The once-promising platform, Superdao, which aimed to revolutionize decentralized autonomous organizations (DAOs), recently announced its decision to shut down operations. This unexpected move was attributed to unprofitable returns and the overall contraction of the cryptocurrency industry. As the company prepares to refund its investors, it serves as a stark reminder of the challenges and volatility
Macy’s, one of the leading retail giants, has taken a significant step forward in merging fashion with technology through the launch of their groundbreaking digital fashion platform, mstylelab. This innovative initiative is part of Macy’s web3 digital strategy, aimed at revolutionizing the way consumers experience fashion. mstylelab offers users an unparalleled virtual shopping experience accessible
The Conflux price has experienced a significant decline in recent times, signaling investor disinterest in the altcoin. Over the past 24 hours, the price of Conflux (CFX) has fallen by 3%, reaching a worrying $0.103716. This decrease represents a 9% loss in just one week. The downward spiral of CFX has been a persistent trend
In a recent move, Grayscale Investments has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) to register shares of Grayscale Bitcoin Trust (GBTC). The intention behind this filing is to list the shares on NYSE Arca under the GBTC symbol, reflecting the company’s aspiration to gain regulatory compliance and raise
Ethereum layer-2 scaling solutions Starknet and zkSync have bucked the trend by showing an increase in their total monthly active developer counts, while many other platforms have experienced a decline. This article explores the recent developer activity in the Ethereum ecosystem and discusses the potential reasons behind these trends. In contrast to platforms like Ethereum,
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
Recent events, particularly the actions of Palestine’s Hamas group, have once again raised concerns about the role of cryptocurrency in terrorism financing. In response to these claims, U.S. cryptocurrency exchange Coinbase published a blog post highlighting the fact that the “overwhelming majority of terrorist funding still relies on traditional financial systems, like cash.” While it
Jimmy Song, a well-known figure in the Bitcoin community, recently shared his perspective on the long-awaited Bitcoin Exchange-Traded Fund (ETF). While some individuals, like Edward Snowden, remain skeptical about the potential approval of a Bitcoin ETF, others believe that it could legitimize the cryptocurrency for institutional investors. Jimmy Song, however, takes a different stance. He
Uniswap, one of the leading decentralized exchanges (DEX), has experienced a significant drop of 6% in its value after the introduction of a new fee on crypto swaps involving Ethereum, USDC, and other cryptocurrencies. This move by Uniswap Labs comes as they seek additional funding to manage their operations. The decision to implement a fee
In a significant move towards regulating crypto-assets, the Council of the European Union (EU) has adopted a directive aimed at enhancing cooperation amongst national taxation authorities. This directive, announced on October 17th, marks a proactive approach to navigate the ever-evolving digital economy. With comprehensive amendments to EU rules on administrative cooperation on taxation, the directive
