A mistake enabled someone to spend $50,000 to receive $1.43 million of olympus (OHM) tokens when they should have received far less, according to an update in the OlympusDAO Discord. "Earlier today someone bonded an OHM/DAI bond that was presumed to be closed off. This enabled the user to have a sub...
Federal bank regulators in the United States issued a statement Tuesday summarizing the results of their inter-agency sprint towards clearer crypto regulations. The regulators, comprised of the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporati...
The government of India is expected to introduce a crypto bill in the winter session of Parliament, according to an official bulletin. The bulletin, published Tuesday, lists "The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021" for introduction, consideration and passing. The b...
El Salvador should not use bitcoin as legal tender due to the financial and consumer risks it poses, International Monetary Fund (IMF) staff wrote in a concluding statement related to a mission in the Central American country.  "Given Bitcoin’s high price volatility, its use as a legal tender entail...
Ohio-based bitcoin mining firm GRIID announced Monday that it has inked a $525 million credit facility from crypto platform Blockchain.com.  A credit facility is a type of loan in which the lendee can withdraw some or all of the designated amount until the term’s end. GRIID’s credit facility has a f...
Royal, the startup building a marketplace for digital assets tied to music artists, has secured $55 million funding through a Series A fundraise led by a16z. Royal aims to provide artists with a way for music artists to share ownership in their music with fans by issuing digital collectibles and non...
American banking giant Citigroup has promoted Puneet Singhvi from head of blockchain and digital assets in the global markets division to lead its institutional clients group (ICG) in the space.  Starting his role on December 1, Singhvi will report to Emily Turner, the head of business development f...
The governing council of the European Central Bank (ECB) has approved the expansion of the ECB’s electronic payment oversight to cover crypto transfers and other digital payment tokens. According to a press release issued by the ECB on Monday, the new policy is part of a revamped Eurosystem electron...
Quick Take The trustee in Mt. Gox’s bankruptcy presides over a trove of 141,686 bitcoins with a market value of over $8.3 billion that is at last nearing redistribution.  Fortress Investment Group and 507 Capital, which have spent years hoovering up unpaid Mt. Gox claims, stand to make...
On November 22, the White House announced the re-nomination of Jerome Powell to serve as the chairman of the Federal Reserve Board.  Powell, a Republican who began his current term under President Trump, has enjoyed a reputation as a moderate in volatile times. Thanks to that reputation, he has been...

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.