Toncoin hits $13.96B market cap amid Durov debacle
Toncoin reached a significant milestone with 1.1 million daily users, but its market experienced turbulence following the arrest of Telegram CEO Pavel Durov. Go to Source
Month: August 2024
Binance to support Cardano’s network upgrade
The Cardano network is ready for the Chang hard fork, part of the transition to the Voltaire era of decentralized network governance. Go to Source
LBank Shakes Up the Crypto World: Celebrates 9th Anniversary with Bold New Moves and Leadership Shift
As LBank marks its 9th anniversary, the global cryptocurrency exchange looks back on nearly a decade of impressive growth, resilience, and innovation in the ever-changing digital asset space. Since its founding in 2015, LBank has built a reputation as a trusted platform, now serving millions of users in over 200 countries. Known for its commitment … Read more
Crypto bankruptcies net law firms $751M in fees
Four law firms collectively earned $484 million from their work on the crypto bankruptcies, representing 64% of all fees requested and received in these cases. Go to Source
Chinese ‘CoinGecko’ investigated by local police — Report
Launched in 2017, Feixiaohao is one of the many Chinese websites that remained operational even after the major cryptocurrency ban was enforced in China in 2021. Go to Source
Bitcoin hashprice slump echoes March 2020 BTC price launch zone
Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs. Go to Source
Are we moving to decentralization? Animoca’s Yat Siu thinks so
In a recent podcast, Yat Siu discusses how Web3 and digital property rights will redefine the internet’s future. Go to Source
Mt. Gox and US gov’t could introduce $14b Bitcoin selling pressure
Bitcoin’s crabwalk could extend into September, as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure. Go to Source
Layer-1 Platform Radix Cuts Workforce by 15%
The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like Flash Liquidity and MFA are expected to continue, users may experience disruptions due to the changes. RDX Works Seeks to Reduce … Read more
Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential … Read more