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
Cryptocurrency has long been the subject of debate and controversy, with concerns over its potential involvement in illicit activities such as terrorism financing. Recent events, such as the actions of Palestine’s Hamas group in Israel, have brought these concerns to the forefront once again. While some argue that cryptocurrency facilitates illegal transactions, others believe that
Renowned Bitcoin advocate Jimmy Song has been an integral part of the BTC ecosystem for over a decade. From his role as a developer and network supporter to authoring multiple books on Bitcoin, Song has tirelessly worked to educate the masses about the advantages of the cryptocurrency. During an interview at the Bitcoin Conference 2023
Leading decentralized exchange (DEX) Uniswap has experienced a significant drop of 6% in response to the implementation of a new fee. The fee, set at 0.15% on crypto swaps involving Ethereum, USDC, and other cryptocurrencies, has caused disappointment among market participants. Uniswap Labs, the company behind Uniswap, introduced the fee as part of its efforts
The Council of the European Union (EU) has recently taken a significant step in enhancing cooperation amongst national taxation authorities in relation to crypto-assets transactions. This move signifies a proactive approach by the EU towards the rapidly digitalizing economy. Through the adoption of a directive, the EU aims to fortify the existing legislative framework and
In recent months, the Ethereum liquid staking derivatives finance (LSDFi) ecosystem has experienced an exponential surge in growth. This article explores the remarkable achievements and potential of LSDFi protocols, as more Ether (ETH) holders choose to stake rather than liquidate their assets. According to a recent report by CoinGecko, the LSDFi sector has grown by
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 ApeCoin DAO has recently announced its partnership with Forj, an NFT platform under the umbrella of Animoca Brands. This collaboration aims to introduce an NFT accelerator program that will focus on enhancing the functionality and value of the ApeCoin. By leveraging the expertise and support of the ApeCoin community, the Ape Accelerator program seeks
The Fantom Foundation, a non-profit organization dedicated to supporting the growth and development of the Fantom ecosystem, has recently suffered substantial financial losses due to a phishing attack. According to reports from CertiK, a blockchain security firm, two Fantom Foundation wallets on Ethereum and the Fantom Network were compromised, resulting in a loss of over
In a market filled with turbulence and uncertainty, investors are on the lookout for a meme coin that can serve as a guiding light towards financial freedom. Enter Doge Uprising ($DUP), a unique project that stands as a beacon of defiance against a dystopian future dominated by “Lizard men” wielding control over the average person.
The European Securities and Markets Authority (ESMA), the securities watchdog of the European Union (EU), recently issued a warning that investors will have to wait until at least the end of 2024 to receive protection under the EU’s crypto asset market rules. In a statement released on Tuesday, the ESMA advised investors to prepare themselves
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
The cryptocurrency market is known for its volatility and susceptibility to external factors. False reports and rumors can have a significant impact on the market, often resulting in sharp price movements. Recently, the market experienced a surge followed by a steep decline due to false reports about the US Securities and Exchange Commission (SEC) approving
Cryptocurrency enthusiasts have been closely monitoring the recent transactions of Ethereum co-founder Vitalik Buterin. In his most recent move, he transferred a staggering $14.9 million worth of USD Coin (USDC) to the renowned cryptocurrency exchange, Gemini. This significant transfer has raised eyebrows and sparked speculation about Buterin’s motives. In this article, we delve into the
Bitcoin price experienced a sudden surge, crossing the $30,000 mark briefly, following the circulation of fake news regarding the approval of a spot ETF. The price has since retreated but is consolidating above the $28,200 level. This article analyzes the current state of Bitcoin and its potential for further growth. Bitcoin has managed to hold
Animoca Brands and Ember have joined forces to bring us their latest Web3 game, “Formula E: High Voltage”, which is set to be released on October 19. This innovative electric car racing game not only offers players an immersive racing experience but also showcases its commitment to sustainability by operating on the energy-efficient Flow blockchain.
The anticipation and discussion surrounding spot Bitcoin ETFs continue to dominate the cryptocurrency market. One prominent participant in this conversation is ARK Invest, headed by Cathie Wood. In a recent interview with CNBC, Wood shed some light on the status of ARK Invest’s Bitcoin ETF application and provided insights into the evolving stance of the
Manta, a layer-2 blockchain network focusing on zero-knowledge (ZK) applications, has recently made a significant decision to migrate its software from OP Stack to Polygon CDK. This news comes as a surprise, considering Manta’s initial plans to be integrated into the upcoming Optimism Superchain. However, by joining the Polygon ecosystem, Manta is set to embark
In recent weeks, there has been a surge in explosive DEX-launched tokens, with many experiencing pump-and-dump moon-shots. One such token is Refund (REFUND), which has seen an astonishing +1,000% increase. This surge in price can be attributed to the growing interest in so-called ‘reflection tokens’ that aim to reward holders with a share of transaction
Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in its price, reaching a staggering $28,004. This significant increase can be attributed to several key factors that have influenced the market dynamics in recent days. In this article, we will delve into the primary reasons behind Bitcoin’s price movement, exploring the impact of regulatory
Ripple, a blockchain enterprise, has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) for almost four years. The lawsuit centers on allegations that Ripple sold billions of its native token XRP without properly registering it as a security. This dispute has become a hot topic in the cryptocurrency space,
Gaming giant Sega is taking a bold and innovative step into the world of blockchain technology. Recognizing the potential impact of this emerging technology on the gaming industry, Sega is co-developing a trading card NFT game based on its popular franchise, Sangokushi Taisen. This move comes as part of a wider trend of established gaming
The Australian federal government is taking steps to regulate the crypto industry by introducing new regulations that require cryptocurrency exchanges to obtain a financial services license. The government aims to protect consumers and improve the overall security and transparency of the sector. These regulations will be unveiled by Assistant Treasurer Stephen Jones during the Australian
In a surprising turn of events, California Governor Gavin Newsom has approved a new cryptocurrency regulation bill that will come into effect in July 2025. This legislation, known as the Digital Financial Assets Law, aims to establish a stricter regulatory framework for crypto businesses operating in California. The decision marks a significant shift in Newsom’s
Ethereum has been in a descending channel against Bitcoin since August of last year, indicating that Bitcoin has been the superior investment during this period. However, historical trends suggest that this situation may change soon, with Ethereum potentially entering an accumulation phase. Currently, Ethereum is trading at $1600, representing a 22% decrease from its price
The remittance sector in the Philippines is set to undergo a major transformation as stablecoin issuer Circle joins forces with digital asset provider Coins.ph in a strategic partnership. This collaboration aims to revolutionize the existing remittance landscape by promoting the use of USDC-denominated remittances, making international money transfers safe, affordable, and nearly instantaneous for Coins.ph’s
The Moscow Stock Exchange is making significant strides towards innovation in the financial industry. According to Sergei Kharinov, the director of digital assets at the exchange, they are preparing to introduce a new financial product called a digital financial asset (DFA) for real estate assets by 2024. This move aims to democratize real estate investments