Crypto exchange Binance has announced the successful integration of the Bitcoin Lightning Network (LN) for its deposits and withdrawals activities. The LN is a payment protocol built on Bitcoin that aims to address scalability issues and improve user experience. Binance Joins Leading Exchanges Binance now joins the ranks of Bitfinex, Kraken, and OKX as one
In a significant development for the Web3 decentralized domain space, Unstoppable Domains has announced its support for .eth domain names from the Ethereum Name Service (ENS). This collaboration brings together two of the most prominent platforms in the industry, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Unstoppable Domains and ENS have
Brad Garlinghouse, the CEO of Ripple, has accused the U.S. Securities and Exchange Commission (SEC) of prioritizing “politics and power” over the creation of “sound policy.” In a recent interview with Bloomberg, Garlinghouse reiterated his criticisms against the regulatory watchdog, claiming that instead of providing clear rules for the cryptocurrency industry, the SEC has been
Authorities in the United States have apprehended Brandon Austin and his father, Eugene “Hugh” Austin, on charges of operating a significant cryptocurrency fraud, with allegations of embezzling more than $10 million from investors. Brandon, who has already pleaded guilty, is awaiting his sentencing on September 6. The recent reports suggest that federal agents detained 27-year-old
Wall Street Memes, a prominent retail investing community that emerged in 2021, has reached a significant milestone in its token presale. With a massive following of 1 million supporters across various social media channels, Wall Street Memes has become a powerful force in the world of online investing. The community’s strength has led many analysts
Binance, the world’s largest cryptocurrency exchange, is reportedly set to lay off thousands of employees as it faces a legal dispute with US regulators. The company’s CEO, Changpeng Zhao, acknowledged the layoffs but disputed the reported numbers of terminated staff members. According to the Wall Street Journal, Binance has already dismissed over 1,000 employees in
CLabs, the organization responsible for the development of the Celo blockchain, is looking to reintegrate with the Ethereum ecosystem. They are planning to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This proposal, discussed on Celo’s governance forum, suggests leveraging OP Stack as the architecture for the transition. By doing so, CLabs
Blockchain technology has seen impressive growth in recent years as businesses strive for digital transformation. According to a report by market research platform MarketsandMarkets, the global blockchain market is estimated to be worth $7.4 billion in 2022, with projected revenue of $94 billion by the end of 2027. This represents a compound annual growth rate
US prosecutors have filed charges against Soufiance Oulahya, a Moroccan citizen currently in custody, for allegedly stealing cryptocurrencies and non-fungible tokens (NFTs) with a total value of $450,000 from a victim in Manhattan. Oulahya is accused of creating a fake OpenSea marketplace in 2021 to carry out the theft. Indictment Details According to the United
Multichain, a cross-chain router protocol that recently fell victim to hacking, has made the difficult decision to cease its operations. The company cited a dire lack of operational funds as the primary reason behind this unfortunate development. Furthermore, the whereabouts of Multichain’s CEO, Zhaojun, have become a cause for concern, as he is currently in
Renowned author and entrepreneur Robert Kiyosaki has expressed his continued support for bitcoin, gold, and silver as he warns of the consequences of the US government’s policies. In a recent tweet, Kiyosaki praised these three assets while highlighting the fact that the wealthy will continue to accumulate wealth. The US stock market indexes have seen
Ray Salmond, the show host and Cointelegraph head of markets, recently had a conversation with KryptosChain, a Polkadot ambassador and content creator, on the latest episode of Market Talks. The discussion revolved around the current state of the crypto market and the significant transformations happening in the Polkadot ecosystem. According to KryptosChain, there are signs
Republican Presidential candidate Ron DeSantis has declared that if he becomes president, he will immediately put an end to the development of central bank digital currency (CBDC). In an interview with Blaze Media, DeSantis stated that a CBDC poses a significant threat to American liberty and that it will have no place in the country
