Late last month, Coinbase – who had previously been hit with a Wells notice, an informal warning from the SEC usually followed by a lawsuit – asked the courts to force the agency to clearly explain what actions they should take in order to remain compliant. The SEC, on the other hand, remains tight-lipped. Amicable...Read More
It’s been a big week for Worldcoin, the blockchain brainchild of OpenAI CEO Sam Altman. The blockchain biometrics project is closing a $100 million funding deal. The investors in this round include new backers in addition to previous ones. Worldcoin’s $100 Million Seed Round Past seed round investors in Worldcoin include a16z (Andreessen Horowitz), Coinbase’s...Read More
As speculators flocked to mint BRC-20 tokens via text inscriptions, Bitcoin blockspace saw an explosion in demand in recent weeks. This dramatic shift in network activity triggered a surge in transaction fees to levels not seen in the last two years. Signs of Strain A new report published by Bitfinex observed that the inception of...Read More
Popular crypto analyst Nicholas Merten has made a prediction about the altcoin market. According to Merten’s recent DataDash update, he anticipates a significant decline in the altcoin market cap, primarily influenced by the plummeting value of memecoin Pepe (PEPE). Merten highlights that the current state of the altcoin market lacks any significant catalyst to attract...Read More
Crypto hardware wallet provider Ledger is receiving major backlash from its online user base after releasing a controversial update that many fear exposes major security flaws with the manufacturer. Ledger has claimed that the new functionality is both safe and entirely optional, but security experts and crypto holders are already distancing themselves from the company. ...Read More
Optimism, a popular layer-2 blockchain, is set to release its long-awaited Bedrock upgrade on June 6th at 16:00 UTC. The Bedrock release – which is a complete rewrite of an entire rollup stack – is expected to be the largest upgrade ever released on OP Mainnet with a focus on reducing fees and improving Ethereum...Read More
The dramatically popular debut of Pepe coin this year has put frog meme cryptos in the spotlight. While the new Ethereum ERC-20 token launched on April 15th, Pepe coin went parabolic starting May 1st, and that would soon blow out sales of Pepe (SOL) as well. The price madness was a bullish portent for Ethereum...Read More
[PRESS RELEASE – Please Read Disclaimer] In the ever-evolving world of Web3 and digital collectibles, the role of trust and transparency is paramount in ensuring a brand’s success and endurance. Enter Kush Kriminals, an ingenious union of the burgeoning cannabis industry and the digital collectibles domain, garnering the attention of the crypto community. Spearheaded by...Read More
Bankrupt crypto lender Blockfi has requested that a court authorize the sale of its lending business as it looks to generate funds to repay creditors. The move comes after futile attempts to sell the lending platform to a third party. BlockFi disclosed that it did not receive value-maximizing offers from potential buyers. BlockFi Looks to...Read More
Yachtify (YCHT), an innovative investment platform that has recently captured the attention of cryptocurrency enthusiasts, is shaking up the market and challenging established players like Cosmos (ATOM). With both platforms offering unique features and benefits to investors, the stage is set for an intense showdown. This article will delve into the key differences between Yachtify...Read More
[PRESS RELEASE – Toronto, Canada, May 16th, 2023] Conflux Network, the first regulatory-compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai. In a world first, the BSIM card is a mobile user identification...Read More
[PRESS RELEASE – Geneva, Switzerland, May 16th, 2023] The TRON DAO team, community representatives of the TRON blockchain platform, revealed the results for the fourth season of their popular HackaTRON competition. 500,000 USDD, a TRON-based decentralized, overcollateralized, multi-chain stablecoin, will be shared among the top projects. Judge-selected qualifiers will also be given application accessibility to...Read More
Market-leading liquid staking platform Lido has enabled staked ETH withdrawals. The move came as Lido launched the V2 upgrade live to mainnet on May 15. The upgrade is the largest yet for the protocol, and it has two major components: “Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This...Read More
The United States Department of Justice (DOJ) plans to direct crackdowns against rogue crypto trading platforms and such investment scams, a top official said. Recently, an FBI report revealed that American citizens lost $2.5 billion to crypto scams in 2022. DОJ to Target Rogue Exchanges Eun Young Choi, director of the National Cryptocurrency Enforcement Team...Read More
