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Crypto News BlockMagnates

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News, testimonials & views on the adoption of Blockchain & Cryptocurrency

As the Blockchain & Web3 Industry grows, more and more people are getting involved by building, criticizing, participating, learning, teaching, and experimenting with this…
Crypto News BlockMagnates

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Republican Congressman Allegedly Entangled in a Crypto Pump-and-Dump Scheme

North Carolina Republican Congressman, Madison Cawthorn, is accused of participating in a crypto pump-and-dump scheme and insider trading….
Crypto News BlockMagnates

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The City Government of Fort Worth in Texas is the First to Deploy Bitcoin Mining Rigs

Forth Worth in Texas is the first city government in the U.S. to officially mine Bitcoin, endorsing the world’s most valuable cryptocurrency….
Crypto News BlockMagnates

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Fidelity Investments Rolls out a Bitcoin 401 (k) Plan, Taps MicroStrategy as the First Client

Fidelity Investments has released a Bitcoin 401(k) plan, tapping the largest BTC holder, MicroStrategy, as the first plan sponsor….
nft blockmagnates

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How Bored Ape Yacht Club (BAYC) Hackers Made Away with $13 Million of NFTs in a Phishing Attack

Hackers have stolen Bored Ape Yacht Club (BAYC) NFTs worth $13 million and millions of ERC-20 tokens in a phishing attack on April 25….
Crypto News BlockMagnates

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Simplifying the Metamask-iCloud Backups Phishing Attack

MetaMask, a popular crypto wallet app, is being targeted due to a design flaw on iOS. A phishing scam that involves a call that…
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Vitalik Admits Influence in Ethereum Waning

Vitalik Buterin role in Ethereum has been rapidly decreasing pointing to increasing level of decentralization in the home of DeFi and NFTs….
Crypto News BlockMagnates

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A New York Bill to Outlaw DeFi Rug Pulls, Crypto Fraud, and Scams

If a new bill passes in the New York legislature, DeFi rug pulls, scams, and other investor-damaging fraudulent activities will be illegal and pursued…
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Understanding The Ronin attack: Biggest hack in the DeFi to date

Major hacks and security breaches are becoming frequent in the DeFi industry. For example, in what was dubbed the greatest crypto hack in history,…

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Apecoin Crashes 97% Below All-Time High

Apecoin has now crashed 97% below its all time high. The impact has also been felt in the Ape NFTs which now have seen…
Aave DAO Stablecoin

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Aave Protocol to Create a Stablecoin, GHO

Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO….
Bitcoin FED

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Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation

Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation….
Kraken Exchange

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Kraken Reportedly Violated U.S. Sanctions on Iran

Kraken will likely get a fine from the U.S. Treasury Department for reportedly permitting Iranians to trade assets using its platform….
SEC Coinbase

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The SEC Investigating Coinbase for Listing Securities

Coinbase is reportedly being investigated by the U.S. SEC for listing digital assets the regular claim to be securities….
Bitcoin BTC

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Analyst: Bitcoin Has a Solid Base to Move Forward

Bitcoin has a solid base to advance after sharp price dips according to Mohamed El-Erian, a revered financial market analyst,….
Stablecoin issuer

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U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries

Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law….
Ethereum Scaling Polygon

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….
General crypto articles

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Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC

Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC….
General crypto articles

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Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates

A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates….
General crypto articles

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USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries

USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks….
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Celsius Network Files for Bankruptcy, has $167 Million in Cash

Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals….

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Apecoin Crashes 97% Below All-Time High

Apecoin has now crashed 97% below its all time high. The impact has also been felt in the Ape NFTs which now have seen…
Aave DAO Stablecoin

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Aave Protocol to Create a Stablecoin, GHO

Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO….
Bitcoin FED

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Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation

Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation….
Kraken Exchange

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Kraken Reportedly Violated U.S. Sanctions on Iran

Kraken will likely get a fine from the U.S. Treasury Department for reportedly permitting Iranians to trade assets using its platform….
SEC Coinbase

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The SEC Investigating Coinbase for Listing Securities

Coinbase is reportedly being investigated by the U.S. SEC for listing digital assets the regular claim to be securities….
Bitcoin BTC

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Analyst: Bitcoin Has a Solid Base to Move Forward

Bitcoin has a solid base to advance after sharp price dips according to Mohamed El-Erian, a revered financial market analyst,….
Stablecoin issuer

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U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries

Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law….
Ethereum Scaling Polygon

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….
General crypto articles

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Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC

Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC….
General crypto articles

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Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates

A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates….
General crypto articles

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USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries

USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks….
defi general image

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Celsius Network Files for Bankruptcy, has $167 Million in Cash

Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals….

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© 2022 Block Magnates, Inc. All rights reserved.

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