Despite the completion of the highly anticipated Chang upgrade on Cardano’s Layer-1 blockchain, the price of ADA has experienced a significant drop. The Chang hardfork brought crucial changes to the Cardano ecosystem, including the introduction of on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a new governance structure with cost model improvements. ADA holders
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX, have highlighted significant shortcomings in the firm’s practices. In response to the SEC’s findings, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who
WazirX has initiated phase two of its fiat currency withdrawal process ahead of schedule, starting on Sept. 3 instead of the previously announced date of Sept. 9. This development comes in the wake of a security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty took to social
Ripple’s University Blockchain Research Initiative (UBRI) program has recently welcomed South Korea’s Yonsei University as its newest partner. This partnership marks the addition of the 58th institution to Ripple’s global network of UBRI collaborations, with a notable 12 of them situated in the Asia Pacific region. Yonsei University will embark on a long-term journey to
Samuel Edyme, known by his nickname HIM-buktu, is a multifaceted individual making waves in the world of web3 content creation, journalism, and trading. His journey into the realm of cryptocurrency was not a smooth one, starting with a Ponzi scheme that initially led him astray. However, instead of being deterred by this setback, Edyme used
The anticipation surrounding the release of Rebel Skies, developed by Faraway Games, is palpable in the mobile gaming community. This new game, set to launch in October 2024, is not just another addition to the plethora of mobile titles available. Rebel Skies aims to revolutionize the mobile gaming landscape by incorporating elements of action, real-time
The Ethereum market is experiencing a significant shift as rising exchange reserves indicate a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown an increase. This rise suggests that traders are transferring their ETH to exchanges in preparation for selling, potentially increasing supply
In a recent talk at the Korea Blockchain Week 2024 event, US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda highlighted the need for specialized S-1 registration forms tailored specifically for digital asset securities. Uyeda emphasized that the current regulatory tools of the SEC may not effectively capture the complexities and unique features of
The latest analysis conducted by Santiment reveals a significant decline in whale activity across major cryptocurrencies like Bitcoin and Ethereum. During the period of March 13-19, Bitcoin witnessed 115.1k transactions valued at over $100k each. However, by August 21-27, this number had decreased to just 60.2k transactions, showing a noticeable slowdown. Ethereum also saw a
The Open Network and its native token, TON, have been facing a series of challenges recently. One of the most notable incidents was the sudden and drastic drop in the price of TON on CoinMarketCap. Within minutes, the price plummeted by over 90%, from $5.2 to around $0.3. This massive 94% dump caught many investors
