The price of ether has closed the distance to the $2,000 mark on Wednesday, as US inflation came in below expectations. At the time of writing, ether was trading at $1,841, up 8% over the past 24 hours. This puts ether at a price not seen since last June and shows that it has retraced one of its lar...
Crypto exchange Hotbit has announced a suspension of trading, deposit, withdrawal and funding functions as of 10 a.m. ET on Wednesday.  The suspension comes amid an ongoing investigation into a former management employee's involvement in a project in 2021, that is alleged of violating criminal laws,...
Hedge funds would be required to report cryptocurrency exposure through a confidential filing under a new joint proposal considered by the Securities and Exchange Commission and the Commodity Futures Trading Commission. The commissions want to learn more about the risks that cryptocurrency poses to ...
Quick Take Tron’s USDD stablecoin often draws parallels with the ill-fated TerraUSD system. At least for the moment, however, USDD works more like an overcollateralized stablecoin. This feature story is available to subscribers of The Block News Plus. Yo...
Injective, a DeFi-focused layer 1 blockchain, raised a $40 million round in a private token sale led by Jump Crypto. Jump will also be acting as a market maker for Injective Pro, one of the ecosystem's decentralized apps (dApps), according to an announcement this morning.  BH Digital, the digital as...
According to data released on Wednesday, inflation in the US during July came in at 8.5%. Wednesday’s Consumer Price Inflation (CPI) figures show inflation remained unchanged at 0.0% since June, however, it has increased 8.5% year-on-year. Today's figures come in below expectations and represent the...
Web3 wallet firm Phantom clarified late on Tuesday that its systems were not compromised prior to a wallet exploit, in which hackers have so far drained $4.08 million from 9,230 wallets. On Tuesday, Phantom said, after nearly a week-long investigation, security auditors have not uncovered any vulner...
The BitDAO community has voted in favor of a proposal to provide $20 million in funding to bootstrap a new decentralized autonomous organization called AfricaDAO. BitDAO, formed in 2021, aims to promote global crypto adoption by providing grants to projects and also supporting web3-based research an...
Unstoppable Finance, a Berlin-based startup, secured a €12.5 million ($12.8 million) round led by Lightspeed Venture Partners to launch a non-custodial crypto wallet. Other investors in the Series A round include Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabri...
Curve Finance resolved a hack it suffered earlier today, the company said in a late-afternoon Twitter update.   The hack was discovered when a Paradigm researcher tweeted that Curve's front end had been compromised. The Curve team was able to find and revert the hack, and issued a statement asking p...

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