Altcoins

Ava Labs, the team responsible for the development of the Avalanche Blockchain, recently announced a significant downsizing of its workforce, resulting in a 12% layoff of employees. The company’s CEO, Emin Gün Sirer, confirmed the news, stating that the decision was made to reallocate resources and focus on the growth of the firm and the

Solana (SOL) saw a significant surge in value from October 30th to November 2nd, with a notable increase of 36.6%. However, the token failed to breach the $44.50 mark, resulting in a 10% correction down to $40 on November 6th. This price movement has left many investors questioning whether the growth of the Solana ecosystem

In a shocking turn of events, Monero’s community crowdfunding wallet has fallen victim to a devastating cyber attack, resulting in the loss of its entire balance of 2,675.73 Monero (XMR). The incident occurred on September 1, 2023, but it was only disclosed to the public on November 2 by Luigi, one of Monero’s developers. Despite

The United States Securities and Exchange Commission (SEC) has taken a firm stance in the Terraform Labs case, refuting the jury’s conclusion and demanding a summary judgment on all the claims. The SEC’s response highlights its discontent with the leniency shown towards Do Kwon, one of the co-founders of Terraform Labs, in regard to his

Former BitMEX CEO, Arthur Hayes, recently disclosed his purchase of Solana’s SOL (SOL) at what could potentially be its local peak. Despite the cryptocurrency already experiencing a 500% rebound from its market bottom in December 2022, Hayes remains bullish on its future prospects. His decision to invest in SOL came on the heels of VanEck’s

Despite Ether’s price declining by 14.7% since its peak in April, two derivatives metrics suggest that investors in the cryptocurrency market have not felt this bullish in over a year. This phenomenon calls for an investigation into the possible reasons behind this surge in enthusiasm. One potential explanation could be the recent breakthrough of Bitcoin

In a recent incident, Unibot, a popular Telegram bot utilized for trading on the decentralized exchange Uniswap, fell victim to a hack that resulted in the loss of approximately $560,000 worth of various memecoins belonging to users. The exploit, which went undetected initially, was traced back to a newly deployed contract by Unibot, and was

The recent surge of Bitcoin (BTC) to a staggering $35,000 has not only captivated the attention of cryptocurrency enthusiasts but also propelled several memecoins to impressive gains. Among these memecoins, Floki (FLOKI) stands out, surpassing its competitors in terms of percentage increases. With a surge of over 140% to reach $0.00004261, the highest it has

The tech industry was dealt a heavy blow as more than $280 billion was wiped off the combined market cap of the top seven blue-chip tech firms, known as the “magnificent seven.” These tech giants, including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, collectively account for a quarter of the S&P 500 index’s value.

In its final bid to dismiss a lawsuit by the United States Securities and Exchange Commission (SEC), Coinbase has argued that the SEC overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities. Coinbase, in an Oct. 24 filing in a New York District Court, criticized the SEC for its overly broad definition of what

In a positive turn of events for the crypto market, major cryptocurrency exchanges have witnessed a net outflow of funds on October 24th. This trend coincides with Bitcoin breaking through the $35,000 mark, a significant milestone that hasn’t been reached in over a year. The movement of assets away from centralized platforms toward individual wallets

Bitcoin’s price soared to new three-month highs on October 23, marking the first weekly close above $30,000 since the summer. As the week’s first Asia trading session commenced, BTC gained significant momentum, reaching $30,944 on Bitstamp. This surge propelled the cryptocurrency to challenge levels closer to key long-term resistance, including the 2023 high of $31,800.

