The DeFi Education Fund and the Blockchain Association have recently taken a stand against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief in support of a legal challenge. Their primary argument revolves around the significant privacy and security concerns posed by the CAT. They are particularly worried about
Cardano (ADA) has experienced a significant surge in price over the last seven days, with gains of over 14%. However, on-chain data indicates that investors may be preparing to offload their holdings to secure profits. Santiment data reveals that an additional 12% of Cardano’s supply is now in profits, signaling a potential influx of selling
Pi Network, a crypto project introduced in 2019, aims to revolutionize the way users mine and earn digital assets on their mobile devices. By using the Stellar Consensus Protocol (SCP) as a consensus algorithm, it strives to be more energy-efficient compared to traditional Proof-of-Work (PoW) systems. Despite gaining millions of users and transitioning them towards
The Federal Bureau of Investigation (FBI) has recently made a groundbreaking decision to utilize Non-Fungible Tokens (NFTs) in order to return $1.14 million to victims of the CluCoin fraud. This marks a significant shift in the way law enforcement agencies interact with victims of fraud, as it is the first time NFTs have been employed
The performance of Bitcoin can fluctuate significantly on a monthly basis, influenced by investor sentiment and market dynamics. As August comes to a close, investors are reflecting on the past month and looking ahead to September with hopes of better results. However, the historical data on Bitcoin’s performance in August and September may provide valuable
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network that was incubated by Coinbase, making significant strides. Data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than the combined total of its competitors, Arbitrum and Optimism. This
Ethereum, like many other altcoins, is facing significant downward pressure in the market, struggling to recover from the weakness experienced in early August. Despite occasional moments of strength following a sharp sell-off on August 5th, prices are still lingering below the $2,800 mark. One positive aspect to note, however, is the impressive resilience shown by
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, in the past 12 hours, the leading cryptocurrency made a strong recovery and surged to a weekly high of nearly $62,000. This sudden uptick in price has been followed by a positive trend in the altcoin market, with larger-cap altcoins such as LINK,
The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as per reports from local media. The proposed plan involves releasing a consultation paper in the upcoming weeks to gather feedback from various stakeholders, marking the initial step towards establishing a regulatory framework for digital currencies in India. The move to
Coinbase, the popular crypto exchange, recently made an announcement regarding its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange disclosed that it would commence the migration of the Polygon ticker from MATIC to POL starting on Aug. 26, with a promise
