Breaking News

Recent Posts

The crypto industry spent more than $130 million on the election. It paid off.

Advertisements Locked in a tight race for the U.S. Senate in Ohio, Republican candidate Bernie Moreno got a major boost in the weeks before the election: $40 million from the cryptocurrency industry. The money, which funded ads that aired across Ohio, was the most ambitious effort in an audacious multistate campaign by crypto firms to influence dozens of crucial congressional …

Read More »

DeFi Token CRV Tanks 30% as Curve Finance Founder Gets Liquidated

Advertisements The founder of the stablecoin lending and borrowing protocol Curve Finance, Michael Egorov, is seeing his position liquidated. He had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms, reported Lookonchain on June 13. As the price of CRV fell, other positions went underwater, causing a cascade of liquidations. The #Curvefi founder(Michale …

Read More »

Paycoin to end wallet services in South Korea

Advertisements PayProtocol AG, the issuer of Paycoin, announced plans to terminate its virtual asset custody service for the Paycoin app in South Korea.  This decision stems from challenges in the domestic regulatory environment, which have prevented PCI’s payment services from resuming since February 2023. The company has decided not to renew its Virtual Asset Service Provider registration when it expires …

Read More »