Sam Bankman-Fried, the former CEO of FTX, is asking for a more lenient prison schedule to allow him to prepare for his upcoming trial in October. His lawyers have written a letter to the U.S. District Judge Lewis Kaplan, requesting that Bankman-Fried be allowed to leave prison five days a week to review documents. Bankman-Fried’s […]
Coinbase has invested in Circle, the company behind USDC, a stablecoin. The USDC Center Consortium will be dissolving, with Circle taking over the responsibility of USDC’s smart contract keys, issuance, operations, and compliance. Circle plans to expand USDC to 6 new blockchains between September and October, bringing the number of USDC-supported chains to fifteen.The news […]
The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm). Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem, and is also used in non-blockchain, browser-based applications. In April 2022, Stellar developers chose Wasm as their computation engine, arguing that it […]
MoneyGram and Ripple have had a long-standing partnership, with Ripple investing $50 million in the money transfer giant in 2019. As part of the agreement, MoneyGram used Ripple’s technology, xRapid (now On-Demand Liquidity) to send money while using XRP as a bridge currency. MoneyGram generated up to $113 million from the partnership in 2019.However, in […]
Binance Coin (BNB) has seen a sharp decline in price, trading to lows of $204 after breaking below the key levels of $210 and $208. This comes amid strong headwinds around Binance, with regulatory issues and payment partner issues adding to the downside pressure. If bulls give up the $200 zone, BNB could drop to […]
Bitcoin miners have shown resilience in the face of turbulent times, adjusting to hash rate changes and energy price spikes. Despite the challenges, miners have continued to operate and have demonstrated their commitment to the cryptocurrency. The hash rate is a measure of the processing power of the Bitcoin network, and it is adjusted periodically […]
Bitcoin traders are preparing for a period of increased volatility in the market, according to the latest Bitfinex Alpha report. Last week, the asset experienced a sudden plunge towards the $25,000 mark, resulting in over $1 billion in futures liquidations.On-chain data analyzed by researchers at crypto exchange Bitfinex showed a surge and flatline in implied […]
Stablecoin staking is becoming a popular option for cryptocurrency investors looking to maximize their earnings. Stablecoins are digital assets that are immune to news and events happening in the crypto world, and are usually pegged to stable resources such as commodities or traditional currencies. By locking away their stablecoins for an agreed-upon interval of time, […]
The crypto landscape is abuzz with excitement as Bitcoin’s halving event in 2024 approaches. Speculation is rife about whether the pioneering cryptocurrency will reach a new peak by then. At the same time, InQubeta’s presale has added an extra layer of intrigue to the narrative, with the project aiming to raise $5 million. InQubeta is […]
Thailand is taking a dramatic step to protect its citizens from crypto scams by seeking a court-ordered shutdown of Facebook. The Ministry of Digital Economy and Society (MDES) has identified 200,000 victims of fraudulent advertisements peddling fake investment opportunities and crypto scams. MDES spokesperson Chaiwut Thanakamanusorn has stated that the government is asking the court […]
