Anatoly Yakovenko, co-creator of Solana, has proposed a solution to the legal issues surrounding the collapse of FTX, a cryptocurrency exchange. Yakovenko has suggested that the 7 million SOL tokens held in FTX’s reserves be redistributed to the exchange’s former customers. This would not only provide compensation to those affected by the exchange’s bankruptcy, but […]
Ripple Labs has filed a reply in opposition to the Securities and Exchange Commission’s (SEC) request for an interlocutory appeal against Judge Torres’ ruling in favor of Ripple Labs. Ripple argued that the SEC does not have the right to an appeal as the “exceptional circumstances” required for it are absent. The SEC had argued […]
Bitcoin (BTC) has returned to its familiar price level of around $26,000 after a week of massive volatility. Most altcoins are trading quietly, with the exception of Rocket Pool, Synthetix, and Stellar, which have all seen double-digit gains.The primary cryptocurrency had been trading sideways at around $26,000 until last Tuesday when Grayscale’s legal win over […]
Nigeria and South Africa have the most cryptocurrency-aware populace in the world, according to a global survey conducted by Consensys and YouGov. The survey included 15,158 individuals from 15 countries between the ages of 18 and 65. Nigeria had 99% of respondents who indicated that they were aware of cryptocurrencies, while 70% said they understood […]
PayPal’s stablecoin (PYUSD) has been listed on Coinbase, and other exchanges, after the likes of Kraken, ByBit, Huobi, and Crypto.com made it available for trading. Unfortunately, the last couple of months have been difficult for the asset class as the market cap of stablecoins declined for the 17th consecutive month. Tether’s USDT, Stellar’s (XLM), and […]
Shibarium, part of the Shiba Inu Ecosystem, has achieved remarkable milestones with over 900,000 transactions and 1 million wallets. To bolster user trust and engagement, the Shibarium team has incorporated the hosted version of the Blockscout explorer into Shibariumscan. Additionally, the team is collaborating with multiple third-party bridge operators to increase the number of bridges […]
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 […]
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 […]
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, 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 […]
