An unknown Bitcoin whale has recently emerged, accumulating 118,300 Bitcoin worth over $3 billion at current market prices. The identity of the owner remains unknown, leading to speculation that it could be a centralized exchange such as Gemini or BlackRock, the largest asset management firm in the world.The wallet has become the third-largest holder of […]
CoinDCX, a Coinbase Ventures-backed Indian crypto unicorn, has recently laid off 12% of its workforce, or 71 out of its total 590 employees. This decision was taken due to the prolonged bear market and the impact of Tax Deducted at Source (TDS) on domestic exchanges. The company had previously gone through an internal restructuring earlier […]
The US housing market has experienced a decline in pre-owned home sales in July, dropping to the lowest level in six months. This is due to rising mortgage prices, a small inventory of available homes, and fewer prospective buyers entering the market. The decline in home sales has a ripple effect on the US economy, […]
VC Spectra (SPCT) is a decentralized investment platform that is gaining attention in the DeFi space. The platform is in presale and the token, SPCT, is a BRC-20 standard token used for exchange, decentralized trading, asset management, and transaction fees. Token holders can also expect quarterly dividends and voting rights. The public presale is progressing […]
Borroe ($ROE) is a decentralized fundraising marketplace that bridges the short-term liquidity gap in the web3 industry. It is powered by AI and provides web3 businesses with instant cash flow instead of waiting to realize their income. The platform is secure and has been audited and verified by BlockAudit. In its presale beta stage, Borroe […]
The US Securities and Exchange Commission (SEC) has taken a new approach to Ripple in its Aug 19 Motion to Certify Interlocutory Appeal. The SEC has changed its stance on XRP from claiming XRP is a digital asset to stating that the token is a “computer code with no inherent value”. This could fuel hopes […]
The crypto asset Avalanche (AVAX) has been hit hard by the bear market, with its price dropping to a multi-year low of $10.14. According to IntoTheBlock’s findings, nearly all AVAX holders are currently at a loss, a situation that has not been seen before. The AVAX ecosystem has seen several developments this year, such as […]
Sam Bankman-Fried, the former CEO of FTX, is asking for a more lenient prison schedule to allow him to prepare for his upcoming trial in October. His lawyers have written a letter to the U.S. District Judge Lewis Kaplan, requesting that Bankman-Fried be allowed to leave prison five days a week to review documents. Bankman-Fried’s […]
Coinbase has invested in Circle, the company behind USDC, a stablecoin. The USDC Center Consortium will be dissolving, with Circle taking over the responsibility of USDC’s smart contract keys, issuance, operations, and compliance. Circle plans to expand USDC to 6 new blockchains between September and October, bringing the number of USDC-supported chains to fifteen.The news […]
The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm). Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem, and is also used in non-blockchain, browser-based applications. In April 2022, Stellar developers chose Wasm as their computation engine, arguing that it […]
