Cardano, a popular blockchain platform, is preparing for a significant upgrade known as the Chang hard fork. This upgrade is poised to introduce new features and solidify the network’s transition into a community-run ecosystem. Originally scheduled for deployment on August 27, the launch date was pushed back to September 1, 2024, to allow crypto exchanges
Crypto
Maker, a prominent DeFi lending protocol on Ethereum, has recently undergone a rebranding to “Sky” alongside upgrades to its decentralized stablecoin system. Along with this rebranding, the stablecoin DAI has been transformed into USDS, and the governance token MKR has been changed to SKY. This move signifies a new chapter for Maker and its community.
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. His actions led to the collapse of the bank, leaving investors reeling from the $9 million loss they suffered. The Scheme Unveiled Hanes executed 11 unauthorized
Bitcoin Exchange-Traded Funds (ETFs) have been dominating the market recently, with a significant increase in investments over the past week. The largest US-based Bitcoin ETFs saw a total of over $500 million being allocated to them, indicating a strong investor interest in the cryptocurrency. Despite a rough start at the beginning of the month, with
In the wake of Pavel Durov’s arrest in France over the weekend, a multitude of celebrities and well-known public figures have come forward to express their support for the embattled entrepreneur. Among those standing in solidarity with Durov are prominent names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. This outpouring
The US Securities and Exchange Commission has stood firm in its decision to challenge Hex founder Richard Heart’s efforts to dismiss the $1 billion securities fraud lawsuit filed against him. The SEC recently submitted an opposition brief in a New York federal court, highlighting the inadequacies of Heart’s motion to dismiss and emphasizing its jurisdiction
The recent talk by Powell at Jackson Hole sent waves across the market as he explicitly endorsed upcoming rate cuts rather than just hinting at them. This change in stance from the Fed is expected to have a significant impact on the crypto market. Lower interest rates and an increase in the supply of dollars
Shibarium, a layer-2 blockchain solution on the Ethereum network, has achieved significant milestones in its first year of operation. With over 418 million transactions processed, the network has implemented key upgrades, including hard forks, to enhance its performance and user experience. However, recent data suggests a slowdown in transaction activity and progress. The network’s primary
Recent reports indicate that German authorities seized nearly 250,000 euros ($279,000) in cash and 13 crypto ATMs during a nationwide crackdown. This operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), aimed to strengthen regulatory oversight in the country’s rapidly expanding cryptocurrency sector. The crackdown, which took place on August 20, targeted 35 locations where
Bitcoin’s price surge to $65,000 after a period of sideways trading can be attributed to various factors, with one of the key reasons being the actions of the US Federal Reserve. Over the past few years, Bitcoin’s relationship with the economic policies of the US central bank has been evident, especially following the changes in