Binance CEO Changpeng ‘CZ’ Zhao has addressed the rumors surrounding the departure of Binance.US CEO Brian Schoder, emphasizing the need for new leadership in light of the current regulatory challenges faced by the exchange. According to CZ, the regulatory landscape in the United States is rapidly evolving and becoming increasingly hostile towards the cryptocurrency industry.
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Since the Merge, Ethereum has undergone significant changes, starting with the implementation of the London hard fork. One key development introduced by this upgrade is the fee-burning mechanism. Under this mechanism, transaction base fees are burned immediately after a transaction is processed. This move was aimed at making Ether deflationary, as it permanently removes some
Ripple, one of the prominent players in the cryptocurrency industry, has been facing numerous challenges in recent times. The company’s troubles began when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in 2020. The lawsuit alleged that Ripple Labs had conducted an unregistered sale of securities worth over a
The rise of blockchain technology and artificial intelligence (AI) has paved the way for a captivating fusion – AI crypto projects. These innovative platforms combine the transparency of blockchain with the predictive capabilities of AI, creating robust and tokenized ecosystems. In this article, we will delve into three prominent examples – Akash Network, Numeraire, and
The cryptocurrency market has been plagued with volatility and regulatory challenges, causing many exchanges to face significant obstacles and decline in trading volume. However, amidst this chaos, Coinbase has managed to emerge relatively unscathed, maintaining a stable monthly trading volume since May. This article explores the strategic positioning of Coinbase and its potential impact on
Ethereum developers recently unveiled a new testnet called “Holešky” on September 15th. The primary purpose of this network is to facilitate staking activities, infrastructure development, and protocol advancements, as outlined in the developer documentation. However, for application development, Sepolia will remain the dominant network of choice. To kickstart the operations of the Holešky network, an
Cryptocurrencies have long been a subject of scrutiny when it comes to their potential for money laundering and illicit activities. Senator Elizabeth Warren has taken a proactive stance on this issue, introducing a bipartisan cryptocurrency anti-money laundering bill. This legislation has gained significant support from influential committee chairs and senators, signaling a growing recognition of
Despite the recent downturn in the cryptocurrency market, US-based trading platform Robinhood has made a bold move by significantly increasing its Shiba Inu (SHIB) token holdings. This article will explore Robinhood’s decision and its potential implications amidst the ongoing market fluctuations. On August 30, it was revealed that Robinhood had become the fifth-largest holder of
The metaverse landscape is continually evolving, and Darewise Entertainment, a subsidiary of Animoca Brands, is making significant strides by partnering with Horizen Labs. This collaboration aims to introduce a groundbreaking metaverse token developed on the Bitcoin network, providing an alternative to Ethereum’s dominant position in the metaverse and gaming sectors. Horizen Labs, known for its
Matter Labs, the creator of zkSync, has recently collaborated with DappRadar to launch a new ecosystem portal aimed at further decentralizing the protocol. zkSync, a layer-two blockchain for Ethereum payments, was developed by Matter Labs as a solution for scaling the Ethereum blockchain ecosystem. With over 200 projects currently using zkSync and more than 8.8
