All eyes are on the upcoming U.S CPI and PPI inflation release this week. It will set a benchmark for the FOMC to decide over the interest rate decision. Any favorable call will act like a strong catalyst boosting overall market sentiment. It can possibly lead to a much-needed market-wide
September 11, 2023 2 mins read
Ripple announced on September 8 that it plans acquisition of Fortress Trust in order to increase its portfolio of regulatory licenses in the U.S. Fortress Trust’s mission is to serve as the regulatory and technological backbone for blockchain enterprises. Moreover, the firm is licensed as a Nevada Trust, which permits
September 10, 2023 1 min read
Ethereum co-founder Vitalik Buterin’s official Twitter (X) account was reportedly compromised. According to reports, hackers have released a malicious link in a recent tweet in what looks to be a phishing assault. Dmitry Buterin, Vitalik’s father, made the announcement that his son’s X account had been hacked on September 9.
September 10, 2023 1 min read
As part of its move to certify its interlocutory appeal in the XRP lawsuit, the U.S SEC issued a 20-page reply memorandum of law yesterday. The SEC is seeking to preserve face by appealing the inquiries asked in the lawsuit, on the grounds that it has an institutional interest in
September 9, 2023 1 min read
According to a recent tweet by Glassnode alerts, an on-chain monitoring tool, the volume of Ethereum (ETH) withdrawals from exchanges has hit a one-month low. The report claims that the number of ETH withdrawals (7d MA) from exchanges has hit 3,109,756. This new low comes after the measure only yesterday
September 9, 2023 2 mins read
There are presently around 560,000 unconfirmed transactions on the Bitcoin network. Moreover, there have been considerable increases in transaction costs and delays in processing due to this congestion. The unusual network demand is related to the excitement around Ordinals and BRC-20 minting. According to the Mempool, miners are straining to
September 7, 2023 2 mins read
The $2 million seed investment round for GAM3S.GG, previously known as Polkastarter Gaming, has been concluded. Mechanism Capital served as the round’s lead investor, while several prominent angel and venture capitalists also contributed. The project is rebranded to reflect its new vision in conjunction with the seed round fundraising. Along
September 7, 2023 4 mins read
Since its public release on August 9, Ethereum layer-2 network Base by Coinbase has experienced its first significant outage. No new blocks were created on the Base chain for around 45 minutes on September 5. The “stalled” block production was initially noticed by its developers at 9:36 pm UTC. However,
September 6, 2023 1 min read
Cardano (ADA) is pushing things to the next level with the introduction of Hydra, which has been praised for its emphasis on scalability and sustainability. The newest Hydra release is supposed to increase Cardano’s transaction throughput to millions per second. Cardano’s improved scalability will make it more appealing to developers
September 6, 2023 2 mins read
KEB Hana Bank, one of the biggest banks in South Korea, has partnered with BitGo Trust Company, a leading crypto custody provider, to begin providing custody services. Yonhap, a South Korean news agency, claimed that KEB Hana Bank and BitGo have reached a strategic business deal to build up digital
September 5, 2023 1 min read
