According to DappRadar, trading volume for the Bitcoin Ordinals NFT has plummeted by about 98% since May, indicating a severe decline in user engagement. DappRadar reported on August 17 that the overall sales volume of Bitcoin Ordinals has dropped from $452 million in May to under $3 million as of
A US judge has approved the SEC’s request to work with the South Korean government in its investigation of the alleged illegal scheme involving Daniel Shin, co-founder of Terraform Labs, and Chai Corp, a payments firm. As part of its investigation against Terraform Labs and its ex-CEO, Do Kwon, the
A federal court yesterday ruled against a motion filed by Coinbase and other crypto industry titans arguing that US Treasury sanctions against crypto mixer Tornado Cash went too far. Six plaintiffs, including two Coinbase personnel, had their motions for summary judgment denied by Judge Robert Pitman of the US District
In an unsettling development that has sent shockwaves through the crypto space, scammers have set their eyes on the Shiba Inu community, leveraging their fraudulent tactics to create a fake “SHIBARIUM” token. This malicious action occurred following the launch of the much-awaited layer-2 solution. The scam was first uncovered when
Binance, a leading cryptocurrency exchange, has announced a partnership with Hungary’s premier football club, Ferencváros, a club with an illustrious history in Hungarian football. This collaboration is aimed at enhancing fan engagement through the utilization of non-fungible tokens (NFTs) and blockchain technology. And seeks to educate sports enthusiasts about the
Ledger, a crypto wallet provider, has announced a new on-ramp solution in partnership with PayPal. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin may now be purchased using a PayPal account by Ledger Wallet owners. These purchases will be credited immediately to their Ledger wallets, skipping any intermediate accounts. Users who have
Online payment giant PayPal is making changes to its platform in the UK so that it is in line with local financial legislation. In order to comply with new rules, PayPal notified on August 16 that it is temporarily halting the capacity for its U.K. clients to acquire cryptocurrencies. A
Customers of the cryptocurrency exchange Dasset in Auckland are locked out of their funds since the company has apparently disclosed liquidation plans. The Dasset exchange, headquartered in Auckland, was founded in the midst of 2017’s ICO frenzy. Local media The Herald reported on Monday that hundreds of consumers had been
ETHToronto Hackathon, Captivating NFT Galleries, UNNY Token Rewards, and More Await Attendees at Canada’s Largest Blockchain Gathering TORONTO–(BUSINESS WIRE)–Blockchain events company Untraceable launches its fifth annual Blockchain Futurist Conference today with a stellar lineup of speakers and record breaking attendance, along with exciting new event offerings and activations. Held at
Cryptocurrency giant Binance has taken legal action against the US Securities and Exchange Commission (SEC), filing for a protective court order due to concerns over the agency’s extensive and burdensome requests for the company’s communications. The move comes after Binance and the SEC had previously reached an agreement in court
