Virgil Griffith, an Ethereum developer who is currently in prison for five years, has been prohibited from exporting for 10 years by the Department of Commerce. This means he cannot engage in export-related activities until April 12, 2032. As a result of his actions, Griffith is now facing restrictions on participating in international trade and…
Ethereum network faced another incident within 24 hours. Blocks were proposed but not validated for 25 minutes. Ethereum, the second largest blockchain by cryptocurrency market value, experienced a technical issue on Friday. This issue caused a delay in the finalization of blocks on the network for nearly an hour. The Ethereum Foundation explained that to…
All members of the Cosmos community, using the ATOM token for governance, voted in favor of allowing Stride to join the ecosystem. Image source: bitcoinsistemi A significant voting phase has concluded in ATOM, a cryptocurrency network designed as an alternative to proof-of-work systems. During a governance vote, the majority of ATOM token holders approved the…
Valkyrie, a company that manages assets, has recently submitted an application for a futures ETF focused on Ethereum (ETH). This ETF, called Valkyrie Ethereum Strategy ETF, aims to track the performance of Ethereum, which is the second-largest cryptocurrency in the world. While there is limited information available about the fund’s specifics, Valkyrie Digital Assets specializes…
Bakkt, a crypto business owned by Intercontinental Exchange, stopped its consumer app in February and is now focusing less on individual customers. Due to regulatory guidance and changes in the industry, Bakkt has decided to remove several digital assets, including popular decentralized finance (DeFi) tokens, from its offerings. Bakkt has removed several tokens from its…
The U.S. Securities and Exchange Commission (SEC) and its Chair Gary Gensler have faced criticism for their handling of the crypto market enforcement. Ripple’s Chief Legal Officer, Stuart Alderoty, believes that the issue lies not with the crypto ecosystem itself but with the constitution. The SEC’s conflict with the crypto industry intensified in 2023 as…
DinoSwap (DINO) Gains Attention; Huobi Global to List Token DINO’s Price Sees Minor Decline, Stabilizes at $0.001272 Support Level DinoSwap (DINO) has been making impressive progress in the cryptocurrency industry, attracting the interest of investors and traders. The steady growth of DINO has caught the attention of those involved in the DINO market. Dino Token’s…
Phemex Introduces Up to 20x Leverage for FLOKI Trading, BitMEX Adds New FLOKI Perpetual Listings Exciting news for crypto traders as Phemex announces the availability of FLOKI trading with leverage of up to 20x. This allows users to amplify their trading positions for FLOKI, enhancing potential returns. Similarly, BitMEX joins in on the FLOKI action…
Polygon could potentially surpass Solana once again. Solana was greatly impacted by the FTX fall, as SBF, a strong supporter of the Solana Ecosystem, faced challenges. Solana has successfully surpassed one of its main rivals, Polygon, to regain a position in the top 10 in terms of market capitalization. During the Terra collapse in May,…
Nexo, with 5+ million users, offers various crypto services but is closing in the UK. Last year, Nexo paid $45M to settle charges of violating US securities laws. Records show that Nexo, a crypto lending firm based in London, has taken the necessary steps to remove its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing…