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Crypto Market Soars on Dovish Stance as Powell Signals Rate Cuts

The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of the FOMC Minutes, the stock and cryptocurrency markets were already in a bullish mood. But Powell’s statement that “The time has come

August 23, 2024 2 mins read

Chainlink Aims to Recover Late July Losses: What’s Next For LINK?

Chainlink (LINK) has emerged as a standout performer in the cryptocurrency market, staging an impressive recovery that aims to recoup losses incurred in late July. This resurgence, however, brings with it a paradoxical challenge: the potential for overheating due to intense bullish sentiment. The altcoin’s recent price action has caught

August 23, 2024 2 mins read

Mike Carson Advocates for Blockchain Domains After Squarespace DNS

Mike Carson, the founder of the Bitcoin-based naming project Spaces Protocol, argues on the recent DNS attack on Squarespace. He highlights the need for decentralized domains on the blockchain. On July 11, 2024, over 100 crypto projects were affected by an attack on the Squarespace DNS registry, leading to phishing

August 23, 2024 2 mins read

Opinion Labs Announces Investment From Binance Labs To Drive Innovation in Decentralized Epistemic Truth Machine

Opinion Labs, a leading innovator in tradable intelligence products, today announced a strategic investment from Binance Labs. This investment marks a pivotal step in Opinion Labs’ mission to build the world’s first fully decentralized epistemic truth machine, providing transparent and objective information to global decision-makers and revolutionizing how intelligence is

August 23, 2024 3 mins read

Sony Group Unveils New Ethereum Layer-2 Blockchain Soneium

Sony Group, the global conglomerate, is making a major entry into the blockchain space with the announcement of Soneium, a new Ethereum Layer-2 blockchain developed in partnership with Startale Labs. This innovative project aims to address key challenges in scalability and user experience, setting the stage for broader mainstream adoption

August 23, 2024 2 mins read

HEX Founder Richard Heart’s Case Dismissal Plea Sees SEC Opposition

The SEC has become an integral part of the US crypto regulatory landscape, particularly in the past few months. Amid several lawsuits and reexamination of crypto assets, the regulatory body has hawk-eyed crypto institutions. Recently, on August 22, the SEC raised claims against HEX founder Richard Heart.  Notably, the SEC

August 23, 2024 2 mins read