It was announced on Thursday that Josh Stark, a prominent researcher and project manager at the Ethereum Foundation, would be leaving the organization after five years. The foundation is a non-profit that oversees the development of the Ethereum ecosystem. In a post on X, Stark said that he had no
The class action complaint against Circle Internet Group was initiated by an investor in the Drift Protocol. The investor claims that Circle failed to seize the $280 million in funds that were taken in the April 1 hack of the protocol. In a US district court in Massachusetts on Wednesday, Drift
At Thursday’s press time, the wider cryptocurrency market was stable, with Bitcoin (BTC) and Ethereum (ETH) trading at over $74,500 and $2,350, respectively, and Ripple (XRP) maintaining its value at $1.40. Bloomberg reports that US and Iranian officials are contemplating extending the two-week ceasefire in order to facilitate improved discussions,
This month, Bitcoin’s price has increased by about 10%; nevertheless, the surge is encountering resistance close to $75,000. The halt is noteworthy because US equities are trying to reach new highs. Holders are selling into strength, according to on-chain data, which helps to explain the slowdown. Along with record highs in
Despite only being available for trading for a little over a week, Morgan Stanley’s new spot Bitcoin ETF has already received more capital than WisdomTree Bitcoin Fund (WBTC) in net inflows. Wednesday saw a net inflow of $19.3 million to the Morgan Stanley Bitcoin Trust (MSBT), raising the total to
With the formal launch of its decentralized autonomous organization (DAO), Orbs has introduced a governance architecture that allows its worldwide community to make protocol decisions. A major step toward completely decentralized governance, the implementation will start in the next weeks. After years of infrastructure development, product deployment, and regulatory preparation,
In order to address the severe lack of stablecoin connectivity across Asia, Stables, an API-first infrastructure platform, today announced a strategic agreement with settlement infrastructure provider Mansa. Only 1% of local banks now support the technology, despite Asia accounting for 60% of worldwide stablecoin movements. This creates a significant infrastructure deficit for
At the time of writing on Wednesday, Bitcoin’s (BTC) price was hovering around $74,000, a crucial breakthrough level that, if maintained, would indicate a positive trend moving forward. Spot Exchange Traded Funds (ETFs) saw inflows of more than $410 million on Tuesday, bolstering the Bitcoin price. This comes as reports suggest
The crucial $1.4 resistance level has been challenged twice by XRP throughout the last two weeks. Time and again, sellers were able to halt market rallies by holding the price down. Still, it seems like price action is eager to give it another go. An further effort to transform $1.4
According to local local media reports, Coinone, the third-largest cryptocurrency exchange in South Korea, is facing fines and a partial business suspension due to anti-money laundering violations. Coinone was reportedly held by South Korea’s Financial Intelligence Unit (FIU) under the Financial Services Commission for noncompliance with anti-money laundering requirements, including the failure
