In a market subdued by slow activity, Polygon’s native token, POL (formerly MATIC), has emerged as a standout performer. The token recently reached a 12-day high of $0.4219, recovering from a prolonged bearish phase. As of the latest data, POL is trading at $0.4141, marking a notable 9.3% increase in
The UK High Court has officially classified Tether (USDT) as a form of property under English law. This ruling, delivered on September 12, 2024, is the first of its kind in the UK to follow a full trial. The case involved a fraud victim who sought to recover stolen USDT
A recent report by Simplicity Group Research reveals that Bybit has emerged as the leading platform for Day 1 token price performance, surpassing Binance and Coinbase. The report examined token performance across Binance, Coinbase, OKX, Gate.io, MEXC, Bybit, and KuCoin, focusing on their average price changes after listing. According to
With “Lumina,” DIA, the open oracle network, has unveiled a completely revamped oracle architecture. With its impending testnet launch, Lumina aims to establish new benchmarks for oracles and solve the enduring need of genuinely decentralized and trustless data architecture for web3. It also intends to increase the usefulness of its
The cryptocurrency market is never short on buzz, and in 2024, two tokens are particularly gaining traction in the community: Solana (SOL) and Rexas Finance (RXS). A legendary crypto analyst recently shared their outlook on Solana, seeing “some upside” in the near future. However, the same expert also made a
Ethereum is trading at $2,329, according to CMC data, reflecting a slight decrease of 1.32% over the last 24 hours. Ethereum, the second-largest cryptocurrency by market capitalization, has faced notable pressure amid broader market corrections. With Ethereum’s network still being the backbone of decentralized finance (DeFi) and NFTs, price fluctuations
Indonesian cryptocurrency exchange Indodax is facing a significant financial blow following a recent exploit. The losses are estimated at $15 million. According to PeckShield, the platform has experienced a considerable outflow of funds, totaling approximately $15.7 million. These funds have been dispersed across various blockchain networks, including Ethereum, Polygon, and
Coinstore is excited to announce its premier event, the ‘Shaping the Future of Web3.0’ conference, scheduled for September 19, 2024. Co-hosted with Bitlayer, IVC, and the Cardano Foundation, the conference will take place from 9:30 AM to 5:00 PM at the luxurious Fairmont Hotel in Singapore, promising an immersive experience
The crypto market experienced bearish momentum last week but is now seeing a gradual recovery. The market cap stands at $2.01 trillion, up 2.64%, while overall trading volume has surged by 28.83%. Bitcoin has risen 3.4%, trading at $57,145, and top altcoins are following with daily gains of 2-6%. XRP,
Bankrupt crypto exchange FTX has reached a settlement with Emergent Fidelity Technologies, a firm co-founded by Sam Bankman-Fried, over more than $600 million worth of Robinhood shares. The deal, disclosed in a motion by FTX CEO John Ray III on September 6 in a Delaware Bankruptcy Court, involves FTX paying
