Crypto Cafe News

MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan Over 79% of voters approved the option to keep USDC as the protocol’s primary collateral.

Popular Crypto Analyst Says Bitcoin’s Short-Term Volatility a Distraction From Upward Macro Trend A widely followed crypto analyst says the volatile movements of Bitcoin (BTC) distract from its overall upward trajectory.

Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the

U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts First U.S. rule for crypto accounting would aim at giving investors a better sense of a company’s digital assets through a “fair value” approach.

Arbitrum token launches amid turbulence With more than $2 billion in trading volume in the first 24 hours, the $ARB token has finally dropped onto exchanges after a turbulent launch.

Bitcoin Mempool Limit Nears Two-Year High on the Back of Ordinals Inscriptions Rejuvenation The Bitcoin Ordinals craze is bringing added stress to the mempool. The number of transactions in the pool is nearing a two-year high.

Binance employees allegedly help customers in China bypass KYC controls Binance employees and volunteers have allegedly shared techniques with Chinese users to circumvent KYC measures.

Was ALGO affected post termination of Coinbase staking rewards? Exploring… Coinbase has terminated Algorand’s staking rewards. Despite the development, ALGO did not experience negative impacts. The latest victim of the SEC’s continuous crackdown on multiple exchanges may be Algorand [ALGO]. According to a recent notification, ALGO stakes will no longer be eligible for incentives from Coinbase. Is your portfolio green? Check out the Algorand Profit […]

Bitcoin [BTC]: Derivatives demand soars, but what are its implications Bitcoin demand in the derivatives market takes advantage of inflows fueled by banking collapse. Sell pressure may put a cap on the latest rally and trigger some long liquidation, but investors are exiting. Market events so far this month can teach investors a lot about Bitcoin’s [BTC] demand characteristics, especially those related to the derivatives […]

Is This Finally an Atomic Bomb From the SEC? The warning to Coinbase that it’s breaking securities laws may signal the long-awaited attack on crypto’s foundations but also may set up a court fight that finally answers questions.

Metaverse NFT Volume Tops $300 Million This Year, Says Report While Yuga Labs' Otherdeeds collection has topped NFT land sales this year, fashion brands use NFTs to bridge the gap to younger clients.

After Frenzied Arbitrum Airdrop Day, 37% of Eligible Wallets Still Haven’t Claimed Their ARB Nearly 240,000 addresses still need to claim their governance tokens worth roughly $596 million.

Coinbase CEO calls for action in electing pro-crypto lawmakers following SEC Wells Notice In a Twitter Spaces discussion, Coinbase CEO Brian Armstrong addressed the recent SEC Wells Notice by calling for political action.

FTX debtors agree to $95M sale of stake in Mysten Labs In bankruptcy court, FTX debtors proposed a deal in which Mysten Labs and the company would agree to a mutual release of claims in exchange for selling its stake of preferred stock.

Metaverse NFT Trading Volume Hit New All-Time High, DappRadar Says Virtual land trading spiked this past quarter with 147,000 trades generating $311 million in trading volume, according to a new report.

Arbitrum's Daily Transactions Hit Record High Ahead of ARB Airdrop With a new layer 2 token in town, the Arbitrum fever is on.

Crypto Liquidations Hit $291M As Bitcoin Shows Volatility Data shows the crypto futures market has seen liquidations amounting to about $291 million in the last day as Bitcoin has registered sharp volatility.

Fashion Model Gisele Bündchen Explains Why She Invested in FTX Gisele Bündchen prays that justice will reach those responsible for the FTX crash.

As Polygon (MATIC) Continues to Struggle, Could Price Fall Below $1? The Polygon (MATIC) price reaction to the $1.25-$1.32 resistance area could determine the future price trend.

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend Australian crypto exchange Independent Reserve is mulling an office in Hong Kong after the city proposed a licensing regime making it easier for crypto firms to provide services in the region.

