Over the past two years, Elizabeth Stark and her team at Lightning Labs have made significant strides in growing the Lightning Network. They have achieved a remarkable 1,200% increase in routed transactions, demonstrating the effectiveness of their layer-2 scaling solution for Bitcoin.One of the key developments in the Lightning Network is the implementation of an […]
Changpeng Zhao, the former CEO of Binance, has experienced a significant increase in his personal wealth despite facing legal troubles. His net worth has climbed by an impressive $24 billion this year, securing him the 35th position on the Bloomberg Billionaires Index. Zhao’s career in the cryptocurrency industry began in 2013, and he played key […]
Telcoin, a decentralized finance platform (DeFi), has suffered a hack in its mobile wallet application, resulting in a loss of over $1 million in cryptocurrencies. The incident, which was first reported by security firm Peckshield, has raised concerns about the security of DeFi platforms.Fortunately, Telcoin has responded quickly to the attack, ensuring the security of […]
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The revision includes specific conditions for assessment and inclusion, such as requiring firms to hold cryptocurrency issued by a […]
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The revision includes specific conditions for assessment and inclusion, such as requiring firms to hold cryptocurrency issued by a […]
Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is aimed at replenishing its inventory in anticipation of a surge in demand. The minting occurred on December 25 and was confirmed by Tether CEO Paolo Ardoino. He clarified that the minted tokens are […]
Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing years in federal prison.One of these individuals is Sam Bankman-Fried, the former CEO of crypto exchange FTX. He has been in jail since a judge […]
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according to a recent filing with the United States Securities and Exchange Commission (SEC).Mark Shifke, DCG’s chief financial officer, will replace Silbert as chairman […]
American crypto exchange Coinbase has recently introduced Base, its Ethereum layer-2 network, which positions the company as a fundamental layer for decentralized commerce and activity. Base, built on the Ethereum scaling solution Optimism, serves as an on-chain ecosystem for both Coinbase’s own products and numerous decentralized apps used by millions of individuals. Since its launch, […]
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount will be used as inventory for future issuance requests and chain swaps on the Ethereum blockchain.It’s important to note that these newly minted tokens […]
