• Hackers broke into Robinhood’s social media accounts to promote a fraudulent coin called RBH. • The initial price of the coin was set at $0.005, and the analysis of the token revealed that creator and tokenomics information were missing. • Binance CEO Changpeng Zhao reported that the suspicious account had been suspended and Robinhood […]
• European Union lawmakers have agreed to stricter new requirements for banks dealing with crypto and digital assets. • These measures include a requirement for banks to disclose if and how they are exposed to cryptocurrencies, and to hold more capital to protect customers against crypto losses. • This bill will cover the financial capital […]
• The European Parliament’s Economic and Monetary Affairs Committee has voted on stricter new requirements for banks dealing with crypto and digital assets. • This measure was taken to limit the number of unbacked loans with Bitcoin (BTC) and Ethereum (ETH) that lenders could hold in front of the European Commission. • The legislation will […]
• Litecoin has surpassed Ethereum in total addresses, a metric that measures the total number of unique addresses of a cryptocurrency that have been involved in at least one transaction. • This could be a sign of new investors adopting the crypto, and LTC has observed some sharp growth in new addresses on the network […]
• The mining hashrate of Litecoin has hit a new all-time high, indicating that miners are finding the blockchain attractive to mine on. • The mining hashrate is an indicator that measures the total amount of computing power that miners have connected to the Litecoin network. • When the value of this metric rises, it […]
• ConsenSys, a New York City-based crypto software firm and parent company of MetaMask, is laying off 11% of its employees. • The crypto market lost about $2 trillion in value in 2022 due to rising interest rates and economic jitters. • CEO Joseph Lubin cites “uncertain market conditions” as the cause for the terminations. […]