Polygon (MATIC), an Ethereum (ETH) Layer 2 scaling solution, has unveiled a significant Improvement Proposal (PIP-29) that aims to establish a Protocol Council responsible for executing upgrades to system smart contracts.  This proposal marks a major step towards implementing Governance 2.0 on the Polygon network. Polygon Unveils Protocol Council Per the announcement, the proposed Protocol […]

The New York Attorney General, Letitia James, has set her sights on three major players in the crypto space, alleging investor fraud. Genesis Global, its parent company, Digital Currency Group (DCG), and the renowned crypto platform Gemini find themselves in the crosshairs of a significant lawsuit. Attorney General James accuses them of deceptive practices that have allegedly […]

Solana has been fondly referred to by community members as the ‘Ethereum killer’ but as time has passed, it seems the network has failed in its mission to become the leading smart contracts platform. Its proximity to the likes of FTX crypto exchange and Alameda Research have also dented its reputation. And even now, as […]

On-chain data shows that Bitcoin long-term holders now own 76.2% of the entire supply, a new all-time high for the cryptocurrency. 76.2% Of Bitcoin Supply Now Locked In Diamond Hand Holdings In a new post on X, Capriole Investments founder Charles Edwards talked about the trend in the supply of BTC long-term holders. The “long-term […]

The Federal Deposit Insurance Corporation or FDIC, a federal agency that provides deposit insurance to depositors in US banks, has recently faced mounting pressure to address the potential risks arising from the volatile world of cryptocurrencies.  The Office of the Inspector General, responsible for overseeing the FDIC, issued a report on Wednesday emphasizing the urgency […]

FTX founder Sam Bankman-Fried (SBF) will have his details including tweets, memos, and images of his penthouse used as evidence against him in the Federal District Court in Manhattan.  FTX Founder’s Hidden Evidence Comes To Light Founder and former Chief Executive Officer of Bankrupt FTX Trading Ltd, Sam Bankman-Fried may be in hot water, as […]

In an effort to advance the growth and adoption of the XRP Ledger (XRPL), Ripple Labs Inc. has partnered with Frankfurt-based Tokentus Investment AG, an investment company specializing in the blockchain sector. As part of Ripple’s XRPL Accelerator Program, the German investment firm will support emerging start-ups by offering mentorship and guidance. The XRPL Accelerator […]

Introducing a groundbreaking proposal, the Basel Committee, consisting of banking regulators from major global financial hubs, has mandated standardized disclosure of crypto assets by major banks starting from January 2025. This initiative’s primary objective is to strengthen “market discipline” by providing investors with an all-encompassing insight into the digital currency holdings and activities of these […]

The prosecution in Sam Bankman-Fried’s (SBF) case is expected to rest its case on October 27. Following this, the defense is meant to open its case. However, it remains uncertain whether or not SBF’s lawyers are going to put up a case. If they do, there is every likelihood that they will be restricted in […]

Bitcoin (BTC), the reigning king of cryptocurrencies, is on the cusp of an exciting phase, according to prominent crypto trader Jason Pizzino. In his latest YouTube video, Pizzino delves into the intricacies of Bitcoin’s four-year cycle and shares his belief that the digital currency is unlikely to revisit its previous cycle lows. This analysis is […]

In a significant development for the Shiba Inu community, Shib CoOp, a Metaverse real estate project, announced the premiere SHIB token burn on Shibarium, marking a significant step forward for the Layer-2 (L2) blockchain network built atop Ethereum. With the launch of Shibarium over two months ago, the platform is designed to host a myriad […]

XRP and crypto enthusiasts at large found themselves embroiled in speculation after tech magnate Elon Musk took to Twitter to share an enigmatic message that read, “In X S.”  The XRP community, known for their dedication to Ripple’s digital asset, quickly linked the solitary “X” to their beloved XRP logo, while the Shiba Inu aficionados […]

Despite its relatively low adoption in the US, XRP has continued to enjoy widespread adoption overseas in countries like Japan, Singapore, and others looking to incorporate cryptocurrencies into their economy. This time, France is rumored to be the latest country to have taken an interest in the token, per rumored reports. France Could Adopt XRP […]

In a recent X (formerly Twitter) exchange, Nate Geraci, President of the ETF Store and host of the ETF Prime podcast, and Scott Johnsson, finance lawyer at Davis Polk, dissected the potential for Grayscale to make a daring move regarding the uplisting of its spot Bitcoin ETF to the New York Stock Exchange (NYSE). Their […]

In the next three days, our team at Bitcoinist will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, one of the hottest trends in crypto. Related Reading: 2023’s Blockchain Gaming Investments: Riding High Or Losing […]

As the price of XRP has dipped over the last few days, bearish sentiment once again took hold of the community. However, not everyone seems to have succumbed to this negative sentiment as one whale has chosen this as a perfect time to buy a large number of tokens. Whale Goes On $201 Million Shopping […]