Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.
Ethereum’s latest proposal, EIP-7781, was introduced by Illyriad Games co-founder Ben Adams on Oct. 5. The proposal aims to cut block times from 12 seconds to eight seconds. This reduction would increase Ethereum’s network throughput by 50%, benefiting decentralized finance (DeFi) platforms and decentralized exchanges (DEXs). Prominent figures like Vitalik
October 7, 2024 2 mins read
Brazil’s Central Bank (Banco Central do Brasil) is advancing its Drex central bank digital currency (CBDC) project by integrating decentralized finance (DeFi) elements. Currently, the initiative is in its second pilot phase. It aims to enhance financial inclusion and improve transaction efficiency within Brazil’s evolving digital economy. The pilot program
October 4, 2024 2 mins read
Christopher DeVocht, the investor who turned an $88,000 investment into $415 million through Tesla stock, is now suing his financial advisors after losing his entire fortune. Initially, DeVocht made huge gains by capitalizing on Tesla’s skyrocketing stock price. However, his luck changed when the market dipped, ultimately wiping out his
October 4, 2024 1 min read
The NFT market recently witnessed a significant transaction with CryptoPunk 1563 being sold for a staggering 24,000 ETH, equivalent to over $56.3 million. This sale, which occurred on October 4, stands as one of the most prominent in the history of NFTs. The buyer, identified as 0x9cbb3d, used a flash
October 4, 2024 2 mins read
Raydium has launched Teleport, a groundbreaking feature that enables seamless token transfers from Ethereum-based networks to the Solana blockchain. This new tool leverages the Wormhole network to simplify cross-chain transactions. Consequently, users can transfer tokens effortlessly between these two ecosystems, improving overall efficiency. In an official announcement, Raydium emphasized its
October 3, 2024 2 mins read
Taiwan’s Financial Supervisory Commission (FSC) has unveiled a comprehensive set of anti-money laundering (AML) rules. These rules specifically target cryptocurrency firms and are set to be enforced by 2025. The new regulations aim to bring order to the growing digital asset market. They require virtual asset service providers (VASPs) to
October 3, 2024 2 mins read
Ripple CEO Brad Garlinghouse has made it clear that Ripple will fight the U.S. Securities and Exchange Commission’s (SEC) appeal for as long as necessary. The SEC is appealing a court decision from July that ruled XRP’s programmatic sales were not securities. This ruling had been a partial win for
October 3, 2024 2 mins read
Taurus, a Swiss digital asset infrastructure provider backed by Credit Suisse and Deutsche Bank, has announced a partnership with Chainlink to accelerate the adoption of tokenized assets. This collaboration aims to tackle critical challenges in the tokenized asset sector, including security, data integrity, and asset mobility. .@taurus_hq—a leading digital asset
October 2, 2024 1 min read
Australian police have seized $6.4 million in cryptocurrency tied to a global criminal group. The seizure was part of “Operation Kraken”, a long-running investigation. Authorities revealed that the funds were linked to the group’s alleged leader. Operation Kraken is a collaborative effort involving Australia and international law enforcement. However, the
October 2, 2024 2 mins read
As of October 1, Ethereum’s current price stands at $2,474, reflecting a 6.20% decrease over the past day. The market cap has similarly declined by 5.18%, currently sitting at $299.87 billion. Despite this price drop, the 24-hour trading volume has increased by 46.66%, reaching $25.27 billion. Ethereum’s market has undergone
October 2, 2024 2 mins read