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There are signs of further turbulence ahead. The absence of a BTC futures premium, $470 million in liquidations and excessive stablecoin lending all point toward new yearly lows.

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”

Some users took to Twitter to bemoan what some are calling a continuing attack on privacy in the wake of the U.S. Treasury Dept.’s action against Tornado Cash.

The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.

Crypto Unicorns founder Aron Beireschmitt chats with NFT Steez about the key components blockchain-games need to build sustainable in-game play-and-earn economies.

Majority of the DeFi tokens traded in red with several registering double digit losses over the past week.

Bitcoin and altcoins sold-off sharply on Aug. 19, leading technical traders to forecast a possible drop to new yearly lows.

Venture capital firms continue to pour billions into the crypto economy; this week saw the launch of two funds worth a combined $500 million.

An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities.

Nonfungible tokens continue to captivate mainstream audiences around the world as Web3 technology grows at a rapid pace.