Bitcoin and other cryptocurrencies were lately facing severe downtrend due to fears that FTX may unload its cryptocurrency holdings. This selling pressure resulted in Bitcoin drop terribly and a general decline throughout the cryptocurrency market. Fear of selling pressure from FTX subsided, however, and BTC prices climbed back over $26,500,
September 15, 2023 2 mins read
Transaction and wallet activity on Tron, a measure of its popularity among investors and traders, have lately grown, lending credence to the recent price jump. Moreover, Tron’s founder, Justin Sun, has shown interest in purchasing the assets of defunct cryptocurrency exchange FTX. The goal, as the founder of Tron indicated,
September 13, 2023 2 mins read
Binance.US CEO Brian Shroder has stepped down, and Chief Legal Officer Norman Reed has been appointed to lead the company in the interim. In response to the severe regulatory crackdown by the United States SEC, Binance.US has reduced its workforce by roughly 100 employees. The U.S arm of Binance, which
September 13, 2023 1 min read
The Klaytn Foundation has proposed an ambitious strategy to use blockchain technology to bring about positive social change. By assisting a new generation of initiatives running on the Klaytn blockchain, it hopes to promote better financial accessibility across Asia and the rest of the globe. By putting in place key societal
September 12, 2023 2 mins read
It’s been less than two months since the landmark SEC vs. Ripple judgment. After significantly rising post the judgment, XRP’s price has fallen back to its pre-breakout level as the token is now facing a 53% retracement after its spectacular breakthrough in July. Undoubtedly, the euphoria among XRP traders and
September 12, 2023 2 mins read
The cryptocurrency market has taken a hit recently with the majority of cryptocurrencies facing severe downtrend, and there are rumors that defunct crypto exchange FTX is planning to sell a large percentage of its assets. FTX is reportedly seeking permission from the court to liquidate its $3.4 billion worth of
September 11, 2023 2 mins read
Despite hackers apparently exploiting a known security hole in Lido DAO’s token contract, Lido Finance has guaranteed Lido DAO LDO and staked-Ether (stETH) tokens are secure. In response to a post by blockchain security company SlowMist on September 10, Lido said that LDO and stETH funds are secure but did
September 11, 2023 1 min read
Following its notice of appeal to the United States SEC, blockchain-based file-sharing and payment network LBRY received support from the XRP community. The abrupt announcement from LBRY that it will appeal the final ruling in favor of the U.S. SEC sparked widespread interest in the cryptocurrency space. On September 7th,
September 8, 2023 2 mins read
Prominent crypto statistics provider Kaiko recently highlighted the XRP’s current trading volume of $779 million. The figure is up from $462 million trading volume in August. This last month figure is notable since it is four times more than the volume of transactions for the second cryptocurrency on the list.
September 8, 2023 2 mins read
The Open Network Foundation (TON Foundation) has announced its formal start as a Swiss non-profit organization. This is in order to aid in the development of The Open Network (TON). The ability of the TON Foundation to effectively plan, strategize, and implement its purpose to promote the TON ecosystem is
September 7, 2023 2 mins read