Layer 2 scaling solutions have revolutionized the space with faster and cheaper transactions, as well as increased scalability and improved privacy and security. In a bid to increase its competitiveness against rival blockchain networks, a proposal has been submitted that aims to adopt a lower transaction fee cost on Binance Smart Chain (BSC). BSC Proposal...Read More
About a week ago, a settlement was reached between Celsius and Celsius Custody account holders. As a result, the latter group was promised a refund of up to 72.5% – half on the spot and half by the end of the year – provided they signed away their right to further litigation. Earn Users Hung...Read More
The United States banking sector is hesitant to do business with crypto firms following the closures of the nation’s most crypto-supportive financial institutions earlier this month. A collection of industry participants, bank executives, and investors are reporting various instances of banks making crypto partnerships more difficult, from forming lengthy application procedures for such companies to...Read More
Famous American investor Michael Burry, who predicted the 2008 financial crisis, has withdrawn his statement telling his Twitter followers to “sell.” His bullish reversal follows years of predictions that financial markets would continue to tap lower lows since peaking in 2021. Burry Flips Bullish? On Thursday, Burry reactivated his Twitter account – which he frequently...Read More
Founder and former CEO of bankrupt FTX exchange, Sam Bankman-Fried, will again plead not guilty to recent charges brought against him by US prosecutors, which include unlawful political donations and alleged bribery of Chinese officials. He is scheduled to stand trial for various criminal charges in October. Bankman-Fried to Plead Not Guilty to 13-Count Charges...Read More
In recent days, investor interest in accumulating meme coins has waned due to limited volatility and diminished social prominence. However, it appears that leading meme coins like Dogecoin and Shiba Inu may be poised for a strong resurgence as they prepare to bounce back from a dip. Consequently, investors are now contemplating if this is...Read More
The Supreme Court of Denmark ruled that people should be subject to taxation when generating profits by selling bitcoin. The legislation will apply to both investors and miners. The Court’s Decision Højesteret – the third and final instance in all civil and criminal cases in the Kingdom of Denmark – announced on March 30 that investors...Read More
Injective – a layer 1 blockchain – announced the first-ever Solana rollup launch for Cosmos. According to the official press release shared with CryptoPotato, the “Solana Sealevel Virtual Machine (SVM)” will be deployed within the Cosmos ecosystem with the help of roll-up provider Eclipse. By bringing the Solana development environment to the broader Cosmos ecosystem,...Read More
Leading crypto exchange, OKX. outlined plans to return frozen digital assets linked to Sam Bankman-Fried’s crypto companies, FTX and Alameda Research, following a recent motion filed in the FTX bankruptcy proceedings. The Seychelles-based exchange said it opened an investigation into FTX to determine whether the firm had conducted business on OKX before its demise in...Read More
One of Terraform Labs’ co-founders – Shin Hyun-seong (better known as Daniel Shin) – reportedly appeared in a South Korean court to be interrogated regarding his potential role in the collapse of the project’s native token – LUNA – and its algorithmic stablecoin – UST – last spring. The crash prompted investor losses worth approximately...Read More
In the rapidly evolving crypto landscape, don’t miss out on the gains of Helium (HNT) and TRON (TRX) as Collateral Network (COLT) revolutionizes the loan industry with its decentralized crowdlending platform. Minting NFTs backed by physical assets and offering fractional lending, Collateral Network (COLT) provides liquidity to previously illiquid assets and streamlines loan processes for...Read More
The US Securities and Exchange Commission (SEC) alleged that crypto trading platform Beaxy and its executives ran an unregistered securities exchange, broker, and clearing agency. The platform ceased operations a day before the SEC lawsuit. Beaxy Fouder Misappropriated Nearly $1M in Investor Funds In a press release on Wednesday (March 29, 2023), the SEC stated...Read More
SEC chair Gary Gensler pulled no punches against crypto in a testimony to the House Financial Services Subcommittee on March 29. The meeting addressed the agency’s fiscal year 2024 budget request, and Gensler acknowledged the high pace of technological change. However, he was quick to attack the digital asset sector yet again with this sweeping...Read More
