In a monumental announcement made on Wednesday, Verastus Labs, a pioneering peer-to-peer web service protocol, revealed that it had successfully raised $2.3 million in a seed funding round. This impressive achievement brings the company’s valuation to an astounding $50 million. The funding seeks to propel the development of Verastus LASR, an innovative stateless rollup that
The UK Financial Conduct Authority (FCA) has recently added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without proper authorization. This move by the financial regulator highlights the need for caution when dealing with Poloniex and raises concerns among UK residents. This article will delve into
The year 2024 holds great significance for the Polygon ecosystem as it sets the stage for the realization of Polygon 2.0, a cross-chain coordination protocol that aims to unite and scale the various Ethereum layer-2 scaling networks. In an exclusive interview with Cointelegraph, Jordi Baylina, co-founder of Polygon, shed light on the plans for Polygon
JPMorgan CEO Jamie Dimon recently made headlines for his scathing comments on Bitcoin (BTC) and cryptocurrency during a hearing before the United States Banking Committee. Dimon claimed that the “only true use case” for Bitcoin is to facilitate crime, specifically mentioning criminals, drug traffickers, money laundering, and tax avoidance. However, upon closer examination, it becomes
The world of cryptocurrency is often shrouded in mystery and secrecy, and Binance, one of the largest cryptocurrency exchanges in the world, is no exception. In a recent interview with the Financial Times, Binance’s newly appointed CEO, Richard Teng, once again refused to reveal the location of the company’s global headquarters. This refusal to disclose
Parallel, an emerging star in the world of NFT games, presents a captivating and immersive experience that blends technology and art. Set in an alternate version of Earth, the game has five factions vying for control, each with its own distinct playstyle, strengths, and weaknesses. The game introduces players to an expansive universe, allowing them
Helium (HNT), a decentralized network launched in 2019, has been making significant gains in the cryptocurrency market. Over the past 30 days, HNT has experienced a remarkable growth, surpassing 147%. These gains have continued with increases of 101% and 45% over the past fourteen and seven days, respectively. In the 24-hour timeframe alone, HNT reached
Bitcoin (BTC) has recently surged back to $44,000, reaching a value it hadn’t seen in the past 19 months – a significant milestone for the cryptocurrency. However, this resurgence is not the only indicator of Bitcoin’s growth. On-chain analysis reveals that the dynamics of the crypto market have transformed, painting a more optimistic picture this
In a frenzy of excitement, the new coin listing EAGLE soared over 2,000% after making its debut on Uniswap yesterday. Investors eagerly bought into the meme token, driving its price to a record high of $0.0012 earlier today. However, as quickly as it rose, EAGLE began its rapid descent, plummeting to $0.00005215 at the time
Cryptocurrencies have been a subject of intense debate and scrutiny in recent years, with regulators worldwide grappling to establish a comprehensive framework for this emerging asset class. In New Jersey, Assemblyman Herb Conaway Jr. recently introduced a bill that seeks to categorize cryptocurrencies sold to institutional investors as securities. This article delves into the potential
Sky Mavis, the leading blockchain game developer responsible for the popular game Axie Infinity, has recently announced an exciting collaboration with Foonie Magus. This partnership aims to bring Apeiron, a unique game that combines rogue-lite card battling and god simulation elements, to the Ronin blockchain network. Apeiron offers players a one-of-a-kind gaming experience, where they
The Securities and Exchange Commission (SEC) lawsuit against DEBT Box and other defendants has taken an unexpected turn, as the court recently found that the agency lied to obtain a temporary restraining order. This revelation has raised important questions about the SEC’s credibility and the validity of its claims. Lawyers representing DEBT Box have moved
In a recent YouTube video, a prominent crypto analyst from the Crypto Capital Venture channel offered a word of caution to investors amidst Bitcoin’s recent surge in price. While acknowledging Bitcoin’s impressive breakout and upward trajectory, the analyst emphasized the need for caution and a balanced perspective, given the historical tendency for pullbacks in the
The cryptocurrency market is a dynamic and ever-changing space, influenced by various factors and players. One key group that significantly impacts the market is whales, individuals or entities holding substantial amounts of cryptocurrencies. In this article, we will delve into the insights provided by Ki Young Ju, the co-founder and CEO of CryptoQuant, regarding the