks a 122% increase from 2021’s $1.52 million, according to the Money Mongers report. Binance U.S. grew its budget…
Ad Crypto exchanges Huobi and KuCoin continue to provide services to users of sanctioned Russian banks, according to a report from Politico on Feb. 24. The news publication cited a report from Inca Digital to that effect. Inca’s report specifically suggests that clients of sanctioned Russian banks can use bank-issued debit cards to transact on…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 4…
Ad British MP Matt Hancock is continuing his mission to support blockchain technology through a new NFT collection called “From Ukrain with Love,” according to a statement given to CryptoSlate. From Ukraine with Love The NFT collection comprises works painted by Ukranian artist Oleg Mischenko before the war and will be sold at The NFT…
Ad El Salvador’s embrace of Bitcoin has yet to realize any initially predicted risks. However, greater transparency and attention are still needed, that is, according to a statement by the International Monetary Fund (IMF) following a visit to the country on Feb. 10. “While risks have not materialized due to the limited Bitcoin use so…
The proposal to deploy Uniswap V3 onto BNB Chain stalled this week as investment firm a16z voted against the integration due to a disagreement over the bridge provider. However, as of press time on Feb. 6, 70% of the vote is now in favor of the proposal. Source: tally.xyz a16z voted against the proposal to…
As the elections approach, Turkey’s political opposition group, the Nation Alliance, released its doctrine on Jan.30, which included 13 matters aimed at increasing crypto adoption in the region. The Alliance primarily aims to imply blockchain technology in various public services and bureaucratic processes, according to the doctrine. In the meantime, cryptocurrencies will also be regulated and…
SEC Commissioner Hester Peirce called for the crypto industry to attempt to solve issues that plagued it during 2022 without waiting for regulators to act. Peirce made the comment during a speech at the Duke University Digital Assets Conference on Jan. 20. Crypto is burning Peirce argued that “much of the crypto world is burning”…