Ethereum, the second largest cryptocurrency by market cap, witnessed a sharp decline of 15% from a recent peak of $2,729 last Friday. This significant downturn has left many investors and analysts grappling with uncertainty, particularly as they had anticipated a sustained bullish trend following its rise. Instead, Ethereum has faced mounting challenges in maintaining upward
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In the highly competitive world of blockchain technology, governance remains a contentious topic. No one personifies this divide more than Charles Hoskinson, co-founder of Ethereum and the founder of Cardano. Recently, after an interview at the TOKEN2049 conference, Hoskinson took significant issue with the portrayal of his views in an article by Cointelegraph, leading to
The cryptocurrency market is facing a significant period of stagnation, particularly seen in two of its most high-profile assets: Bitcoin (BTC) and Ethereum (ETH). The decline in active addresses—a critical indicator of user engagement and overall market health—has raised concerns among investors about the sustainability of these currencies. This article delves into the recent trends
Cryptocurrency markets are notorious for their volatility, and this week has been no exception, especially for altcoins like Polkadot (DOT). As geopolitical tensions rise globally, numerous cryptocurrencies have experienced significant price corrections. This has led Polkadot to also suffer a notable drop, with its value plummeting to around $4.04—a staggering decline of over 14% within
The announcement of Gurbir Grewal’s resignation from his post as the Director of Enforcement at the U.S. Securities and Exchange Commission (SEC) has sent ripples through the financial and legal communities. Scheduled to take effect on October 11, 2024, Grewal’s exit comes at a particularly turbulent time. With the SEC intensifying its legal battles, particularly
As global interest in cryptocurrencies surges, Japan stands at a crossroads, meticulously recalibrating its regulatory landscape to adapt to the evolving digital asset sphere. The Financial Services Agency (FSA) of Japan has initiated a critical reassessment of its existing cryptocurrency regulations, with foundational changes expected by 2025. This reassessment, aimed at creating a more conducive
Ethena Labs has unveiled an ambitious proposal aiming to bolster the growth of its synthetic dollar, USDe, through the introduction of a decentralized exchange (DEX) named “Ethereal.” On September 30, community member Fells0x put forth this proposal which aims to leverage the benefits of decentralized finance (DeFi) while enhancing USDe’s utility in the competitive crypto
In a pioneering move that merges the worlds of digital finance and art, Kresus, a prominent crypto wallet provider, has entered into a partnership with Christie’s—a legendary auction house known for its prestigious art sales. This collaboration aims to create a more secure and transparent method for art collectors to verify and maintain ownership of
This week marked a pivotal moment for the cryptocurrency landscape with Bitwise Asset Management’s registration of an XRP ETF trust in Delaware. This strategic move was quickly followed by the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC), a necessary regulatory step for launching a new security in the market.
Ripple, the leading blockchain technology firm known for its innovative payment solutions, has recently achieved a remarkable milestone by obtaining in-principle approval from the Dubai Financial Services Authority (DFSA). This development, announced on October 1, underscores Ripple’s aspirations to enhance financial service innovation within the United Arab Emirates (UAE). As the first blockchain-based payment service
