The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have locked horns in court. Thurston, through his investment company True North United Investments, is accused of stealing $130 million worth of GALA tokens. Schiermeyer is suing Thurston for the return of the tokens and for him to step down from […]
Shiba Inu (SHIB) token has been stuck in a sideways trading pattern despite the relaunch of Shibarium, its layer 2 blockchain network. The first launch on August 18th faced significant issues, including transaction processing problems and disappearing assets. Developers worked to address the issues and implement updates, but investors remain cautious.Meanwhile, another memecoin, Golden Inu […]
Cardano (ADA) is approaching a crucial decision zone that could either lead to a market reversal or a continued price correction. On-chain activity has significantly grown YTD, with total transaction volume rising by 1,726 percent since late January. Additionally, the rate of Cardano’s discussion rate on social media platforms has been relatively higher compared to […]
Anatoly Yakovenko, co-creator of Solana, has proposed a solution to the legal issues surrounding the collapse of FTX, a cryptocurrency exchange. Yakovenko has suggested that the 7 million SOL tokens held in FTX’s reserves be redistributed to the exchange’s former customers. This would not only provide compensation to those affected by the exchange’s bankruptcy, but […]
Ripple Labs has filed a reply in opposition to the Securities and Exchange Commission’s (SEC) request for an interlocutory appeal against Judge Torres’ ruling in favor of Ripple Labs. Ripple argued that the SEC does not have the right to an appeal as the “exceptional circumstances” required for it are absent. The SEC had argued […]
Bitcoin (BTC) has returned to its familiar price level of around $26,000 after a week of massive volatility. Most altcoins are trading quietly, with the exception of Rocket Pool, Synthetix, and Stellar, which have all seen double-digit gains.The primary cryptocurrency had been trading sideways at around $26,000 until last Tuesday when Grayscale’s legal win over […]
Tanglepay has unveiled GroupFi, a new protocol that uses IOTA’s Shimmer technology to revolutionize Web3 social interactions. GroupFi is positioned to challenge social giants like Facebook, opening up a new avenue in the billion-dollar social media market. The protocol operates as an open-source platform, utilizing IOTA’s Shimmer technology to create an ecosystem for Web3 social […]
Nigeria and South Africa have the most cryptocurrency-aware populace in the world, according to a global survey conducted by Consensys and YouGov. The survey included 15,158 individuals from 15 countries between the ages of 18 and 65. Nigeria had 99% of respondents who indicated that they were aware of cryptocurrencies, while 70% said they understood […]
Ethereum co-founder Vitalik Buterin recently sold all his MakerDAO’s MKR tokens in response to the news that MakerDAO is considering Solana for its blockchain network. Solana’s co-founder, Anatoly Yakovenko, has cautioned the blockchain community against harboring resentment towards Ethereum following recent praise from MakerDAO’s CEO, Rune Christensen. Christensen highlighted Solana’s technical prowess and optimization as […]
PayPal’s stablecoin (PYUSD) has been listed on Coinbase, and other exchanges, after the likes of Kraken, ByBit, Huobi, and Crypto.com made it available for trading. Unfortunately, the last couple of months have been difficult for the asset class as the market cap of stablecoins declined for the 17th consecutive month. Tether’s USDT, Stellar’s (XLM), and […]
