After being silent for some time, the Solana Foundation has commented on the SEC’s recent decision to classify Solana (SOL) and other cryptocurrencies as securities. The company expressed its disagreement with the market regulator in a recent post it tweeted. The Solana Foundation issued a statement saying it appreciates lawmakers’
As June 2023 has started out with a bear market, it just keeps on continuing with the same. However, the blockchain platform named Solana (SOL) had remarked an utter loss over a month of analysis. According to CoinMarketCap, SOL is pricing at $15.79 with a 25.23% decrease over the last
The cryptocurrency market is in turmoil, with a significant 7% drop pushing it below the $1 trillion threshold. It’s a real massacre, partly precipitated by Securities and Exchange Commission (SEC) measures. Amid this turmoil, Bitcoin, the reigning champion, dropped 3.75% to $25,500. while Ethereum, the runner-up, plummeted 6.9% to nearly
Reports highlight notable transfers of LINK, suggesting the involvement of whales and institutions in a potential dumping trend. A substantial amount of 451,135 LINK, valued at $2.26 million, deposited by a whale into Binance. And also the latest reports reveal that a significant majority of Chainlink holders, approximately 88%, currently
The global cryptocurrency market dropped 5% over the last 24 hours, displaying the wild crashes of altcoins. Among them, Cardano (ADA), Solana (SOL), and Polygon (MATIC) recorded alarming price drops. Memecoins — Shiba Inu (SHIB) and Dogecoin (DOGE) — were also spotted on the list of cryptocurrencies that displayed startling
Last week was quite a rollercoaster ride for the crypto market amidst the SEC’s never-ending turmoil. It had a significant impact on the overall market, and surges in crypto gains became rare. Investors have been on high alert ever since the allegations. The DeFi market is no exception. The current
As the world shifts progressively towards the digital, Animoca Brands is looking beyond national confines. Significantly, the multinational technology company intends to expand its operations worldwide. Despite recent events regarding its SAND token, global ambition remains undeterred. In a surprising twist, the SAND token has been dubbed unregistered security by
In a significant twist of events, the cryptocurrency market is reeling. The blame squarely falls on the SEC’s lawsuits against prominent crypto exchanges Binance and Coinbase. Over 100 digital currencies have felt the sting, and even top market-cap cryptocurrencies weren’t spared. A Glimpse at the Ten Hardest-Hit Cryptocurrencies Leading the
The United States House of Representatives Energy and Commerce convened on June 7 for an insightful discussion on the future of blockchain technology and Web3. Prominent industry leaders, including Polygon Labs president Ryan Wyatt engaged in a constructive engagement focused on democratizing the internet and addressing regulatory hurdles. The hearing
Expand is the latest project to emerge from Cumberland Labs, a DRW- and Cumberland-backed Web3 incubator. SINGAPORE–(BUSINESS WIRE)–Expand.network today announces its official launch for public use. The world’s first API service to offer both read and write connectivity to all major public blockchains and DeFi protocols promises to save time