Bitcoin [BTC]: A sell-off could be on the horizon, unless… Analysts agree that BTC could trade above $30,000 before a notable drawback. The $1 million prediction by Balaji is unlikely, but short-term direction depends on FOMC. In 2022, several analysts, at different intervals, gave their opinion on Bitcoin [BTC] hitting rock bottom. And on many occasions, the king coin did not agree with the analysts, […]

Dogecoin (DOGE) Signals Imminent Price Resurgence, Is It Time to Buy the Dip? Dogecoin (DOGE) is making a steady price resurgence. Will the negative social sentiment convince crypto investors to buy the dip?

Fed Increases Interest Rates by 25 Basis Points, Suggests Rate Hike Pause Likely The U.S. Federal Reserve increased interest rates to 4.75%-5% after the collapse of major banks drove a conservative approach.

Coinbase Receives SEC Wells Notice Over Listed Crypto Assets, Staking Service, Coinbase Prime and Coinbase Wallet The U.S. Securities and Exchange Commission just sent a Wells Notice to the crypto exchange Coinbase. The notice says the agency has made a "preliminary determination" to recommend the agency file an enforcement action against the company for allegedly violating securities laws.

Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown The exchange says no other services will be affected by this change.

White House Blasts Bitcoin for Having “No Fundamental Value,” Praises CBDCs The White House argues Bitcoin is neither an effective money, nor an inflation hedge.

Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours Metacade, fast becoming the most exciting GameFi project in 2023, has reached the final stage of its token presale after raising more than $500,000 in 24 hours, reaching a total raise of $12.4 million.

European Crypto Startups Raised Record $5.7B in VC Funding in 2022 A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter.

ConsenSys’s MetaMask Institutional Starts Staking Marketplace With Allnodes, Blockdaemon, Kiln The new marketplace comes just weeks before Ethereum’s much-anticipated Shanghai hard fork that should spur growth in staking services.

DeFi insurance claims amounted to $34.4 million in 2022: Report Analytics firm OpenCover’s report revealed that DeFi insurance companies paid out $34.4 million in claims in 2022. As per a previous LianAn Technology report, DeFi exploits across blockchains worldwide totaled $3.64 billion. Decentralized finance (DeFi) analytics firm OpenCover released a report on 22 March, revealing that DeFi insurance companies paid out $34.4 million in claims […]

Paris Blockchain Week 2023: Latest updates by Cointelegraph The Paris Blockchain Week agenda includes high-profile speakers from the Web3, crypto and blockchain ecosystems. PBW 2023 is expected to host over 10,000 attendees.

'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney Donald Trump’s former Acting White House Chief of Staff, Mick Mulvaney, spoke of the rumored "Operation Choke Point 2.0" suggesting it would hurt financial stability and may have contributed to the collapse of Silicon Valley Bank (SVB).

Core Scientific to Send $20M Worth of Mining Equipment to Settle Payment Dispute Judge David Jones obliged Core Scientific to transfer $20.8 million worth of equipment to Priority Power Management.

$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why Bitcoin continues its upward trend as the banking sector faces a crisis; the cryptocurrency has seen its best performance year to date.

$28.7k Could Be Next Level To Break For Bitcoin, Here's Why On-chain data suggests the $28,700 mark, which Bitcoin hasn't hit since the LUNA collapse, could be the next major obstacle to clear.

10 Best Bitcoin Casino Canada: 10 Bitcoin Gambling Sites in 2023 In this article, we have compiled a list of the best Canada Bitcoin casinos that provide a secure and trustworthy gaming environment. You can explore the

This jump makes Uniswap [UNI] the talk of the town, but hurdles lie ahead Uniswap’s social mentions rose to its highest in two months. The monthly trading volume in March hit almost $50 billion, an increase of 8%. Uniswap [UNI] became the talk of the town as the social activity for the decentralized exchange-based token skyrocketed. According to analytics firm LunarCrush, the total number of social mentions for UNI […]

Coinbase Argues an Arbitration Case in U.S. Supreme Court as Crypto Makes Its Debut The first cryptocurrency matter to come up at the high court isn’t directly about digital assets but is a dispute over how courts should handle scuffles over arbitration.

Chainlink (LINK) Edges Higher, but Main Resistance Still Intact The Chainlink (LINK) price shows bullish signs in the weekly and daily timeframe. It is approaching a key long-term resistance level.