Next Cryptocurrencies to Explode: Sonik Coin, Synthetix, Wall Street Memes, Baby Shiba Inu, and PondCoin

Cryptocurrency investors are faced with two alternatives: either to buy the dip or explore altcoins. With the downtrends biting hard into crypto asset gains, investors are looking for the next cryptocurrencies to explode. Surprisingly, the investment tides appear in favor of the memes sector as assets in the category have reverted to exponential growth in […]

Crypto Volumes Fall for Fifth Month in a Row, Stablecoins See Gains

The total adjusted on-chain volume for the leading two crypto assets, Bitcoin and Ethereum, decreased by 6.3% to $176 billion in August. Bitcoin volumes fell by 6.7% and Ethereum by 5.7%, marking the fifth month of declines since March. On-chain volumes are down 56% from the same month last year.Stablecoin adjusted on-chain volume increased by […]

US District Court Allows Class Action Lawsuit Against HelbizCoin Creators to Proceed

A class action lawsuit against the creators of HelbizCoin has been allowed to proceed by a United States District Court, as per a court ruling filed on Sept. 1. The lawsuit was first brought against Helbiz, its CEO Salvatore Palella, and its partners in 2020, with an amended complaint filed in March 2022. The case […]

Canaan’s Q2 Revenue Surges Despite Bitcoin Price Slump

Canaan, a Nasdaq-listed Bitcoin mining firm, reported a total revenue of $73.9 million in Q2 2023, a quarter-on-quarter climb from $55.2 million. This figure was comprised of $57.9 million in product revenue and $15.9 million in revenue generated from Bitcoin mining operations. The growth in revenue was attributed to the company’s expansion into new mining […]

Proposed Ethereum Court System to Protect Protocols from Political Interference

Alex Gluchowski, co-founder and CEO of Matter Labs, has proposed an Ethereum court system resembling a hierarchical court system similar to the real world. In a post on Twitter, Gluchowski suggested the idea of an “Ethereum Supreme Court” — which would work similar to the United States Supreme Court — to serve as a final […]

SEC Certification Request Denied: Ripple Argues Court Should Reject Appeal

Ripple has filed a motion requesting the court to deny the SEC’s certification request for an immediate appeal of a recent court ruling that went against the regulator in its case against the firm. The court ruled in July that automated open market sales of Ripple’s cryptocurrency XRP to the general public did not constitute […]

FTX Wallet Moves $10M in Digital Assets Amid Bankruptcy Proceedings

FTX, a bankrupt crypto exchange, has recently moved $10 million worth of digital assets from the Solana network to Ethereum, raising concerns that it could be the beginning of a series of token dumps. According to blockchain analytics platform Arkham Intelligence, the FTX wallet has transferred $6.23 million worth of Ether and more than $4 […]

Russian State-Sponsored Malware Targets Crypto Wallets and Exchanges

The US National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and the UK National Cyber Security Centre (NCSC) have released a joint report warning users to be vigilant against a recently discovered malware that is targeting crypto wallets and exchanges.The advisory report revealed a malware campaign conducted by […]