Category Archive: Cryptocurrency, No picture
Linea proposes framework for L2 decentralization, plans shift to proof-of-stake
Key Takeaways Linea plans to transition to a proof-of-stake model for block validation. An auction system for block proposers will be implemented to reduce token supply. Share this article Linea, the Layer 2 ZK rollup developed by Consensys, has unveiled a proposal outlining steps towards decentralizing its network. The proposal, titled “towards Linea’s decentralization,” presents […]
FTT jumps 50% after FTX gets court approval to repay customers in full
Key Takeaways FTX’s Chapter 11 reorganization plan was approved by a US bankruptcy court on Monday. FTX creditors will receive 119% of approved claims in cash following court approval. Share this article FTX’s native token, FTT, soared over 50% to $3.23 on Monday after FTX received court approval for its bankruptcy plan. The plan will […]
Supreme Court clears path for US to sell $4.4 billion in seized Silk Road Bitcoin
Key Takeaways Supreme Court paves way for US to sell $4.4 billion in Silk Road Bitcoin. Battle Born loses appeal as US preps for largest seized Bitcoin auction in history. Share this article The US Supreme Court has declined to hear an appeal regarding the ownership of 69,370 Bitcoin seized from the infamous Silk Road […]
Moo Deng, Popcat, and Neiro soar as meme coin market cap hits $55 billion
Key Takeaways Moodeng’s market value increased by 480% following social media support from Vitalik Buterin. Meme coins dominate as Popcat and Moodeng push market cap toward $55 billion. Share this article The meme coin market cap has surged to nearly $55 billion, driven by the explosive growth of tokens like Moo Deng, Popcat, Neiro, and […]
Bitcoin’s lead narrows but still outpaces other assets despite Q3 downturn: NYDIG
Key Takeaways Bitcoin recorded a modest 2.5% gain in Q3 despite market sell-offs. NYDIG notes Bitcoin’s year-to-date gain stands at 49.2%. Share this article According to a recent note from New York Digital Investment Group’s (NYDIG) research division, Bitcoin remains the best-performing asset class in 2024 despite a subdued third quarter. The alpha crypto’s year-to-date […]
Tether unveils USDT documentary to celebrate 10-year milestone
Key Takeaways USDT dominates Brazil’s crypto market with 90% of daily transactions. Tether’s USDT ranks as the top stablecoin with a $120 billion market cap. Share this article Ten years of bulls and bears, Tether has grown as one of the key players in the crypto industry. The issuer of the world’s largest stablecoin today […]
SEC’s appeal in Ripple case strengthens Coinbase’s argument, says legal expert
Key Takeaways SEC’s appeal in Ripple case demonstrates ambiguity in Howey Test application, Coinbase’s legal team said. Coinbase uses SEC’s legal stance to push for clarity in digital asset classification. Share this article The SEC’s appeal in the Ripple case only reinforced Coinbase’s position in its ongoing legal battle with the regulator, said James Murphy, […]
0G introduces first decentralized AI operating system
Key Takeaways 0G has rebranded to focus on a decentralized AI operating system. The system separates data storage and computation for various AI applications. Share this article 0G, formerly known for its modular AI blockchain, has rebranded as the first Decentralized AI Operating System (dAIOS). 0G is transforming. We are shifting from our identity as […]
Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy
Key Takeaways An early Bitcoin whale transferred $3.6 million to Kraken exchange. Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets Share this article An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to […]
EigenLayer investigates unauthorized EIGEN token sale, linking dumped tokens to team wallet
Key Takeaways 1.67 million EIGEN tokens sold via MetaMask may breach EigenLayer’s lockup policy. Questions arise on internal oversight as EigenLayer team wallet linked to unauthorized token sale. Share this article EigenLayer, announced an investigation into an unauthorized sale of 1.67 million EIGEN tokens, reportedly dumped through MetaMask at around $3.3 each. Community Update We […]