Uniswap founder Hayden Adams recently made headlines by burning a staggering 99% of the HayCoin (HAY) supply. In an announcement on X (formerly Twitter), Adams expressed concerns about price speculation and the memecoin-like behavior surrounding the token. This move has not only removed a significant portion of the tokens from circulation but also sparked discussions

Ripple, the popular blockchain platform, recently achieved a significant legal victory in its ongoing battle with the United States Securities and Exchange Commission (SEC). The SEC announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen on October 19, 2021. This development marked a major win for Ripple

Sui’s native SUI token has faced significant challenges in recent days, as it struggled to regain ground after experiencing a steep decline. Amidst allegations from South Korean regulators, the Sui Foundation, the organization behind the SUI token and the layer-1 blockchain Sui, has been accused of manipulating the token’s supply for its own gain. The

In a recent announcement made on the r/CryptoCurrency subreddit, Reddit has revealed plans to close its blockchain-based rewards service, “Community Points.” The platform cited scalability concerns as the primary reason for shutting down the service. Although Reddit acknowledged potential future opportunities for Community Points, they concluded that scaling it across the entire platform would not

The team behind the popular stablecoin TrueUSD (TUSD) recently made a concerning announcement regarding a potential data leak. TrueCoin, the previous operator of TUSD, revealed that one of its third-party vendors had been compromised, leading to a possible exposure of Know Your Customer (KYC) and transaction history data. This incident raises serious concerns about the

In a shocking revelation, Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, testified on October 11th that disgraced FTX founder Sam Bankman-Fried paid a staggering $150 million in bribes to Chinese government officials in 2021. This amount far exceeded the initial disclosure of $40 million. Ellison further disclosed that two years prior, Chinese law

The Ethereum staking protocol, Lido Finance, recently encountered a major setback involving 20 slashing events. These incidents were caused by various infrastructure and signer configuration issues from validators operated by Launchnodes. The slashing events occurred on October 11th, resulting in substantial financial losses and penalties for Lido Finance. In this article, we will delve into

Since September, Chainlink (LINK) has shown considerable price gains, outperforming major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Being the leading decentralized blockchain oracle solution, Chainlink currently holds the 15th position in terms of market capitalization, excluding stablecoins. However, despite its recent success, there are concerns about the project’s future and the possibility of

Polygon’s native token (MATIC) has recently experienced significant challenges. Despite a 16.4% rally coinciding with the launch of Polygon 2.0 Goreli testnet, the resistance at $0.60 proved stronger than anticipated, resulting in a 10.6% decline. This decline was worsened by negative news regarding the departure of a key co-founder and weak activity in Polygon’s zero-knowledge

The nonfungible token (NFT) platform OpenSea has recently found itself at the center of controversy following accusations made on social media. An anonymous account known as NFT Ethics tagged OpenSea in a thread on X (formerly Twitter), asking for a response to allegations regarding the company’s former head of ventures, Kevin Pawlak. The accusations claim

The price of Solana’s SOL (SOL) experienced a significant surge of 20% between September 28 and October 6. This extraordinary rally begs the question: is Solana merely following the footsteps of Bitcoin (BTC), or are there other underlying factors driving its upward trajectory? Before this price breakout, SOL encountered a turbulent period after a U.S.

The decentralized social media application Stars Arena has recently caused a significant increase in activity on Avalanche’s C-Chain network. This surge in network activity has also led to a rise in the price of Avalanche’s native AVAX token. Over the past 24 hours, the AVAX token has gained more than 8% in value. Stars Arena,

The Open Network (TON), an innovative decentralized blockchain platform initially designed by Telegram, has recently secured significant funding from MEXC Ventures, the venture arm of the cryptocurrency exchange MEXC. This investment marks a major milestone for TON and demonstrates the growing interest and support for the platform in the cryptocurrency community. MEXC Ventures, a subsidiary

Cryptocurrency assets have recently experienced changes in their inflows and outflows, as reported by the latest Digital Asset Fund Flows Weekly Report from CoinShares. In this report, Bitcoin emerged as the biggest gainer, while Ether faced outflows for the seventh consecutive week. Additionally, various factors, including positive price momentum and concerns about government debt prices,

In a recent case that has sent shockwaves through China’s IT and Web3 communities, an unnamed individual was fined a staggering 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of their remote work routine. The individual, who worked as a consultant between 2019 and 2022, used