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The Polkadot community is considering funding a study focused on shifting the classification of the DOT token from a security to a software asset. Polkadot has announced that it achieved status for DOT as a token as of November 2022, a process the project attributes directly to three years of
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For the first time in history, Bitcoin’s network has been utilized for purposes beyond simple transactions, driving the number of BTC addresses to a new all-time high. The launch of Ordinals—a project that enables NFTs on the Bitcoin network—has recently made waves, with over 13,000 mints,
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The SEC has taken a major step in its escalating battle against the crypto industry by suing Paxos, accusing the BUSD stablecoin of being an unregistered security. SEC Sues Paxos, Alleging BUSD is an Unregistered Security Update on February 14, 2023: In response to the SEC lawsuit, Paxos confirmed receiving
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Following a lawsuit from the SEC alleging that BUSD is a security, Paxos has been directed by U.S. authorities to stop issuing the BUSD stablecoin. Paxos Ordered to Halt BUSD Issuance by U.S. Authorities Official Statement from Paxos Updated evening of February 13, 2023: Paxos, the issuer of
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As forecasted by 68 Trading last week, Bitcoin has undergone a significant correction after several weeks of strong gains. With a major macro event on the horizon—the release of the latest U.S. CPI data—let’s explore what’s next for BTC! 68 Trading Plan (February 13 – February
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According to Dan Morehead, CEO of Pantera Capital, the cryptocurrency market, with Bitcoin as its leading representative, has reached its bottom. In an article titled “The Seventh Bull Cycle” published on February 8, Pantera Capital’s CEO, Dan Morehead, asserted that Bitcoin has hit its bottom and is now in
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Ethereum co-founder Vitalik Buterin has donated approximately $150,000 in ETH to aid recovery efforts following the devastating earthquake in southern Turkey and northwestern Syria. On February 11, transaction data on Etherscan revealed that Vitalik Buterin's Ethereum address, Vitalik.eth, transferred 99 ETH—equivalent to around $150,000—
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In the early hours of today, the Optimism team surprised the community with an announcement of the second OP airdrop. The token’s price reaction is “deja vu all over again.” Those who previously delegated their voting rights or paid gas fees on the Optimism layer-2 network received the OP
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The staking platform Rocket Pool on Ethereum has reached a major milestone of $1 billion in total value locked (TVL) in less than two years since its launch. According to data from DeFiLlama, the Rocket Pool (RPL) Ethereum staking protocol officially achieved a TVL of $1 billion on February 9th.
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Recent large-scale USDC burns by Circle, the issuer of the stablecoin, are raising concerns in the crypto community amid news of increased regulatory scrutiny on stablecoins in the US. According to Peckshield, the USDC stablecoin has been experiencing unusual activity with frequent large-scale mint-burn transactions. In the past 24 hours,
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Despite objections from a16z, the proposal to deploy Uniswap on BNB Chain using the Wormhole bridge has passed with an overwhelming majority. On the evening of February 10, the community vote on Uniswap’s proposal to launch the DEX on BNB Chain concluded with strong support. Specifically, 65.89% of
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Chingari, the video social network akin to TikTok, is set to integrate with the Aptos blockchain following a recent investment. On February 8, it was announced that the decentralized Indian video social network Chingari will partner with Aptos for its blockchain infrastructure. Taking a giant leap towards onboarding the FIRST
