The Ethereum-based social token platform Rally announced its closure on Tuesday. The Rally sidechain’s shutdown was announced in an email delivered to the Rally community on January 31st. Rally indicated that 2022 was a difficult year for the platform and the broader crypto sector. Despite the team’s best efforts, “the
February 1, 2023 2 mins read
In a new set of proposed regulations, the Philippines Securities and Exchange Commission (SEC) aims to expand its purview to include virtual currencies and to increase its control over the country’s crypto space. Local media source Manila Bulletin reported on January 25 that the securities regulator has proposed drafting regulations.
January 30, 2023 1 min read
As the central bank of Nigeria has been actively encouraging its people to switch to digitalized currency, the price of Bitcoin premium in the country has risen to unsustainable heights. The current price of one bitcoin on the Nigerian cryptocurrency market NairaEX is 17.8 million Naira, or $38,792. Compared to
January 30, 2023 1 min read
Yuga Labs, known for producing popular NFT collections like the Bored Ape Yacht Club and the Mutant Ape Yacht Club, has been receiving a lot of media attention. The latest came from one of its co-founders, Wylie Aronow, who announced his departure from the company’s day-to-day operations through Twitter. Wylie
January 29, 2023 1 min read
According to a statement released on January 26th, the Solana decentralized finance (DeFi) platform Friktion is closing down its user interface. And encouraging consumers to remove their money from the protocol. Due to the platform’s website switching to a withdrawal-only mode for all Volts, deposits are no longer possible. According
January 29, 2023 2 mins read
The crypto sector is still feeling the after-effects of the FTX fiasco with several firms laying off staff trying to cut down expenses. One of the greatest scams in history has allowed the SEC to take a stringent approach toward the crypto sector. Now according to FEC documents, many high-ranking
January 29, 2023 1 min read
The goal of a new measure proposed in the New York State Senate is to allow the use of certain cryptocurrencies as a legitimate means of payment for state entities. To do so would mean accepting cryptocurrency as payment for a variety of state-issued fines, taxes, and other levies. Bitcoin,
January 28, 2023 1 min read
Aave’s integrations lead Marc Zeller said in a post on January 26 that the company has bought 2.7 million Curve (CRV) tokens, which will settle “excessive remaining bad debt” in a dozen transactions over the following 15 hours. The decision was made when Aave Improvement Protocol (AIP) 144 was approved
January 27, 2023 2 mins read
In a class action lawsuit filed, investors in crypto miner Argo Blockchain claimed the company misled them during the IPO by making false representations and withholding key facts. On January 26, a lawsuit was filed against Argo and many of its top executives and board members. It asserts the company
January 27, 2023 1 min read
Celsius said in court on Tuesday that it is considering issuing a new digital asset token as part of its strategy to restructure and emerge from bankruptcy as a future regulated cryptocurrency platform. At a video hearing, Celsius’s attorney Ross M. Kwasteniet argued that creditors would be better served by
January 25, 2023 1 min read
