Marieke Flament, the CEO of Near Foundation, has recently stepped down from her position. The foundation is known for its creation of the Near Protocol, a layer-1 protocol seeking to advance the capabilities of blockchain technology. Flament’s departure has led to the appointment of Chris Donovan, the former general counsel of Near Foundation, as the
The recent price action of Bitcoin has shown signs of weakness as it failed to break through a critical resistance level. Today’s trading session has been accompanied by selling pressure, indicating a potential re-test of crucial support levels. However, this could also trigger a bounce for the cryptocurrency, according to fresh data. This article examines
In a recent development, the Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Bit Trade Pty Ltd, the provider for Kraken Crypto Exchange. ASIC alleges that Bit Trade’s margin trading product has caused losses of approximately $12.95 million to Australian customers due to non-compliance with local laws. ASIC’s case revolves around Bit
Toncoin (TON) recently experienced a localised retracement after a significant +44% bounce off its 200-day moving average (DMA) support. However, with the recent drop in price, many are wondering if it is too late to buy Toncoin. The surge in price was fueled by the integration of TON’s wallet Ton Space into the leading messaging
Elixir Games, a pioneering company in the blockchain gaming industry, has recently unveiled an impressive lineup of exclusive titles that will be available only on its Elixir Games Launcher. With a vision to provide web3 games to players with the same accessibility as traditional gaming platforms, Elixir Games aims to revolutionize the gaming landscape. Among
In a shocking turn of events, None Trading, a popular trading tool for cryptocurrencies and nonfungible tokens (NFTs), has announced its shutdown. The reason cited for this sudden closure is a “critical exploit” within the infrastructure of the platform. This exploit not only led to the loss of a substantial amount of funding but also
Leading Chinese layer-1 solution Neo Network (NEO) has recently experienced a significant pump, with price action battling upper trendline resistance. This +7% increase in price has sparked the question: is it too late to buy Neo? In order to answer this question, it’s important to consider the wider efforts to grow the ecosystem. Neo Co-Founder
Digital currency investment firm Grayscale has joined the ranks of companies seeking to launch an Ethereum futures exchange-traded fund (ETF) by filing a proposal with the Securities and Exchange Commission (SEC). This move comes shortly after Valkyrie, another asset management firm, filed a similar proposal for an Ether futures ETF. Grayscale’s filing outlines the details
Ripple (XRP) CEO Brad Garlinghouse recently made a significant move by meeting with members of the U.S. Congress to discuss the issue of regulatory clarity in the cryptocurrency industry. In a social media post, Garlinghouse expressed the importance of engaging with elected officials who are proposing bills in order to achieve regulatory clarity. This proactive
In a recent statement, Binance CEO Changpeng ‘CZ’ Zhao has vehemently refuted claims that he took a $250 million loan from BAM Management. The reports, which stem from a court filing by the Securities and Exchange Commission (SEC), have been dubbed as “wrong information” by CZ. The controversy was sparked by an article published by
