The Cardano network is gearing up for one of its biggest upgrades yet, set to be deployed in the next three days. This upgrade will introduce new features and mark the blockchain’s transition into a community-run network. Originally scheduled to go live on Tuesday, August 27, the Chang hard fork was postponed to September 1,
Crypto
The recent move by the US Securities and Exchange Commission to target various cryptocurrency platforms has sparked controversy once again. OpenSea, a popular NFT platform, is the latest to receive a Wells Notice from the SEC, indicating that the non-fungible tokens available on the platform could potentially be considered unregistered securities. CEO Devin Finzer took
Binance, the world’s largest crypto exchange, has recently announced the addition of new trading pairs and services to its platform. This move is aimed at expanding user options and enhancing their trading experience. However, there are some restrictions in place for residents of specific countries. The latest announcement from Binance includes the addition of trading
In a significant move within the decentralized finance (DeFi) space, Maker, a pioneering DeFi lending protocol on Ethereum, has undergone a major rebranding to “Sky.” Alongside this rebranding, the platform’s decentralized stablecoin DAI has been transformed into USDS, and the governance token MKR has been transitioned to SKY. This rebranding marks a shift in the
Recently, a former Kansas bank executive, Shan Hanes, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes, the former CEO of Heartland Tri-State Bank (HTSB), pleaded guilty to one count of embezzlement by a bank officer. Shockingly, court documents revealed that Hanes executed 11 unauthorized wire
The past trading week has been nothing short of impressive for Bitcoin ETFs, with over $500 million flowing into the largest US-based products. Despite a rough start at the beginning of the month, where losses of over $550 million were recorded in just three days, both the inflows and the cryptocurrency’s price began to recover
In the wake of Pavel Durov’s controversial arrest in France, a wave of support from celebrities and well-known public figures has emerged. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson are among those who have voiced their support for the Telegram CEO. The arrest, reportedly linked to moderation issues with the messaging app
The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s attempt to have its $1 billion securities fraud lawsuit dismissed, asserting that it has jurisdiction over the case. In its opposition brief filed in a New York federal court, the SEC argued that Heart’s motion to dismiss failed to address the
The recent shift in Federal Reserve interest rates is causing waves in the cryptocurrency market. As the central bank signals a regime of interest rate cuts, the impact on digital assets with hard supply caps is becoming more apparent. This article will analyze how the changing interest rate landscape could drive up prices for certain
Shibarium, a layer-2 blockchain solution built on the Ethereum network, was created with the intention of fostering the development of the Shiba Inu ecosystem. Its primary goals included reducing transaction costs, improving speed, and increasing scalability. Since its inception a year ago, Shibarium has achieved significant milestones, processing over 418 million transactions and reaching 400