Tim Paymans, VP of Product at IOV Labs, made a number of significant announcements at this year’s Consensus event that promote the expansion of the Rootstock ecosystem and update the open-source Rootstock Infrastructure Framework (RIF) with a more focused approach. Two significant RIF developments were disclosed during the discussion: Five
April 27, 2023 2 mins read
Even though the crypto industry has seen substantial growth this year, volatility has been a constant. In spite of this competition, Uniswap has maintained its position as the decentralized market leader. Across all blockchains, it still commands over $4 billion in total value locked (TVL), making it one of the
April 26, 2023 2 mins read
In a statement released earlier today, the Digital Currency Group (DCG) warned that Genesis Global’s bankruptcy procedures might go on for a long time. Genesis Global is a DCG subsidiary. The company is in trouble since its creditors rejected the bankruptcy restructuring plan that was agreed upon about two months
April 25, 2023 2 mins read
Cremation Coin, a project on the Terra Classic network, just completed a weekly burn campaign in which it burnt almost 24 million LUNC. As a result of today’s enormous LUNC burn, Cremation Coin has already burned almost 369M LUNC in total. Even if the LUNC burn rate has been going
April 25, 2023 2 mins read
The South Korean Court has decided that Terra Classic (LUNC), the rebranded native token of the Terra network that spectacularly collapsed last year, is not a security. Apparently, the Seoul Southern District Court found once again on February 16 that “it is difficult to see LUNC as a financial investment
April 24, 2023 2 mins read
The cryptocurrency market has been trading in the red, with a sharp decrease for almost all cryptocurrencies. Not even Polygon (MATIC) could buck the market’s downward momentum. According to CMC, MATIC lost 15% of its value in the previous week. Trading volume in the NFT market is also at a
April 24, 2023 2 mins read
While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President
April 23, 2023 1 min read
Bitget, a cryptocurrency trading platform located in Seychelles, has formally registered as a service provider in Lithuania. The Baltic state’s local rules and regulations have been fulfilled, according to a release from the exchange. Also, a safe haven for crypto and blockchain initiatives, the nation is seen as a growing
April 20, 2023 2 mins read
Prosecutors in Montenegro have charged Terra’s co-founder Do Kwon and CFO Han Chang-joon on charges of document forgery. Do Kwon and Han Chang-joon were detained by Montenegrin police on March 23 for using counterfeit travel credentials to catch a trip to Dubai. Indictments for the crime of document fabrication were
April 20, 2023 2 mins read
Governments all across the globe have struggled to grasp the actual nature of cryptocurrencies. Despite its label as a commodity by some. The U.S SEC has been advocating for it to be treated as a security. A Hong Kong court has ruled that cryptocurrencies are property in a case involving
April 19, 2023 1 min read
