The year 2022 posed numerous challenges for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem, internal tensions among co-founders, and a dip in token price all raised concerns about the future prospects of IBC. Despite these setbacks, projects like dYdX and the Seda protocol remain committed to the
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Stellar Lumens (XLM) has experienced an impressive performance in July, with a remarkable Month-on-Month gain of +60%. This substantial increase has brought relief to long-standing holders who have endured over a year of significant downside moves. The recovery rally has propelled the price of XLM from a rock-bottom $0.075 on June 15 to an impressive
Crazy Crypto Football has made its mark on the gaming industry with its cutting-edge blend of NFT collectibles and football. This online game introduces a revolutionary concept where players can take control of virtual football players represented as unique NFTs. By combining the excitement of the sport with the thrill of true ownership in the
Cryptocurrency exchange Binance and its CEO Changpeng ‘CZ’ Zhao have filed a motion to dismiss the charges brought against them by the U.S. Commodity Futures Trading Commission (CFTC), stating that the regulator acted beyond its powers. Binance argued that the CFTC failed to establish personal jurisdiction over the foreign Binance Entities and Mr. Zhao since
The cryptocurrency sector continues to raise concerns for the U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler. In an interview with BBTV, Gensler emphasized the prevalent fraud and lack of investor protection in the crypto market. While acknowledging the presence of reputable actors, he expressed worries about the speculative nature of the industry and
The House Financial Services Committee (HFSC) faced obstacles in reaching an agreement for stablecoin legislation on Thursday. The failure was primarily due to disagreements between Democrats and the existing text of the bill. Committee Chair Patrick McHenry (R-NC) blamed the White House for the delay, suggesting that the administration’s unwillingness to compromise had brought negotiations
The digital fashion brand MNTGE has once again shattered expectations with its groundbreaking release, the Patchwork collection. This limited edition series of 7,500 NFT patches on the Ethereum blockchain introduces a captivating blend of the physical and the digital. Each patch holds the remarkable ability to be transformed into a tangible version infused with NFC
After six months of trailing behind Arbitrum, the Optimism network has finally surpassed its competitor in transaction volume, according to recent data from blockchain analytics platform Artemis. Both networks, serving as layer 2 solutions for Ethereum, utilize optimistic rollup technology to streamline and consolidate transactions, potentially leading to reduced transaction fees. During season one of
In the world of cryptocurrency, the desire for price appreciation is a common hope among investors. This hope is often fueled by the “Castle in the Air Theory,” a concept derived from economist John Maynard Keynes. According to this theory, investors tend to focus on hypothetical scenarios for potential price increases rather than considering intrinsic
EOS Network Foundation (ENF) founder and CEO, Yves La Rose, has announced the organization’s intention to file a lawsuit against Block.one, the creator and original seller of EOS. This legal action comes in response to Block.one’s failure to deliver on its promise to invest $1 billion, following its impressive $4.1 billion raise in 2018. La
In today’s rapidly evolving world, businesses across various sectors are constantly seeking innovative solutions to enhance customer satisfaction and improve operational efficiency. This holds true even for the financial industry, as the rise of cryptocurrencies has fundamentally changed the way we conduct business transactions. While cryptocurrencies have traditionally been associated with consumer-focused sectors, the potential
The U.S. Accountability Office (GAO) has emphasized the urgency of addressing significant regulatory gaps in the crypto industry, particularly in relation to spot cryptocurrency markets and stablecoins. The GAO’s recent report titled “Blockchain in Finance” acknowledges the potential benefits of blockchain technology, such as faster and cheaper transactions. However, recent events, including the collapse of
In an unexpected turn of events, Twitter has undergone a sudden rebranding and is now known as X Corp. This surprising move has left many people bewildered, but it appears that Elon Musk has had a grand vision for the platform for quite some time. Let’s delve into what we know about Musk’s plans for
