Fri, November 15

FTX Offloaded 177K Solana Coins After Staking Unlock

The defunct crypto exchange, FTX, and its sister firm, Alameda Research reclaimed the dumped 177,693 SOL tokens, worth approximately $24 million, from the Solana Proof-of-Stake (PoS) network. The exchange-affiliated wallet, H4y…gFZ, still holds a 7.057 million SOL in staking, valued around $943 million.  FTX was one of the biggest holders

September 12, 2024 2 mins read

Flowcarbon Reimburses Investors After GNT Token Launch Fails

Flowcarbon, a blockchain-based carbon credit platform co-founded by former WeWork CEO Adam Neumann, is reportedly refunding investors following the failed launch of its “Goddess Nature Token” (GNT). According to Forbes, the company has started issuing refunds in recent weeks after facing delays that prevented the token from launching as planned.

September 12, 2024 2 mins read

Hong Kong Strengthens Crypto Regulation with New Oversight for OTC Trading

According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing

September 12, 2024 2 mins read

Vitalik Buterin Tightens Criteria for Supporting L2s in 2024

Vitalik Buterin, Ethereum’s co-founder, has been at the centre of attention in recent days, both with his significant crypto transactions and his active presence on social media. On his X (formerly Twitter) account, Buterin declared a stricter stance on supporting Layer 2 (L2) projects, stating that, starting next year, he

September 12, 2024 2 mins read

Cardano Founder Denies ADA Staking and Market Cap Claims

Cardano founder Charles Hoskinson recently expressed his frustration over increasing misinformation regarding ADA staking and market cap manipulation. These false claims have become widespread, reaching what Hoskinson described as “epic levels.” A particular rumor asserts that ADA holders are trapped in staking pools. Consequently, this situation prevents them from selling

September 11, 2024 2 mins read

Atomic Wallet Freed from Class Action Lawsuit Over $100M Hack

A federal judge in the United States has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based crypto firm. Philip Brimmer, a judge in the Colorado district court, agreed, concluding there were insufficient grounds for the U.S. court to handle the case.  Following a $100 million hack in June 2023,

September 11, 2024 1 min read

UAE Boosts Virtual Asset Leadership with SCA and VARA

The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA).  The agreement was signed in September 2024 at the SCA’s Dubai

September 11, 2024 2 mins read

Australian Crypto Investors Await Clear Regulations as per Swyftx

Jason Titman, CEO of Australian cryptocurrency exchange CEO, Jason titman Swyftx, has noted that millions of potential crypto investors in Australia are hesitant to enter the market due to unclear regulations. Titman predicts that once the regulatory environment stabilizes, between two to six million Aussies will likely venture into cryptocurrency

September 11, 2024 2 mins read

Harris and Trump Odds Shift After The No Crypto Debate

U.S. presidential candidate Kamala Harris’ winning odds in the upcoming presidential election on crypto-based prediction platform Polymarket rose after the presidential debate on Tuesday in Philadelphia. The former president Donald Trump and Harris are at a tie on Polymarket.  Bettors on the prediction platform forecast a 94% chance that Harris

September 11, 2024 2 mins read

PayPal and Venmo Incorporate ENS for Effortless Crypto Transfers

On September 10, ENS Labs, a decentralized naming system based on the Ethereum blockchain, announced the integration of its naming solution into PayPal and Venmo. This move allows users on both platforms to use an ENS domain name instead of a traditional wallet address when transferring cryptocurrencies. By eliminating the

September 11, 2024 2 mins read