On February 4, the XRP Ledger (XRPL) faced an unexpected one-hour outage that has sparked discussions within the cryptocurrency community about the network’s stability and resilience. This incident, particularly significant given the network’s reputation for efficiency, occurred at block height 93927173. The brief halt in block production raised questions about the underlying technology and its
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Thailand is poised to redefine its capital markets with the anticipated launch of a Distributed Ledger Technology (DLT)-based system for trading debt instruments. The Thailand Securities and Exchange Commission (SEC) is at the forefront of this transformation, driven by a desire to modernize trading practices and spur the adoption of digital tokens among securities firms.
In recent months, the digital currency world has experienced its fair share of scandal and deceit, with the case of 22-year-old Canadian Andean Medjedovic emerging as a particularly significant example. Charged by U.S. authorities with stealing an astonishing $65 million from two decentralized finance (DeFi) protocols, Indexed Finance and KyberSwap, Medjedovic’s alleged actions serve as
In recent weeks, both Crypto.com and Kalshi have found themselves in the spotlight of the Commodity Futures Trading Commission (CFTC). This attention stems from inquiries regarding the compliance of their Super Bowl event contracts with the stringent requirements governing derivatives. The CFTC has statutory authority to inspect and demand documentation from exchanges that self-certify financial
The Pi Network, a cryptocurrency initiative that has garnered significant attention since its inception nearly six years ago, continues to evolve amidst both fervent community support and persistent scrutiny. As it stands at the crossroads of user verification issues and a quest for mainstream acceptance, it’s essential to analyze the ongoing developments within the project
The cryptocurrency market has always been synonymous with volatility, but the recent fluctuations in Bitcoin’s price evoke a particular sense of intrigue and anxiety among investors and traders alike. Starting off the week on a downward trajectory, Bitcoin saw its price plummet by a staggering $10,000 within a single day before marginally recuperating. This whirlwind
THORChain, a decentralized cross-chain liquidity protocol, recently faced a significant financial upheaval, culminating in a governance decision to tackle an impending crisis marked by nearly $200 million in debt. This fiscal turmoil has not only prompted the need for immediate action but has set the stage for a major restructuring initiative—the sixth governance proposal aimed
Elon Musk, an influential figure in the tech and finance realms, recently stirred the pot concerning the U.S. Treasury’s approach to managing public funds. His critiques, aimed at fraud and mismanagement within the Department of Government Efficiency (D.O.G.E.), have reignited discussions about the role of technology in governance. On February 2, Musk expressed his discontent
The cryptocurrency landscape is notorious for its wild fluctuations, and recent events have only underscored this reputation. In early February 2023, XRP, once a shining beacon of optimism with significant gains leading into the new year, found itself amidst a dramatic downturn. As market data indicated, XRP’s price plummeted beneath the $2 threshold—an alarming drop
In the midst of turbulent economic exchanges, the recent imposition of tariffs by the United States government has ignited discussions regarding the impacts of trade policies on various financial instruments, particularly cryptocurrencies. One voice in this debate is Jeff Park, Head of Strategy at Bitwise, who sees tariffs as a significant catalyst for Bitcoin’s ascendance.