Tether Promotes Paolo Ardoino to CEO
Paolo Ardoino appointed new CEO at Tether.
Bitcoin Is Currently Neither ‘Bullish’ or ‘Bearish,’ Traders Say
Major tokens seemed to stabilize on Friday morning following a week-long price drop.
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.
Coinbase Sounds Alarm on IRS Crypto Tax Proposal
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
Ethereum Has Nearly Cleared Out Validator Queue, a Sign of Weak Staking Demand
The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.
The SAFER Banking Act Can End Discriminatory Banking Practices
Designed to dismantle barriers to financial services for marijuana businesses, the bill would be beneficial to crypto companies stripped of banking access, says Cody Carbone.
Is Sam Bankman-Fried a Sociopath?
(MIT Bitcoin Club/Wikimedia Commons, modified by CoinDesk)
Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs
The new Ethereum layer-2 network’s debut adds to the competition among rival providers of so-called “zkEVMs,” including Polygon and Matter Labs.
Alameda Lost Nearly $200M to Phishing Attacks, Ex-Engineer Says
Lax security practices seemed to be a feature of the former crypto trading titan.
Reddit’s Fortnite Token BRICK More Than Doubles After Two-Months of Decline
Bricks (BRICK), the native token of Reddit’s Fortnite community, surged by 100% over the past 24-hours following a two-month downswing that saw it lose more than 80% of its value.