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
Uniswap, the leading decentralized exchange (DEX) powered by the Ethereum blockchain, has achieved a major milestone by surpassing 250 million swaps on its platform. This significant achievement solidifies Uniswap’s position as the worldwide go-to protocol for decentralized finance (DeFi) enthusiasts. Uniswap announced this remarkable accomplishment through a tweet from its
Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that
Solana (SOL) landed on the SEC’s list of cryptocurrencies labeled as ‘securities’ on Monday. In the wake of that, the SOL markets have entered their chaotic volatile phase. Defending a concrete stance, the Solana Foundation stated to CoinDesk that SOL, the native token of Solana, is not a security. Likewise,
Vitalik Buterin, the Ethereum (ETH) co-founder, teamed up with CryptoRelief, led by Sandeep Nailwal, to allocate $100m to Covid research projects last year. After thorough discussions, they concluded that these projects are high-impact and require additional funding. Thus, they decided to invest an additional $100m through Buterin’s entity Kanro, utilizing
Ripple CEO Brad Garlinghouse recently shared his perspective on the recent remarks made by SEC Chairman Gary Gensler regarding digital currencies via Twitter. In his statement, Garlinghouse suggested that he perceives certain limitations to the SEC’s authority and interpreted Gensler’s actions as indicative of weakness. Prominent Ripple lawyer reacts to
In a recent development, the engineering team behind zkSync Era, the groundbreaking Ethereum scaling solution, has acknowledged a temporary withdrawal delay experienced by a small subset of users on their network. The delay, which lasted for up to six hours, has since been rectified. Then, all pending withdrawals have either
In a significant development for the ticketing industry, NFT-TiX, a leading event ticketing platform, has announced its partnership with Avalanche, a scalable smart contract platform. As part of this collaboration, NFT-TiX will exclusively use Avalanche’s blockchain technology to power its Non-Fungible Token (NFT) ticket offerings. This partnership extends further with
Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
In a major legal development, the Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the world’s largest cryptocurrency exchanges. The SEC complaint specifically identifies ten tokens, including popular cryptocurrencies such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI, as unregistered crypto
