Ripple has recently secured a significant legal win in its ongoing battle against the United States Securities and Exchange Commission (SEC). On October 19, the SEC announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen. This development marked a major milestone in the civil case that was
Altcoins
The native SUI token has been facing considerable challenges in recent days. After experiencing a significant drop of over 9%, allegations of supply manipulation by South Korean regulators further dampened its progress. Despite a minor recovery of just under 1% in the last 24 hours, the token fell from $0.41 on October 16 to new
Reddit has announced its plan to close down its long-standing blockchain-based rewards service called “Community Points.” This decision is mainly driven by scalability concerns, as mentioned in an official statement made by a Reddit team member on October 17. Despite recognizing potential opportunities for the service, Reddit acknowledges that it is not feasible to scale
TrueUSD (TUSD), a stablecoin, recently reported a potential leak of Know Your Customer (KYC) and transaction history data. This breach occurred after a third-party vendor associated with TrueCoin, the operator of TUSD, was compromised. While TrueCoin confirmed that its internal systems were not affected, there are concerns regarding the compromised customer data. On October 16,
In a shocking revelation, Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, testified on October 11 that her colleague and disgraced FTX founder Sam Bankman-Fried had allegedly paid $150 million in bribes to Chinese government officials in 2021. This amount was higher than the initially disclosed $40 million. Ellison further explained that two years
In a recent unfortunate turn of events, Lido Finance, an Ethereum staking protocol, experienced a series of slashing incidents caused by infrastructure and signer configuration issues. This article delves into the incident, highlights the impact on Lido Finance and its stakeholders, and explores the lessons learned from this unfortunate event. On October 11, at approximately
Chainlink (LINK) has been a star performer in the cryptocurrency market since September, outpacing Bitcoin (BTC), Ethereum (ETH), and many other altcoins. However, the current month has not been as kind to LINK, as it has faced a 10% correction in October. This has left investors concerned that the support level of $7.20 may break,
Polygon’s native token (MATIC) recently experienced a 16.4% rally following the launch of the Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved to be stronger than anticipated, leading to a 10.6% decline over the six days that followed. This decline was exacerbated by negative news regarding the departure of a
In the world of nonfungible tokens (NFTs), scandals and controversies can often capture the attention of the community. Recently, accusations have emerged on social media linking OpenSea’s former head of ventures, Kevin Pawlak, to the infamous AnubisDAO rug pull in 2021. However, OpenSea has publicly denied any knowledge or evidence of Pawlak’s involvement in the
The price of Solana’s SOL (SOL) experienced a significant gain between Sept. 28 and Oct. 6. However, it begs the question: is this rally simply riding on the coattails of Bitcoin (BTC), or is it being driven by other factors? Before this price breakout, SOL faced a turbulent period due to the approval of the