Ripple’s Chief Technology Officer (CTO) David Schwartz has further clarified the actual use case of his company’s XRP Ledger and its utility token XRP following comments that put the network’s reputation in question.  XRP’s Actual Utility A particular X page (@EthereumThaila1), which seems to be a pro-Ethereum user, had ignited this particular X thread following […]

Binance, the world’s largest crypto exchange, recently made headlines with its decision to exit the Russian market. But the aftershocks of this have led to further revelations, particularly concerning the involvement of the platform’s former employees in the new exchange, CommEX. Changpeng Zhao (CZ), the founder and CEO of the world’s largest crypto exchange, took […]

Big tech giants such as Microsoft, Tencent, Sony, Nintendo, and others joined the Web3 space in the past two years. A new report from crypto analytics firm Coingecko dives into the sector and the projects backed by these major companies to answer a question: how are they investing in the nascent industry? Related Reading: Want […]

In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust.  The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago.  However, Garlinghouse […]

Data shows the social dominance of Dogecoin has dropped to the lowest value since 2020, implying that interest in the meme coin has disappeared. Dogecoin And Other Meme Coins Have Seen Declining Interest Recently According to data from the on-chain analytics firm Santiment, meme coins have been occupying a smaller part of the trader interest […]

The Shiba Inu price is one that is poised for upside as momentum picks up. The fundamentals that point to this increase are a culmination of the surge in the meme coin’s trading volume coupled with an absolutely massive jump in the amount of SHIB that is being burned on a daily basis. SHIB Burn […]

On Wednesday, September 27, Roberto Campos Neto, Brazil’s central bank governor, announced his intention to tighten crypto regulation. During his speech on Finance and Taxation at a Congress hearing, Campos Neto said virtual assets brokerages should be subject to strict supervision.  Given Brazil’s significant increase in crypto adoption, the governor emphasized the need to heighten […]

In the ever-expanding landscape of blockchain technology, the concept of cross-chain bridges has emerged as a critical component. These bridges serve as the vital connectors between various blockchain networks, enabling seamless interoperability and the transfer of assets and data across different chains.  However, as the crypto industry continues to invest heavily in these bridges, Chainlink’s […]

In a significant move, the Shiba Inu community is on the brink of getting a dedicated domain service with the introduction of the Shibarium ID, which is scheduled for an official launch by the end of October. A tweet by the developers confirmed, “Shibarium ID is officially launching in late October. We’re here to help […]

In a recent development, the US Securities and Exchange Commission (SEC) has further dampened the mood in the crypto community following its decision to postpone two Spot Ethereum ETF applications.  The SEC’s Announcement In two separate releases, the Commission announced that it was delaying its decision on the proposed rule change by the Cboe BZX […]

Bitcoin miner Marathon Digital found itself in the spotlight when it inadvertently mined an invalid block at height 809478 on the Bitcoin mainnet. The blunder was attributed to a transaction ordering issue, as revealed by pseudonymous Bitcoin developer and Spiral grant recipient 0xB10C. The incident underscores the intricacies and potential pitfalls of blockchain technology. At […]

Coinbase CEO, Brian Armstrong, has called for clear, comprehensive legislation in the crypto industry, cautioning that the United States is approaching a “5G moment” for cryptocurrency. During an exclusive interview with Yahoo Finance, he emphasized that without immediate action, the US risks losing ground in a sector he perceives as pivotal. Crypto Faces Its “5G […]

Following the ruling in his appeal, FTX founder Sam Bankman-Fried (SBF) and his lawyers are back with another request to the court just less than a week before his trial commences.  What Is SBF’s Request? In a letter addressed to Judge Kaplan, the Judge in charge of Sam Bankman-Fried’s case, the Defense’s lawyers have requested […]

The lawyers representing Terraform Labs and its CEO Do Kwon in the ongoing court case with the US Securities and Exchange Commission (SEC) have pushed against an extradition request of the securities regulator. In a petition submitted on September 27, the defendants are nudging the court to reject the SEC’s request to transport Do Kwon […]

Chase UK’s recent decision to ban cryptocurrency transactions for its customers has sparked debate within the crypto community. While the bank cites concerns over scams and fraud as the rationale behind this move, critics argue that it contradicts the United Kingdom’s crypto policy objectives.  Jesper Johansen, founder and CEO of crypto service provider Northstake, expressed […]

The US Securities and Exchange Commission (SEC) is reportedly fast-tracking the launch of Ethereum futures exchange-traded funds (ETFs), with a potential trading debut as early as next week. This comes amid mounting anticipation of a possible US government shutdown. First Ethereum Futures ETF Could Launch Monday Bloomberg ETF analyst Eric Balchunas provided significant insight on […]

Kraken, a regulated cryptocurrency exchange based in the United States, reportedly plans to expand beyond crypto by offering stock and exchange-traded fund (ETF) trading to clients in the United States and the United Kingdom. According to recent reports, Kraken has since created a new division called Kraken Securities to facilitate the development of this new service […]

Binance, the world’s largest cryptocurrency exchange, has announced its full exit from Russia with a sale to a newly launched exchange. This move comes as a response to the firm’s compliance issues related to Western sanctions imposed on Russia. In August, Binance began considering an exit from the Russian markets following reports of its continued […]

A recent incident involving a former CEO of a local US bank has been the latest reminder of the risks tied to the crypto world. As the industry grows despite tales of fortunes made and lost abound, this particular story paints a cautionary tale of corporate responsibility gone awry. High-Risk Crypto Investment Goes Sour Heartland […]

Is the Bitcoin mining network decentralized enough? Or do the big miners control a significant part of it? Here’s what the latest data says. Public Bitcoin Miners Control Around 28% Of The Total Hashrate In a new post on X, Bloomberg Intelligence market analyst Jamie Coutts discussed how the mining industry has evolved. The first […]

In a bipartisan effort, members of Congress from both parties have sent a strong message to Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) and an end to discriminatory practices.  The letters, sent before Gensler’s hearing before the House Financial Services Committee, highlight the need […]

Shiba Inu developer Kaal Dhairya confirmed renouncing the ShibaSwap governance token BONE. This action implies that the smart contract creator gives up control of the token.  Furthermore, the creator can no longer alter or manipulate the contract. Consequently, renouncing a smart contract makes it trustless and transparent, attracting more investors, some believe.  This development could […]

Researchers at the Federal Reserve have delved into the world of tokenizing real-world assets (RWAs) on blockchain technology. This exploration sheds light on the transformative power of tokenization, emphasizing its potential benefits and financial stability implications. Tokenization, as elucidated in the paper, is the process of creating digital avatars, known as crypto tokens, for non-crypto […]

Filecoin has grown to be one of the most beloved crypto with an active community that continues to keep it alive. However, questions about the blockchain’s origin, and its ICO in particular, are beginning to pop up as an on-chain sleuth has posted findings of his investigation. Digging Into The Filecoin ICO The on-chain investigator […]

Pro-XRP lawyer John E. Deaton has criticized the United States Securities and Exchange Commission’s (SEC) latest decision on Coinbase’s connection with the bankrupt crypto lender Celsius. Pro-XRP Lawyer Baffled By SEC’s Decision Recently, Coinbase presented a restructuring plan to the SEC in which investors from the bankrupt crypto firm Celsius could be reimbursed for their […]