DOJ Seeks 3-Year Imprisonment for Binance Founder Changpeng Zhao

The US government is pushing for tougher penalties against Changpeng Zhao, the founder of Binance. In a court filing on April 23, 2024, the Department of Justice suggested that Zhao be sentenced to three years in prison and pay a $50 million fine for facilitating Binance’s violation of federal sanctions and anti-money laundering laws. The … Read more

Bullish On Polkadot: Analyst Sees DOT Hitting $15 Soon

Polkadot (DOT), the blockchain network that links various blockchains together, is facing a dilemma. Some technical signs point to a possible price decrease, while certain analysts are optimistic about its future value. In simpler terms, the recent price changes suggest a less optimistic outlook. The Decentralized Oracle Token (DOT) has dropped below its trendline’s lower … Read more

Solana Block Time Returns to 2 Sec, Is Congestion Nightmare Over?

Solana has recovered from over six weeks of network overload. The problem that caused delays in processing transactions, resulting in a longer block time of more than 2 seconds, has been fixed. Reaching normal block production again is a significant achievement for Solana, given its past challenges. Transactions now confirm in under two seconds, an … Read more

Jack Dorsey-Led Block Finishes Development of 3nm Bitcoin Mining Chips

After toiling intensely for three years over their Bitcoin mining chips at Block Inc, led by Jack Dorsey (Twitter’s founder and CEO), they unveiled the completion of their groundbreaking three-nanometer chip development. A passionate advocate for a more inclusive and decentralized Bitcoin mining landscape, Dorsey has spearheaded this project at Block Inc. A 3nm chip … Read more

Hedera’s HBAR Jumps 96% on Misunderstood BlackRock Update

The price of Hedera’s own token, HBAR, jumped approximately 100% within the last 24 hours. This price increase was caused by the announcement that BlackRock, a well-known American investment firm, plans to tokenize its ICS US Treasury money market fund on the Hedera network. This announcement caused a significant increase in HBAR‘s price from $0.087 … Read more

XRP: 600 Million Token Influx As Whales Make Their Presence Felt

The unpredictable nature of the cryptocurrency market persists, with XRP being no stranger to this volatility. Following an optimistic beginning in 2023, XRP’s price has mimicked the broader market downturn resulting from Bitcoin‘s adjustment. Amidst the pessimistic outlook, however, a distinct narrative emerges beneath the surface – one involving wealthy investors, referred to as “whales,” … Read more