Following the attack, the Aragon Association has decided to cancel its previously announced plans to grant voting rights to ANT token holders over its DAO (Decentralized Autonomous Organization). Aragon, a platform for creating decentralized autonomous organizations (DAOs), has decided to revoke its initial proposal of granting voting rights to holders of its native Aragon (ANT)…
Binance Plans to Adopt Lightning Network; Which Major Crypto Exchanges are Lightning Ready, and Which Ones are Not? The significant increase in Bitcoin transaction fees, causing a decrease of $27,832 in BTC values, has motivated one of the largest cryptocurrency exchanges to upgrade to the Bitcoin Lightning Network. After experiencing another pause in withdrawals, Binance…
Ordinals Token Now Available on Numerous Centralized Exchanges The combined market value of tokens developed on the Ordinals protocol has surpassed $900 million. The Ordinals protocol is revolutionizing the Bitcoin landscape by enabling individuals who run Bitcoin nodes to embed data into each satoshi, resulting in the creation of the Ordinals ($ORDI) token. It’s important…
Big Update from Terraform Labs: The company, co-founded by Do Kwon and Daniel Shin, moved tokens worth millions just one year after the Terra-LUNA crisis. Notable Transaction by Terraform Labs: The company, co-founded by Do Kwon and Daniel Shin, transferred Convex Finance (CVX) tokens worth millions to another wallet on Tuesday. The transfer took place…
Bitcoin, the biggest cryptocurrency, is experiencing a decline for the third day in a row, even as more people are becoming Bitcoin owners. Bitcoin’s price began to fall on May 6th, when it was valued at approximately $29,700. As the total value of the global cryptocurrency market decreased from around $1.2 trillion to $1.13 trillion…
Estonia’s regulator finds problems with crypto companies, including questionable executives and unrealistic business plans. Nearly 400 virtual asset service providers (VASPs) in Estonia have closed down or had their authorizations revoked as a result of the government’s new anti-money laundering laws. These laws, aimed at preventing terrorist financing, were implemented in March. The updated laws…
Bankman-Fried, the individual associated with FTX, has not taken steps to dismiss charges related to securities fraud or money laundering. Late on Monday, Sam Bankman-Fried, the founder of FTX, submitted legal motions before the trial to request the dismissal of most of the charges against him. He cited various reasons to support his request. Bankman-Fried,…
Ripple, a big company in payment solutions, revealed its intention to expand to Dubai. They mentioned the clear rules set by regulators and the increasing number of customers in the region as important reasons for this move. Ripple, a well-known company that offers payment solutions and is responsible for XRP, revealed its plan to expand…
South Korean lawmaker Kim Nam-kuk, from the Democratic Party, is being investigated by local authorities due to questionable cryptocurrency transfers. It is worth noting that Kim Nam-kuk had previously supported a bill aiming to delay the taxation of cryptocurrency profits. South Korea’s financial watchdog has alerted local prosecutors about a string of cryptocurrency transactions made…
Worries spread on Crypto Twitter about a potential denial of service (DoS) attack targeting the Bitcoin network. Over the weekend, a sudden increase in Bitcoin transaction fees and unconfirmed transactions, causing Bitcoin BTC prices to drop to $28,307, raised concerns on Crypto Twitter about a possible Denial of Service (DoS) “attack” on the network. Several…
On May 4, Celsius announced that its customers would have the opportunity to withdraw the remaining 6% of their funds. In January, the attorney general’s office of New York filed a lawsuit against Celsius. Celsius Network, a platform for lending cryptocurrency, has revealed that specific customers will soon have the opportunity to reclaim their entire…
James Murphy, a lawyer with expertise in cryptocurrencies, discussed the legal conflict between the SEC and Coinbase. James Murphy, a prominent cryptocurrency lawyer in the United States, addressed the regulatory pressure imposed by the Securities and Exchange Commission (SEC) on the cryptocurrency exchange Coinbase. Murphy expressed his belief that the SEC would have a high…