Sun, October 4

Circle Partners With Truefi To Boost USDC Adoption

The USDC stablecoin and Verite KYB credentials are now supported. Circle plans to provide certain Early Access clients with complimentary Verite KYB. Circle, a payments technology firm and issuer of USDC, announced on Saturday the creation of the first Verite KYB (know your business) credentials that are compatible with the

October 1, 2022 2 mins read

Solana Outage Becoming a Recurring Event Worrying Investors

Even though the Solana blockchain had significant downtime, it seems to be completely functional once again. The whole network crashed because of a single misconfigured node. But over the year, Solana has put up with a number of shutdowns. When contacted, Solana said that the transactions could not be processed

October 1, 2022 2 mins read

Deutsche Telekom Launches ETH Validator and Staking Support

StakeWise, a proof-of-stake app, will collaborate with Deutsche Telekom’s MMS. Ethereum’s proof-of-work consensus method was replaced with a proof-of-stake model. German telecom giant Deutsche Telekom, T-Mobile’s parent firm, has committed to operating a validator to facilitate staking on the Ethereum network. The news was officially announced by the German telecoms

October 1, 2022 2 mins read

DOJ Official Objects to Withdrawal Request by Celsius Network

U.S. Trustee William K. Harrington filed paperwork with the court. Harrington criticized Celsius’s timing for releasing the money. Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought approval

October 1, 2022 2 mins read

Digitex Founder Being Sued by CFTC for Non-compliance

A few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero. In October of 2018, DGTX hit a record high price of $0.16. Digitex’s founder, Adam Todd, has been sued by the CFTC for allegedly operating an unlicensed exchange for crypto derivatives. The CFTC claims

October 1, 2022 2 mins read

Paraguay Senators Dissent Presidents Bitcoin Mining Bill Veto

President Benitez vetoed the bill, saying that mining is a waste of energy. Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas. Paraguayan legislators overrode the president’s veto this week on a key Bitcoin mining regulatory measure. On Wednesday, 33 senators voted against President Mario Abdo Benitez’s

October 1, 2022 2 mins read

Solana Network Down Again, Unable to Perform Transactions

Solana is currently in a network outage and is unable to process transactions. Anatoly Yakovenko recently stated that the network disruptions were Solana’s “curse”. Solana, the leading blockchain platform again suffers from a network outage. According to the recent tweet from the Solana team, the network is experiencing an outage

October 1, 2022 2 mins read

Crypto Influencer Lark Davis Denies Pump and Dump Allegations

ZachXBT, the on-chain sleuth, has once again found something of interest. Now he’s made some serious accusations against crypto industry heavyweight Lark Davis. However, the latter insists that his actions were appropriate. The anonymous investigator has already accused American YouTuber Logan Paul of supporting a number of “pump and dump”

September 30, 2022 2 mins read

Ripple’s XRP Price Surges 12% Over Recent Court Ruling

Last month, XRP prices have increased by close to 50%. Judge Netburn noted the exceedingly general nature of discovery’s goals. XRP, Ripple’s native cryptocurrency, has seen the most daily rise. In only 24 hours, XRP’s value has increased by a stunning 12 percent. Nonetheless, the recent court judgement against the

September 30, 2022 2 mins read

Uniswap Striving for $100-$200M Funding at $1B Valuation

Uniswap (v3) has 45.2% of the market share in terms of the trading volume. The native token UNI of the platform has recently outperformed the market. Each company has taken its own unique approach to reach its ultimate objective, which may include anything from introducing new goods to raising capital

September 30, 2022 2 mins read