Attorneys representing Sam Bankman-Fried (SBF) have requested Judge Lewis Kaplan to issue an order allowing certain individuals to visit their client without the need for security checks. Although SBF is permitted to stay at his parents’ house, he is subject to strict restrictions that include wearing an electronic monitoring bracelet and having a security guard
The team behind Base, an Ethereum Layer 2 chain developed in collaboration with Optimism, has announced that its mainnet is now available for builders to deploy their products. To commemorate the early adopters of the ecosystem, Base will release a special NFT called the “Genesis Builder”. However, the team has clarified that it has no
Cardano (ADA) recently experienced an impressive price surge of 23.9% on July 13, leaving investors intrigued about its potential for further gains. This significant rally was fueled by a favorable judicial decision regarding XRP (XRP), which raised questions about whether Cardano has what it takes to break above the $0.40 mark. Despite this positive development,
Geist Finance, a lending protocol operating on the Fantom network, has announced its permanent closure following substantial losses resulting from the Multichain exploit. The app’s development team made this announcement via a social media post on July 14. Geist contracts were initially paused on July 6 and then resumed on July 9, but only in
In a recent announcement on July 14, Kain Warwick, the founder of Infinex, unveiled a groundbreaking frontend called Infinex. This innovative platform aims to compete with centralized exchanges by serving as a frontend to the derivatives liquidity protocol, Synthetix. Infinex is specifically designed to address three major obstacles: user migration to Optimism, acquisition of the
The recent federal court ruling affirming that XRP sales on crypto exchanges comply with U.S. securities laws has caused a dramatic surge in the price of XRP (XRP). Despite a slight retreat of about 10% to $0.76 on July 14, the price of XRP remains up around 65% compared to its previous day’s lowest price.
London, United Kingdom, July 14th, 2023 – Shiba Memu, a revolutionary dog-themed memecoin, has experienced an overwhelming response during its presale, generating nearly $800,000 in just nine days. With a current purchase value of $798,000 worth of SHMU tokens, Shiba Memu is set to make a significant impact upon its official exchange launch. The core
Polygon (MATIC) has seen a substantial surge in its price on July 13, driven by several significant factors. These factors include a recent court ruling in favor of XRP, increasing activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0. Within just 12 hours, MATIC experienced an impressive
Bitcoin’s dominance in the cryptocurrency market has experienced a significant decline as a result of Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC). This decline was accompanied by a surge in altcoin prices, temporarily pushing Bitcoin dominance below the 50% mark. According to Tradingview, Bitcoin dominance fell to 49.76% during
Bybit, a leading cryptocurrency exchange, has officially announced the commencement of registration for the highly anticipated ‘2023 World Series of Trading (WSOT).’ With a prize pool of up to $8 million worth of USDT, this event promises to be the most thrilling edition yet. Traders will also have the chance to win luxurious prizes, including
Unstoppable Domains, a prominent platform specializing in user-owned digital identity, has recently introduced the Unstoppable Marketplace. This marketplace, powered by the dApp Store Kit developed by Polygon Labs, offers a wide range of applications integrated with Unstoppable. By doing so, it presents users with exciting opportunities to engage with the thriving Web3 community. An Impressive
XRP (XRP) price experienced a significant surge after Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. The ruling sparked a surge of over 75% in XRP price, reaching a one-year high of $0.93. Market participants
Coinbase, a leading cryptocurrency exchange, has announced the launch of a new feature for its self-custody wallet product called Coinbase Wallet. This feature allows users to engage in end-to-end encrypted messaging directly through their wallet. The primary objective is to provide users with full control and ownership over their identity and conversations, while also minimizing
The price of Conflux (CFX) has experienced a recent bullish surge, but it appears to be stalling as it encounters resistance from its 20-day exponential moving average (EMA). On July 12, CFX rose by 11.22% to retest the 20-day EMA and the Fib 0.236 level at $0.2096. However, in today’s trading session, the CFX price