Category Archive: Cryptocurrency, No picture
Kraken refutes SEC’s claim that it offered ‘investment concepts’
In a recent court filing, crypto exchange Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities.Primarily, Kraken argues that the financial regulator is attempting to expand its regulatory scope by using vague terms like investment “concept” and “ecosystem” as substitutes for well-defined legal terms such as “investment contract” and […]
Jack Dorsey criticizes Bluesky for straying from decentralized ethos
There’s always one or more reasons behind a company board member’s departure. With Jack Dorsey and Bluesky, it’s all about direction. Speaking with Pirates Wires this week, Bluesky’s inventor said the company is straying from its original decentralized ethos and resembling a conventional social media app, the type of app he intended to avoid at […]
Russian opposition activist launches zero-knowledge voting app to challenge Putin’s inauguration
Russian opposition activist and former Pussy Riot lawyer Mark Feygin has launched a referendum on the zero-knowledge voting app Russia2024, challenging the legitimacy of the recent Russian elections and Vladimir Putin’s inauguration as president.The vote, which went live on May 10th, three days after Putin’s inauguration, is the first protest vote on the app following […]
Tether refutes Deutsche Bank research revealing stablecoin solvency risks
Deutsche Bank research analysts have released a report suggesting that most stablecoins, including Tether, are likely to fail due to a lack of transparency and vulnerability to speculative sentiment.The report, which studied 334 currency pegs since 1800, found that only 14% have survived, with a median lifespan of 8-10 years for those that failed or […]
Elon Musk’s xAI eyes $18 billion valuation with upcoming funding: Bloomberg
Elon Musk’s artificial intelligence startup, X.AI Corp., is expected to finalize a funding round at a valuation of around $18 billion “as soon as this week,” Bloomberg reported earlier this week, citing sources familiar with the matter.While the final amount of the round remains undecided, expectations are set for a $6 billion raise. Sequoia Capital […]
Crypto influencers become ‘Pokémon cards’ on Blast game
Influencers from the crypto community on X were turned into a trading card game by the Blast-based game Fantasy.top. In the past four days, the cards related to these influencers reached 9,518 Ether (ETH) in trading volume, according to a Flipside dashboard created by user Hildobby.The cards’ power level is defined by how regularly the […]
Avalanche grants $1 million for meme coin and NFT marketplace Salvor
Peer-to-peer NFT and meme coin lending protocol Salvor received $1 million in AVAX from the Avalanche Foundation to expand its services on the Avalanche C-Chain. This move is part of the Avalanche Rush Program, designed to accelerate the growth of decentralized finance (DeFi) on the platform. Salvor has a dynamic lending system that allows users […]
Ripple, XRPL Labs join Algorand Foundation as founding members of Decentralized Recovery Alliance
Ripple and XRPL Labs have become founding members of the Decentralized Recovery (DeRec) Alliance, joining forces with Algorand Foundation and Swirlds Labs. As founding members, they will hold two-year seats on the Technical Oversight Committee, contributing to governance and policy development, said DeRec in today’s blog announcement. We are excited to announce that @Ripple and […]
Espresso and Polygon Labs partner to address rollup interoperability
Espresso Systems, a shared sequencer developer, has partnered with Polygon Labs, an Ethereum layer-2 scaling solution. The collaboration is meant to build out and produce an aggregation layer (AggLayer) that could solve the problem of fragmented liquidity across interoperable rollups.AggLayer, first introduced in January, is designed to enable transaction verification across multiple chains using a […]
Ledn’s institutional loans reach $584 million in Q1
Crypto lender Ledn has reported over $690 million in loans in the first quarter of 2024. Institutional borrowers accounted for $584 million, while retail loans comprised $100 million, with $40 million tied to refinancing following the Celsius network collapse.The surge in Ledn’s loan processing coincides with the approval of Bitcoin (BTC) ETFs in the US […]
