The recent incident involving the FTX exchange emptying its FTT treasury account has raised significant concerns within the crypto community. The transferred assets from the FTT Treasury wallet include a substantial amount of FTT tokens, ETH, and JOE tokens, totaling hundreds of millions of dollars. This move has drastically reduced the balance of the Treasury
The landscape of scientific publishing is undergoing a significant transformation with the emergence of blockchain technology. Traditional gatekeepers who have long benefitted from the work of scientists are now being challenged by the decentralized nature of blockchain. This shift has the potential to create a more equitable distribution of resources and knowledge within the scientific
In a recent interview, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, made a compelling forecast regarding the future price of Bitcoin. He suggested that following the upcoming halving event, Bitcoin could potentially soar to $200,000. This prediction comes amidst a period of significant volatility in the cryptocurrency markets, fueled by geopolitical tensions
Binance, the world’s largest cryptocurrency exchange, was once banned by the Indian government. However, after agreeing to pay a penalty of approximately $2 million, Binance is now set to make a comeback in the Indian market. The agreement includes oversight by the finance ministry’s Financial Intelligence Unit (FIU), where Binance will have to comply with
The gaming industry is on the verge of a significant transformation with the recent announcement of Sony and Microsoft’s plans to integrate blockchain technology into their consoles. This move signifies a major shift in the gaming landscape, particularly in the realm of web3 gaming. Blockchain technology, known for its association with cryptocurrencies, is a decentralized
The US SEC recently filed an amended complaint in its case against Justin Sun and other defendants, arguing that Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action. According to the regulator, Sun traveled extensively to the US while he and several companies carried out unregistered offers and
The cryptocurrency market has been experiencing significant fluctuations, with Bitcoin’s price surging by 1.7% in the past 24 hours, reaching above the $62,000 mark. However, CryptoQuant, a leading crypto analytics platform, has issued warnings suggesting that Bitcoin could face a substantial downturn to $52,000 if specific key levels are breached. This cautionary note comes at
Ethereum (ETH) has experienced significant growth in the first quarter of 2024, with its price increasing by almost 100%. Alongside this price action, the Ethereum blockchain has generated profits amounting to $369 million during this period. This unexpected profitability has sparked curiosity regarding the financial mechanisms that make a blockchain like Ethereum profitable. One of
The recent introduction of the Lummis-Gillibrand Payment Stablecoin Act has sparked controversy within the crypto industry. Critics, including former Blockchain Association member Jake Chervinsky, have expressed strong opposition to the proposed bill. Chervinsky labeled the act as “deeply flawed” and warned that it would only allow for centralized and custodial stablecoins. He emphasized the importance
Crypto analyst Trend Rider has recently brought attention to the potential of Cardano (ADA) to experience a significant price rally in the near future. According to Trend Rider’s analysis, Cardano could potentially rise to as high as $3 when this rally occurs. He pointed out that history could repeat itself, with Cardano possibly on the
Bitcoin Cash (BCH) has been experiencing a decrease in enthusiasm among investors recently, as its price took a significant hit of 20% over the past week. Currently trading at $484, BCH seems to be closely following the movements of Bitcoin, the market leader, which also faced a 9% decline in value over the same period.
Binance recently completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This move was aimed at enhancing reliability and stability, as USDC is known for its transparency and compliance-first approach. By transferring all SAFU assets to USDC, Binance solidified its commitment to safeguarding users against extreme situations
As the fourth Bitcoin halving approaches, mining companies are bracing themselves for a significant drop in stock prices. Scheduled for later this week, the halving will cut mining rewards in half to 3.125 BTC, currently valued at approximately $200,000. Key players in the Bitcoin mining industry, such as Marathon Digital (MARA) and Riot Blockchain (RIOT),
Yuga Labs has made a strategic decision to sell two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a prominent Web3 gaming studio. This move is aimed at allowing Yuga Labs to concentrate its efforts on the development of its major projects, Otherside and Dookey Dash. By divesting these