Mon, April 29

Solana Price Witnesses Severe Decline Amid FTX Liquidation Claims

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

Insolvent FTX Eyes Funds Recovery Paid to Athletes and Leagues

The new FTX administration has consulted with financial experts to determine whether or not it is possible to recoup the millions of dollars that were distributed to athletes, teams, and organizations for promoting the defunct cryptocurrency exchange. Moreover, according to court documents cited by Bloomberg, experts are looking into whether

September 10, 2023 1 min read

Ripple’s Chief Legal Officer Slams SEC Over Latest Filing

The Securities and Exchange Commission (SEC) has filed yet another interlocutory appeal in its relentless pursuit of a legal case against Ripple Labs. This latest move by the SEC has not gone unnoticed, Ripple’s Chief Legal Officer, Stuart Alderoty, was quick to label it as “hypocritical.” Another SEC filing, another

September 9, 2023 2 mins read

XRP Price Consolidates; Potential Break Below $0.49 Looms

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

Toncoin (TON) Price Maintains Bullish Momentum Defying Market Trend

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

Polygon Foundation Selling MATIC? CEO Responds

Two wallet addresses labeled as Polygon Foundation have raised eyebrows within the crypto community by depositing over 10.6 million MATIC tokens into the Binance exchange over the past month. While this has prompted concerns about potential token sales, Polygon’s CEO, Marc Boiron, has denied the report and any involvement by

September 7, 2023 2 mins read

Coinbase’s Layer-2 Network Base Suffers First Significant Outage

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) Witnesses Increase in Network Activity Despite Price Decline

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

Visa Expands USDC Settlement Pilot to Solana Blockchain

Visa is bringing its stablecoin settlement pilot to the Solana blockchain, enabling high-throughput transactions with negligible costs for issuers and merchants using USDC. The move comes after an extensive evaluation of Solana’s speed, costs, and decentralization. Visa cited demand from clients to leverage newer, high-performance chains for moving USDC settlements.

September 5, 2023 2 mins read

Toncoin (TON) Price Witnesses Massive Surge; Rally to Continue?

Toncoin has risen to prominence with the recent price surge taking the price all the way to $1.95. Telegram, a prominent messaging platform within the cryptocurrency industry, has no official affiliation with the project anymore, although it is nevertheless intimately related to the cryptocurrency. The dramatic growth of Toncoin (TON)

September 5, 2023 2 mins read