Luxury fashion brand Gucci has recently unveiled an exciting rewards program for individuals holding its Gucci Vault Material NFTs. The company aims to offer two highly sought-after physical items – a wallet or a bag – exclusively to lucky NFT holders. These unique items will not be available to Gucci’s regular customers, making them highly
In the recent episode of “The Market Report,” Marcel Pechman, an analyst and writer, delves into the Worldcoin token launch, highlighting its controversies and distinguishing features from other altcoins. Pechman advises potential investors to thoroughly comprehend the project before considering any investments. Examining the tokenomics of the Worldcoin token, which was launched on July 24,
Stuart Alderoty, Chief Legal Officer (CLO) of Ripple, recently spoke about the potential impact of a ruling on the securities status of the XRP token. This ruling, which favored Ripple in mid-July, could have significant implications for two ongoing cases initiated by the U.S. Securities and Exchange Commission (SEC) against Coinbase and Binance. Alderoty expressed
Ducati, the renowned motorcycle brand, has recently announced a significant shift towards the digital world by partnering with Web3 Pro, a leading corporate white-label NFT solution. This collaboration highlights Ducati’s commitment to enhancing fan experiences through digital innovations. By leveraging Ripple’s blockchain technology, specifically the XRP Ledger, Ducati aims to roll out various Web3 activities
Maker, a cryptocurrency, has experienced a remarkable surge of 53.5% over the past month, with a significant 28.1% increase between July 15 and July 22, resulting in its highest daily close in almost a year. However, the question arises: Can Maker maintain its current trajectory or were short-term factors responsible for the price pump? In
Bybit, in collaboration with Oracle Red Bull Racing and a group of talented digital artists, has introduced the Velocity Series. This innovative project combines art, racing, and technology to create distinctive digital collectibles inspired by the telemetry and racing data from the dominating RB19 car in Formula 1. The Velocity Series is the first-ever collaboration
Burn Kenny, a meme coin inspired by the popular TV show South Park, experienced a significant surge in its token price on its launch day, reaching an intraday high of $0.0002987. This resulted in presale buyers enjoying initial gains of 60%. Although the token’s price has since consolidated, it continues to attract bullish sentiment due
Disgraced FTX founder Sam Bankman-Fried (SBF) may be subjected to a gag order, preventing him from making any public statements concerning FTX and the individuals involved in the legal case, according to Reuters. Judge Lewis Kaplan is expected to decide whether this gag order is necessary during a hearing scheduled for July 26. SBF has
Stellar (XLM) has experienced a substantial increase in its price, rising by approximately 60% since the recent court ruling in favor of Ripple against the U.S. Securities and Exchange Commission (SEC) on July 13. Despite this growth, the token’s value remains around 20% lower than its previous peak of $0.195, currently trading at approximately $0.154
Wall Street Memes (WSM) is rapidly approaching the $17 million mark in its presale, as investors continue to pour funds into this promising meme coin. Despite launching less than eight weeks ago, the project has generated significant excitement and fear of missing out (FOMO) within the crypto community. With one of the largest and most
The United States Securities and Exchange Commission (SEC) is currently reviewing six spot Bitcoin exchange-traded fund (ETF) applications, which could potentially lead to their approval or rejection. This news has generated excitement in the crypto space, especially with the involvement of finance giants such as BlackRock and Fidelity Digital Assets. Formal Acknowledgment of Applications According
Renowned author Nassim Nicholas Taleb, known for his critical stance on cryptocurrencies, recently expressed his belief that the allure of digital assets is waning as young individuals divert their attention towards Artificial Intelligence (AI). In a series of tweets, Taleb argued that the crypto hype is “starting to peter out” due to the emerging fascination
PROOF, the team behind the popular Moonbirds PFP collection, is now launching a new generative series called Mythics. This project offers an exceptional minting experience that takes their dedicated community on an explorative journey into the Moonbirds universe. The Mythics project was revealed in August 2022, coinciding with a $50 million Series A funding round
When Arkham Intelligence’s cryptocurrency, $ARKM, made its debut on July 18 at a price of $0.75, it was met with enthusiasm and quickly reached a high of $1.05004. However, since then, $ARKM has faced challenges in sustaining its bullish momentum and is currently trading at $0.5962, reflecting a 7.5% decline today. Analyzing the hourly Exponential