Elon Musk, founder and CEO of Tesla and SpaceX, recently expressed his criticism of fiat currencies by calling them an “scam” on Twitter. Musk has previously voiced his support for cryptocurrency, stating that “the true battle is between fiat & crypto” and that he “supports the latter.” His own social media platform X plans to […]
The FTX app and its terms of service promised customers that their money was being kept safe, as if it were in their own possession. However, according to Rehn, the money was actually diverted to a smaller, secretive company called Alameda Research, and was used to purchase luxuries for Bankman-Fried, his friends, and family members. […]
Ripple Labs, a blockchain payment company, is well-positioned to revolutionize the global financial system as more central banks prepare to roll out their respective Central Bank Digital Currency (CBDC). According to Ripple’s Vice President of Central Bank Engagement, James Wallis, CBDCs have a higher level of security than traditional money systems and are capable of […]
Jayanti Kanani, one of the co-founders of Polygon (MATIC), recently announced his departure from the company. His partner, Sandeep Nailwal, expressed his emotions on social media, wishing Kanani well. Polygon has had a successful year, with the launch of Polygon 2.0 and the open-sourcing of its Web3 ID solution. However, the company has faced some […]
Bitcoin’s price is currently situated in a critical area, and its reaction in the next few days will likely determine the market’s direction in the coming weeks. The price has recently surpassed the $27,500 resistance level on the daily timeframe after breaking above the 50-day moving average around the $26K mark. However, the price has […]
Coinbase is a trusted crypto exchange regulated by the SEC and FINRA in the USA, and by CySEC and FCA in Europe. Uniswap has been recording booming activities as daily active users increase, signifying a growing interest in the ecosystem. Despite the current market downturn, Uniswap has seen an incredible surge in daily active users […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange, has announced a significant investment in The Open Network (TON) – the largest layer-one investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, a non-profit organization founded in Switzerland in 2023.The Open Network (TON) is putting […]
The UK Financial Conduct Authority (FCA) is set to launch its second crypto sandbox in the first quarter of 2024. This sandbox will have set rules to govern digital securities and will allow companies to set up financial market infrastructures using digital asset technology. The sandbox will be the first financial market infrastructure sandbox deployed […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]
MKR, the native token of MakerDAO, has seen a significant 185% increase in its value year-to-date (YTD). This surge is attributed to the successful implementation of incentive schemes aimed at increasing the supply of Dai, such as the Dai Savings Rate and the allocation of US T-Bills by the DAO.The active addresses of MKR have […]
