Lido (LDO) on Solana (SOL), a prominent protocol within the Solana ecosystem, has recently decided to discontinue its operations over the coming months.  The announcement follows extensive discussions within the Lido decentralized autonomous organization (DAO) community and subsequent voting by token holders, resulting in the approval of the sunsetting process. Lido On Solana Announces Sunset […]

Amid the decline in crypto interest, decentralized public blockchain XRP Ledger displays a significant uptick in adoption as it is on the verge of accomplishing yet another major milestone in its total count of accounts. XRP Ledger Forthcoming Milestone The XRP Ledger has been doing great in the quarter of 2023, achieving milestones that indicate […]

Within the vast terrain of Asia’s crypto exchanges, OSL, operating under the aegis of Hong Kong’s BC Technology Group Ltd., has proved to be a standout, primarily because of its regulatory adherence. However, as recent revelations suggest, this acclaimed crypto platform may soon change hands, causing a stir in the crypto community. Particularly, Bloomberg has […]

Two years ago, El Salvador became the first country to issue a law adopting Bitcoin as legal tender in its territory. The controversial decision began a new era for the country’s economic trajectory, which international authorities have questioned. Related Reading: Bitcoin ETF Rally Creates Ripple Effect: El Salvador’s Bonds Skyrocket 62% Bitcoin Helps El Salvador […]

The competition between Ripple and Ethereum has been a long-running one given the capabilities of both networks. This was further exacerbated by the fact that the US Securities and Exchange Commission (SEC) chose to bring a lawsuit against Ripple over XRP being allegedly a security but the same was not done about Ethereum’s ETH token. […]

Bitcoin has approached a retest of the $28,000 mark in the past day as on-chain data shows that large investors have been accumulating the asset. Bitcoin’s Large Holders Bought In Leadup To Latest Price Surge According to data from the on-chain analytics firm Santiment, the BTC investors with 100 to 1,000 BTC have sharply grown […]

The Solana Foundation, the nonprofit organization behind one of the leading blockchain platforms globally, has officially announced its partnership with the Dubai Multi Commodities Centre (DMCC) Crypto Centre, the centerpiece of Dubai’s flourishing Web3 industry. In a bid to fortify the Web3 ecosystem in Dubai, the Solana Foundation intends to provide an extensive support network […]

A post from crypto news outlet Cointelegraph spread rumors about approving a spot Bitcoin ETF (Exchange Traded Fund) in the US. Several top asset managers filed with the Securities and Exchange Commission (SEC), but the regulator was yet to decide. Related Reading: Grayscale Reveals Next Steps For Spot Bitcoin ETF After SEC’s Non-Appeal Fake News: […]

Despite the US government’s supposed aversion to Bitcoin and other cryptocurrencies, a recent report shows that the country happens to be one of the largest holders of the pioneer cryptocurrency. How The US Government Holds $5 Billion In Bitcoin According to a report by the Wall Street Journal (WSJ), most of the US government’s Bitcoin […]

Latin America’s crypto landscape has shown a distinct preference for centralized exchanges (CEXs) over decentralized exchanges (DEXs), according to a recent report released by blockchain analytics firm Chainalysis.  This unique trend, as outlined in the report, has positioned the region as a significant player in the global crypto economy, despite its relatively lower ranking compared […]

The crypto market is poised for yet another eventful week, as several developments are set to unfold, from the anticipated approval of a spot Bitcoin ETF in the US to macro events that have implications on the broader financial markets. Undoubtedly, the largest point of contention within the Bitcoin and crypto markets remains the potential […]

In response to the rapidly evolving landscape of crypto and blockchain technology, the Australian federal government has embarked on a proactive mission to establish comprehensive regulatory frameworks for the cryptocurrency sector, with a particular emphasis on cryptocurrency exchanges. The Australian federal government is actively pursuing the implementation of regulations for the crypto sector, specifically focusing […]

Former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), and his lawyers have once again made certain requests of the judge as SBF’s trial heads into its third week. This time, one of their requests raises the possibility of Sam Bankman-Fried testifying in his case.   FTX’s Sam Bankman-Fried Needs Prescribed Medication In a […]

In a pivotal development for the crypto investment community, the Securities and Exchange Commission (SEC) has chosen not to seek a rehearing regarding Grayscale Investments LLC’s proposal to convert its Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF). Following this, Eleanor Terrett, a journalist from Fox Business, acquired a statement from Grayscale on the […]

Bitcoin (BTC) has long been touted as a hedge against economic turmoil, and recent global unrest is putting this narrative to the test. Analysts suggest that Bitcoin’s value proposition becomes increasingly evident as geopolitical tensions escalate.  In a world where not all countries possess a currency as robust as the US dollar, the top crypto […]