Binance’s Chief Marketing Officer (CMO) recently praised the ability of cryptocurrencies to give people control over their finances. However, the CMO also expressed concerns about the state of public trust in the crypto industry. Binance, one of the largest cryptocurrency exchanges in the United States, is facing the challenge of navigating growth, building trust, and […]
Ethereum founder Vitalik Buterin has addressed concerns regarding recent transfers of digital assets from his crypto wallet. Buterin explained that the large-scale ETH transactions were not sold by him but were mostly donations to charity organizations and other projects. He emphasized that he had not sold ETH for personal profits since 2018. Buterin is known […]
Ethereum co-founder Vitalik Buterin has refuted claims that he is dumping his ETH holdings, stating that he has not sold the digital asset for personal gain since 2018. Recent reports suggested that Buterin was divesting his holdings after wallets connected to him sent Ethers to exchanges. However, Buterin clarified that these transactions were actually donations […]
Reddit has decided to end its Community Points initiative, which rewarded high-quality posters with Ethereum-based tokens. The website cited a lack of scalability and high costs as the reasons for discontinuing the program. The decision will only affect a few subreddits, as the original plan to put all Reddit users on the blockchain was deemed […]
Reddit has announced that it will be shutting down its blockchain-based rewards service called “Community Points” due to scalability concerns. This decision has caused the value of Reddit tokens, MOON and BRICK, to plummet, leading to disappointment and anger among Reddit users and crypto enthusiasts. The move has been criticized by traders and users, with […]
Nishad Singh, the former director of engineering at FTX, faced intense cross-examination during the tenth day of the Sam Bankman-Fried (SBF) trial. Singh, who has pleaded guilty to fraud and conspiracy charges, provided further insights into the inner workings of FTX and SBF’s activities. The focus of the day was on the software bug that […]
The bankrupt cryptocurrency exchange FTX has staked around $170 million in various crypto assets, including Solana, Ethereum, and MATIC. Blockchain data shows that the defunct platform has staked over 5.5 million SOL and more than 24,000 ETH. FTX has sent 5.5 million SOL, valued at $122 million, to the Figment network for staking, which is […]
FTX founder Sam Bankman-Fried’s criminal trial has revealed an extensive list of donations made by FTX associates. Bankman-Fried himself donated over $133 million, with the majority going towards political donations. Notable recipients include Republican senator Mitt Romney and Democratic senator Cory Booker. The largest donations were made to political groups and PACs, which have fewer […]
Renowned staking solution Lido Finance has announced its decision to discontinue operations on the Solana blockchain. The move comes after a thorough discussion and voting process within the Decentralized Autonomous Organization (DAO) community. Lido’s P2P team presented a proposal outlining the achievements, challenges, and future prospects of Lido on Solana, offering two possible solutions. Ultimately, […]
Ripple, the blockchain payments company known for its cryptocurrency XRP, has posted a job opening for a shareholder communications senior manager. This has sparked speculation that Ripple may be preparing to go public and list its shares on a stock exchange. The job description suggests that the role will involve direct communication with shareholders and […]
