The New York-based stablecoin issuer – Paxos – announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform, which was previously exclusive to Ethereum. Paxos said it plans to make USDP available to the public on Solana starting January 17, 2024. This move marks a significant milestone for Paxos in the competitive...Read More
The EthereumPoW (ETHW) announced its decision to dissolve the organization after in-depth discussions and based on a consensus among the majority, thereby fulfilling the commitments made during the initial fork. According to the official blog post, the entity said the decision aligns with its plans to transition to complete decentralization. EthereumPoW Embraces Autonomy The “unanimous”...Read More
The battle between Ethereum (ETH) and Cardano (ADA) continues as the two projects angle for long-term dominance in the smart contracts market. While Ethereum (ETH) already has a clear lead in this space, Cardano (ADA) is catching up in adoption. Despite the growing adoption of Ethereum (ETH) and Cardano (ADA), as investments, there are better...Read More
On the 30th of July, four Curve Finance pools were exploited due to a re-entrancy bug made possible by the Vyper programming language. The hackers attacked four mining pools and made off with a total of $73.5 million. Almost immediately, the community sprang into action – Curve itself extended the standard olive branch, offering to...Read More
The Central Bank of Nigeria (CBN) has lifted a ban preventing banks from operating accounts for cryptocurrency service providers in the country. According to a December 22 circular sent to banks, the affected financial institutions can now open accounts for Virtual Assets Service Providers (VASPs) registered with the Securities and Exchange Commission (SEC) in line with...Read More
With another eventful week in December ending, let’s delve into a comprehensive analysis of the recent market trends. This week has been a mixed bag, with altcoins showcasing remarkable resilience and strength while Bitcoin consolidates after the recent gains. The altcoin sector, led by tokens like Solana (SOL), has seen impressive growth, with some tokens...Read More
A U.S. circuit court in Washington D.C. has ordered the Securities and Exchange Commission to revisit its rejection of a Bitcoin ETF application by crypto hedge fund Grayscale. But that doesn’t mean the SEC won’t find new reasons to reject it or any of the dozen other applications. SEC Rejection or Delay Could Tank Bitcoin...Read More
Mikhail Klyukin, a Russian banker sanctioned by the White House in March 2022, sold more than £15m in shares of UK-based cryptocurrency firm Copper Technologies. The firm, chaired by former Chancellor Philip Hammond, appears to have played a significant role in the decision, raising questions about the transparency of cryptocurrency transactions and potential evasion of...Read More
This week began with a downturn in the market, but it has since shown significant recovery, with Bitcoin approaching the $44,000 mark. As a result, major altcoins are seeing a surge in investment, aiding them in surpassing key resistance levels. As the year draws to a close, the upcoming week could bring increased volatility, potentially...Read More
