Vivek Ramaswamy, a biotech entrepreneur and former presidential nominee, made waves last year by calling for mass deregulation of the cryptocurrency industry. He was the first Republican candidate to introduce a detailed crypto plan, aiming to reduce the federal workforce, including the Securities and Exchange Commission (SEC). Recently on Wednesday,
September 5, 2024 2 mins read
Robinhood Crypto LLC, a subsidiary of Robinhood Markets, has reached a $3.9M settlement with California’s Justice Department. The settlement follows allegations that the platform prevented customers from crypto withdrawal from their accounts between 2018 and 2022, violating state laws. California Attorney General, Rob Bonta accused Robinhood of breaching state commodities
September 5, 2024 2 mins read
In response to claims that the Solana network is not decentralized, Solana Foundation executive director Dan Albert argued during a Korea Blockchain Week (KBW) 2024 panel that the ability to coordinate a patch does not prove that the network is centralized. The capacity to coordinate the correction of a defect,
September 5, 2024 1 min read
In August, the volume of Ethereum futures traded on the Chicago Mercantile Exchange (CME) hit a multi-month low. Based on the data dashboard provided by The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion. From $30.5 billion in July, the expected dollar trading
September 4, 2024 1 min read
One of the biggest concerns with cryptocurrency is what happens if the internet goes down. Typically, users would be unable to access their wallets or make transactions, which is an issue in regions where power shortages are common. However, the Sui blockchain is addressing this issue with a concept called
September 4, 2024 2 mins read
Brad Garlinghouse, CEO of Ripple announced at Korea Blockchain Week in Seoul that the company is nearing the launch of its new stablecoin, Ripple USD (RLUSD). Set to launch within weeks, RLUSD is currently in a closed beta phase. The stablecoin is designed to complement Ripple’s existing XRP tokens. It
September 4, 2024 2 mins read
1inch Network is making significant steps in decentralized finance (DeFi) as a leading decentralized exchange (DEX) aggregator. The 1inch team recently spent $1.75M to purchase 7.96M 1inch tokens at $0.22 each. The team has invested around $5.49M since July 5, purchasing 22.4M tokens at an average price of $0.25 each.
September 4, 2024 2 mins read
At a Korea Blockchain Week (KBW) 2024 panel, Dan Albert, executive director of the Solana Foundation, pushed back against accusations that the Solana network is not decentralized, arguing that the capacity to coordinate a patch does not indicate that the network is centralized. The specifics of a serious vulnerability that
September 3, 2024 2 mins read
Scroll, an Ethereum Layer 2 scaling solution utilizing zero-knowledge rollups (ZK-rollups), made headlines with its upcoming token and airdrop launch. As of July 2024, Scroll completed a significant upgrade to its mainnet called the Curie upgrade. It raised $50M in the last round of funding with a $1.8B valuation. It
September 3, 2024 2 mins read
South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
September 3, 2024 2 mins read
