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Gold maintains its safe-haven status, while comparison with Bitcoin and stablecoins persists.   Gold has been a proven protective hedge against inflation for years. Now in the persisting aftermath of Terra’s collapse and continued geopolitical tensions, some crypto investors might be turning to gold-pegged tokens to weather the crypto winter.  Stablecoins’ Struggles Spotlight Gold Stablecoins were created in response to crypto’s volatility. They are a hybrid between the volatility of cryptocurrencies and the stability of fiats or commodities. This means…

Much of the crypto community was appreciative of the crypto regulation bill that senators Cynthia Lummis and Kirsten Gillibrand tabled last week. However, a particular subset – especially diehard Bitcoiners – aren’t entirely happy with how it treats Bitcoin or altcoins. Mike Cargile Political candidate Mike Cargile believes the bill vastly understated the inherent potential of Bitcoin. By forcing it to be under the government of either the SEC or CFTC, he thinks it limits Bitcoin’s potential as a “currency.”…

The European Union (EU) is inching closer to reaching an agreement on the Markets in Crypto-Assets (MiCA) crypto legislative package. A Bloomberg report unveiled this news today, citing sources conversant with this development. The sources requested to remain anonymous, seeing as the information is confidential. According to the report, France - which currently Chairs the EU and European Parliament - is optimistic about addressing issues holding up MiCA within a month. Negotiators will meet on June 14 and June 30,…

Yet another central bank is coming after Bitcoin – this time for its oft-criticized proof of work (POW) consensus mechanism. It  recently suggested that POW mining consumes too much energy, and ought to be banned in favor of “less energy-intensive methods.” As the central bank tweeted on Friday, energy consumption has increased sharply in recent years – especially for Bitcoin. According to estimates from Cambridge University, the network currently consumes around 128 TWh of electricity per year. That’s more than…

In a Twitter post, layer-2 blockchain protocol Optimism shared that the hacker who exploited a transfer error has refunded most of the stolen OP tokens as promised. This comes two days after the attack and less than a day since the attacker awarded 1 million coins to Ethereum co-founder Vitalik Buterin. Hacker Withholds 2 Million OP Tokens The hacker returned only 17M tokens, worth roughly $15 million; this falls 3M short of the stolen 20 million. According to information on…

In a recent press release, leading payments network Mastercard disclosed plans to bring its services into the NFT industry. The company is joining forces with a string of NFT marketplaces to introduce “simple and secure” NFT commerce.  Buying NFTs Without Getting Crypto Mastercard's new partners include The Sandbox, Mintable, Nifty Gateway, Candy Digital, and other platforms. Together, they will provide Mastercard holders with the option to acquire non-fungible tokens using their credit or debit cards. Prospective buyers from Mastercard's 2.9B…

The Court of Appeals for the Second Circuit has settled on a ruling regarding the subpoena Terraform Labs (TFL) received last year. The court found the serving legitimate, and TFL and Do-Kwon are now obligated to cooperate as the SEC probes into the company. Do Kwon’s Appeal and Rejection The US Securities and Exchange Commission slammed Terra with a subpoena during the Messari Mainnet Conference in September last year. Do Kwon initially attempted to evade compliance, even denying entirely that…

A new Deloitte study suggests American businesses are interested in crypto now more than ever.   Within the past couple of years, the crypto space has evolved remarkably. The structures supporting its operation have become more advanced, drawing the attention of business owners in traditional finance. Consumers Hold Significant Interest in Crypto Payments On June 8, accounting giant Deloitte released a survey called “Merchants getting ready for crypto”.  The survey functioned as a research vehicle to reveal the general sentiment…

1inch – the leading decentralized exchange (DEX) aggregator platform – has announced an integration with the defi derivative platform Opium. The integration will allow 1inch users to access Opium’s derivatives pools directly from within the 1inch app. In a press release shared by 1inch, the company stated that all derivative pool transactions will be conducted through Opium’s smart contract. Opium facilitates the trading, creation, and settlement of decentralized derivatives. It’s based on open-source smart contracts within the Ethereum network. The…