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Deciphering Crypto Slang: Depth of Market, Whale, Shitcoin
Bitcoin and blockchain technology have garnered attention from a significant number of people across the globe. Nevertheless, engaging with traders or passionate crypto enthusiasts may give the impression that the crypto universe is laden with intricate terms, which can be quite daunting for the layperson to comprehend. Stably Unveils BRC-20 Stablecoin
Crypto startup Stably has unveiled Stably USD, a dollar-backed stablecoin aimed at transforming trading within Bitcoin’s thriving on-chain economy. The company asserts that its stablecoin offers a more cost-effective and efficient trading experience compared to fiat or Bitcoin itself. Europe Eyeing Stricter Rules for DeFi
The European Systemic Risk Board (ESRB), the EU's financial stability authority, has voiced concerns that the rapidly expanding digital asset and decentralized finance (DeFi) sectors could pose a systemic threat to the economy. This warning has led to suggestions that further regulations may be needed to oversee major crypto conglomerates and smart contracts. Secure Your Ukraine-Malta Match Tickets with WhiteBIT!
As the official crypto partner of the Ukraine national football team, WhiteBIT is thrilled to offer fans a golden opportunity to secure their tickets for the Ukraine-Malta match ahead of everyone else. The ticket presale for this highly anticipated event starts today! Should Ukraine adopt EU's MiCA crypto asset regulations?
Deputy Minister Alex Bornyakov of Ukraine's Ministry of Digital Transformation has voiced his support for the adoption of certain provisions from the European Union's MiCA regulations on crypto assets. Bornyakov believes that integrating these essential aspects of MiCA into Ukraine's regulatory framework will facilitate the seamless integration of crypto businesses.
John Ray III, the newly appointed CEO of the beleaguered FTX exchange, has dropped some hints that a potential revival of the exchange may be in the works. Ray, who took over the reins to navigate FTX's bankruptcy proceedings, indicated earlier this year that a resurgence was not off the table.
Recent billing reports reveal intriguing developments - Ray spent 6.7 hours working on aspects related to "2.0," thought to signify the possible relaunch of the exchange as FTX 2.0.
As of now, tangible evidence supporting the exchange's resurrection is scant, with only theoretical remarks and internal plans to go by. However, Ray hasn't entirely dismissed the prospect, stating in January, "Everything is on the table. If there's a feasible way forward, we'll not only explore it, we'll undertake it."
In a conversation in April, FTX's chief lawyer, Andy Dietderich, floated the idea that the crypto exchange could potentially spring back into operation. Such a move would demand substantial capital infusion and could even provide customers with stakes in the future exchange. However, Dietderich clarified that this is merely one of numerous possibilities and nothing has been finalized yet.
Venture Capital firm Tribe Capital has reportedly shown interest in spearheading a funding round to reboot the exchange. Stepn Enables In-App NFT Trades on iPhones
Stepn, an Australian-based blockchain-enabled fitness app, has made a significant stride in the crypto world. The app, which awards users with cryptocurrency rewards, announced that its patrons can now directly buy and sell Stepn's digital assets within the app, rather than needing to switch to an external marketplace. Binance Counters Claims of Mixing Company and Client Funds
In a swift response to a Reuters report, prominent crypto trading platform Binance firmly refuted claims of impropriety in managing its clients' assets. The allegation centered on Binance purportedly infringing US banking norms by merging customer deposits with the firm's operational earnings. Bankrupt Crypto Firms: Can Funds Be Recovered?
The lingering question of refunding after a crypto company's bankruptcy goes back to the infamous Mt.Gox case, which has yet to make any repayments. However, other case studies help provide a clearer understanding of what users might anticipate in similar scenarios. 









