The U.S. authorities said in a filing on Wednesday that a revised bankruptcy plan submitted by cryptocurrency lender Genesis last week marks a substantial change of intentions. Instead of reorganizing, the lender is now trying to sell off its assets. The filing by U.S. Trustee William Harrington said that the
November 2, 2023 1 min read
There is a direct correlation between the ecosystem’s total value locked (TVL) and the current spike in Cardano prices. According to the latest figures from DefiLlama, Cardano’s TVL has risen by 28.14% over the previous two weeks, to $210 million. $97.88 million of this TVL comes from the two major
November 2, 2023 1 min read
Finance Minister Mehmet Simsek told Turkey’s planning and budget committee late Tuesday that the country is in the “final stage” of introducing crypto legislation to its parliament, the last step necessary for it to be removed off the Financial Action Task Force’s (FATF) “grey list.” The “grey list” compiled by
November 1, 2023 1 min read
Following Bitcoin’s recent climb, numerous altcoins witnessed a rapid gain, resulting in huge fluctuations in the crypto market. Solana (SOL) continued to show their resilience with higher moves despite the altcoin market entering a consolidation state lately. While this was taking place, Solana’s price continued to rise, and now sits
November 1, 2023 2 mins read
After a few months of testing, the Kenyan government intends to implement its digital identity system in December 2023. The Kenyan president, William Ruto, was quoted on October 30 by local media for his remarks made at the East Africa Device Assembly Kenya factory in Athi River. Citizens of Kenya
October 31, 2023 2 mins read
Joseph Grundfest, a former U.S SEC commissioner and current professor at Stanford Law School, has been revealed to have strongly opposed the SEC’s action against Ripple due to the far-reaching consequences of the case. In a letter dated December 2020, Grundfest urged former SEC commissioner Jay Clayton not to sue
October 31, 2023 2 mins read
Avalanche blockchain browser Snowtrace has announced that it would shut down permanently on November 30 at 00:00 UTC. Users now have very little time to save their private name tags and contract verification data before the portal is permanently shut down. The announcement that Snowtrace, the Avalanche platform’s blockchain browser,
October 30, 2023 2 mins read
A crucial indicator still indicates considerable volatility for Bitcoin (BTC) despite the asset’s recent upward momentum due to the widespread expectation of the approval of a spot Bitcoin ETF. Santiment, a market intelligence firm, reports that whale activity and social volume in Bitcoin have dramatically decreased over the previous week.
October 30, 2023 2 mins read
Crypto exchange Binance has released the BNB SafeWallet, a multi-signature wallet based on the Gnosis Safe Protocol, in an effort to strengthen user security and management. An extra layer of safety for user funds has been added to Binance’s services with the recent news that this secure digital asset management
October 28, 2023 2 mins read
VanEck, a prestigious asset management company, recently released research on Solana that has generated a lot of discussion. Solana’s SOL token was given an optimistic forecast in the research, with a price increase to a whopping $3,211.28 by 2030. The report also considers a future in which Solana becomes the
October 28, 2023 2 mins read
