Cardano, a blockchain network known for its commitment to decentralization, is on the brink of a major upgrade known as the Chang hard fork. This upgrade, originally slated for August 27, has been rescheduled to September 1 in order to allow crypto exchanges like Binance to prepare for the transition. The Chang hard fork marks
The recent announcement by OpenSea CEO, Devin Finzer, regarding the Wells Notice from the US Securities and Exchange Commission (SEC) has sent shockwaves through the NFT community. The SEC’s decision to classify NFTs on the platform as securities has raised concerns among creators and artists who fear the stifling of innovation and potential livelihood jeopardy.
Cardano, a popular cryptocurrency platform, experienced a significant decline in the second quarter of 2024, according to a report by data intelligence firm Messari. The native token of Cardano, ADA, saw a notable drop in various key performance indicators during this period, reflecting the broader downturn in the cryptocurrency market. ADA’s price plummeted by 39.7%
Blockchain technology has been making waves in the gaming industry, with Gameplay Galaxy emerging as a key player in this space. The recent news of their $11.17 million seed extension round has caught the attention of many, signaling a potential shift in investment strategies within the blockchain gaming sector. Unlike traditional equity rounds or ICOs,
Maker, a prominent DeFi lending protocol on Ethereum, recently underwent a rebranding to “Sky” alongside significant enhancements to its decentralized stablecoin system. This rebranding also extended to its stablecoin, previously known as DAI, now rebranded to USDS, and its governance token, which has changed to SKY. The conversion process involves exchanging 1 DAI for 1
France has long been seen as a favorable base for crypto businesses due to its clear regulations, skilled workforce, and innovation-friendly environment. However, the recent French elections have brought about uncertainties in the country’s position as a crypto hub. The surge in support for the New Popular Front (NFP) coalition, which has proposed significant changes
Meta’s recent decision to cancel the development of its next-generation mixed-reality headset has sparked discussions within the tech community. Was this move a strategic error that forfeits a chance to compete with Apple’s Vision Pro, or was it a necessary adjustment in a swiftly changing market? The answer seems to lie somewhere in between, as
The recent case involving the US Securities and Exchange Commission (SEC) and Abra has brought to light serious allegations against the crypto lending firm. Abra was accused of failing to register its crypto asset lending product, Abra Earn, which resulted in settled charges by the regulatory body. Stacy Bogert, Associate Director of the SEC’s Division
The US government recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea. Salame claims that his plea was based on false promises from prosecutors regarding their investigation into his partner, Michelle Bond. However, the US Attorney’s Office labeled Salame’s allegations as “demonstrably false” in a recent filing. They emphasized that
Sony Blockchain Solutions Labs, in partnership with Startale labs, has revealed plans for the creation of a groundbreaking blockchain platform called Soneium. The primary goal of Soneium is to bridge the gap between Web3 and Web2, making blockchain technology more accessible, scalable, efficient, and capable of solving real-world problems. Soneium is designed as a Layer
In recent times, Bitcoin ETFs have been experiencing a period of significant growth. The last trading week alone saw an impressive $500 million allocated to the largest US-based products. Despite a rough start at the beginning of the month, where over $550 million was lost in just three days, Bitcoin ETFs have managed to bounce
Recent metrics indicate that Ethereum (ETH) may have already hit its bottom, paving the way for a potential surge towards a new all-time high (ATH) beyond the current ATH of $4,800. The market value to realized value (MVRV) lowest pricing level for Ethereum is at $1,687, signaling that the crypto token may have bottomed out.
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer, admitting to executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023.
The recent statements from Federal Reserve Chairman, Jerome Powell, at the Jackson Hole, Wyoming meeting have sent signals to the market that interest rate cuts are on the horizon. The current benchmark rate in the US for overnight money market loans is ranging between 5.25% and 5.5%. Powell’s endorsement of rate cuts indicates a shift