South Korean authorities have expressed concerns about SUI Network, citing discrepancies in the circulating supply of their token and potential fraud. The government audit revealed that the token’s value has plummeted by over 91% since its launch in May, leading regulators to suspect undisclosed self-interests by the SUI Foundation. Lawmakers, including Min Byung-deok, believe that […]
Ripple Labs Inc. has partnered with Tokentus Investment AG, a Frankfurt-based investment company specializing in the blockchain sector, to advance the growth and adoption of the XRP Ledger (XRPL). This collaboration is part of Ripple’s XRPL Accelerator Program, which aims to support emerging start-ups by providing mentorship and guidance. Tokentus, listed on the Munich stock […]
Billionaires Elon Musk and Mark Cuban have teamed up to challenge the U.S. Securities and Exchange Commission’s (SEC) practice of conducting in-house trials without juries. They have filed a joint amicus brief to the Supreme Court, questioning the legitimacy of the SEC’s administrative proceedings and their impact on the Seventh Amendment right to a jury […]
Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” with the help of major crypto exchanges. The wallet firm collaborated with blockchain intelligence firms Chainalysis and Crystal to identify and contain the threat. The funds were transferred to the Bitcoin blockchain using sophisticated methods such as bridges and mixers, with most of […]
The approval of a spot Bitcoin ETF is eagerly awaited by the crypto community, as it could attract billions of dollars of institutional money. However, analysts are divided on the potential market reactions to the approval. Recent events, such as the fake ETF news, have shown the significant impact on the market when the SEC […]
Bitcoin’s potential for scalability and privacy is being explored through the implementation of zero-knowledge proofs (ZK-proofs). ZK-proofs allow one party to prove the truth of a statement without revealing any of its contents. The transformative potential of ZK-proofs was realized by Eli Ben-Sasson, the founding scientist of Zcash, during the Bitcoin 2013 conference in San […]
Standard Chartered, a multinational bank, is set to offer custody services for Bitcoin and Ethereum to its institutional clients in Dubai starting in Q1 2024. This move signifies the bank’s embrace of digital assets and is supported by the favorable crypto regulations in the United Arab Emirates (UAE). Standard Chartered has a strong presence in […]
The Stellar Lumens blockchain is undergoing an upgrade to support smart contracts, aiming to challenge Ethereum’s dominance in the space. The new Soroban project will attract developers, users, and new applications to the network, which was initially focused on payments. This upgrade, set to launch later this year, is expected to be the biggest since […]
Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC) is inevitable. Clayton stated that there is high demand for Bitcoin investments from both retail and institutional investors. Institutional players are eager to gain access to Bitcoin, and trusted providers want to offer this […]
New York’s attorney general, Letitia James, has filed a lawsuit against cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG) for allegedly defrauding investors through the Gemini Earn investment program. The lawsuit claims that the companies deceived over 23,000 investors, including 29,000 New York citizens, out of more than $1 billion. According to the investigation […]
